Being paid, just as you would understand is essentially fundamental at your business because if you are not paid, why are you in business?
You might be laughing at the heaps of business people who let their customer base to make payment when and if they feel like it. I know of a trader who always collects bad debts like trophies. Why, do you think? Just because he can’t bring himself to take the cash and people overpower him.
If you permit somebody credit, do so only because they proved themselves to you by paying cash on delivery (COD) for some period of time. Furthermore, you must see whether they have the cash to pay you - if they don’t then you should not do business with them. Don’t push yourself into the pattern of “I need the work” or “I need the sales”. It’s pointless to do the job or providing the goods for free if you are not paid.
If you are the sort of person who can’t request the money even after the service has been finished, try these hints:
Tell your client that when the job is finished, you need cash or cheque. They will be likely to have it there at completion and you won’t need to demand your fee.
When you send the initial quote, be sure your payment terms are plain.
Complete an invoice including the terms of payment clearly stated and send the customer the invoice when the work is finished. They should see the invoice and generally know they need to pay the fee now without you being required to say a word. Make up a “cruel boss” who will torture you alive if you don’t return with the payment for the service.
Organise your bank branch to set you up with Merchant facilities so you can use credit cards including Mastercard and Visa. The majority of people use credit cards and it will cease the issue of the customer not owning a cheque book or not having the right amount of cash at the time.
Moreover, don’t be frightened to keep any goods til after the payment has been made. Understand, until the goods are paid for, the goods still are yours.
If you decide to give somebody credit, be sure you have taken the following information from them a week PREVIOUSLY you allow them credit.
After you take all this information, contact the banking institution and make for certain that they use an account with them. Then, contact every trade reference and request if they pay their invoices correctly or if they have had any dilemmas with them.
Most people will be willing to tell you if the person is troublesome. If everything is OK, allow them a moderate level of debt, say no more than $500 (depending on your business). Monitor the operation of the account for a few months before allowing this amount to be exceeded.
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Tags: brisbane seo, seo brisbane, seo prices, web design brisbaneMay 25th, 2010UncategorizedRead More >No Comments
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