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General Business: Late Fees
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What do you guys charge as a late fee for clients that are delinquent?
Trying to figure out a fee to start charging.
I am a Young Go Getter! -
Thats far too broad of a question. What's the late fee for. Blockbuster charges me the entire fee now, but then refunds me. Comcast I think charges 10%, my mortgage company charges $100 I think...
Working on a movie script -
Yea, I don't know what I was thinking last night when I wrote this.
Its for web and print design! And some marketing consulting.
I am a Young Go Getter! -
- CommentAuthorchris.pund
- CommentTimeOct 15th 2008
What were you payment terms? All up front? All at the end? 50/50?
10% is a pretty standard percent to charge, but really it is up to you.
Some may even say it depends on the client - will they easily be willing to pay it? Will they pay it and never come back to you or will it not bother them at all to pay it and move on?
I wouldn't want to charge a client a huge late fee and then have them pissed off and never use my services again.
Dorm Room Biz -
10% seems to be what I am hearing around. My payment terms are all "due on reciept".
Thanks Chris for the advice, btw how is the blackberry working?
I am a Young Go Getter! -
- CommentAuthorchris.pund
- CommentTimeOct 27th 2008
Blackberry = good. Looking forward to checking out the Storm when it comes out. I won't get it right away but when I upgrade that is probably what I will go for.
Dorm Room Biz -
It looks pretty awesome, but I think I will stick with my curve for a bit and see what happens!
I am a Young Go Getter!
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