After you have provided the service or product to your customer, you feel excited to send them the invoice for what they owe you. However, the elated feeling can fade quickly after you realize that it’s been days and they have not gotten back to you about payment yet.
This is a frustration many businesses encounter. After all, an invoice is not as good as cash. If you have ever been in this situation before, you will know how disappointing it feels. This is why this blog post has outlined the best hacks to make your customers pay faster without you having to request again and again.
Top Most Effective Hacks To Encourage Customers to Pay You
1 – Offer an Early Bird Discount
An early-bird discount, also known as an introductory or first-time discount, is a discount offered to any customer who pays upfront. One of the reasons why you should consider an early bird discount is because it is impossible for you to run out of stock. If you give an early bird discount, it means your customers pay sooner than later, which means you will get your money faster. Another reason why you should consider an early bird discount is because it will encourage other customers to pay faster because you will just extend the same discount to them.
2 – Send the Invoice Via Email or Text
The second hack to encourage customers to pay faster is to send the invoice to them via email or contact number. This is because customers nowadays are getting their bills via email or text. If you send them this way, then they will be more comfortable paying their bills.
You may think that customers who receive the invoice via email or text do not like to pay their bills this way, but you are dead wrong! According to research, the average customer prefers paying bills through email or text.
3 – Emphasize the Date
The third hack to encourage your customers to pay faster is to emphasize the date in the invoice. When you emphasize the date, it is like telling your customers that by the specified date, they should pay for what they owe you. You can emphasize the date in the invoice by using a bold font or centred font. You can also emphasize the date by using fancy borders, or you can even add a background image to the invoice.
4 – Give Them a Discount
Lastly, you can offer them a discount if they pay before the specified date. For example, you can give them a 3% discount if they pay before the 7th of the month, or you can give them a 5% discount if they pay before the 15th of the month. You can even do better than that.
It is really frustrating having to wait for your customers to pay you. This is why you should make use of these hacks to make them pay you fast. You can start applying these hacks by sending the invoice to your customers via email or text.
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