Top Tips to Avoid Deadbeat Customers for Your Business
You have sold your product or rendered your service to one of your customers. Receiving their payment must be something that happens next. It is already past the deadline of payment for invoice. You then decided to call this customer of yours since you have never received their payment or heard anything from them. The customer then tells you that you are paying them for the week. And yet, another month has passed since you made that call and you still have not received any payment. 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. 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. When this is your first time doing business, you might not find it very easy to be declining any deal with any customer that comes your way. 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.
Another tip to ponder from Merrick Ventures is you having to receive your payments from the customer upfront. You can see that this is the most practical tip to ever be given to your business in one way or another. And yet, up until now, omitting this rule seems to be very common among a lot of companies big or small. 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. However, it is better that you get paid before you render your service or send your product to not have to face any hassle in collecting their payment and saving 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.