Why You Have Every Reason to Steer Clear From Deadbeat Customers and Tips to Avoid Them
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. 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. Even so, a month has passed and still, the customer did not give you any of his or her payment as discussed. 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. Some telltale signs that will tell you that the customer is deadbeat is if they are uncompromising, demanding, and very vague. 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. 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. 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.
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. 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.