If you are doing some sort of business or work for collection department of a corporate firm, you should know the ways to collect your money, specially from the slow paying consumers! It is true that collecting money is not always pleasant. Very important it is to ensure money flowing so that you can stay in the business. Collecting money can sometimes also be tricky. Here are some tips…. 1. At the very beginning of signing any contract, you should make aware the other party of your rules, procedures and regulations about collection money. You should be professional about handling your customers so that they can understand that you are very strict to the rules of collecting money. You should clearly inform them about the due time for paying. You can also review previous profile or background related to their payment. 2. You can give them instant discount on cash payment. However you should inform customers about your discount plan while signing the c...