Why You Have Every Reason to Steer Clear From Deadbeat Customers and Tips to Avoid Them
You have sold your product or rendered your service to one of your customers. Receiving their payment must be something that happens next. The payment deadline for the invoice has already passed. 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 tells you that you are paying them for the week. 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.
Based on the studies conducted by Merrick Ventures, choosing of customers must be done 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. You can identify if a customer is deadbeat if they are vague, cannot be compromised, and are very demanding. You will not be sorry making deals with unreliable customers if you are able to not proceed dealing with them the moment you do not feel compelled at all to make deals 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 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.
What you can learn from the Merrick Ventures Board of Directors will be that it will be better on your part to be getting your payments upfront. You can see that this is the most practical tip to ever be given to your business in one way or another. Even so, you can find that a lot of business establishments are not looking into following this rule when it comes to their business. 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. 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.