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. It is already past the deadline of payment for invoice. You then decided to call this customer of yours since you have never received their payment or heard anything from them. Within a week, the customer told you that they will pay you. But then, after a month from that phone call, you have not gotten the payment from the customer again. 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.
Based on the studies conducted by Merrick Ventures, choosing of customers must be done 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. Having a new business may make it hard for you to decline transacting with certain customers for your business. 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. 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. 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. The method of cash on delivery, on the other hand, works well for your company and the customer if you are providing your services or products online.
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