Friendly reminder that copying a client's payment net 90 terms can screw you over

A buddy in my coworking space told me I should just mirror whatever payment terms the client uses because it makes you look professional. Tried that with a big company that uses net 90. Sat on my invoices for 3 months before I saw a dime. Had to borrow $400 from my brother to cover my rent. Now I put net 15 on everything no matter what. Anyone else have advice that sounds good but backfires like this?

3 comments

3 Comments

sullivan.quinn18d ago

@hannahj49 I hear you, net 90 is basically asking to starve for a quarter.

hannahj4918d ago

Ugh, I feel this so hard, net 90 is brutal for small biz owners.

gracej9918d ago

Tacking on a 1.5% monthly late fee (i know, feels mean) got my net 90 clients paying on time real fast.