Just like most business owners, one of the important goals is to make sure that your customers pay their bills on time. The problem is that it’s sometimes hard to keep track of who owes what and when they need to pay up. It’s even more difficult if you have multiple accounts with different people paying them in different ways (e.g., fund transfers and in-store payments).
Based on best practices, here are the ways for businesses like yours to get paid faster;
- Simplify your payment options.
Once you’ve made your payment options clear, it’s time to simplify the process for customers. A good way to do this is by offering multiple payment options such as payments on delivery, fund transfers, in-store payment via POS, payments on your website, etc.
- Use incentives to nudge customers to pay faster.
Offer discounts to incentivize early payment. Incentives, such as:
- Discounts on your customers’ next purchases if they pay early
- Free product or service if they pay within a certain timeframe (e.g., three days)
- Additional gifts to their purchases when paying in-store.
- Send out invoices right away and follow up as soon as possible.
Sending out invoices immediately after an order helps put customers at the edge of their seats to pay faster. Here are some tips on how to make sure they do:
- Find an invoicing tool that works: It is important to have a system in place that allows you to quickly send out invoices without moving from one app to the other. The Glade invoice enables you to create professional invoices that are easy for customers to understand. It also reduces the workload involved with creating new ones every month or quarter because all information is already saved on your payment history
This is how to create and send professional invoices on Glade in 7 quick steps;
- Login to your Glade business dashboard- if you do not have a business account with Glade, click here to get one in 5 minutes.
2. Tap Invoice by the left panel [inserts screenshot]
3. Tap on create invoice [inserts screenshot]
4. Fill out invoice details [Customers, items, discounts, etc]
5. Then Tap Preview invoice
6. After checking if you had filled in the right details, tap send invoice.
7. In case of any delayed payments, you can send your customer a reminder, on the same invoice you have created.
We hope this has been a helpful overview of some of the fastest and easiest ways to get your customers to pay. If you would like more information about the Glade Invoice, feel free to reach out via one of our social media channels: Facebook, Twitter, LinkedIn, or Instagram.