How many percent of your goods can you sell on credit?

B

Bisolami

Very Familiar

Member

Sep 19, 2022

17,833

1,538

Dex

$0.000

Raw Dex

$0.078

• May 25, 2024

• #1

We all know that there is no way you will have a business and won’t sell on credit. We just have to be careful of those we are selling on credit to and they have to be people we know very well.

If I’m to sell on credit, the overall percentage of my goods that I can sell on credit is 7%.
Do you feel it is too much?

 

nomad

Very Familiar

Member

Jun 22, 2022

10,941

512

Dex

$0.010

Raw Dex

$0.400

• May 27, 2024

• #2

I cannot sell on credits, I might sell on credit once, but I would not sell on credit again to the same person until he clears the past due.

 

S

Stardom22

Very Familiar

Member

Sep 1, 2022

13,237

565

Dex

$4.300

Raw Dex

$0.417

• Jun 4, 2024

• #3

For me l can't sale on credit basis. I have come to realise that the selling on the credit basis really brings down business

 

K

King Belieal

Notable

Member

Oct 26, 2023

2,963

49

Dex

$0.021

Raw Dex

$0.501

• Jun 8, 2024

• #4

I would sell just 5% on credit. When you sell a greater percentage on credit, how would you be able to restock?

 

Sanjeev

Well Known

Member

Sep 23, 2022

8,556

1,212

Dex

$0.333

Raw Dex

$0.010

• Jun 23, 2024

• #5

I don't have a business so don't sell. I think 7% is more you should make it below 5%.

 

cherry123

Popular

Member

Sep 5, 2022

27,449

2,611

Dex

$0.401

Raw Dex

$0.090

• Jun 23, 2024

• #6

i I had plenty goods I could lend up to 20 percent of my products but I need to have more of it

 

E

Etini Willie

Notable

Member

Nov 22, 2022

3,421

93

Dex

$0.000

Raw Dex

$0.501

• Jul 9, 2024

• #7

There are people that have businesses and they don't sell even a single product on credit. It depends on the orientation of the business person.

 

cherry123

Popular

Member

Sep 5, 2022

27,449

2,611

Dex

$0.401

Raw Dex

$0.090

• Jul 15, 2024

• #8

Credit selling always depends on the owner of the business person.You need to always know whom to give your money to on credit

 

S

stan358

Unfamiliar

Member

Aug 9, 2023

341

2

Dex

$2.000

Raw Dex

$0.939

• Aug 16, 2024

• #9

Selling your goods and products on credit would definitely collapse the business. The business must have a strong root before you consider giving them out on credit..

 

S

Stardom22

Very Familiar

Member

Sep 1, 2022

13,237

565

Dex

$4.300

Raw Dex

$0.417

• Aug 17, 2024

• #10

After being disappointed by so many people not repaying back, l no longer sell in credit basis

 

eldavis

Very Familiar

Member

Sep 4, 2022

15,080

664

Dex

$0.000

Raw Dex

$6.186

• Aug 17, 2024

• #11

None, I do not want to sell any of my products or render my services in credit. Till date I have people who are still owing me.

 

R

Rubz

Notable

Member

Sep 12, 2022

1,612

15

Dex

$0.000

Raw Dex

$0.008

• Aug 17, 2024

• #12

I do not have a business of my own but if i do, i doubt there's a percentage of my goods i would sell on credit. I will try my best to avoid selling on credit.

 

cherry123

Popular

Member

Sep 5, 2022

27,449

2,611

Dex

$0.401

Raw Dex

$0.090

• Sep 12, 2024

• #13

it would not be more than 30% because I don't like the idea of credit sales but we can't just do without it

 

S

Stardom22

Very Familiar

Member

Sep 1, 2022

13,237

565

Dex

$4.300

Raw Dex

$0.417

• Sep 18, 2024

• #14

For me l would sell on Strickly cash basis policy as selling on credit brings the business down

 

R

Ratine

Notable

Member

Sep 5, 2022

3,915

48

Dex

$3.000

Raw Dex

$1.075

• Sep 18, 2024

• #15

Surely that depends on the type of the sellers one deals with. Most businesses don't sell on credit here.

 

P

Passiveearner

Notable

Member

Dec 28, 2022

3,328

206

Dex

$0.000

Raw Dex

$6.252

• Sep 18, 2024

• #16

This may depend a lot on various factors. For example, the reliability of the customer plays a big role.

 

F

Fidelia

Notable

Member

Oct 28, 2023

2,383

36

Dex

$0.010

Raw Dex

$0.303

• Sep 19, 2024

• #17

Products are not meant to be sold on credit. I don't sell any percentage of products on credit.