How do you get people to pay for something?

6 Hacks for Getting Clients to Pay You Faster Set payment expectations early and give gentle reminders. ... Follow up. ... Offer small incentives for quick payment. ... Send the invoice to the right person. ... Establish personal connections with clients. ... Think about the little things.

entrepreneur.com - 6 Hacks for Getting Clients to Pay You Faster - Entrepreneur

Why I can't accept myself?

Self-acceptance can be particularly hard if: your parents or caregivers didn't make you feel accepted. you've experienced trauma that affects the...

Last updated Jul 4, 2019

What is holy oil called?

Chrism, also called myrrh, myron, holy anointing oil, and consecrated oil, is a consecrated oil used in the Anglican, Assyrian, Catholic, Nordic...

Last updated Nov 1, 2019

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

Opinions expressed by Entrepreneur contributors are their own.

Getting your clients to pay you on time is a real hassle. After a sale, it is easy to think you did your job and just relax. Nothing is set in stone until the payment is final. Not getting your payment on time can be detrimental to your company. This is especially so if you need or were expecting that money to come within a certain timeframe. It is frustrating, and there is a fine line because often you are working with people who could be recurring, valuable customers. Therefore, it is critical to you find ways to get paid on time. Here are seven hacks to avoid the hassle and get paid faster:

1. Set payment expectations early and give gentle reminders.

From the onset, ensure that your clients know what their cost and payment schedule look like. You do not want to give them any reason for confusion or an excuse not to pay on time. Make it crystal clear when they need to pay by and how much they will need to pay. It will properly set their expectations to avoid surprises. Offering gentle reminders about an upcoming payment can continue to keep their expectations in check. They might not be prepared to pay if they signed their contract three months ago and forgot that their payment date was tomorrow. Instead, put the pieces in place to ensure, with total certainty, that they know how much they will owe and when they will owe it. Poor communication also sets a poor standard with your clients. It will give them the message that they can receive your services without having to pay on time. It is hard to change this precedent. Therefore, being consistent and straightforward from the very beginning will help you keep these payments coming.

Related: 25 Payment Tools for Small Businesses, Freelancers and Startups

2. Follow up

Do not hesitate to follow up after sending the invoice. Your clients are busy. They likely overlooked a payment if they did not make it. You can send friendly reminders to pay after a few days have gone by. No one minds a gentle follow-up as it demonstrates your ability to act professionally. I built my calendar app for this very reason. Follow up frequently till they pay. Streamline the payment process as much as possible. There are some awesome tools to help collect payments today. The less time it takes your customers to make the payment, the faster you will get paid and the less hassle you will deal with. It is worth the upfront investment to set up the right systems in order to get faster results. When possible, take the payment upfront, too. This way there will not even be an issue of getting them to pay. Today, people are more comfortable paying for a service before they see its full value in. Take advantage of that.

Is cinnamon good for a man?

Cinnamon is used in treating erectile dysfunction, a sexual disorder in males. Cinnamon is used in the treatment of muscular spasms and is ideal...

Last updated Oct 20, 2022

What country has the most millionaires?

United States. Topping the list of the world's most millionaires is the United States, which currently has 24.5 million millionaires—or 39% of the...

Last updated Sep 27, 2020

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

Related: The 5 Best Payroll Options for Small Businesses

3. Offer small incentives for quick payment.

Offering incentives for quick payments will speed up the process and build customer loyalty. Customers know they are going to have to pay at some point. If they know that making the payment immediately will give them an additional benefit, then they will often do so. You can even form these incentives around your product or services. It could be sending company stickers, access to an additional feature, or a free week of service. This will reward them for paying on time and give them further reason to continue coming back. Related: 8 Tips for Setting Up a Killer Invoicing System That Always Gets You Paid

4. Send the invoice to the right person.

At larger companies, it is crucial that you send the invoice to the right person. When your clients are originally agreeing to pay, make sure they know how that payment will take place. It takes two minutes to discuss who will be making the payment, and it will save you significant stress on the back end.

Related: 15 Surprising Benefits of Mobile Invoicing

5. Establish personal connections with clients.

You might not always have the bandwidth to do this, but getting to know your clients will give you a much easier route to payment collection. In the case that someone has not paid, you will feel more comfortable asking them. It is easier to send a quick reminder to someone that you know than it is when you feel like you have to be more formal. Personal connections with your clients will ensure you get your money faster.

Related: Payments Are Moving Into the Environment Around Us. Is Your Business Following?

6. Think about the little things.

There are a variety of small factors that add up to improve the speed in which you receive payments. Think about the time of day that you are sending the invoices out, the styling of the invoices and the actual content within them. You can streamline the process with a clean and concise invoice. Make it visually appealing and include descriptions of what they are paying for. The process will slow down if you make mistakes. Instead, take the extra time to make sure that everything looks as it should.

entrepreneur.com - 6 Hacks for Getting Clients to Pay You Faster - Entrepreneur

What do snakes hate?

Ammonia is a common snake repellent. Snakes hate the smell of ammonia and won't come near it. Soak rags in ammonia and place them in unsealed...

Last updated Mar 23, 2020

How do you do the money in the lemon trick?

A common method is to tear the original card into sixths or eighths, give one piece to the audience member to hold as a "receipt," and vanish the...

Last updated May 10, 2018

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

Which zodiac is the powerful?

The 5 most powerful zodiac signs are Taurus, Leo, Scorpio, Sagittarius and Capricorn. Even if your zodiac sign doesn't rank in the top five, you...

Last updated Mar 17, 2019

Awaken your dormant DNA ability to attract wealth effortlessly

The simple yet scientifically proven Wealth DNA method laid out in the report allows you to effortlessly start attracting the wealth and abundance you deserve.

Learn More »

Promotion

What color represents luck?

Red is a popular color in Chinese culture, symbolizing luck, joy, and happiness. Jul 24, 2017

Last updated Sep 21, 2018