8. Finding &
Dealing With Suppliers
179
Paying suppliers
So you’ve hunted down a great supplier,
chatted on the phone, sealed the deal,
and are ready to join forces. You should be aware of how suppliers will take
payment so there will be no hitches when it comes time to pay.
Credit card.
In Chapter 5, I recommended getting a
credit card exclusively for
business use, and this is one of the biggest reasons to do so. Nearly every
wholesaler will accept credit card payment, and it’s easily
the most convenient way
to pay.
The nice thing is that you’ll have few out-of-pocket expenses because you’ll be
paying the supplier for orders that customers have already placed. This makes it
super easy to rack up lots of rewards and/or frequent flier miles.
Credit cards are also fast and secure. Many suppliers will have
your CC number on file and simply charge you when you place an
order, which makes the process straightforward and painless.
PayPal.
While not every supplier will accept PayPal, many do since it’s become
so ubiquitous. This is also an extremely
convenient way to pay, but there are
always fees when dealing with PayPal, which is why it’s not always the best choice.
Generally
speaking, a credit card is better, but there are some situations in which
PayPal might win out. You’ll have to research both options and see which one is
right for you.
If you’re in doubt, go with a credit card. You can get tons of
Do'stlaringiz bilan baham: