Dell Inc., formerly PC’s Limited (1984–88) and Dell Computer Corporation (1988–2003), global company that designs, develops, and manufactures personal computers (PCs) and a variety of computer-related products. The company is one of the world’s leading suppliers of PCs. Dell is headquartered in Round Rock, Texas.
In 2003, I had just brought on a division of General Electric on Board and was resolving already around 150K per month for Wall-Street Journal.
From working for the #1 Agency for 2 yrs. I, understood a system we put in place that was 88.7% effective: (Accounts net 30 send a reminder @ 15 day's. (Before AI was even thought of.)
THE PROCESSES:
Balance Under $1500.00 (Letter Series) Today: Text & E-mail Reminder
Balance Over $1500.00 (DTO) Our Secret after 45 day's (Letter Series)
Pending Response, we employed our network of over 12K private investigators (Custom to every claim) Meet Face-Face (Effective than Calls & Demand Letters)(No disrespect for Attorneys)
Pending response(3) (Credit Reporting: Avg; 25-30 point drop
But, don't be fooled. Everything goes in cycles we are always in for the long haul, but you must iron out the processes, have patience, never ever loose your cool and bottom-line turn the table.
Most haven't learned the needed skills.
Nobody should do business without truly knowing they're client(s). Take former day trader and mass murderer Mark Barton as an example. In 1999 in Atlanta he lost his life savings and inheritance through day trading. His lack of skills sent him over the edge and he would go on to kill 12 people, including his wife and children.
An extreme example, yes, but it's just one of the many examples of failed business people who tried to take on something they weren't qualified for.
That's why I coach; to help novices learn our craft. I never advocate just jumping in and picking it up as you go.
Your mistake is not having goals for having a strategy.
(This is a Long Way to Come to have a Short Conversation)
So, subscribe, share this channel and together, let’s take the recovery world to its next chapter! Please Like & Share"
Here are your four of the most common mistakes destroying your process, and what you can do about them.
Not updating your database regularly. Far too many payments are not collected because the invoices went to the wrong address or the business was sold and someone new is handling payables.
Collection mistakes made through the fault of your company should be easy to correct by establishing a smooth process for updating all contact information.
Failing to address problems early on. Often, it becomes evident that either payments are routinely late or that you need to be aggressive to collect from a specific account. In these instances, you should address the situation early on.
Perhaps another payment schedule will make it easier to receive payments on time. Don’t ignore such problems in the making.
Accepting the runaround. It’s very easy in business today to avoid calls, emails, and other means of communications. Don’t allow a company to give you the runaround.
Be persistent and reach the person with whom you need to discuss outstanding payment.Now I know what you're thinking. You think you have a strategy, so you don't need to worry. But, the truth is that we have 30+ yrs and have resolved thousands of claims with proven business strategies, bottom-line we get results.
Let's say you decide you want to give them a little more time! Keep in mind It only takes 24hrs.& $500 to go out of Business. 80% of Something Always Beat 100% of NOTHING.
We Are Account Recovery Experts, Specializing in Putting People First!
Are Ready to Resolve Your Bad Clients?
Book a quick introductory meeting with one of our experts, don't delay get in touch today.
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