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Education
In 2023, it is expected that the average monthly
mortgage payment will steadily rise, much to the
Unlock Your displeasure of potential homeowners. Today's
average mortgage payment is $3,048 per month on
Growth Potential a 30-year fixed mortgage; the monthly average is
expected to increase by nearly 30 percent in 2023
alone (see https://bit.ly/3nYIWPC).
With a BCP Loan Even with the average rent rising to $1,900 per
month, some may continue to rent just to save
money on housing, given the cost of home
ownership (https://bit.ly/3KhsAsU).
What about brand loyalty?
Brand loyalty is a huge area of interest for companies of
all sizes and industries, and most know that they owe a
lot to their repeat customers. However, building brand
loyalty is not as easy as most businesses want it to be.
Today's consumers have more choices, which means
they can consider alternatives—even to their favorite
brands.
Consumers prioritize several traits when choosing
their favorite brands. Still, with the growing economic
unease, one trait, in particular, is standing out for 2023.
When asked, consumers overwhelmingly shared that
they consider price to be the top factor when staying
loyal to brands (see https://bit.ly/3zMopjZ).
For confirmation of this, brands can look at the
social media content surrounding changing prices in
streaming services, which has led to a recent uproar.
As prices rise, more consumers are looking for ways to
scale back.
Navigating changes in consumer behavior
Consumer behaviors change. That is the nature of
a fluctuating economy and industry advancements.
Although some changes are occurring rapidly, it is
important to remember that these changes can shift
back just as quickly as they began.
BOCA For the time being, offer benefits that support your
CAPITAL merchant customers during these times of uncertainty,
and encourage them to do the same for their customers.
PARTNERS A little extra care and consideration for consumers can
help to establish brand loyalty that begins today and
carries on well after buying habits stabilize.
Get a loan from $100,000 to
$5,000,000 for your ISO today Nicholas Cucci is the co-founder and COO of Fluid Pay LLC. Cucci
is also a graduate of Benedictine University and a member of
the Advisory Board and Anti-Fraud Technology Committee for the
Association of Certified Fraud Examiners, as a CFE himself. Fluid Pay
Call Now: 844-531-4957 is the ONLY 100 percent cloud-based Level 1 PCI Payment Gateway
processing transactions anywhere in the world. Contact Nick at
bocacapitalpartners.com Nick@FluidPay.com.
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