Podcast
Questions and Answers
Which of the following is NOT a potential consequence of late or non-payment from clients?
Which of the following is NOT a potential consequence of late or non-payment from clients?
- Disrupted financial planning and cashflow
- Legal disputes
- Strained client-agency relationship
- Increased trust and rapport (correct)
What is one potential administrative issue that can lead to payment delays?
What is one potential administrative issue that can lead to payment delays?
- Late payment fees
- Charging interest on overdue payments
- Expired client cards (correct)
- Disputes over delivered results
What is one potential challenge when clients question the delivered results and refuse to pay?
What is one potential challenge when clients question the delivered results and refuse to pay?
- Enhanced client-agency relationship
- Improved cash flow
- Contentious discussions (correct)
- Increased trust and rapport
Why is a lack of cash flow detrimental to marketing agencies?
Why is a lack of cash flow detrimental to marketing agencies?
What is one potential impact of inconsistent cash flow on mental health and team morale?
What is one potential impact of inconsistent cash flow on mental health and team morale?
What is one advantage of being an Acquisition Partner™ in terms of pricing strategy?
What is one advantage of being an Acquisition Partner™ in terms of pricing strategy?
What is one advantage of upfront payments for an Acquisition Partner™?
What is one advantage of upfront payments for an Acquisition Partner™?
Why is it beneficial to work with cashflow positive and liquid companies as an Acquisition Partner™?
Why is it beneficial to work with cashflow positive and liquid companies as an Acquisition Partner™?
What is one advantage of being an Acquisition Partner™ in terms of pricing potential?
What is one advantage of being an Acquisition Partner™ in terms of pricing potential?
What is one advantage of being an Acquisition Partner™ in terms of competition?
What is one advantage of being an Acquisition Partner™ in terms of competition?
Which pricing mechanism ensures a steady cash flow and reduces the risk of late payments?
Which pricing mechanism ensures a steady cash flow and reduces the risk of late payments?
What is the advantage of project-based payment?
What is the advantage of project-based payment?
In performance-based payment, how can the risk be reduced?
In performance-based payment, how can the risk be reduced?
What is the purpose of requiring clients to purchase pre-paid hours?
What is the purpose of requiring clients to purchase pre-paid hours?
When might a marketing agency accept equity in a company as a form of payment?
When might a marketing agency accept equity in a company as a form of payment?
What can be combined with equity payment to reduce risk?
What can be combined with equity payment to reduce risk?
What is one of the most common issues faced when navigating the payment landscape?
What is one of the most common issues faced when navigating the payment landscape?
Which pricing mechanism involves charging based on the number of hours worked?
Which pricing mechanism involves charging based on the number of hours worked?
What is the advantage of a retainer fee?
What is the advantage of a retainer fee?
What can be required upfront in project-based payment to reduce risk?
What can be required upfront in project-based payment to reduce risk?
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