Small Business Invoices – How to Get Paid Fast
Are your clients a little (or a lot) slow when it comes to paying their invoices? 😬 While you can’t pull out their credit card for them, there’s some things you can do in your invoicing process to increase your chances of getting paid – and even increase the speed of the payment! Here are 5 simple tips on how to do it: (𝟭) 𝗠𝗔𝗞𝗘 𝗬𝗢𝗨𝗥 𝗜𝗡𝗩𝗢𝗜𝗖𝗘 𝗧𝗘𝗥𝗠𝗦 𝗘𝗔𝗦𝗬 𝗧𝗢 𝗨𝗡𝗗𝗘𝗥𝗦𝗧𝗔𝗡𝗗. You may know that putting “CIA” on your invoices means “cash in advance” … but your client may read that and think “… Central Intelligence Agency…??” Make sure your terms – both for payment period AND late fees! – are (literally) spelled out on every invoice. (𝟮) 𝗦𝗛𝗢𝗥𝗧𝗘𝗡 𝗬𝗢𝗨𝗥 𝗣𝗔𝗬𝗠𝗘𝗡𝗧 𝗣𝗘𝗥𝗜𝗢𝗗. Stats show that if you give more clients more time to pay – like 30 or 90 days – they’ll take it! So, logically, if you ask for payment sooner, you’ll receive payment faster.
