"You really can show your clients your desperation by your attitude.”
Key Moments
00:00 Current Trends in Business Billing
05:21 Contractor Trust and Prepayment
08:27 importance of Clear Payment Terms and Communication
09:57 Effective Communication with Late Payers
12:31 Importance of Professionalism in Billing
Connect with Will:
Book I Can’t Read: A Guide to Success Through Failure
Email: Will@willtalksbiz.com
LinkedIn: https://www.linkedin.com/william-manzanares
How Should Contractors Bill Clients
Setting up billing structures and clearly outlining payment terms in contracts can help avoid confusion or disputes down the line. If you have a business model like mine that relies on retail and speaker fees, take time to learn about different billing methods. As an experienced contractor, Cassie has spent time learning about methods to bills clients, particularly using platforms like Stripe for invoicing. It's not just about getting paid, but how you approach billing that matters.
Asking for upfront payments from clients is not uncommon. However, there are potential challenges associated with it. When contractors asking for significant upfront payments it impacts the trust being built with clients. Business owners should work on striking a balance between addressing financial security concerns and maintaining a client-friendly approach to payments.
Once you set up your system, communication is a key aspect of billing and client interactions. Maintain open and transparent communication throughout the billing process, especially when following up on late payments. Over-communicating about payment structures and potential late fees is a way to ensure clarity. When the inevitable late payment happens, try to approach them with grace and understanding.
We cannot stress enough the significance of transparency, communication, and understanding in the contractor-client billing relationship. Make sure to listen to the full episode for more on navigating the nuances of billing clients effectively.
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.