10 Tips to Get Your Customers Paying Faster

Your cash flow is important. The faster money comes in, the better off you are. Below are ten tips to get your customer paying faster. 

1.   Confirm the correct person received the invoice.
2.   Get to know your client’s payment schedule and adjust your billing date around their schedule.
3.   Send reminders one week before invoices are due every time.
4.   Send personalized thank you emails for on time/early payment.
5.   Send small, thoughtful gifts to your clients who pay on time or early.
6.   Institute penalties for paying late.
7.   If work is ongoing, send notice that work will be halted until payment is received.
8.   Avoid threats.
9.   Be politely persistent.
10.   Automate your invoicing.