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Answer You - Basic Training for Your Customers
How many times have you gotten a holiday greeting card in the mail from a business and said (or thought) "Yeah, yeah, yeah." Christmas cards, even when signed by the whole office staff, look more like an obligatio
So how do you train your customers to pay on time? Look at your water or electric bill. They all say "Due upon Receipt." But there is also another date on the invoice which says "Past due if not paid by...
We take so much for granted in this world. We expect everything we buy to work perfectly and when it doesn't, we throw a tantrum. Well, can you imagine what the programmer who creates your medical billing softwa
Let's look at an example of how we train our customers to create problems for us. Suppose you have a policy of invoicing your customers on the first of the month and your terms are "Due Upon Receipt."
Very rarely does a customer drop everything and write a check that moment. A bill that is due upon receipt is already late, so a few more days won't make a big difference. When the customer gets around to writing the check a few weeks later, you deposit it and nothing is said. So your customer understands that you really did not mean "Due Upon Receipt", but rather "Due When You Get Around To It." Businesses that allow a "When You Get Around To It" policy, will eventually create significant receivable and collection problems for their company, not a good thing.
So how do you train your customers to pay on time? Look at your water or electric bill. They all say "Due upon Receipt." But there is also another date on the invoice which says "Past due if not paid by..."
Distribution is the process of purchasing, storing, and distributing products when required. Wholesale distribution is the process of purchasing the products directly from the suppliers or manufacturers and resell
Very rarely does a customer drop everything and write a check that moment. A bill that is due upon receipt is already late, so a few more days won't make a big difference. When the customer gets around to writing the check a few weeks later, you deposit it and nothing is said. So your customer understands that you really did not mean "Due Upon Receipt", but rather "Due When You Get Around To It." Businesses that allow a "When You Get Around To It" policy, will eventually create significant receivable and collection problems for their company, not a good thing.
So how do you train your customers to pay on time? Look at your water or electric bill. They all say "Due upon Receipt." But there is also another date on the invoice which says "Past due if not paid by...
Many people believe that they know the Internet marketing numbers game, but then find that they are gaining no ground with their search engine optimization (SEO) campaign. Internet marketing is a very competitive
So how do you train your customers to pay on time? Look at your water or electric bill. They all say "Due upon Receipt." But there is also another date on the invoice which says "Past due if not paid by...
What do businesses have in common? Well, the main thing is the goal of each company to generate income through legitimate transactions.On the other hand, what is not common among businesses? There are a var
So how do you train your customers to pay on time? Look at your water or electric bill. They all say "Due upon Receipt." But there is also another date on the invoice which says "Past due if not paid by...
Setting unreasonable financial goals for your business can make you crazy! You may think you are motivating yourself to achieve more by setting your expectations high, but the opposite is often true.Big bu
So how do you train your customers to pay on time? Look at your water or electric bill. They all say "Due upon Receipt." But there is also another date on the invoice which says "Past due if not paid by..." And what do we do? We wait until the bill is just about to go past due, then we pay it. Why? Because we don't want to be late, right? Even though we have established terms of "Due Upon Receipt", we must still set a solid expectation with our customer as to when the bill is past due. This also gives us a clear point where we can impose penalties for late payment.
We are always training our customers in some way. Examine your policies and be sure you are training them in a way that keeps you healthy and them happy!
To Your Success -
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