My client is past due almost $2000. He has owed this for over three months. At this point, I want to politely ask him to pay within the next week. If he doesn't pay, I think I'm justified in asking for a past-due fee. I do like this client very much, and he has paid promptly in the past. I'm not sure what to do. Thank you!
2006-06-13 18:58:18 · 4 answers · asked by zmberinke 1 in Business & Finance ➔ Careers & Employment
I run a wifi connection base and charge my customers a monthly fee to use it. If they are late on paying, especially three months I will add add 10%. The only catch is, do you have it in writing and does the client know about this? If you have it in writing, and the client does know he owes you a debt, small claims court also works well.
2006-06-13 19:04:10 · answer #1 · answered by zipperz41 2 · 0⤊ 0⤋
12% per annum. That's tipical in many industries, and you should be able to make that kind of money if you had it in your pocket (either by investing in yourself, paying off credit cards, or other investments).
The important thing here is that you get to respect you. If you don't value your services, then neither will your clients. It isn't saying something bad about another person to hold them to their agreements. In the end, you are honoring them by asking them to live lives of integrity.
The trouble with any freelance work is its easy to second guess yourself. What I do is go to the mirror on a regular basis, and look myself in the eye, and propose a dollar amount per hour that I'm worth. I then raise the amount slowly, until I break a smile. At the point when I smile, that's what I'm currently worth. This process is used for people in all sorts of consulting niches. Try it, it'll do you some good (and make it easier to charge that 12%+).
Cheers,
2006-06-13 19:06:36 · answer #2 · answered by Geni100 3 · 0⤊ 0⤋
I think that you should contact him and ask him why he's late. If there is a good reason, like an emergency, tell him you will have to charge a very small interest charge, something like 1% monthly or $20. If he doesn't have a good reason let him know that henceforth you will be tacking an additional 3% per month onto his bill. That's $60 per month, I think that's quite a bit of incentive to get the bill paid. I don't think it should be overly high. Wells-Fargo, a recognized financial institue, only charges 39% annually.
2006-06-13 19:13:33 · answer #3 · answered by peach_campbell 3 · 0⤊ 0⤋
We do 2% per month.
2006-06-13 19:10:21 · answer #4 · answered by Amber 3 · 0⤊ 0⤋