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Most shops here in my area don’t like selling on credit. There must be a reason. What’s the reason most people dont like selling on credit?
Most people hate selling on credit because they are afraid they wont pay them back after collecting the goods And thats the mistake most entrepreneurs make nowadays If you are an upcoming business owner And you are selling your goods on creditand the people doesn't pay on time How are you going to gRead more
Most people hate selling on credit because they are afraid they wont pay them back after collecting the goods
See lessAnd thats the mistake most entrepreneurs make nowadays
If you are an upcoming business owner
And you are selling your goods on creditand the people doesn’t pay on time
How are you going to get the money to order
For another one?
Or how are you going to make your own profit?
Just imagine that.
All your capital, time ,and effort gone to waste like that
If the business owner keep selling on credit the business will fall. But it's not an easy thing, I mean for you not to sell in credits can take away more customers from you because a lot people buy things with those offering sell on credit for them. I can remember when I sell cement after my secondaRead more
If the business owner keep selling on credit the business will fall.
But it’s not an easy thing, I mean for you not to sell in credits can take away more customers from you because a lot people buy things with those offering sell on credit for them.
I can remember when I sell cement after my secondary school, my boss told me not to sell his cement on credit, but it wasn’t an easy thing for me, because a lot of people didn’t want to know whether you have been told not to sell in creditsÂ
If you continue to sell on credit, that means no capital again for the business.
See lessIt's true that selling on credit can attract more customers and lead to increased sales since it allows customers to purchase products or services even if they don't have immediate cash on hand but there is disadvantage when selling on credit. One of it include strain relationship, this is dangerousRead more
It’s true that selling on credit can attract more customers and lead to increased sales since it allows customers to purchase products or services even if they don’t have immediate cash on hand but there is disadvantage when selling on credit.
One of it include strain relationship, this is dangerous because when your customers keep making late payments or disputes can strain relationships with customers and it can potentially harm the business’s reputation.
Hope this help.
See lessIf a business owner keeps selling on credit, they risk running into cash flow problems because they don’t get paid immediately. Many customers might delay or avoid paying, which can hurt the business’s ability to buy stock or cover expenses. That’s why most shop owners avoid credit it’s safer to getRead more
If a business owner keeps selling on credit, they risk running into cash flow problems because they don’t get paid immediately. Many customers might delay or avoid paying, which can hurt the business’s ability to buy stock or cover expenses. That’s why most shop owners avoid credit it’s safer to get money upfront to keep things running smoothly. Selling on credit can work, but only if there’s trust and clear payment terms; otherwise, it can lead to losses and stress.
See lessIf a business owner keeps selling their products on credit, they would end up not being able to restock their shops or buy raw materials for production. Business makes sales to recycle cash back into production and take the profits. But when you sell on credits and the bulk of your running capital iRead more
If a business owner keeps selling their products on credit, they would end up not being able to restock their shops or buy raw materials for production. Business makes sales to recycle cash back into production and take the profits. But when you sell on credits and the bulk of your running capital is in the hands of customers that bought on credit, you can’t restock and the business would close down.
See lessSelling on credit is not completely bad and sometimes it is a good way to actually keep your customers and to get more returns because sometimes when people collect goods on credit they have to come with additional payments when they come to remit. You must be careful about who you give on credit anRead more
Selling on credit is not completely bad and sometimes it is a good way to actually keep your customers and to get more returns because sometimes when people collect goods on credit they have to come with additional payments when they come to remit.
You must be careful about who you give on credit and avoid those who have a history of not paying back or not paying back on time
See lessIf you as a business owner keeps giving out your goods on credit your business can suffer loss or even total crash down when your customers are not able to pay or pay you on time This kicks the business to a disadvantage position on the business will begin to struggle to stay afloat because of lackRead more
If you as a business owner keeps giving out your goods on credit your business can suffer loss or even total crash down when your customers are not able to pay or pay you on time
See lessThis kicks the business to a disadvantage position on the business will begin to struggle to stay afloat because of lack of money to restock and sustain the business therefore it is not advisable to give certain amount of goods on credit