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. What happens next will be you receiving their payment. 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. The customer then tells you that you are paying them for the week. But then, after a month from that phone call, you have not gotten the payment from the customer again. 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. 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. 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. It might be challenging to stay away from customers that approach you if you are still new on the whole business thing. 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. 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.
The second tip from Merrick Ventures that you must learn for your business is to receive your payments on the spot. You can see that this is the most practical tip to ever be given to your business in one way or another. 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.