late fees

[Bobbygedd]

is anyone real strict on thier due dates, and charge a late fee every time someone is a day late? (i know i'm grasping here, you guys seem to be happy just to get paid, eventually). but, going out on a limb, does anyone run thier billing like this? if so, what is your turn over rate for clients who are issued late fees? thank you

[grandview]

How much would you spend in advertising to get one new customer vs. one late charge and then droping you.

[Bobbygedd]

How much would you spend in advertising to get one new customer vs. one late charge and then droping you.

i don't know, how do REAL BUSINESSES (these are defined as, not lawnboys) feel about this?

[steve-o]

my billing is due by the 15th(postmark). if payment isn't here by the 20th i stop service. $25.00 late fee and i don't even know if i can charge that much. lost one last week and don't bother me one bit. i fired another because he was late plus other issues. one paid the $25 and one didn't. i replaced both with new cuts. my rule is be late once and it's ok. after that i would rather do without if i have to continue to make phone calls. i have bills to pay too.

steve

[GeeVee]

Can you specify if it (the scenario) is residential for chump mowing money, or serious commercial revenue? It would help.

[Bobbygedd]

that's funny "serious commercial revenue". i bid on 2 commercial jobs last year. on one i got undercut by 35%, the other, more than 50%. i leave the commercial work to the guys who want to work for minimum wage. thank you

[GeeVee]

Could be true in your area. Even in mine, commercial is somewhat underpriced, but not all of it.

You really must have a significant company presence to be invited to bid on the commercial work that pays what its worth.

These are long term relationships- full service, and all inclusive. Count on waiting for the cycle to start, but it will be a 45-60 pay cycle. You don't want it.