What are some advantages of selling goods on credit?
submitted by noella

Arnold

It may be a competitive advantage to competitors who sell only for cash.

Kim

It encourages people to buy more as they don't have to pay straight away.

Nji Bernard

It increases sales as because people dont feel the pain in buying such products

sherry

it enables people to sell more than what they have hence earning more money.

pettty

provides a tool for competitiveness

UWIZEYE jamvier J.M

It encourages the consumer to purchases goods without paying, because it will be paid at a future date. It's easier for the consumer.

Lazaro Tarzon

It increases sales of that commodity

Gezzelle

To increase sales and income for your business. More people will buy this way.

juliet

more sales(and income)on the business

priska oliv

They do it in order to attract more potential buyers, hence more income.

Daiana

It's convenient for customers, and the owners get extra money for selling on credit.

Jack Prince Maabane

To bring more customers

George

It makes things easy for people

audrey

The more you delay the payment, the more the business's intrest increase.

Stubborn Guy

In areas where there is a shortage of cash, many people prefer buying from shops that accept credit.

Heather

Generally, selling on credit means the seller can charge interest. This means more money for the seller, assuming the buyer pays off the debt.

Siphesihle cele

It will attract more people into coming to your store.

roo

It encourages customers to increase the amount of their spending. If they don't have to pay for it now, they aren't as concerned about the cost. Just look at how much money people spend on houses.

Wampamba

It increases the rate of sales turnover

cathy

It used as a marketing tool

Preston D Khumbula

Its outsmarts the contemporary businesses not offering credit sales. Hence, it's an added competition tool.

Aneya

Enables Disposing Off Slow Moving Goods

Daniel O Eric

It enables the business to get rid of the old stock in the business.

Prazmar

It prevents loss.

asif bhatti

It's also used to manage the inventory of products and maintain stock capacity.

M. Valentine

To do away with slow moving inventory and also same inventory that may go bad easily or expires

enoch emmanuel

to help people that have no money

emmilisha

Selling goods on credits creates a trade relationship within and abroad.

twamubwine isaac papa

selling on credit helps the entrepreneurs to dispose off stock before it expires and also before stock gets out of customer's preference.

James Odhiambo

- I creats good customer relations.
- I enhances the sellers reputation among his buyers.
- It help to glue customers to the business hence an effective competion tool.

Mukiibi

It leads to brand loyalty