Why You Have Every Reason to Steer Clear From Deadbeat Customers and Tips to Avoid Them
You have already provided the service or sold your product to a customer of yours. The next step must be your receiving their payment. The payment deadline for the invoice has already passed. 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. You have to find out as much as you can about a certain kind of customer that you must avoid even right before they still have not bought any of your services or products. 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.
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. But then, you can see that there are still a lot of companies out there who are hesitant to be applying this particular rule. 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. 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. 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.