Selling On Credit Can win you many Big customers

[Hate2Wait]

Although most like to sell on Cash and get paid but most of the big companies buy on credit and they have terms like 30 days or even 60 days so if you like to make big and bag bigger orders you need to start adopting to it and allow big customers to place orders and need to accept their credit terms too.

 

[Enxx]

It is good for a business to grow and that is how most big companies operates. But we should be careful and not sell more than the buyer will not be able to pay back on time

 

[Hate2Wait]

It is good for a business to grow and that is how most big companies operates. But we should be careful and not sell more than the buyer will not be able to pay back on time

Yes these things should be taken care of but we cannot expect cash all the time so we need to have patience.

 

[Bisolami]

Although most like to sell on Cash and get paid but most of the big companies buy on credit and they have terms like 30 days or even 60 days so if you like to make big and bag bigger orders you need to start adopting to it and allow big customers to place orders and need to accept their credit terms too.

It is very true that selling on credit can make you have a lot of customers but it will not be nice because if you decide to sell on credit you will not have the money to buy those goods back

 

[Hate2Wait]

It's important because most big companies prefer to buy on credit and if we are not allowing this then we will miss many customers

 

[Bisolami]

It's important because most big companies prefer to buy on credit and if we are not allowing this then we will miss many customers

It is good to allow it and but if it too much, the customers may not want to pay up. This has happened to my mum a lot of times and that us why we no longer sell on credit

 

[Shavkat]

Nowadays, some people are more convenient using their credit cards. In my city, they are encouraging the locals to pay using cards than physical money.

 

[Hate2Wait]

It is good to allow it and but if it too much, the customers may not want to pay up. This has happened to my mum a lot of times and that us why we no longer sell on credit

No it's not like that and mostly these companies have their PO requirements that they need payment in 30 days so they receive payments in 30 days.

 

[Magnus2022]

Selling on credit will liquidate any business. Though, sometimes it is impossible to avoid giving credit to your customers but credit is generally not good for any business growth.

 

[Hate2Wait]

I am not sure of others but I see mostly manufacturing units are buying on credit and pay after the planned duration

 

[Bisolami]

No it's not like that and mostly these companies have their PO requirements that they need payment in 30 days so they receive payments in 30 days.

A lot of people here do not like to keep to agreement and that is why I will not advise people in my country to sell on credit to other people

 

[Hate2Wait]

A lot of people here do not like to keep to agreement and that is why I will not advise people in my country to sell on credit to other people

It could be different in your country but over here I see most prefer to buy on credit

 

[Bisolami]

It could be different in your country but over here I see most prefer to buy on credit

That's because they always pay on time. The people here are not very nice when it comes to paying up their money so it is better not to sell on credit

 

[cherry123]

Yes these things should be taken care of but we cannot expect cash all the time so we need to have patience.

You can get big customers and you might get big debt too. So you need to be careful

 

[Hate2Wait]

You can get big customers and you might get big debt too. So you need to be careful

Yes this is where the accounts team or section can help as they can follow up for the payments

 

[Reedex]

If you have been into business for a long period of time you would never support selling any items on credit because it is an enemy of the business.

 

[IB D]

I don't subscribe to selling on credit to any person, no matter how big. It doesn't always end well.

 

[Bisolami]

If you have been into business for a long period of time you would never support selling any items on credit because it is an enemy of the business.

You are right. I can give you a lot of instances because I know some of my mum's customers that refuse to pay our money till now after a few years of owing us money

 

[flower]

I'm not going to support that notion because when you do such it may affect your business negatively if the customers are not willing to pay back.

 

[Starmix]

It s good to buy on credit and pay every end of the week. It is a very practical yet profitable business. The capital may not be hard or depending on the nature of your business.