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. The next step must be your receiving their payment. 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. 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. In order for you to steer clear from this type of customers, it is best that you take the following tips by heart as advised by the Merrick Ventures Board of Directors.
The first thing that you have to remember as per advised by Merrick Ventures is to be sure to think carefully about the customers that you will have your business transactions with. 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. 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. 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.