Selling On Credit Can win you many Big customers
- Thread starter Hate2Wait
- Start date
True selling on credit does not just give you many big customers, it also puts you on good grace with a lot of customers,as they would want to buy from you, but it can also be risky. There are customers who might not be willing to pay back hence your business would end up running into losses.
Those big customers that can owe. I rather do business with small people and get cash than deal with big customers that don't pay on time. They owe for weeks.
Yes, this is correct. Most customers prefer to buy on credit, so if we don't allow this, they will find other sources that accept buying on credit.
Many businesses have used the selling in credit strategy to attract more customers. However this strategy can be so risk as many customers turns out to be unfaithful especially when they have accrued a higher amount of money to repay back.
