Top Tips to Avoid Deadbeat Customers for Your Business
You have already provided the service or sold your product to a customer of yours. What happens next will be you receiving their payment. It is already past the deadline of payment for invoice. 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. Never make deals with customers that give a demeanor of being vague, uncompromising, and demanding. If your gut instinct tells you to never make deals with this kind of customer, then you should follow your gut instincts. 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. Though it seems that you can benefit from this kind of customer at first, take it from the Merrick Ventures Board of Directors, you will just end up losing more of your money in the future.
The second tip from Merrick Ventures that you must learn for your business is to receive your payments on the spot. This is most probably the most obvious pointer that every business establishment must know. But then, you can see that there are still a lot of companies out there who are hesitant to be applying this particular rule. 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. If you happen to be selling your products online or offering your services online as well, then you better provide for them through cash on delivery basis.