I'LL TAKE IT! .....pm sent.
...hold yer breath... it's coming..... wait for it... wait for it.....
That sucks, brother. Ed is right about how the current economy has made business transactions unstable. You have to look at it from both sides, though. Folks are struggling these days and the ones that feel safe at the moment can have the bottom drop out at anytime. You have to find a way to deal with it so it has less impact on what you do and how you carry yourself. If your customers are unstable, there is not much you can do. You may lose potential business by demanding non-refundable down payments. I had to change the way I thought rather than the way I did business...
Aside from those strict specific custom orders (which I rarely take, anymore) I don't ask for any money upfront and I don't give delivery dates. I make the piece to sell regardless of whether the initial request is followed through or not. If I call the customer and they indeed purchase the piece, that is a bonus. In fact, I have on occasion, been rather happy that it didn't go through as planned because it allowed me to present the piece to a dealer or post it on the various forums. Few people ever see my blades when a deal goes smoothly. I drum up quite a bit of sales from unexpected "drop-outs".
When it comes to the sale threads... you have to approach that differently. Until I get that PM from the member I post "Still Available pending PM." The way I see it if the member posts in the sale thread, they can sure as hell post a PM or send an email within a reasonable amount of time. If I do get a PM and they agree to take it, I will post "Payment Pending" or "Sold Pending Funds". It isn't until I receive payment that I post "SOLD". I don't like it when someone posts "I'll take it." or "PM sent." and then sends a message that they need to allocate funds.... grrrrrrrr.... Allocate BEFORE chiming in on my thread. Those kind of posts throw off potential buyers who are ready NOW.
In a nutshell, protect yourself from potential disappointment by approaching every transaction with a broad view of reality....
- the economy can change.
- the customer's personal situation can change.
- your personal situation can change.
- you have little control.
- the customer has little control.
- people are for the most part, honest (or want to be).
Whether the deal went South for genuine or less-than-admirable circumstances, if you are able to disconnect and reallocate your efforts without emotional strain... you will be better for it. I have had "lost" customers come back several months later, telling me that they are in a better position, now (financially) and didn't forget how understanding I was when they canceled their original order... that's good business, to me.