late payments

  • Three things to include in your Terms & Conditions: Podcast

    If Terms & Conditions are on your Boring Admin List, I’ve got a podcast (and a free template) for you! Terms and Conditions are a vital part of the freelance relationship with a client – they set the standard, and back you up if you have to refer to something in the future (e.g. late payers). In this five minute episode of The Freelancer’s Teabreak, I discuss what you need to include and why.

    Want the free template? It’s over here! 

    How to listen to The Freelancer’s Teabreak podcast

    I now have four ways you can catch the podcast!

    Right here on the blog:

    Through iTunes

    Through Spotify

    Through my YouTube channel

  • Brilliant apps and tools to try in February: Podcast

    Regular readers will know I’m a huge fan of tech, tools and apps for having a more efficient, productive and fun freelance life. This week, I’ve recorded a podcast sharing three of my current favourites, from one that makes the most of your Facebook Lives and podcasts, to one to plan out your Instagram feed. In fact, the first tool I mention is the one I use to create a video of my podcast, which you can see below, with just one click!

    How to listen to The Freelancer’s Teabreak podcast

    I now have three ways you can catch the podcast! Through iTunes Through Spotify Through my YouTube channel

    TL:DR?

    Grab your phone, it’s time to up your app game!

    (Some of these links are affiliate links, but I only recommend tools I use, and I pay for all of these)

    Which apps are rocking your freelance life at the moment?

  • Three ways to speed up invoice payments: Podcast

    invoice

    The podcast is back for 2018! I’ve missed recording these little snippets you can listen to while you’re waiting for the kettle to boil, and this episode is one that’s particularly important for freelancers – invoice payments. How can we speed them up, deal with the late payers and reduce the stress of waiting to be paid? I’ve got three tips up my sleeve for you!

    How to listen to The Freelancer’s Teabreak podcast

    I now have three ways you can catch the podcast!

    Through iTunes

    Through Spotify

    Through my YouTube channel

    Can’t listen to the audio right now? Here’s the TL;DR (or should it be TL;DL?) version:

    • Late Payment Fees – the stick approach of charging clients who have gone past the payment deadline without making a payment
    • Early payment discount – the carrot approach of offering a small incentive (say, 4% discount off their next invoice) if they pay within a certain timeframe. This works best for me with big clients who tend to have very long payment terms, unless you offer some form of incentive to pay earlier
    • Go Cardless Direct Debit – You can now set up direct debits for clients through Go Cardless. This is particularly beneficial if they have the same amount to pay each month. Setting up the direct debit means you know your fee will be paid on a predictable date, and if they’re unhappy about setting one up it could highlight a potential bad payer.

    If you’re looking for a template for the late payment fees and early payment discounts, I have one in the Freelance Lifestash!

    Crunch Chorus also have some handy templates if you do have to chase payments.

    Do you have any methods for speeding up payments?

  • The Freelance Lifestyle Tea Break Challenge: Get paid faster!

    This week’s Freelance Lifestyle Tea Break Challenge is about something a lot of freelancers worry about. We spend hours trying to deal with it. It’s one of the biggest problems freelancer face. It makes us envious of those that get a set payday every month.

    Late payments from clients.

    Chasing clients for payments is one of the most frustrating parts of being freelance. Chances are, you’ve heard a dozen different excuses as to why a client doesn’t pay on time.

    But there are two steps you can take to either improve the speed of their payment, or discourage late payers. When I put these two steps into place, 60% of my clients started paying my invoices within one week of receiving the invoice. These were clients that previously avoided paying my invoices within 30 days – so this made a big difference to my business.

    Want to know what those two steps are? Check out this week’s three-minute, Freelance Lifestyle Tea Break Challenge

    Do  you use these two steps? What results have you seen?