Offer Credit to Increase Profits

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 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.