In this business advice post for Purple Clover, I share three strategies for consultants, freelancers, and entrepreneurs to get clients who pay:
A Bureau of Labor statistic shows that by 2020, 40% of the workforce will be temporary. You probably already know someone who is a consultant or freelancer, and you may be one yourself. When you earn your salary project-by-project, it is critical that you get paid what you are owed in a timely manner. If you’re finding it difficult to collect, here are three strategies to follow:
Make collection a part of the process from the beginning.
Ask for a deposit. Charge a registration fee. The easiest way to avoid late payments is to make payment the first step in working with you. If you need to get started before money changes hands, ask early and ask often about getting paid. If you work onsite at the client’s office, ask to meet with accounts payable when you’re introduced to everyone else. Don’t wait till the end of a project before collecting on your fee.
Read two more strategies at Purple Clover: How To Stop Attracting Deadbeat Clients.