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Making Sure You Get Paid

  • 22-01-2009 9:18pm
    #1
    Closed Accounts Posts: 31


    Hi Guys,


    just wondering what steps you can take to make sure you get paid without annoying/pushing away your clients.

    I provide a serivce to people I never meet face to face. I would email/talk on the phone and only once in a blue moon meet the client in person.

    I can't really look for a deposit because
    • Once off service( little repeat custom)
    • They probally wouldnt trust me.
    • My service might need to change/ be change by client
    • Can never give an exact quote because i need to engage other services before final product is completed
    Once I have finished i email them the final product and post them the invoice. ( which would be only €350-€700)

    I havent got cought out yet but the way things are at the minute ...

    Any advice


Comments

  • Registered Users, Registered Users 2 Posts: 1,835 ✭✭✭CamperMan


    what service do you provide?


  • Registered Users, Registered Users 2 Posts: 3,267 ✭✭✭DubTony


    My brother uses these guys. They offer quite a few services including bad debt protection. I don't really know how it operates, but they might be worth a look.

    http://www.bibbyfinancialservices.com


  • Closed Accounts Posts: 112 ✭✭VO


    Outsource your debt collection to a virtual office provider


  • Registered Users, Registered Users 2 Posts: 372 ✭✭Lplated


    For a start I think you should re consider the deposit question - its not that unusual in the business world, by the way you describe your business it seems like theres a time lag between order and delivery in which case i would see a deposit as natural.

    Personally, i don't think a debt collection agency is a good thing, except in the most extreme cases. If some one owes you a debt, call them a few times, send a few (registered) letters, if the still dont pay up, then engage a solicitor (legal debt collection includes the cost of the collection).

    If un paid debts become an issue, you might relook at your pricing strategy to ensure the risk of non-payment is included.


  • Registered Users, Registered Users 2 Posts: 372 ✭✭Lplated


    I missed the obvious - even if you don't want to take a deposit - don't send out the finished product until you've got a set % (or all) of the price in hand.


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