How do see the venture of selling on credit?

[Stardom22]

When you are selling on the credit basis for your business the business would attract more customers and make more sales for sure. What do you think?

 

[Nite]

Selling on credit can attract more customers to your business, as it allows them to make purchases without having to pay upfront. This can be especially appealing to customers who may not have the funds readily available but still want to buy your products or services.

 

[Shavkat]

It is fine if this option is given to a client. As long as this client is a good payer, there is no need to worry about. Although it is best to keep 50% of the total cost down, the other 50% will be paid through credit.

 

[Fidelia]

I don't ever sell my clothes in credit. It takes so much pains to create a design for me to sell on credit.

 

[nomad]

I am not in favor of selling on credit but sometimes it becomes very necessary to sell on credit

 

[Nite]

There are situations where selling on credit becomes necessary in order to attract new customers, compete with competitors who offer credit terms, or simply to maintain good relationships with existing clients.

 

[King Belieal]

Selling on credit is not something that you should embed as a usual part of your business. It would run the business down.

 

[Nite]

Relying too heavily on credit sales can lead to cash flow problems and financial instability .