Blogher reached out to home-based business owners like myself to find out how to increase cash flow. Automating the billing process is key for me (and also why I co-founded Due.com!). Automation gives you more time and less stress, which should automatically mean more time to make money. Back in the day, I would mail my bills and invoices, but of course that’s a time-consuming process. With automation, you can get invoices and/or bills instantly into the hands of the recipient.
Offering more ways to pay is another great tip. You want to make it easy and fast for your vendors and clients to pay. Also keep mobile readiness in mind. Americans use mobile devices more than any other device for everything now, so you want to make it quick to pay with a smartphone.
Finally, stay on top of those payment reminders. Having a due date, explanation of grace periods and any interest accrued can greatly help get invoices paid on time. I’ve personally researched what tactics get payments made as quick as possible, and it’s often the little things!
Find out more tips by reading the full article here:
