Re:What to do when a client says they will pay on day x and ...
by JSeymourATL on Friday March 20, 2015 @05:44PM
(#9240852)
> What should I do?
Afraid that Slow Pay clients go with the territory. I've found that the bigger the client, the more likely to abuse (unintentionally of course) a small vendor partner. Typically blamed on bureaucracy, internal approvals, processing, new system, etc...
1) Keep Cool, play it like Fonzi. *Preserve the client relationship. Be friendly, but firm. "Hey, help me out on this."
3) Future Clients: Offer upfront payment and/or retainer discounts. You'll want to mark-up to keep your margins intact. But clients like discount deals. Bonus, you'll have their money in the bank.
Afraid that Slow Pay clients go with the territory. I've found that the bigger the client, the more likely to abuse (unintentionally of course) a small vendor partner. Typically blamed on bureaucracy, internal approvals, processing, new system, etc...
1) Keep Cool, play it like Fonzi. *Preserve the client relationship. Be friendly, but firm. "Hey, help me out on this."
2) Offer multiple payment options. Here are some ideas> http://smallbiztrends.com/2014/06/digital-payment-options-sm...
3) Future Clients: Offer upfront payment and/or retainer discounts. You'll want to mark-up to keep your margins intact. But clients like discount deals. Bonus, you'll have their money in the bank.