What are some of the benefits of credit sales to a seller

Stardom22 · Dec 18, 2022

The seller is able to create a goodwill with his customer
Selling on credit increases the businessman's profit due to increased sales

Starmix · Dec 19, 2022

Building good friendly relations is a must between a seller and a buyer to foster better understanding and camaraderie.

Shavkat · Dec 19, 2022

I am sure some people would want to have this option. It is not my thing to be in such a situation. In fact, I do not have any kinds of credit cards in my wallet.

Golden9 · Dec 19, 2022

It's just a way to gain and retain customers for me, but I don't like it because most people who I know buy things on credit usually have no intention to pay as soon as they can, and some never pay at all.

Enxx · Dec 19, 2022

It will also increase the quantity of goods the customer is supposed to buy

Niyi Briggs · Dec 19, 2022

The only advantage I see is that it helps to clear out stock. If the people that get the credit pay on time, it helps with increased turnover.

eldavis · Mar 9, 2023

Though i do not encourage credit sales but giving out credit to some customers might help in increasing your relationship between them but then again not everyone is to be trusted.

Bisolami · Mar 9, 2023

The benefits of it is that the person will have potential customers because some people always stay loyal to anyone who sells goods on credit to them

Stardom22 said:
The seller is able to create a goodwill with his customer
Selling on credit increases the businessman's profit due to increased sales

cherry123 · Mar 9, 2023

The first thing is that Selling on credit increases the business profit due to increased sales and again the seller is able to create a goodwill with his customer and they come back to buy.

Bisolami · Mar 9, 2023

But the sad part of it is that some customers may not pay your money and it is a loss

cherry123 said:
The first thing is that Selling on credit increases the business profit due to increased sales and again the seller is able to create a goodwill with his customer and they come back to buy.

IB D · Mar 9, 2023

It is very good for businesses that you might incur costs in the process of storing and preserving the products. With credit sales, they can just clear your entire shop and save you the cost of storage.

Heatman · Mar 9, 2023

Stardom22 said:
The seller is able to create a goodwill with his customer
Selling on credit increases the businessman's profit due to increased sales

One of the benefits of selling your products and services on credit to your customers is increase profit because the prices that the goods are sold to them are always higher than what it's sold to people that buys cash.

Springtime · Mar 10, 2023

Many stores here accept credit card as an option of payment in my location. This is an effective way to increase sales. Customers also get benefits from using credit card such as getting cash back or other rewards.

What are some of the benefits of credit sales to a seller

Stardom22

Very Familiar

Starmix

Popular

Shavkat

Very Familiar

Golden9

Notable

Enxx

Notable

Niyi Briggs

Well Known

eldavis

Very Familiar

Bisolami

Very Familiar

cherry123

Popular

Bisolami

Very Familiar

IB D

Well Known

Heatman

Team Lead

Springtime

Well Known

Connect With Us