Posts Tagged ‘payment plan’

Getting paid in the new year

Thursday, January 7th, 2010

How do you plan to make more sales and get paid from customers who are continuing to struggle in 2010?

“People tend to resist that which is forced upon them.  People tend to support that which they help to create” – Vince Pfaff

I am sure you can relate to this quote by Vince Pfaff and so can your customers.  Which is why offering a couple or a few different payment options or plans can help you to get paid.  When you call a past due customer and demand payment you won’t get very far, especially in this economy.  If you call a past due customer and offer a couple of different payment plans or payment options, you are more likely to get paid.  Including your customer in the decision will help you to help them feel as though they have a choice in how and when they pay you.

Offering different payment plans and different ways to pay such as credit or debit card, paypal or other online payment options, checks, cash, money orders, cashiers checks or western union are just some of the options you can offer.

When you call your customer and they tell you they are having a hard time making a payment, try offering them 2-3 plans and payment options and let them choose whichever works best for them, this will help you to get paid before the gruff collector who calls demanding payment in full right now!

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Failing Economy is Debtors Excuse for not Paying

Wednesday, December 2nd, 2009

I have been getting many questions from business owners, credit managers and third party collectors on how they can deal with trying to collect from debtors that are giving the economy as their reason for not paying or paying slowly.

You are asking me which of my books can help you with this specific situation so here is my list:

My book the Ultimate Credit & Collections Handbook, the check IS in the mail

This book also includes a CD in the back of collection letters and forms. It is for first party collectors rather than collection agencies.

I would also suggest my newest e-book that I wrote because so many people were asking me the same questions you are asking me.  Establishing Payment Arrangements: Beyond Net 30.

You might also be interested in another e-book, Effective Collections:  A proactive approach to Credit Management. Which is based on a class I teach business owners and credit managers.

Also, I don’t know if you are utilizing the internet or social networking websites to aid in your locating of debtors but I also offer and e-book called, Do’s & Don’ts of Online Collection Techniques.

Online Collection Techniques  Dos & Don’ts-

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