Finance

How To Respond Digitally To The Problem Of Funeral Debt

How To Respond Digitally To The Problem Of Funeral Debt

"The funeral business is rife with rip-off merchants squeezing cash from vulnerable families."

Significant press coverage highlighted the issue of funeral debt in the UK. This information is not news. However, the findings of the report by the Work and Pensions Committee reveal some possible threats to the funeral industry. Also, some potential opportunities for Funeral Directors in the UK.

In this post, I want to highlight a few details from the report. Primarily, I want to give you some action steps. I want to show how you as a Funeral Director and the owner of a funeral business could respond digitally to this issue now and in the future.

Does Your Funeral Business Use New Money?

Does Your Funeral Business Use New Money?

Digital disruption is impacting the world of commerce. New forms of money and payments are replacing old methods. How is your funeral business going to keep up with these changes? What action do you need to take to stay relevant and aware? 

Are your customers using crowdfunding to pay for funeral costs? Do you know what that is and how it is gaining attention? Could this be a source of help for families who are struggling to pay for funerals that you are arranging?

Every business needs to be aware how digital transformation will keep them in the game. Otherwise, it will see them losers in the race for new customers. In this post, I will show that are new forms of money. New ways of collecting money that funeral directors could embrace. Especially if they want to stay connected to changing customer demands.