ikenna44:
OP...I hope u find this helpful and timely as well...

U can't do business without selling on credit...especially fmcgS

My advice is:

Always collect a certain percentage at the point of sale. Eg: if u give a customer goods worth 100k, be sure to collect @ least 50k cash.

You have to have a fixed date as to when you will be coming for your balance.

You have to have d disposition of a no-nonsense person to be successful in business these days.

You still want to transact business with them and you don't want them to kill ur business with credit...so u need 2 work on ur interpersonal skills. Know when to chill and when to be blunt.

If possible mark ur own stock...if u go 2 collect and they start sayin "market is dull"...check to see if they still have ur stock...if they still do; u might have to give them sometime...

Ur interpersonal skills will be put to d test...so bring ur A-Game!

Cheers!

Thanks bro. I will definitely have your advice in mind

How many credit days do an fmcg distributor give an wholesaler in the open market? Is three days too short for wholesaler to pay up for goods (fruit juice) supplied to them in the market?