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Net 30
Apr 16, 2008 14:46:06 GMT -5
Post by missteetiny on Apr 16, 2008 14:46:06 GMT -5
Hi Ladies!
I was wondering if you have any stipulations to your terms for your clients. If their payment is after 30 days.
Just pondering the thought.
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Net 30
Apr 18, 2008 18:40:17 GMT -5
Post by sewandso on Apr 18, 2008 18:40:17 GMT -5
You should inform them of your policy in writing before they agree to do business with them. It can be on your estimate form, which they will sign before they agree to the terms. These terms are up to you. You can add a percentage every 10 days, for instance.
Then you can pursue the claim after the stipulated time and let a collection agency take care of it for you, legally.
I have this added benefit with my business: They don't get the merchandise until they pay in full (yes even if they do own the clothing, I have earned it with my alterations). If they don't pay, I keep the item for myself. I call several times to remind them. If I have it for six months without payment, I sell it on e-bay. I don't have too much trouble with this policy. People like to have their stuff back.
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Net 30
May 7, 2008 8:54:22 GMT -5
Post by missteetiny on May 7, 2008 8:54:22 GMT -5
Thanks Sewandso!
I really appreciate the advice. I talked it over with my husband and we decided, for now at least, to not have any stipulations after 30 days. We've only had it happen a couple of times so far and even though it's frustrating for me, I've had my customers appreciate my patience and just keeping up with them. Who knows maybe down the road when we grow we will have to put something in our contracts!
Thanks again for the advice!
Melissa
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