Does the selling on credit, being deemed as a customer attraction strategy?

[Stardom22]

Most definitely in my vicinity most customers like patronizing on the businesses that sell on credit basis. In that sense, most customers that lie on the formal job sectors, tend to shop for the whole month and pay the bills on end months. So do you see this as a major customer attraction strategy?

 

[magnus2022]

I think a business that runs on credit is likely to collapse and it makes accountability very difficult. I will never advice anybody to adopt that strategy. From experience, most people are chronic debtors. You better avoid selling on credit like virus.

 

[Fire&Rain]

Selling on credit can definitely attract more customers, especially those who earn a fixed salary and prefer spreading payments. It builds convenience and loyalty, as people tend to return to stores that let them manage cash flow better. However, it requires careful management to avoid defaults or cash shortages while keeping customers happy.

 

[eLdavis]

One big mistake a business will make is to sell on credits with the hope that it will attract customers, you will end up destroying your business.

 

[Augusta]

Definitely, it site does. You would attract more people. Especially those that don't have the money to pay immediately

 

[Springtime]

Offering selling on credit certainly attract customers. But the shop owner needs to consider the risk that customers may not pay on time or do not even pay at all.

 

[Augusta]

Definitely, it is a good gate wsy you can capture some customers this way. We just have to be wise with this method

 

[kit_hung]

Offering selling on credit certainly attract customers. But the shop owner needs to consider the risk that customers may not pay on time or do not even pay at all.

Lending to customers attractive to many people but can incur huge losses if they don't pay on time. You should consider the risk of losing all your capital. Protect your business from falling into stupid debts on the streets here.

 

[Augusta]

Offering credit sales can be a useful strategy for attracting customers and boosting sales, but it also comes with some side effects

 

[kit_hung]

Credit sales can attract customers and increase sales. but also have disadvantages because some people do not pay on time. the store can suffer financially. it requires careful management to find a balance between attracting customers and protecting the business from incurring large losses.