How do you make customers reduce buying on credit?

[Johnson2468]

There are some customers that do buy in large quantity and makes me earn more money but they do that on credit. How do I make them reduce it or stop, if I don't want to chase them because of the money I make from them?

 

[jetsaints30]

You could also offer discounts for customers who pay upfront in cash. This could incentivize them to reduce their credit purchases.

 

[eldavis]

It would be best to not even start it in the first place. Like they say, prevention is better than cure.

 

[Springtime]

You may tell the customers that it's the company's policy not to offer credit. Or, offer an early bird payment policy. Those who pay in advance got a good discount.

 

[Heatman]

You simply stop selling to them on credit. I don't know any other better way to stop them from buying on credit.

 

[Imran Noori]

You could also offer discounts for customers who pay upfront in cash. This could incentivize them to reduce their credit purchases.

This is a great idea, if you give them discounts for buying upfront in cash then definitely they will buy.

 

[Shavkat]

I personally think that it is not good to tell them to stop or control themselves in doing so. It is their own discretion with this concern.

 

[Reedex]

You should try as much as possible to reduce sales on credit because it could kill the business.

 

[IB D]

If they buy on credit and they pay you on time, you can just adopt that as your business model with them. The only challenge is of they don't pay on time. That would hold your business.

 

[Niyi Briggs]

You can reduce credit sales by telling those customers that buy on credit that you are out of stock. They would have to look elsewhere for their credit incentives.