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Better Together
In a effort to make the national retail marketplace playing field a fair and equitable for creatives we have designed a Small Business Collective to:
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Establish Best Practices for Payment and Contractual Terms
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Provide Safe Information Sharing
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Connected with Trusted Partners
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"Having a discussion around best practices helped me realize my products have value and I have negotiating power with my retailers on payment terms. Just recently, I took Jen and Marissa's suggestions and demanded back payment for an overdue invoice from a larger retailer as well as upfront payment for a big order they had sent to, and it worked. The retailer agreed to my terms and it gave me such immense relief knowing that I wouldn't have to hunt them down for payment later on and that I wouldn't have to put up my own money and risk my business to get this large order out to them. Had I not had the conversation with this group about best practices on terms, I would have continued to feel like I was powerless and accepted whatever the retailer asked of me."
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It's Working Already
~ Janie Velencia
Chief Executive Officer
The Card Bureau
Best Practices for Payment Terms
Pre-Payment
Preferred
EFT or Check Only
Priority Order Fill
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Credit Card
Option 1
3% Fee Passed on To Buyer
Priority Order Fill
Utilize Factoring Company
3% Fee Passed on To Buyer
Credit Insurance Placed
Net 30
Option 2
Best Practices for Contractual Terms
Labeling
Fee
Cancelations
48 Hours - Cost of Goods
Once Production Begins - Total to Agreed Payment Regardless of Delivery.
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Negotiated as Rebate
Based on Annual Spend
Volume Discounts
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Interested in Learning More with the Founders of the Creatives' Small Business Collective?
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