Offer a Discount or Have Strategic Sales

Some businesses will give a customer a discount if they pay their bill before the due date. I have seen a discount of 2% if the bill is paid in ten days. This is a discount anyone should take because that is an interest rate of 6% a month, a good deal. How does this help you make more money, though? Are you attracting a customer who would not normally be interested in your product or service, because you offer a…

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Debi Peverill has been advising business owners and others for more than 40 years. She writes in and easy to understand and frequently humourous manner. She became a Chartered Accountant way back in 1980 and started her own public accounting firm in 1988. She knows lots of stuff.