Which is why you definitely shouldn’t hesitate to ask your clients for overdue payments. But, no matter what, your well-being and financial security is far more important than taking a potential hit to your reputation. You might be thinking that insisting too much can hurt your relationship with them. This is why “chasing payments” might be an integral part of your business as a solo professional. You wouldn’t want to deal with late payment issues on top of all that. Invoicing and managing payments by yourself is time-consuming and stressful enough.
So, what’s the best way to approach the subject, and ask your customers for unpaid invoices? Keep reading to see a comprehensive guide that includes tips, tricks, and 5 overdue payment email samples you can use. Not to mention how taxing it can be for your mental health. Especially if your sole income is from your freelancing business, this can cause serious financial anxiety.
In 2017, 79% of small businesses couldn’t pay for themselves due to late payments. There are a lot of ways a delayed payment can harm your business, be it self-owned, or corporate. Trust me, I’ve been through it more times than I can count myself. No matter how good you are with your business, you’re bound to come across issues with overdue payments. According to a survey conducted by us at Ruul, %53 of the 30,000 freelancer participants received a late payment four or more than four times in a year.
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