27/03/2024
Building Strong Partnerships and Why Timely Payments Matter in the Venue Sourcing World.
In the lively world of venue sourcing, it's all about the teamwork between agencies like us at 2inspire Events and the fantastic venues we partner with.
From the coziest independent spots to the grandest global hotel chains, this partnership is key to pulling off events that everyone remembers.
But, there's a little hiccup we've noticed – not all venues are on the same page when it comes to paying their commission bills on time.
Considering the time, money, and effort that are put into nurturing these relationships and promoting these places, from educational trips to fancy dinners, it seems a bit off that some are slow to settle up.
It makes us wonder, is it really worth keeping those slow-payers on our go-to list?
Getting paid on time isn't just about keeping a business like our’s bank balance healthy; it's about respect and valuing the hard work everyone puts in. It's kind of like a thank you note in the form of a bank transfer. When payments lag, it can throw a wrench in the works of what could be a smooth-running partnership.
So, how can venues get better at this? It's pretty straightforward:
1. Talk it out: Let's agree on payment terms from the get-go and make sure everyone's on the same page.
2. Stick to the plan: If you say you'll pay in 30 days, let's see that money in 30 days. It's all about trust.
3. Keep us in the loop: Things happen, we get it. But a quick heads-up goes a long way if there's going to be a delay.
4. Show some love: A prompt payment says "we appreciate you" louder than words.
5. Feedback is your friend: Let's have a way to chat about what's working and what's not in the payment process.
In the end, it's all about making these partnerships stronger, more productive, and yes, more enjoyable for everyone involved.
By getting serious about making payments promptly, venues not only show they're reliable partners but also set the stage for a thriving relationship that can bring about even more amazing events.
Let's make it happen!
