How to sell on credit but still make a success of the business

cherry123 · Nov 22, 2022

One thing about running a business is that you would also sell on credit most times. How do you sell on credit and still make a success of the business?

Bisolami · Nov 24, 2022

cherry123 said:
One thing about running a business is that you would also sell on credit most times. How do you sell on credit and still make a success of the business?

I don't think a business can be successful if the business owner is selling on credit. Credit does not make a business grow because not everyone will pay

cherry123 · Nov 24, 2022

Bisolami said:
I don't think a business can be successful if the business owner is selling on credit. Credit does not make a business grow because not everyone will pay

But if you don't sell on credit In. most cases you might not hsve much customers to patronize you.

Hate2Wait · Nov 24, 2022

Yes there are many people that prefer to buy on credit and to sustain we need to have good relationship with these companies or customers so they will pay automatically after the credit period is over

uptrendfinancialsignal · Jan 13, 2023

In my country I have not seen a business who sells heavily on credit make progress.

eldavis · Jan 13, 2023

True, there are certain times where selling on credit may not be avoided but i would advice you select does you sell on credit for. Not everyone deserves credit. You should only sell to does you can trust.

Bisolami · Jan 13, 2023

uptrendfinancialsignal said:
In my country I have not seen a business who sells heavily on credit make progress.

You are right. Anyone who decided to sell goods on credit in Nigeria will never make profit because I am sure that people will not pay you back

cherry123 · Jan 13, 2023

it is to trade on credit to people that have good credit standing. it will help one succeed in the business even on credit.

Bisolami · Jan 13, 2023

cherry123 said:
it is to trade on credit to people that have good credit standing. it will help one succeed in the business even on credit.

You're correct. But I don't think it is advisable to sell goods on credit in Nigeria
You know how things are
Most people will not pay back

Reedex · Jan 13, 2023

I have been in business for quite a long time and I would never support selling your goods on credit because it is one of the things that kills business very quickly.

Bisolami · Jan 13, 2023

lens said:
I have been in business for quite a long time and I would never support selling your goods on credit because it is one of the things that kills business very quickly.

This is also the same as especially for people and our location because our people tend not to pay money back once they buy your goods on credit and it is not nice

cherry123 · Jan 13, 2023

Bisolami said:
You're correct. But I don't think it is advisable to sell goods on credit in Nigeria
You know how things are
Most people will not pay back

Yeah but everyone can't be the same. if they are trust worthy ones then they should be considered.

Bisolami · Jan 13, 2023

cherry123 said:
Yeah but everyone can't be the same. if they are trust worthy ones then they should be considered.

There are still some trustworthy people out there but it is quite unfortunate that we have a lot of people that should not be trusted so we don't even know the one that we can trust and the one we should not trust

hastral45 · Jan 13, 2023

As a businessman you can't expect all your customers to make credit purchases. You must make provisions for debit purchases as well. But debit purchases must be minimal and given to good debtors and not bad debtors.

Bisolami · Jan 13, 2023

hastral45 said:
As a businessman you can't expect all your customers to make credit purchases. You must make provisions for debit purchases as well. But debit purchases must be minimal and given to good debtors and not bad debtors.

I understand your point and there are some customers that you should sell your goods on credit to and if they act like they do not want to pay back, you should not sell to them again

Stardom22 · Jan 13, 2023

Businessmen achieve this through giving selling on credit to customers that have reliable credit worthiness/ paying creditors

Bisolami · Jan 13, 2023

Stardom22 said:
Businessmen achieve this through giving selling on credit to customers that have reliable credit worthiness/ paying creditors

You are right but the most important thing is to know how to get back your money from the people that you sold the goods on credit to

How to sell on credit but still make a success of the business

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