- Thread Author
- #1
In most cases when you develop good business relationships with your customers is like giving them a good platform for them to buy in credit basis. What do you think?
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Does developing good business relationships with customer a gateway for selling them on credit?
- Thread starter Stardom22
- Start date
Building strong relationships with customers does make offering credit easier. Trust goes a long way, when people feel valued, they’re more likely to pay on time and stay loyal. Credit becomes not just a payment option, but a way to strengthen bonds and encourage repeat business.
eLdavis
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The key is to set your standards, you can develop good relationships with them but it does not mean you have to allow credits.
Yes it does but you still have to assess them. You have to make sure that they are credit worthy.
Offering payment on credit is quite risky. Shops here do not offer this. There are other methods to cultivate relationship with customers such as offering VIP discounts, small gifts on birthdays etc.
But it you also give room for credit sales you would capture more customers but do it only with credit worthy people
Yep. Set your sights high and don't let debt ruin business. You can have good customer relationships without giving out products credit. Protect your profits and respect your hard work to succeed.
- Thread Author
- #8
Like in most cases, when the customers are through with the customers, they are most likely to be convinced and end up selling in credit because they are friends to those customers. Therefore as a business person, you should relate to customers for business purposes only.
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Good one, respecting your hard work is key, not giving credits is not wickedness but you are simply protecting your business.
Yes when trying to give credit you still have to be careful. You just have to know that some people might not pay back
Giving credit way to attract customers. it requires attention because some people do not return the money on time. store can suffer financially. it is smart to set certain conditions and monitor payments so that the business remains stable and profits are not negatively affected and risk is reduced.
Giving goods on credit isn't really ideal for a business but it does help to retain customers which is not bad.
Even when you have customers that are very close to you, the business owner, you should have a system where credit sales are not encouraged by any customer.