Getting Paid in Your Passive Income Web Hosting Business
I’m a lazy git and I prefer passive income opportunities to actually having to do the hard work. Unfortunately there are very few truely passive forms of income – though web hosting business owners do have the opportunities for both active and passive Income opportunities.
The problem for many web hosting resellers is that its either feast or famine – either everyone wants their website redeveloped this week or no one does! If you get a sold base of people just paying for the hosting then at least you know some money is going to hit your bank account – shortly after you invoice them! Whether you invoice every six or 12 months is up to you and your cash flow requirements – but one thing that you should always do is invoice in advance – that way there is NEVER an issue about getting your invoice paid within your required 7 days (you did put that on the invoice didn’t you?)
Why? Quite simple – most people want their website to remain visible – if you don’t get paid as the host – you take the website down – quite simple. Warn them first, then disable the website – you’ll be surprised how fast your account gets to the top of someone’s to do list if you do that!