How many days should I give customers to pay their bill?

John Bilicki III Able to dramatically improve the entire landscape of the web with the right business connections.

July 7th, 2017

I'm in the starting phase of my business and I realize that not everyone has the money they need for their bills immediately. Generally speaking how many days should I give my customers to pay their bill? What are the issues with too long or short of a period? If answering what is the context of your business (as each industry may have different standards).

Craig Rich Cofounder at ThreeDotZero Studios, LLC. Prior CMO/CIO/CPO at WDS, a Xerox Company.

July 10th, 2017

Largely it depends on what you are selling, what supplier agreements you already have in place, and how your cashflow looks.

Emil Halili Training & Development | Social Media Marketing | Affiliate Program | Outsourcing-Offshoring

July 11th, 2017

Hi John, I am currently in auto parts niche and had that problem with a few customers under terms. you may want to check this out, hope this could help : ,

Anant Haran

Last updated on July 21st, 2017

It dependedepends from industry to industry....if your in FMCG then mostly no credit in followed or if your in industrial supply then 6 to 8 credit is given....but my suggestion is to always go for NO CREDIT , As you will need to keep running your business ...and the fund will not be available at initial stage of business ...then this no credit policy will help to puraches goods faster ..rather then investing too much money in

Yanfeng Lee CEO of an independent advertising agency and co-founder in a shopper marketing and digital agency

Last updated on August 15th, 2017

credit worthiness, size of the credit amount, past experience paying on time, cashflow all account for the final decision.

ive given fortune 500 companies 200 days credit on 6 figure sums and also COD terms on Low thousands depending on the above.

most importantly, you need to be confident of collecting, otherwise you're just giving yourself more time to write off the bill for work done and no money at the end.