Why Your Business Does Not Deserve Any Deadbeat Customers
Finally closed the deal on one customer and sold them your product or given your service to them. Receiving their payment must be something that happens next. The date has already moved beyond the deadline of having the invoice paid. You found it necessary to give your customer a call after not hearing from them pass their due date. Within a week, the customer told you that they will pay you. Even so, a month has passed and still, the customer did not give you any of his or her payment as discussed. Having this kind of customers will never do your business any good; below are some points to consider as recommended by the Merrick Ventures Board of Directors to avoid making business with these customers.
According to the Merrick Ventures Board of Directors, you must be sure to choose the customers to get for your business wisely. It will be safe if you institute finding out some identifying characteristics of customers that you must never make deals with before you even start letting any customer avail of the services or products that you are offering them. Never make deals with customers that give a demeanor of being vague, uncompromising, and demanding. When you get that feeling that this particular person is no one you want to have to deal with in terms of your payment conditions, then you better not strike a deal with them. It might be challenging to stay away from customers that approach you if you are still new on the whole business thing. You might come to wonder if you can get more customers such as this if this is the kind of person that will approach your business first. Even if this can be all too tempting to disregard, you know sooner or later that dealing with this kind of customers will just get your business nowhere as per studies done by Merrick Ventures.
What you can learn from the Merrick Ventures Board of Directors will be that it will be better on your part to be getting your payments upfront. This is most probably the most obvious pointer that every business establishment must know. Even so, you can find that a lot of business establishments are not looking into following this rule when it comes to their business. You can still see a lot of companies being too hard-headed to follow this practical rule for the reasons of losing more of potential customers and just simply it being their preference as found out by the Merrick Ventures Board of Directors. Even so, when you get your payment from your customers first, gone are the days of having to remind them that you will collect their payment and waste a lot of your time. On the other hand, if you do provide services and products online, the best move is to do cash on delivery as your payment method.
More information: read the full info here