Updated on: Oct 1st, 2021
3 min read
A business quotation plays a very important role in gaining more business for the organisation. It is representative of what the organisation offers to its clients. Business quotations should be drafted in a simple and understandable format to receive a quick response from clients.
Evaluating the potential client’s requirements is very important to grow a business. If you exactly know what a customer needs and whether they are ready to buy or not, you can write a perfect quote to suit their requirements. Consider the below points before drafting a quote:
Quotation plays a vital role in increasing the sales of the organisation. Before sending quotes, one should understand the customer’s needs. It is challenging to receive an order if you don’t understand the customer’s needs fully.
Follow the steps below to send a quotation:
After receipt of a quotation by the prospective buyer from the seller, he can go through all the required details and decide. If the buyer is satisfied with the pricing and payment terms, he may place an order. The buyer will issue a purchase order specifying the goods’ description, quantity, price, and other terms.
After the seller accepts a purchase order, it becomes a legally binding document as a contract is formed between two parties. Purchase orders help the buyer to specify his purchase request to the seller.