3 ms·
What kind of business is it and how many clients does it lose you?
by solarkraft 5y ago
What kind of business is it and how many clients does it lose you?
- notyourday 5y agoSaaS. I do not believe it loses us any clients -- responding to RFPs or filling out questionnaires are a waste of our time. If they want us to jump through those hoops they are not our customer. We simply do not give a shit about "their procedure". Our procedure is : credit card gets charged or wire hits our account and you can use our services for 30 days. We bill you on a day 25. If you do not pay by the 1st, your service gets shut off in 1 minute after your "paid for" period is over. We do not restore the service until you pay us. We have gone this way after in a previous company I was involved with found that it is cheaper to sell invoices to factoring companies that take 30-50% than chase checks from companies with signed contracts