A Quick Overlook of Tips – Your Cheatsheet

Why Your Business Does Not Deserve Any Deadbeat Customers

You have sold your product or rendered your service to one of your customers. Receiving their payment must be something that happens next. 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. 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. 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. 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. 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.

The second tip from Merrick Ventures that you must learn for your business is to receive your payments on the spot. This tip can be very obvious for any business. Even so, you can find that a lot of business establishments are not looking into following this rule when it comes to their business. 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. 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.