Clients Paying
Clients Paying
Out of context: Reply #9
- Started
- Last post
- 20 Responses
- iFDL0
Its a tricky one. Here's what you do from now on. Build into your contract a 30 day pay period with a 5% increase in fees for every 15 days that the account goes past due. Make them sign to it, and show ACTUAL price increases so they can see how much more they pay if they're late. Your credit card company has late charges... so should you.
Next, another option is to get 3 checks on the onset. Have them post date the checks to 30 days past preset milestones. That way, you're paid... but you can't cash them until you would have been paid anyway.
Finally... stop working with that client. I give all clients 2 chances. Past that... its 100% upfront, or no work.
Happy new year.