Make It Really Easy For Your Clients to Pay You

The Complete Personal Productivity Course - Business and Life Highly Productive People Are Often Freelancers for at Least Part of Their Career - II
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Transcript

You need to make it really easy for someone to pay you and you need to get paid any way they want to pay you. I've made mistakes in this area over the years and it's a painful, painful mistake you need to make it so that someone can pay you any way they want. If they want to wire it to your account, you need to send them wiring instructions in the invoice don't even Wait for them to ask you if they want to pay by credit card. You need to have a system that allows them to just tell you over the phone that they'll what their credit card isn't. You can take payment. They want to pay you by PayPal set up a PayPal account.

If they want to pay you by cash. That hasn't happened to me many times but it has happened. I still reported it to the IRS. I'm not asking you to do anything illegal or unethical. The point is, you need to get money from people as quickly as possible. Because they could change their mind at any moment, I made a mistake, horrible mistake, where a major government agency was ready to pay my full fee.

They tried to pay me my credit card. And I said, You know what, I'll save a few bucks. Just send me a check. wire it like Oh, let me check. We went back and forth for a week. And next thing you know this out TJ we got memo from higher ups, all spending is frozen.

Call me in three months. might not ever see that and that was a significant and very significant fee. If I had simply taken their credit card number, processed it right away. There would have been no questions and they would not have asked for the money back if I asked my client. That's it situation. Is it now TJ once it was paid, no one would have asked any questions So I lost a very significant chunk of money, because I just didn't have my mechanism completely in place to take a credit card over the phone, which is different than PayPal, which is different from someone ordering through my shopping cart online.

So you need to make it really, really easy because you're gonna occasionally have someone who's very excited, passionate about your service, need it, want it, they want to buy it today. If you say Oh, just send me a check next week. their spouse could say what are you talking about? You're, you're crazy. We need a new dishwasher, remember, and then next week, they're not returning your phone calls, you lost the money and it's your own fault. So you need to figure out every possible way.

Figure out a shopping cart that works. Set up an account at PayPal, talk to your bank, get all the information so someone can wire it in and get it credit card processor. All of these things are essential. If you don't have it. You're gonna leave a lot of money on the table every single year.

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