Offer Credit to Increase Profits

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One option when you are trying to increase your sales, is to offer credit to your customers. If you already offer credit, then you might consider lengthening your terms. If people used to have 30 days to pay, if you then offer them 45 days, will they buy more.

This is the trade-off, if you can get people to buy something right now because they can pay for it later then you have a chance to increase sales…

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Debi Peverill
Tax and Financial Stuff You Need to Know

I am a Canadian Chartered Accountant who is very interested in helping people make money and keep it away from the government without breaking any rules.