Has payment on delivery become the new norm for women’s fast fashion factories?

Posted by 22/10/2019 0 Comment(s) Industry Information,

With the development of the economy, some changes have taken place in the market. The market used to be dominated by products, but now it is more focused on products and services. The market is not a single market, product quality and quality of service determine the market.
 



The supplier or merchant gives the customer a period of time to pay, they will provide the customer with guidance on the template problem, within this period, the customer needs to pay to fulfil their commitment. In addition, the prices of fabrics, accessories, factory rents, freight rates, etc. have been rising since the beginning of this year. The clothing industry has entered the era of low profit. Most manufacturers and merchants in the market have become cautious. On some hot-selling products, payment on delivery has become the new normal trend.




Nowadays, everyone is reluctant to do business in arrears. One of the important reasons is that often the arrears are often lost in today's environment. Once a merchant encounters it, it is a loss-making business, or even a loss of their entire business.




Payment on delivery of goods encourages customers to carefully consider the purchase of varieties and quantities, and not make not random impulse purchases. Payment on delivery encourages customers sell their products with greater care. For example, if we purchased tickets to go to see a movie in the evening, and it starts raining heavily, you don’t want to go but you still will. However if you haven’t purchased your ticket yet you most likely wont go, because it doesn’t matter as you haven’t paid yet and there is no loss to you.



Payment on delivery can make the relationship better, because the cash customer must be the most cherished customer, the merchant will retain you with the greatest preferential strength and after-sales service; the customers who are credited are actually very good friends, but friends may not be able to make payment in the end.
 



At the beginning of giving a customer credit, they have already laid the groundwork for offending customers and losing customers in the future. How many partnerships have been changed from initial politeness, understanding support, trust, to final reminder, towing, hiding, turning face, confrontation, and trouble In the case of a lawsuit?


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