If you intention is to get more clients I would think the more you offer the more people you will attract. If someone doesn't have much extra money and they only want to pay monthly then they will easily go find a new host if you only accept annual payments.
I agree that 3 & 6 month plans can be critical to landing some customers. I've found an odd correlation to customers that want those payment cycles and that pay via Amex - must have to do with how they pull the reports and do their taxes.
I think most clients like month to month as long as they are aware of the cancellation policy. Also, providing discounts for clients that pay for longer periods of time will be helpful in attracting clients as well.
I'm seeing the majority of prospects selecting monthly plans, and some annual plans. Whereas it used to be common to sign 3 year or even 5 year terms, that isn't happening in today's market.
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1, 3, 6 and 12 month payment terms. I fail to see what's so confusing about that.
Without 3 and 6 month terms it scares me to think about the amount of business we could have missed out on...
That 2 year term is the one I'm still trying to understand. Would a company spend that money immediately or bank it!? Seems like a quick way for a company to keep large sums flowing in...
Perhaps not to an experienced user. But if you get a complete novice they could be confused. Say you have 4 plans each with 4 payment terms, that's 16 choices. I am a believer in keeping things simple and just having monthly and yearly.
Of course if someone asked to pay 3monthly and 6monthly, I wouldn't turn them away. Since I took 3 and 6 off my pricing business has defiantly increased!
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