Study: My Understanding of Tips

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. The date has already moved beyond the deadline of having the invoice paid. You found it necessary to give your customer a call after not hearing from them pass their due date. 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. 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.

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. Some telltale signs that will tell you that the customer is deadbeat is if they are uncompromising, demanding, and very vague. When you get that feeling that this particular person is no one you want to have to deal with in terms of your payment conditions, then you better not strike a deal 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. 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.

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Another tip to ponder from Merrick Ventures is you having to receive your payments from the customer upfront. This is most probably the most obvious pointer that every business establishment must know. And yet, up until now, omitting this rule seems to be very common among a lot of companies big or small. 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. 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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