So I was just talking to my accountant...
 

I was bitching to him about how much money I got stiffed on in the last 2 months. 2.5K ePassporte, 9K SOBV, 0.5K Adult Profit. He told me of all his clients I had the lowest bad debt to profit ratio by a mile. All his clients are regular offline businesses from tradesmen up. Doesn't make me feel much better about it but does put it in perspective. Online is risky but so is business in general.

Everybody knows that business in general is risky. 2ct.

Wow he is a good liar, better get a second opinion on that buddy.

Offline business usually requires a lot of investment before even starting the biz. So of course you are better off than they are.

:1orglaugh Ok that was funny.

So I was just browsing and I read this. At first I thought your accountant was probably right, but then in thinking about it for a minute, I realized that a "norm" business might have a higher bad debt ratio, but collection recovery is much more likely than the losses you incurred.

In general, a product based company who is owed money is owed from re-sellers (et al) who have a physical presence and can't fade off and disappear like they do here.