Get Paid First: Ten Days of Success

Written by on May 5, 2020 / Inside BS Podcast

Always get paid up front. That’s one of keys to business success.  On today’s show we discuss why you should get paid before you do the work and we discuss how to get paid in advance.  Join us for Season 2 Show 23 Episode 145.

There are four reasons why you should always get paid in advance. They are:

One: Getting paid in advance insures good cash flow.

Two: Getting paid before the work is done shifts the risk from you to the other party.

Three: Getting paid up front enhances your client’s perception of value.

Four: Your client will be more likely to be compliant – meaning they will do what you need them to do.

We go into detail on each of these reasons on the show today. We also cover:

How to Structure Your Payment Agreement

Structure One: Full payment up front as part of your basic business terms.

Structure Two: Full payment up fronting exchange for a discount.

Structure Three: Less preferable: Half payment up front and half in 30 days.

Structure Four: Never differ payment until project completion.  Instead recieve a bonus at completion.

All of this is covered in today’s show. Listen on the player below.

YOU ARE NOT ALONE

If you’d like to stay connected to Dave Lorenzo and a group of professionals who will support you, help you grow and connect you with ideal clients, join Dave Lorenzo’s Inner Circle Community. During the Covid-19 crisis, Dave is offering his subscribers the opportunity to join as VIP members for a reduced rate of $147 per month or $1,047 per year. This investment is easily recouped thorough the acquisition of one new client.

To apply for membership visit: https://davelorenzo.com/inner-circle-special-invitation/ or call 888.444.5150