What's new

How to deal with clients postponing, cancelling or demanding refunds during Coronavirus

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

MattR82

Bronze Contributor
FASTLANE INSIDER
LEGACY MEMBER
Read Rat-Race Escape!
Joined
Oct 4, 2015
Messages
1,508
Location
Brisbane
Rep Bank
$2,935
User Power: 185%
In my case, this specifically relates to the destination weddings and events industry, which has been smashed, but of course there are a lot of other industries that have things like non refundable deposits from clients which are often already spent with vendors.

Right now, leaders and influential personalities in this space are telling people to only postpone, not cancel. It's not even possible to cancel with a full refund of deposits most of the time as it has already been given to vendors like hotels, florists etc. They can and have in a few cases refunded the deposit they collected for their own planning service though - it's itemised separately)

Obviously it's a touchy subject, and so far most of their clients have been understanding, but they still need to put something out addressing it as it's going to get even worse in the next week or two (most clients of theirs are from Australia, which hasn't yet taken it as seriously yet as other places IMO).

Would love to hear others opinions on this and how you may have dealt with it in your business, or what you think is going to be the best way of wording it as basically a press release.

I would imagine it should involve:
* Directly addressing their main concerns first up, and answering honestly (although I don't think these planners even know how bad it's going to get). Probably this is where deposits/refunds will be mentioned.
* Not acting too flippant about it, nor too doomsday and avoiding any sensational language. Acknowledging it's serious but reminding them that postponing means they are still going to have their event.
* Confirm that the business is healthy and there is no doubt that they will still be there for when things return to normal and business resumes as normal (which is true, they are big enough to weather it).
* Maybe ending with a positive spin of some kind.
* They want to talk about insurance etc but I think that's better left out of it?

Anyway, I think this is going to be something a lot of people are going to have to deal with, so hopefully some ideas in this thread help people. I'm not a copywriter or anything so open to any suggestions!
 
Last edited:
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom