Top Tips to Avoid Deadbeat Customers for Your Business
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. You then decided to call this customer of yours since you have never received their payment or heard anything from them. 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. 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. 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. 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.
Another tip to ponder from Merrick Ventures is you having to receive your payments from the customer upfront. This tip can be very obvious for any business. But then, you can see that there are still a lot of companies out there who are hesitant to be applying this particular rule. The fear of not getting more customers for their business and just their preference are the top two reasons for most establishments making this mistake based on Merrick Ventures research. But then, you will get more benefits when you have your customers pay you first such as not getting caught in the hassle of collecting the payment from them and saving most 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.
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