Past Due Again
Every business owner knows what it’s like to have past due accounts. When people owe you money, it can be quite a hassle and it costs you more to run your business. Some customer’s are late every month while others pay weeks in advance. What can you do the prevent people from continuing on the road of past due? There are a number of techniques you can use to get money faster. How do you approach the customer who pays late every month? Many business just send out another invoice, some call the client and others just allow them to build up a balance hoping they will eventually pay. All of these can sometimes work but when you take a more pro-active approach you can break the bad habits of poor paying customers. Your approach can directly affect your bottom line, increase revenue and make running a business more enjoyable.
Past due and Paid on Time
Business have been dealing with past due customers since the beginning of time. Some customers have mastered the science of making you wait for payment while others can hardly pay fast enough. When you can identify why someone is not paying on time then you can work on getting the customer into a habit of payment. It’s important that you know the techniques to make them pay. CJM Billing Solutions, Inc. has been doing that for over 25 years. Get paid faster and reduce past due accounts immediately.
Past Due, Why Some Customers Pay Late
Why do some customers pay on time while others pay late? It really comes down to their personality. Customers who pay you late usually pay a number of accounts late. That is-unless you know how to condition into a habit of payment.
Consumer habits have been studied for years and it has been proven we can condition others in many ways. You must create a sense of urgency to pay just as if it’s their mortgage or car payment. Customers respond differently to different tactics. Finding a way to cause the later payer to respond with a positive outcome can be challenging. Every company struggles with some degree of customers who pay late. Break the pattern and get paid faster.
Something Is Wrong
The entire billing system must have continuity from start to finish and involves every department in your company. I see huge amounts of revenue loss and it goes by undetected. Most every company knows something is wrong, but they cannot pinpoint the real problem. Most fail to see a problem. From small business to major corporations. Don’t wait years to do something about it.
Are your customers taking advantage?
Some people are so good at not paying their bill. If you do not recognize the tactics they use and effectively stop patterns you will lose the customer and their money. Learn the best billing and collection methods.
Combat Excuses with Proven Responses
Some customers have a pattern of not paying. It’s important to professionally and effectively break that pattern without losing their business. You can effectively combat every excuse with a proven response that generates immediate payments.
You Can Increase Revenue
We work with many companies and they find it remarkable that gaps can be found in a billing process that they assumed was seamless. So often they say, “We should have focused on our accounts receivable process a long time ago. Thank you CJM Billing Solutions”. We have helped so many companies and welcome the opportunity to help you. We can be reached at anytime, even if you have simple questions about billing issues. The success of your business depends on you. But it also depends on the resources you use and the experts you engage in your journey to become as profitable as possible.
Wait and lose revenue
I have seen so many companies continue business as usual and lose money for years. They delay the focus on the billing and collections aspect of their company. Finally, one day they let us assist and the difference we have made is incredible. Try us and see the guaranteed benefits.
Net Income and Percentage of Profit
We focus directly on “Percentage of Profit” and improved “Net Income”. We increase percentage of profit and net income.
Consumer Habits
Some customers are accustomed to not paying their bills on time. When this happens, it costs you more money just to get paid. Consumer habits can be a road block or you can use conditioning to your advantage. It’s up to you because your action or reaction to a given situation will determine the outcome.
