Hi Ned,
I don’t get calls from inside edition or the doctor Phil show. I do projects mainly for corporate clients, medical clients, industrial clients and other business clients.
I worked in corporate America for over 25 years. I often needed to hire a crew for something and needed to pay them quickly. Sometimes that would require getting my boss to sign off on a request and walking that over to the accounting department. In one day, I had a check.
For those slow payers, you’d be surprised how quickly they can make things happen when they need their video right away. Let them figure it out. It’s not YOUR responsibility. Personally I do not have the cash flow to finance several projects. I can’t call my mortgage bank and say they’ll get paid in 90 days. I can’t pay my car loan that way.
When I hire a crew, they expect to be paid promptly (by me). I do that and always have good crews. To answer your question, depending on the client, I may refuse a gig if it seems like payment will not be made quickly, and they want their video right away. We all know, and someone said in this thread that they most likely will not take someone to court, so the only recourse is to get paid for your services. Somehow when your clients need to fly across country for a meeting, they can do that without waiting 90 days for reimbursement, or for AMEX to be paid. Clients can do whatever they need to do. For every project I require a minimum of 50% up front in my agreement. If they do not wish to do that, they can give me a credit card to charge. Then they do not receive the video until I’m paid in full. As I said, I’ve lost 2 clients in 15 years doing that.
Greg Ball, President
Ball Media Innovations, Inc.
https://www.ballmediainnovations.com