Business and Finance Studio

Posts Tagged ‘sales strategy’

- Credit Rule

Giving credit means putting a part of your business in another person or client, it must take all necessary measures to avoid exceeding your capacity to give credit as well as the rules for granting, Ask for references of customers they are granting credit, question and investigate their ability to pay, payment policies, payment habits, in short, make sure the money from your sales reach safely to your business.

Be possible to design a credit agreement which stipulate the rules to your client the conditions under which they are granting credit. This part is usually delicate game that is the customer’s decision to accept your terms or to get another provider, you should be cautious for the management of this strategy, you could even set the amount of sales from which will have sign a contract.

Make an analysis of your finances to know exactly how many credits you can execute and establish the limit, once reached that limit does not need more loans since the financial solvency of your business could be compromised.

- Golden Rule

Always try to sell spot rigorous, this is the best collection strategy you can apply your first choice is the down payment, you can even encourage this rule by establishing some kind of discount or bonus to invite your client to pay you this way.

If a customer pays you cash and tries to keep it that way, sometimes make the mistake of offering credit to those who always pay cash, it can backfire because the client lost the habit of paying in cash and thereby causing a lack of fast cash input to the operation of your business. Once again I stress that these rules are part of a good sales strategy as it usually should be set from the first negotiation with your customer.

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It is elementary to conduct a good sales strategy, but you should never set aside the conditions of collection, as this can undermine your business development.

In many cases we design the best sales techniques to win customers, perhaps you have past sales do the work perfectly and actually lifts the first order, yet can be sold so the euphoria that you forget to set the terms of payment. Incredibly many small and medium enterprises suffer from this disease, the lack of measurement of credits awarded, or simply being lax in the management of the collection, brings severe problems for SMEs, including some large companies.

For that to happen you need to establish simple but important domestic policies that will be able to optimize your accounts receivable system. I detail some of the important measures that could be implemented to address this problem and avoid any serious problems with the finances of the business.

- Basic Rule

The sales process does not end until it becomes, in fact it might already have closed the sale and lifted the order and purchase order or in some cases already has taken the good and the customer has not paid; This situation could avoid putting the rule to receive a 50% deposit, what has been called upon to lift the order and the other 50% to deliver the goods.

In this strategy it would take the offer of a discount of up to 5% for prompt payment or cash.