Rule One of Business: Get Paid

To be paid, just as you would realise is essentially crucial in your business because if you aren’t paid, why are you in business?

You might be astounded at the loads of business people who permit their clientele to make payment when and if they get around to it. I know of a tradesman who repeatedly holds bad debts like weeds. Why? Simply because he can’t bring himself to ask for the money and people just intimidate him.

If you let somebody credit, do so only because they have proven their integrity to you by paying cash on delivery (COD) for some period of time. Furthermore, you should see whether they have the cash to pay you - if they don’t then don’t do business with them. Don’t push yourself into the pattern of “I need the work” or “I need the sales”. It’s pointless doing the job or providing the goods for nothing if you are not getting paid.

If you are the sort of person who can’t ask for the payment even when the job has been done, try these ideas:
Tell your customer that when the job is finished up, you require cash or cheque. They will probably have it on them at at the finish date and you will not need to ask for your payment.

When you send your quote, make sure your payment terms are simple.

Complete an invoice including the terms of payment evidently printed and send the customer the invoice when the task is finished up. They should see the invoice and generally know they need to pay the fee now without you having to say a word. Fabricate a “nasty boss” who might flay you alive if you don’t return with the payment for the job.

Set up your bank to set you up with Merchant facilities so you can take credit cards such as Mastercard and Visa. The large majority of people utilize credit cards and it could cease the issue of the customer not having a cheque book or not having the cash in their wallet.

As another option, don’t be afraid to hand over any goods til after payment has been made. Understand, until the goods have been paid for, the goods remain yours.

If you choose to allow a client credit, be sure you have got the following contact information of them at a point BEFORE you permit them credit.

• Name
• Address
• Phone number
• Bank name and address
• Account no.
• 3 trade references with their names, addresses and phone numbers

After you have all this detail, ring the bank branch and make certain that they do operate an account at there. Then, ring all of the trade reference and request if they pay their invoices correctly or if there are 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.

If you’re looking for a Brisbane web design company or Brisbane SEO company, talk to Search Tempo. Check out their SEO prices today.