A Client Owes Me $14K and Won't Answer. What Do I Do? — Transcript

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1. 0:00and they said they were happy.
2. 0:02And then they just stopped responding to
3. 0:04every email, call, and text for 2
4. 0:07months.
5. 0:08They owe me over $14,000.
6. 0:11What do you actually do when a client
7. 0:12just refuses to pay, and does taking
8. 0:15them to court ever actually work?
9. 0:18>> It does work. It's often not worth the
10. 0:20hassle. I don't know what percentage of
11. 0:22the total contract the $14,000 was. Um
12. 0:25but I would say my rule of thumb in
13. 0:27general with these types of things is I
14. 0:28just look for the next client because
15. 0:29the amount of total time it's going to
16. 0:30take me um to make that money back I can
17. 0:34make back faster just spending my time
18. 0:36getting more customers and learning from
19. 0:37the mistake than trying to argue and
20. 0:39haggle at things over court because it
21. 0:41will take significantly longer than you
22. 0:42think. And you might not even get the
23. 0:44amount of money that you want cuz you're
24. 0:45not going to get the full amount no
25. 0:46matter what, right? So it's going to be
26. 0:47a fraction of that amount. You're going
27. 0:47to work a lot harder for it. And so when
28. 0:49you think about it like that, I think
29. 0:51you learn from the mistake, which means
30. 0:52you probably have to qualify the
31. 0:53customers a little bit more ahead of
32. 0:54time. And you might want to shift up
33. 0:56your payment. So it's like I want half
34. 0:57now, half at the halfway point rather
35. 0:59than at point of completion.
36. 1:00I'm going to bet right now you're going
37. 1:01to say, "Well, people don't you know,
38. 1:03people won't do that in my industry." I
39. 1:04promise you people will prepay for
40. 1:07Absolutely people will prepay for it. Um
41. 1:10and if you need to have an a better
42. 1:12offer to do it, you could say, "Hey, uh
43. 1:13if you prepay, I'll uh I'll give you
44. 1:15this guarantee. If you don't prepay, I
45. 1:17won't give you this guarantee." Um and
46. 1:18people are willing to prepay to have
47. 1:21risk taken on by you. And then that way
48. 1:23it kind of accomplishes both objectives.
49. 1:25So you improve cash flow and they
50. 1:26decrease risk, which is what the nature
51. 1:27of a good offer does. If you like this
52. 1:29video and you're a business owner who
53. 1:30wants to break through your current
54. 1:31revenue ceiling, I distilled every
55. 1:32lesson from scaling 10 businesses past
56. 1:3410 million and three businesses past 100
57. 1:36million into a completely free scaling
58. 1:38roadmap that I've used to go from zero
59. 1:39to one, zero to 10, and zero to 100
60. 1:41plus. And so you can click here and you
61. 1:43can check it out. Again, absolutely
62. 1:45free. And since you're a business owner,
63. 1:46I appreciate you and uh enjoy.