Are you looking for innovative approaches to simplify the payment operations of your pottery business and thereby increase your profitability? If yes, this blog will help you overcome the common payment challenges that you may be facing.
Let's begin by saying a bit about the pottery industry.
How Pottery Business Can Stay Competitive
Pottery business is one of the largest markets in the US. The size of the market in the US alone is $1.5 billion. This shows that if you are planning to start a pottery business, you are entering a field where the competition is really high. So, for you to build a position of yours, one thing you need to ensure is that your operation should be quite smooth. You should be able to provide services to your customers immediately. For this, all your equipment should be ready, and every required supplement like clay, packaging, and shipping materials should be available readily.
Accurate and timely payments to suppliers are the key to having smooth business operations. Checks are a reliable option, but the problem with them is if not used properly, they can be time-consuming and laborious. For instance, if you are using a traditional check payment method like ordering them from third parties and then manually entering details on it and finally sending them via mail, you are going to be in the bad books of your supplier, as most likely your payments won't reach them on time.
The next thing that may prevent you from having good terms with your suppliers is the possibility of payment not being received. Sometimes, you may have sent the checks, but they won't have reached your supplier. This happens mainly because most traditional methods won't offer tracking facilities, so you may not have any idea regarding where your payments have reached and whether they are headed in the right direction.
Now, let's see what you can do to solve these problems.
Online Check Mailing - The Easiest Solution
Online
check mailing from cloud-based platforms like Zil Money is one of the easiest solutions that you can have for your pottery business. With this feature, you don’t have to worry about doing everything manually, as the entire check mailing process can be automated. The feature, along with reducing your administrative burden, will also save you a lot of time and cost. You can invest the time and cost saved this way in something more important.
These platforms even allow you to automatically import checks from your accounting software. After that, you can customize these checks and then command the platform to do the rest of the process. Then, these platforms will print the customized checks, label them, and finally send them via mail. Cloud-based platforms like Zil Money use efficient mailing methods like USPS and FedEx.
The benefit of mailing checks via USPS or FedEx is that they offer tracking facilities. That is, you can have a complete picture of where your checks are going, where they have reached, and when they will reach their final destination. The different mailing features offered by USPS and FedEx take different time periods to reach your payee. You can choose the feature that best fits your needs.
Below are some of the mailing features available via USPS and FedEx and the number of days taken by them to reach your payee.
● USPS first class mailing - 1-5 business days
● USPS priority mailing - 1-3 business days
● USPS express mailing - 2 business day
● FedEx overnight mailing - Next business day
● FedEx Saturday - Saturday delivery
Make Instant Payments Easily
Cloud-based platforms like Zil Money also offer solutions for making instant payments. One among them is the eCheck feature, which allows you to send checks instantly via email or SMS. Your payee can print the check received and use it like any other regular check. A key highlight of using platforms like Zil Money for sending eCheck is that it sends your checks as one-time printable PDFs. This means you can have peace of mind knowing that nobody can fool you by tampering with the payment.With eChecks, businesses can not only expedite their payment processes but also enhance their security and reliability.
Conclusion
Pottery business owners can send their checks quickly to their suppliers to receive products immediately with cloud-based platforms like Zil Money. The online check mailing feature does the entire job on its own and allows you to focus on something important other than manually mailing checks. The multiple check-sending options via USPS and FedEx ensure that you have enough ways to send money on the exact date preferred by your supplier. And, the tracking feature passes the guesswork in payment, which means your payments stay within your hand, and you know exactly how and when the money gets deposited. eChecks makes sure that your money arrives at its destination immediately and with the highest level of safety.