Top Tips to Avoid Deadbeat Customers for Your Business

You have already provided the service or sold your product to a customer of yours. Receiving their payment must be something that happens next. The date has already moved beyond the deadline of having the invoice paid. After not hearing anything from your customer, you then made the decision that you better get in touch with them via phone. Within a week, the customer told you that they will pay you. 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. 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. You can identify if a customer is deadbeat if they are vague, cannot be compromised, and are very demanding. If your gut instinct tells you to never make deals with this kind of customer, then you should follow your gut instincts. 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. 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. You can see that this is the most practical tip to ever be given to your business in one way or another. 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.