Why Your Business Does Not Deserve Any Deadbeat Customers
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. 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. 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. It might be challenging to stay away from customers that approach you if you are still new on the whole business thing. You will most likely come to the point of wondering where you will be able to find more customers for your company when this kind of person is the first to approach 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.
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. 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.