Pay your freelancers...

Out of context: Reply #21

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• monNom0

  I don't know all the ins and outs of it, but 'factoring' of invoices might make a lot of sense for freelancers. Essentialy you sell the debt(your invoice) at a discount to a factoring company, who then collects. You get maybe 80-90% of the invoice but you get it right away, and the factoring co. eats the bad debts. -- Sorts out your cash-flow, though reduces your ultimate profit.

  Not sure if you maybe need lots of billings to do it though.

  monNom 0Permalink

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