Managing your blogging invoicing the right way
Blogging is a particularly good way to earn some money for you and your family. It is not difficult to get started and you do not need to invest a lot to be able to set up your blog. Plus, you can choose when you work. So, it is a great option for a busy mum.
But there are some aspects of running this sort of business which are not easy. One of which is invoicing, as well as making sure you get paid and keeping track of how much you are earning. It is surprisingly easy for things to get out of hand and end up not being able to complete your tax return properly at the end of the year. Fortunately, there is an easy way to keep things under control. Sending a business invoice from freshbooks.com really could not be easier. Their system is intuitive to use, fast and accurate. Plus, no matter how big your blog gets or how many clients you have, the technology will keep up. But to make the most of the power of this business invoicing system there are a few things you need to bear in mind and do.
Make sending out your invoices a priority
Top of the list is keeping up with your invoicing. There is a tendency for all of us to overcommit and get behind. When that happens, something has to give. So, some jobs, like invoicing, don’t get done.
This is understandable, but you do need to prioritise this task. If you do not send your invoices out on time, you will not get paid. Surprisingly, it will also annoy your clients and advertisers. Often, someone is assigned the task of paying invoices during the last few days of a calendar month. Once that is done, they can be switched to another form of work. If your invoice arrives a few days late, it will usually have to wait until next month to be paid. Paying their bills late also makes it harder for them to manage their cashflow.
Have a system in place to chase late payers up
Speaking of cash flow, it is important to be aware of the impact sending invoices out late has on your blogging business. It can mean that you do not have enough money in your account to pay your writer (if for example, you use freelancers) or to run ads to attract visitors for a big product launch that you are an affiliate for.
You need to make sure that the invoices you send out are paid on time. That means having a system in place to chase up late payers. The one outlined here is a good one to follow.
Doing all of the above will not take you long. Yet, it will benefit your business in many ways. If you need a little extra encouragement to set up a robust invoicing process and follow it, take a look at this article. It lays out some compelling reasons to do so.