If your customer is costing you drop them

If Your Customer is Costing You Drop Them

A lot of time, energy, and money is spent on developing new customer relationships. Often you will find this to be a rewarding experience for you. You may even develop relationships that will last years into the future. Some of your customers might even become close friends of yours. But sometimes the exact opposite can happen and depending on how badly you need the business of that customer it can become a real nightmare for you. If this happens you might have to ask yourself just how badly do you need them?

It is during the early stages of building your business that every customer really counts but at some point in time you need to examine your relationships with you customers. You need to ask yourself if all the hoops you jump through for them are actually worth the sales that you receive. You might be surprised by how many aren’t. Does this mean they all need to be dropped as customers no? In fact it would be better if you could figure out a way to make the relationship more fruitful for you. But when you do realize that a customer is simply not worth the effort that you are giving them then you need to drop them.

Yes it is hard giving up on a relationship that you have worked so hard to develop but it needs to be done. This one customer can be taking up valuable time and resources by distracting from other customers that you can make money on. And the longer you wait to do something about the situation the more it is costing you. So how do you go about ending a relationship? Politely that’s how.

When ending a relationship with a customer there is no need to be rude to them or have them develop any hard feelings towards you. You need to take the time to explain the situation to them. No they may not like it. But you need to be truthful with them. Don’t be fooled into thinking things might change because this is often not the case. There are of course times when a relationship is worth salvaging and you’ll have to make that decision yourself. But try not to let past sentiment be an influencing factor no matter how hard.

Developing good long term customers is about developing relationships with them. But it is a two way street. They may think that you need them more than they need you and while at one time it may have been true. It is not always the case anymore. So just as you value your relationship with them hopefully the same can be said of them valuing that relationship also. If they don’t then you need to remember that your business comes first not theirs.

Iphone – the technology with a finger touch

Iphone – The Technology With A Finger Touch. Why We Need Insurance For It?

The iPhone is a remarkable invention in the field of computer and mobile sciences. It is a multimedia smart phone device that has an Internet connection to it. IPhone was designed by the famous Apple Inc. who marketed the product with some of the exceptional features that no one has seen or imagine before.

The iPhone is a multi touch screen device which also offers a virtual keyboard when necessary. A typical touch screen device uses a slender pointed stylus, but an iPhone requires you to use fingers. It can also detect multiple touch points simultaneously, which many existing touch-screens cannot do. An iPhone sometimes seems to be a palmtop computer rather than a cellular phone. The simple reason for this is the internet features that this smart phone carries with it. One can browse the net, listen to music, download videos, play games, receive or send emails and text messages, import pictures from your computer and even click pictures with the in-built camera. The Wi-Fi connectivity that comes with an iPhone allows you to access your web anywhere.

The first iPhone was announced in January, 2007 although it was introduced on 29th June, 2007 officially in the US. It was named the Invention of the Year 2007 by “Time” magazine. In the year 2008, Apple introduced the second generation of iPhone which can operate on 3rd generation (3G) cellular networks with a GPS receiver. The additional feature of the second generation iPhone was that it allows you to map and satellite data from Google maps.

Some of the interesting features of an iPhone are the 9 cm touch screen having a LCD with scratch resistant glass. It has an internal rechargeable battery providing up to seven hours of video, six hours of web browsing, eight hours of talk time, 24 hours of music or up to 250 hours on standby. The storage capacity comes in different sizes ranging from 8 GB to 16 GB and 32 GB variants. The data is stored in an internal flash drive. IPhone allows audio conferencing, call holding, call merging, caller ID, and integration with other cellular network features and iPhone functions. The iPhone can sort its media library by songs, artists, albums, videos, playlists, composers, podcasts, audiobooks and compilations. It uses a large font that allows users plenty of room to touch their selection.

With so many advanced functions, iPhone has attracted lots of phone thefts and related risks. Apple does not provide iPhone insurance for any such loss or damage. Hence, it is advisable to insure your iPhone. This delicate device is prone to loss by theft, water, accidental or fraudulent calls. Insure your product against all the possible threats. Check for the best insurance deals and plans and get your iPhone insured immediately once you have purchased it.

How to get customers to pay on time

How to Get Customers to Pay on Time

Having customers that pay their invoices on time is critical to the success of any business. Late paying customers affect your cash flow and therefore your ability to meet your own obligations. In most commercial transactions customers pay their invoices in 30 to 60 days. This is commonly known as offering terms.

Offering terms to a customer is no something that can be taken lightly. Many business owners like to congratulate themselves when they close a big sale and send the invoice to the client. Careful owners save the congratulations until after they get paid. But how do you make sure that customers pay you on time?

There are a number of things that you can do to make sure clients pay one time. Apart from delivering good and timely services, the most important thing you can do is check their commercial credit rating. This will tell you whether they have paid their past suppliers in time. Although not a perfect indicator, it’s useful to know. For example, if a potential client has a track record of paying all their invoices 90 days past due, what are the chances they will pay yours on time?

It’s usually a smart strategy to check a clients commercial credit before making the actual sale. One additional thing you can do to help customers pay on time is call them soon after delivery to verify that they are happy with the work/product. Lastly, always verify that they have the proper paperwork (invoices/etc) to process your payment. Many payments are delayed simply because vendors forget to submit the proper paperwork .

Sometimes, clients simply pay slowly and there is not much that you can do about it. This can wreak havoc on your cash flow and threaten the stability of the business. If this happens, you should consider invoice financing.

Invoice financing is an innovative form of business financing that provides an advance payment using your invoices as collateral. Invoice financing is a convenient alternative to business loans that offers substantial flexibility. Although not a cure all, invoice financing can help companies whose biggest problem is that they can’t afford to wait for their clients to pay.