Best Debt Collection Practices for Pest Control Businesses

Best Debt Collection Practices for Pest Control Businesses

Debt collection is the last thing you have time to worry about.

Past due debt collection shouldn’t be bugging you. As a small business owner, you’ve got enough to worry about with marketing, staffing, equipment maintenance, and so much more.

But one of the biggest worries you’ll probably face is debt collection. Small pest control companies are competing against some very large players in the market. Running in the red due to past due accounts receivables is an unwelcome proposition.

This article will look at how any small and mid-sized pest control company struggling with past due accounts can use Rocket Receivables to help them eradicate slow-paying clients.

Debt Collection 

We know a few things about the small pest control company:

  • They typically write-off much of their past due collections as a loss.
  • They are more likely to go out of business than their big company competitors.
  • Cash flow is very tight the first few years.
  • They will be more likely to go into debt for their initial capital expenditures of vehicles or spraying equipment.
  • They don’t have enough time in the day to get everything done.

Margins for these companies range from 20 to 40 percent, which makes even a 5% return on past due debt collection important. Yet debt collection is certainly something you probably don’t consider when going into business. Whatever small team you’ve assembled to do the administrative work for your company is probably already stretched thin; it’s unlikely that they’ll have a lot of experience in how to go after past-due clients.

In the past, debt collection was typically written-off as a loss. Not anymore.

These are some of the reasons why each year small and mid-sized pest control companies lose millions in past due accounts. In the past, the options have been:

  • Write the accounts off as a loss.
  • Struggle to do-it-yourself.
  • Pay big collection fees to hire a professional.

Each of these options is undesirable and has traditionally yielded a mixed result.

Today, there’s a new online alternative: Rocket Receivables.

Benefits of Rocket Receivables for Pest Control Companies

Rocket Receivables was created with the small to mid-sized business owner in mind. We knew there weren’t a lot of choices for debt collection for these hard-working entrepreneurs. In creating Rocket Receivables, we wanted to offer an affordable, proven debt collection tool that anyone could leverage to improve their bottom line. Rocket Receivables is accessible from any digital device 24/7, offering a way for you to pursue a proven debt collection strategy while also giving your customers a way to make payments at their convenience. Our online portal is easy-to-use and has been proven effective – it even comes with a guarantee: Our Stage One collections process will yield twice the dollar amount spent – period.

Rocket Receivables’ low, fixed rate fees make us a smart, fast, and affordable solution to handle your debt collection.


If you’re a small or mid-sized pest control company, you now have options for debt collection that make sense. There’s no reason to struggle with debt collection. Now you have the Rocket Receivables. Click here to buy now.

 

By |2018-11-28T14:55:11+00:00November 28th, 2018|Categories: Debt Recovery & Collections|Tags: , |