Lately, I’ve been grappling with unpaid invoices. It’s frustrating when clients ghost after the work’s done. I’m wondering if adjusting my pricing model based on demand could help. Maybe higher rates during busy periods would attract more serious clients?
Has anyone experimented with demand-based pricing? Curious about your experiences and if it reduced payment issues.
I’ve been there with the unpaid invoice headache. Tried a few things over the years.
Demand-based pricing didn’t do much for me. It just made some clients grumpy about higher rates.
What actually helped was tweaking my whole process:
I started asking for 30% upfront on all jobs. It’s enough to cover initial costs if someone flakes.
For bigger projects, I break it into milestones. Client pays after each chunk of work. Keeps things moving.
I send invoices right away when work’s done. No waiting around.
Got an invoicing app that sends automatic reminders. Way easier than chasing people down myself.
I added a late fee clause to my contracts. Most folks pay on time to avoid it.
These changes cut my unpaid invoices by about 75%. Still get the occasional ghost, but it’s rare now.
Just remember, good clients respect your time and pay their bills. If someone’s a pain about money, probably best to let them go.
I’ve tried demand-based pricing. It didn’t really stop payment issues for me.
What did work:
I ask lots of questions before taking on work now. It helps weed out flaky clients.
My contracts spell out payment terms. No confusion later.
For bigger projects, I break it into stages. Client pays after each milestone. Keeps cash flowing and lowers my risk.
Also, I use online invoicing. Makes it easy to send reminders.
These steps cut my unpaid invoices way down. More work upfront, but way less stress in the long run.
Demand-based pricing sounds fancy, but it won’t solve your payment problems. Focus on getting deposits upfront instead. I require 50% before starting any job. It shows the client’s serious and covers my initial costs if they flake.
For the rest, send clear invoices right when the work’s done. Follow up fast on late payments. Don’t do more work until they’re caught up.
If someone ghosts you, learn from it. Were there red flags you missed? Tighten up your client screening process. Good clients pay on time, every time.
I’ve had some success with tiered pricing. Offer a basic rate, then charge more for rush jobs or extra services.
It weeds out tire-kickers and attracts clients who value your work. Plus, you can build in a buffer for potential non-payers.
Just be clear about your rates upfront to avoid surprises later.
Nah I keep it simple. Set price for jobs no fancy stuff.
Just get some cash upfront to start working.
Deposits help. I ask for some money up front on bigger jobs. Gives me peace of mind.
For pricing, I keep it simple. Flat rate for most stuff. Clients seem to like knowing what they’ll pay.