Why Your Business Does Not Deserve Any Deadbeat Customers
You have already provided the service or sold your product to a customer of yours. What happens next will be you receiving their payment. The date has already moved beyond the deadline of having the invoice paid. After not hearing anything from your customer, you then made the decision that you better get in touch with them via phone. The customer then tells you that you are paying them for the week. Even so, a month has passed and still, the customer did not give you any of his or her payment as discussed. If you have experienced something like this in your business, then you better look at the following tips as told by Merrick Ventures to not have this kind of customers.
According to the Merrick Ventures Board of Directors, you must be sure to choose the customers to get for your business wisely. You have to find out as much as you can about a certain kind of customer that you must avoid even right before they still have not bought any of your services or products. You can identify if a customer is deadbeat if they are vague, cannot be compromised, and are very demanding. You will not be sorry making deals with unreliable customers if you are able to not proceed dealing with them the moment you do not feel compelled at all to make deals with them. Having a new business may make it hard for you to decline transacting with certain customers for your business. 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. You have to learn from the experts such as Merrick Ventures that no matter how great these customers might look like on the outside and at first purchase, you will just end up losing more of your money in the long term.
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. But then, you will get more benefits when you have your customers pay you first such as not getting caught in the hassle of collecting the payment from them and saving most of your time. The method of cash on delivery, on the other hand, works well for your company and the customer if you are providing your services or products online.