Let’s face it: the reason you work is to make the money needed to support your life. So, when clients don’t pay you on time or at all, that’s a huge problem. There are some steps you can take to make sure late payments are a thing of the past. Here’s how to get paid promptly.
Invoice Right Away
When working to make sure that you receive payment in a timely manner, you can take a bit of the responsibility on yourself. If you’re not prompt in your invoicing, your client can’t be prompt in their payments. Organization is key. Make sure you have a calendar that is up to date and meaningful to your routine. Schedule payment dates ahead of time for each project and make it a habit to check your calendar every morning. That way you’re aware of upcoming important dates and can communicate that to your team and your clients. Smart devices can make sure that you have an alert to particular due dates. When you’re aware, you can make your clients more aware. When they’ve been reminded of due dates, clients can be more prompt with their payments.
In the interest of invoicing promptly, you should consider utilizing some of the modern technological tools at your disposal. Here’s some information about some of the best apps for contractor businesses that you can use to organize your business and potentially invoice digitally. Sending your clients a digital invoice means that you can send it almost instantly. Digital paperwork also makes it easier to keep up with your invoicing and send reminders to your clients. Digital invoicing can help your clients pay you on time.
Offer a Discount
Another way to help ensure that you get payment promptly is to incentivize your clients. Consider offering discounts to clients who pay in a timely manner. Everyone loves to feel like they’re getting a great deal on a product or service, and you can actually offer that to your clients. Offer the best deals to those clients who pay in a timely manner. Consider a certain percentage off your services for payment within 30 days of invoicing. Your clients get a deal, and you get your money. That’s a win-win.
Partner with HFS Financial
Honestly, one of the best ways to get paid promptly is to partner with HFS Financial to offer the best contractor financing for customers. HFS Financial offers 100% financing up front, so there’s no waiting around for money from your client or any stage funding to worry about. You know the funds are there, and you know you’ll get paid. There’s a lot to say for that kind of certainty, so you can’t go wrong if you’re considering offering contractor financing.
If you’ve ever found yourself saying, “How do I offer financing to my customers?”, we’ve got you covered. Partner with HFS Financial today, so you can ensure timely payment and the best contractor financing. It’s the easiest decision you’ll make when it comes to your contracting business. Simply contact us to start today, and we can connect your clients with financing right away. With HFS Financial, “You Dream It, We Finance It.”