Learning The “Secrets” of Tips
Top Tips to Avoid Deadbeat Customers for Your Business
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 payment deadline for the invoice has already passed. 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 told you that they will be paying you in the coming days. But then, after a month from that phone call, you have not gotten the payment from the customer again. 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. Before any customer will order some services or goods from you, you must first find out what kind of person you will be potentially doing business with. Never make deals with customers that give a demeanor of being vague, uncompromising, and demanding. If your gut instinct tells you to never make deals with this kind of customer, then you should follow your gut instincts. Having a new business may make it hard for you to decline transacting with certain customers for your business. Having this kind of person go first to you might just end up with your thinking about the ways in which you will be able to get more customers to make business with you. 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. And yet, up until now, omitting this rule seems to be very common among a lot of companies big or small. According to Merrick Ventures, the most common reasons for this include the preference of the business as well as the fear of not getting enough customers to buy from them. 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. If you happen to be selling your products online or offering your services online as well, then you better provide for them through cash on delivery basis.