Getting paid on time - Deepstash
How To Become A Digital Nomad

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How to build a network while working remotely

How to work remotely

How to manage finances while working remotely

How To Become A Digital Nomad

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Getting paid on time

Getting paid on time

Chasing clients for late payments can get uncomfortable. It can also have a huge impact on freelancers' cash flow, as freelancers work from project to project.

Some tips can help to ensure getting paid faster without engaging in awkward conversations with your clients.

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Use expense automation solutions

As a subcontractor, you may have expenses that your clients will reimburse after you finish the project, such as a freelance editor hiring a graphic designer for visual content or a proofreader to improve on its grammar. Expense automation solutions can ensure that you get paid faster.

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Choose clients wisely

Try to prevent late payments by examining a customer's profile and avoid working with clients similar to that one. If a new client is too similar to that client profile, it's better to pass on such projects.

If you have a personal webpage or social media profile, select and add video testim...

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Ask for a late fee

Instead of encouraging early payments with a discount, use a late fee for creating an incentive. Clients who intend to pay on time won't mind signing a contract with a late fee.

How to include late payments in your contract:

  • The amount should not exceed 1.5% of the p...

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33 reads

Sign documents online

You can use online signature software to sign your contract.

  • The quicker the document is signed, the faster clients can make an upfront payment for your services.
  • Online signature software often connects with Apple Pay or other payment services. After clients s...

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Set up automatic invoice reminders

Some customers will intentionally delay payments indefinitely, but others just forget.

Some invoicing tools can help to automate payment reminders. You could also write a personalised reminder message when creating an invoice and define when it should be sent to your clients.

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53 reads

Build your personal brand

By building your brand, you can get more gigs and become selective in who you work with. As a result, you can stand out and win more respect.

With a solid personal brand, you can stop selling your time and invest in more scalable ways of earning money, such as launching an online course or ...

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29 reads

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jacomichae

Scientific laboratory technician

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The pros and cons of freelancing

The pros and cons of freelancing

In the world of freelancing, you are your own boss. You can choose when you want to work and pick the projects you want to work on. 

Freelancing is also hard work. You will have no steady paycheck and must manage your finances and workload. You have to source your own clients and risk not g...

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