Vita’s Tip in 10 with Vita Vygovska: How Much To Collect As A Deposit?
Today with Vita Vygovska:
Welcome to Window Treatments for Profit. In today’s episode, Vita discusses the importance of deposits for window treatment businesses. She shares her experience and reasoning behind choosing 50% as the ideal deposit percentage for her projects. Also, she also explains why 25% is too low and why 75% is a viable option for some businesses.
Vita’s Ah-Ha Moments:
“The minimum deposit should at least cover your costs associated with fulfilling the project.” -Vita
“Financially, collecting 75% makes perfect sense. Why leave money on the table when you could have it working for you?” -Vita
“After completing a project, I want to feel that the income I’m collecting on the back end is essentially pure profit.” -Vita
More About Vita Vygovska:
Vitalia Vygovska (Vita for short!), CWFP, MBA, is an award-winning window treatment specialist, author, speaker, and the LuAnn University instructor for Systems Driven Operations.
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