Featuring: Bryant Goodall
Written by: Soyeon Kim
Produced by: Lauryn Johnson & Brandon Paul Karlis
Directed & Edited by: Brandon Paul Karlis

Did you know that 93% of businesses experience late payments from clients?

A lot of businesses run on thin margins, so late payments can really hurt. Here’s how to get clients to pay on time.

Set terms in advance.

Be upfront with your clients about payments. Use a contract that spells everything out.

Include:
When you’ll invoice
When payments are due
How to pay you
Penalties for late payments

Contracts protect both your clients and you.

Require deposits from new clients.

Deposits protect you from flaky clients, and they also establish the payment method you’ll use moving forward.

If you feel like it’s asking too much, include a discount for early payment.

Make it easy for clients to pay.

The easier you make it for your clients to pay, the more likely they are to do it on time.

A few tips:
Offer online payments (from mobile too)
Allow credit card auto-payments
Send text or email reminders with a link to pay

Stop enduring late payments from your clients.

Check us out, at thryv.com, and watch more videos where we help you...

manage your time, communicate with customers, and get paid.

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