A new pair of shoes arrived with extravagantly long laces requiring shortening. Years ago, I found heatshrink tubing completely unequal to the task, so I deployed Real Metal:
The ferrules come from a kit of such things, minus their plastic strain relief:
That’s a fancy hexagonal crimper for round-ish results. If you have a square terminal block, you should use the square crimper that comes with the kit.
Worked perfectly and produced immediate customer satisfaction.