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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. 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. And yet, another month has passed since you made that call and you still have not received any payment. 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.
The first thing that you have to remember as per advised by Merrick Ventures is to be sure to think carefully about the customers that you will have your business transactions with. 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. 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. Having a new business may make it hard for you to decline transacting with certain customers for your business. 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. 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.
Another tip to ponder from Merrick Ventures is you having to receive your payments from the customer upfront. You can see that this is the most practical tip to ever be given to your business in one way or another. 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.
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