The Art of Mastering Businesses

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. It is already past the deadline of payment for invoice. 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. 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.

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. 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. 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. You might come to wonder if you can get more customers such as this if this is the kind of person that will approach your business first. 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. This is most probably the most obvious pointer that every business establishment must know. 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. 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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