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05-05-2003, 12:24 PM
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#1
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Juried Member FT Professional
Joined: Feb 2002
Location: Gaithersburg, Maryland
Posts: 698
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Performance bonds
Do any of you have customers who are jittery about paying you fearing you will "run off with the money" and not perform? This is a problem when I am on the road and leaving town after the show, and ask for half or a third down on a commissoned oil. Have any of you ever used a performance bond, or something to that effect? My wife suggested it to me when a very hot prospect backed down from cutting me a check for this reason.
Any sugestions as to how I can calm jittery nerves?
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05-05-2003, 01:20 PM
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#2
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CAFE & BUSINESS MODERATOR SOG Member FT Professional
Joined: Jul 2001
Location: Seattle, WA
Posts: 3,460
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Lon, perhaps you could give the client references of several happy customers you have painted in the past. Then they would see that you are truly a legitimate businessperson.
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05-06-2003, 02:07 AM
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#3
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SOG & FORUM OWNER
Joined: Jun 2001
Location: Tampa Bay, FL
Posts: 2,129
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What type of receipt/contract do you give the person upon receipt of the check? You might review this. A very business-like document of this type might assuage some fears.
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05-09-2003, 07:03 PM
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#4
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Juried Member FT Professional
Joined: Feb 2002
Location: Gaithersburg, Maryland
Posts: 698
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I use a very detailed form which has worked well for me in my business. But, that does not go a long way when you are leaving town. I am planning on being a snowbird there in Palm Springs, and thought that the performance bond was a good idea. Has anyone else done that?
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