But, as businesses are struggling to grow and upgrade in this new normal economy, we have been getting many more requests for financing and terms.
To be honest, I swore never to get back into offering "Terms." When we were mostly electricians and electrical contractors, this proved disastrous. The one advantage of a online retail business is we get paid first.
But, we have been very successful recently and haven't got stuck with any bad debts, so maybe we will consider opening up the terms and financing arms...
The first rule of Terms Club is you dont talk about Terms Club. The second rule of Terms Club is you DO NOT talk about Terms Club
But I am violating the Rules, because I want people to know that we will consider it. Here are the real rules
- We will give Net n, where n is 30days minus your D&B Paydex score. If D&B says you pay in 30 days, you get 30days. If you pay in 35 days, its net 25, etc.
- We need the email address and phone number for the AP person that writes the checks. They must answer calls and respond to messages timely.
- Net means payment must be received by that date. 1 day over and you will NEVER get terms again.
- There is NO warranty on units until they have been paid.
