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Struggling with cash flow.

Asked 2 years ago

Hi all I'm in desperate need of tips on improving cash flow. I run several online retail stores and although sales aren't an issue, I'm finding that I'm having to chase up clients on late payments. I offer buy now pay later as an option for many products which I suspect is helping sales but hindering cash flow. Wondering if I should stop offering this as a payment option. What do you think?

Cash flow Payment method Lost revenue Revenue growth

+1

Jolina Regin

Monday, February 13, 2023

Consider restrategizing your buy now pay later arrangements and increase the number of deposits to increase cash flow. Market your products to increase revenue thus increasing the number of deposits and installments. You can also charge your buy now pay later provider if it charges high fees.

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