28/08/2017
How To Get Your Sponsorship Invoices Paid On Time
Alright, you got ROI investment sponsorship! Whoo hoo!
Now before you go out and celebrate, hold on for a second.
Most entrepreneurs and freelancers are an optimistic bunch. We assume things will work out to your benefit. Think of that high you get when you first work out a business deal. No doubt you were fist pumping at your desk, right?
But that high can turn to frustration when you realize that the form and proposal you sent out isn’t getting any love. Late payments, non-payment, or even the dreaded haven’t-heard-anything-payment-zone. Weve all been there, waiting anxiously to sponsor you for your awesome proposal
You don’t need that stress. Use the following 2 strategies to ensure you get paid and everyone is happy.
1. Use the Right Tools
Hate to break it you, but you need to ask yourself if you’re making it easy for your sponsors to pay you.
Have you triple checked everything to ensure it’s easy for your sponsor to pay you? Have you sent the invoice to the right email address? Do you have the right payment options for your sponsor?
The simplest way to make it easy to get paid is to fill the form and submit your proposal. you will input your account details,
2. Set Up Your Sponsorship form
You’ll want to avoid any miscommunication when it’s time to finally send your proposal. If you miss something important, it’s the difference of getting paid next week or in two months.
A bit clueless about proposal? Not to worry, just make sure you’ve included the following in your proposal:
• Contact information:
Send it to the right person and make sure your information is correct. Let’s say the sponsor is sending a paper check. If your address was wrong on the form, how long will it take for you to get it?
• Account information:
Is it a deposit or a balance they’re paying? This is important so they can communicate that to their accounting department. For example, if you’re sending an account information for a deposit and they have to pay it before a project can start, make sure you put the right details.
• Type of service/product:
Make sure your business analysis is arranged properly on your proposal. Give them a reminder by putting in exactly amount of what you need for funding.
