About this episode
Send a text↩️ Luxury Refunds - Refunds are a business strategy.In this week's Baking it Down Podcast - Episode 211 - Luxury Refunds, Corrie wanted to recap yet another reminder on why luxury bakers should consider luxury refunds. 🤔 What's a luxury refund? It's the baked-into-the-price guarantee that if something goes left, the baker will make it right - and typically that will be through a refund.Per the twin, we can't claim 💰 "luxury brand and thus luxury pricing," but claim 😭 "I'm just a small business, give me a break" when things go wrong. Luxury price needs to be threaded throughout your entire sales process. Yes, refunds included. 💰 1. Be Refund-CentricWhen you think about luxury brands, you're likely not picturing a front-desk person telling unhappy clients that that sounds like a them-problem when the client has an issue. Noooo - you picture luxury brands like hotels handling all the gross parts of staying in a hotel = managing luggage, door hops, taxi cab and uber calls, clean rooms and room service - you get the point. Luxury pricing includes making things right for our luxury clients. A refund-centric company will have its happiness guarantee baked into its policies before the client even orders. If there were two bakers equal in every way but only one offered a 100% money-back guarantee, which do you think clients would choose? Be that baker.💰 2. Take refund culpability Most of the time, it's not a 100/0 split on who is at fault when it comes to client issues. ⚖️ Likely, there's shared culpability. But a luxury brand would still take culpability from the client. 🤨 "But twins! I wasn't wrong, they were!" We know - but you're the business owner, and a luxury business owner at that. Don't be afraid to say, "I'm so sorry - I misunderstood when you wrote XYZ! My apologies - I'd love to make you whole regarding this issue." 🔑 The words "I'm sorry" will unlock more doors than they shut - believe ye we.💰 3. Offer refunds oftenHere's the thing - you won't have to refund often if you're willing to refund. Why? You'll find that clients actually aren't trying to get free stuff - they just want their cookies. 🛑 Being gracious to your clients by offering refunds will allow your clients to actually ask you not to. People are more understanding than we give them credit for. We just have to allow them to have the elbow room to exercise that grace - 🥊and they can't when you're threatening them by blaming them for the order issue.💰 4. Refund swiftly Be quick to refund, as in don't make your clients fight you for it. With every message rejecting the client's issue, you're one step closer to the dreaded, "Well, I also
