Selling On Credit Can win you many Big customers

[Bisolami]

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.

I have an aunt who sold all our goods and she has gone bankrupt because people have refused to pay her the money

 

[eldavis]

True selling on credit does not just give you many big customers, it also puts you on good grace with a lot of customers,as they would want to buy from you, but it can also be risky. There are customers who might not be willing to pay back hence your business would end up running into losses.

 

[Niyi Briggs]

Those big customers that can owe. I rather do business with small people and get cash than deal with big customers that don't pay on time. They owe for weeks.

 

[LoukiaCharilaou]

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

Yes, this is correct. Most customers prefer to buy on credit, so if we don't allow this, they will find other sources that accept buying on credit.

 

[Stardom22]

Many businesses have used the selling in credit strategy to attract more customers. However this strategy can be so risk as many customers turns out to be unfaithful especially when they have accrued a higher amount of money to repay back.

 

[Chibson]

You can only sell your goods on credit to people who you already trust. but in some businesses if you sell on credit you may actually end up making a lot of losses at the end of the day.