Collections Insider 

Your Collection Solution, LLC Newsletter
866-497-1006
Debt Collection Tips and Advice for Your Business
 
August  2007
In This Issue
8 Highly Effective Steps to Collect a Debt
10 Free Advertising Opportunities for your Business
This Month's Book Review

8 Highly Effective Steps to Collect a Debt 

Author, Jan Conte
 
In this article, I've listed eight highly effective techniques that successful businesses use to collect past due receivables before placing them with a collection agency.

1. Be prepared to discuss past due balance with debtor/customer

Be prepared when you make the call or speak to the debtor/customer in person. Have the debtors file or screen in front of you. If you sound or appear unprepared you will give the debtor/customer the impression that the balance due is unimportant to your office and the debtor will not take you seriously.

Read more...

10 Free Advertising Opportunities for your Business 

Author, Wendy Piersall, blogged at Entrepreneur.com
 

Most of the time, it is a wise investment to pay for great advertising. And although there are plenty of free advertising opportunities out there, it will only be as effective as your plan behind the advertising campaign.

But let's say you understand your target audience, you have a compelling product, offer or service, and you just need a little help on the budget side of things. In the online world, even the pros can't predict the outcome of a strong advertising campaign. Sometimes a change in wording or link color can increase clicks or purchases by 2-3%.

This Month's Book Review 
 
"Be a Sales Superstar" written by Brian Tracy
 

Recently I read "Be a Sales Superstar", written by Brian Tracy. It occurred to me about half way into this book that the Tracy's 21 Great Ways to Sell More, Faster, Easier in Tough Markets could apply to any and all professions, not just that of a "Salesperson".

Aren't we all sales people in one way or another? I run a collection agency. In order for me to get debtors to pay I have to sell them on the idea of paying my client versus another creditor. I have to make them feel that paying my client first is the right thing to do.

Tracy's 21 Great Ways include committing to your job, believing and feeling you are the best at what you do, building long term relationships, looking the part, behaving professionally always and handling responsibility and objections well. These are skills we all need to do our jobs well and to make more money doing them.

This book is a fast read and I guarantee a worthy one as well.

Jan Conte
Inspirational Quote of the Month

An investment in knowledge pays the best interest.

 

Benjamin Franklin

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Email Jan Conte at jan@yourcollectionsolution.com
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Welcome!
Jan Conte, President of Your Collection Solution, LLC
Jan Conte, President and owner of Your Collection Solution, LLC.
 
Our goal for each newsletter is to provide our clients and others with informative collection tips to keep their accounts receivables manageable.
 
We would like to thank all contributing authors who have taken the time to share their knowledge about various business topics. We hope that these articles are helpful to you as well.
 
Enjoy, and please feel free to email me with any suggestions. In addition, please feel free to forward this newsletter to co-workers, clients and friends.
 
 
Thank you!
 
Jan Conte, President
Your Collection Solution. LLC
 
1-866-497-1006
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Disclaimer Information:
The opinions of guest contributors are not necessarily the opinions of Your Collection Solution, LLC. The information in this newsletter is not to be perceived as legal advice.
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