Artwork

Content provided by John-Paul Iwuoha. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John-Paul Iwuoha or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

SBP 057: Should You Sell On Credit To Your Customers?

35:34
 
Share
 

Manage episode 293573391 series 2871315
Content provided by John-Paul Iwuoha. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John-Paul Iwuoha or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Should you give credit to your customers?

I was training a group of entrepreneurs recently when this question came up.

Credit is a very divisive topic for business owners.

Some entrepreneurs love giving credit because it has helped to build their businesses.

Some have lost money to customers who never paid back.

And some others have a strong policy against giving credit to customers.

Credit is a double-edged sword.

If you manage it well, it can help to significantly boost sales and customer retention.

But if you don’t manage it well, you could end up with a lot of unpaid debts.

So, how should you make the decision to give (or not to give) credit to your customers?

That’s exactly what you’re going to learn in today’s lesson.

What you’re about to learn could make a big difference in how you run your business.

  continue reading

101 episodes

Artwork
iconShare
 
Manage episode 293573391 series 2871315
Content provided by John-Paul Iwuoha. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by John-Paul Iwuoha or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Should you give credit to your customers?

I was training a group of entrepreneurs recently when this question came up.

Credit is a very divisive topic for business owners.

Some entrepreneurs love giving credit because it has helped to build their businesses.

Some have lost money to customers who never paid back.

And some others have a strong policy against giving credit to customers.

Credit is a double-edged sword.

If you manage it well, it can help to significantly boost sales and customer retention.

But if you don’t manage it well, you could end up with a lot of unpaid debts.

So, how should you make the decision to give (or not to give) credit to your customers?

That’s exactly what you’re going to learn in today’s lesson.

What you’re about to learn could make a big difference in how you run your business.

  continue reading

101 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide