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How to Get Customers to Pay Up
- Brushfire 17y agoThese are all good points, but unfortunately, there is no great solution to bill collection. But there is a better way: Prepaid. If you are charging for something that is flat rate, charge ahead of time. Then if they dont pay, they dont get access. Of course, not all models lend themselves to this, but I definitely prefer businesses with this model. And if you must do post-pay, do credit checks if possible and ask for deposits where needed.
- edw519 17y agoThey forgot one: Pay commissions based upon Accounts Receivable paid, not bookings or shipments. Get your sales force to collect for you in order to get paid themselves.