Keeping the cash flow, you know, flowing with fulfillment services
The main idea behind fulfillment services is, of course, saving every dime and getting someone else to do all the heavy forklifting for you. However, it is very important to keep the cash flow going at a steady stream. Here’s a couple tips on how to keep that happening.
Remember to stay insured. If something happens outside your realm of control, you do not want to be held responsible. It’s not only embarrassing, it’s costly and could ruin your business. It has happened before and it will happen again – make sure it isn’t you.
PAY YOUR ARIZONA DISTRIBUTION CENTER AS SOON AS POSSIBLE. SOMETIMES, THEY WILL WANT TO BE PAID SOONER THAN WHEN YOU GET PAID. OBVIOUSLY, YOU MAY HAVE TO SELL YOUR PRODUCT BEFORE YOU CAN AFFORD TO PAY THEM. HOWEVER, IF THAT’S THE CASE, BUILD A STRONG LINE OF CREDIT WITH THEM AND KEEP YOUR PAYMENTS ON TIME. IF THEY ARE HAPPY WITH YOU AS A CUSTOMER, THEY ARE MORE LIKELY TO PROVIDE YOU SPECIAL FAVORS AND KEEP COSTS LOW. IT PAYS TO HAVE AN ARIZONA FULFILLMENT SERVICES CENTER WITH BENEFITS.
When using credit cards, ask how long it takes for the funds to be placed in your account after it is authorized. This can range to one day to 30 or more, which can put a huge strain on cash flow. There are also different rates depending on your business type – a retail company with signatures will have lower rates than a phone order because there’s less risk of a dispute. Research everything and be aware of what costs what.
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