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. Receiving their payment must be something that happens next. 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. The customer then tells you that you are paying them for the week. But then, after a month from that phone call, you have not gotten the payment from the customer again. If you have experienced something like this in your business, then you better look at the following tips as told by Merrick Ventures to not have this kind of 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. Never make deals with customers that give a demeanor of being vague, uncompromising, and demanding. 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 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. 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.
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. This tip can be very obvious for any business. And yet, up until now, omitting this rule seems to be very common among a lot of companies big or small. According to Merrick Ventures, the most common reasons for this include the preference of the business as well as the fear of not getting enough customers to buy from them. 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. 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.