Episode 52

Payment Plans, the History of Credit and Selling More to Millenials

Charlie Youakim - Sezzle
July 27, 2018
SUBSCRIBE: iTunesStitcher

When I first met Charlie Youakim the CEO and co-founder or Sezzle I was surprised by a few things he told me:

Millennials prefer to pay with debit cards

Only 1 in 3 millennials have credit cards

Not having credit cards impacts the way millennials shop online and most don’t like the hassle of applying for a card.

Some regulations put into place after the recession in 2008 like prohibiting credit card companies from marketing on college campuses and raising the legal age to sign up for a credit card to 21 instead of 18 have all played into this.

Sezzle has put together an interesting product that allows both merchants and customers to get what they want.  The interesting thing is that Sezzle didn’t start with their current offering. As a long-time entrepreneur I was fascinated to hear how Sezzle pivoted from their original idea (which just didn’t take off) to its current offering with great success.

  • How outerwear company 686 raised AOVs by 22% and increased total sales by 5% by offering payment plans
  • How athleisure store Inflow Style raised AOVs by 40% and increased totals sales by 8% by offering payment plans
  • How and when to pivot as an entrepreneur
  • The 3 ways to grow a business and how payment plans can help with all 3.
  • Plus the history of credit cards (call me a nerd, but this was interesting to me)…

Mentioned in this Episode:

OMG Commerce
Sezzle

Connect with Guest:

Via Linkedin
Via Facebook
Via Twitter
Via Instagram

Have questions or requests? Contact us today!

Thank you for reaching out! We'll be in touch soon.
Oops! Something went wrong! 

 More Episodes

Episode 126
Jon MacDonald - The Good

Increasing Conversions in the New Normal of eCommerce

I wanted to have Jon MacDonald come back on the show to talk about what’s working right now in terms of Conversion Rate Optimization.

Episode 125
Ryan McKenzie - Tru Earth

Selling Product Subscriptions and Understanding the Power of Villains in Marketing

Learn how Tru Earth is disrupting the laundry detergent space by selling subscriptions and understanding the power of villains in marketing.

Episode 124
Chris Meade - CrossNet Games

Turning a Crazy Idea into a Multi-Million Dollar eCommerce Business

Chris and his brother Greg and co-founder Mike turned their crazy idea into a wildly popular product and a rapidly growing company.