Six Quick PRACTICAL Tips To Speed Up Payments

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Six Quick PRACTICAL Tips To Speed Up Payments

Just in time for Christmas!

*TIP #1 – Text Messages
If you’ve got a mobile phone, your debtor probably has one too. Send a text msg to them from a service like SMS-IT. It’s sent from your email, goes to their phone and their reply comes back to your email. You can send the same message to multiple debtors – 11cents (AU) per sms.

*TIP #2 – Remind them about an account payment BEFORE it’s due
One of the most successful ways to get accounts paid on time is to chase for payment BEFORE the due date!

*TIP #3 – If they can’t afford the full amount NEVER say “Well how much CAN you afford?”
Ask “How Much Are You Short?” – you will get more paid.

*TIP #4 – If you KNOW that they’re cash poor …
Go to your debtor with a payment arrangement that you would have accepted if they’d originally come to you with that offer.

*TIP #5 – this sentence in reminders – DOUBLES who replies/pays
We’ll phone you next week to see if we can be of any assistance.”

*TIP #6 – Use ‘bullet points’ in reminders
Easier to read, easier to write, more replies.

By | 2019-12-04T02:01:33+00:00 December 11th, 2018|Uncategorized|0 Comments

About the Author:

Have you ever wondered why a client does business with you and then ignores your invoice like they had no intention of paying it in the first place or they treat you like their own personal line of credit, leaving YOU dangling, waiting months for their payment? Unfortunately this situation is all too common and can even be puzzling for the most experienced business owner. If you’ve ever had to handle outstanding accounts or you are just so over non-payers, then we can help. Real-world skills, solutions, tips & strategies to get more accounts paid on time, and, most importantly, how to maintain customer goodwill while keeping YOUR cash flow in the positive. You will find the blog posts helpful but to get real results, contact us by using any of the forms on this site, by email or by phone. I’ve been involved in the management of accounts for over 30 years, heard every excuse in the book, can spot a non-payer at 20 paces. Finance Companies in the 70s (systematic, tough), professional firms in the 80s (no systems, too gentle) and, since then, just about every other sort of business you can think of. I’ve written books on the topic, spoken all over the place about it and the blog in this website is my way of “giving back”. I hope you find it helpful.

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