The Business of VO – Ways to Get Paid!

Click here to get in the $$$ mood! Who doesn’t LOVE getting paid? Anne and Gabby sure do! This episode they go over all the different options out there, what you should be using and how you can make sure you get paid FASTER! Trust us, your clients will thank you for listening to this episode!



Takeaways

Quick Concepts from Today’s Episode:

  1. Make it easy!

  2. Fees are a cost of doing business AND 100% deductible!

  3. First time clients should pay in full – electronically.

  4. If you haven’t already, jump on the mobile banking bandwagon.

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Referenced in this Episode

Direct links to things we brought up ++

  1. PayPal

  2. Zelle

  3. Venmo

  4. Stripe

  5. Square

  6. Direct Bank / Wire Transfer

  7. Subscribe to VO B.O.S.S. on YouTube!

  8. Our podcast is recorded entirely using ipDTL. Get better than ISDN quality with: ipDTL!

Full Episode Transcript

VO: Today voiceover talent is more than just a pretty voice. Today’s voiceover talent has to be a boss. A VO B.O.S.S. Set yourself up with business owner’s strategies and success. With your host, Anne Ganguzza. Along with some of the strongest voices in our industry. Rock your business. Like a boss. A VO B.O.S.S.

Anne: Hey, everybody, welcome to the VO B.O.S.S. Podcast, I’m your host, Anne Ganguzza, along with my beautiful, lovely, intelligent, amazing co-host, Gabby Nistico.

Gabby: Oh my gosh, thank you. Hi.

Anne: Hey, Gabby! Gabby, today I’m super excited to talk about something that I LOVE!

Gabby: Is it my favorite thing too? Is it? Is it?

Anne: I think so. Ways to get paid! Whoo-hoo!

Gabby: Squeeze! Money. I love money.

Anne: Squee! Money money money, mon-ey. Mon-ey!

Gabby: All the money. Yes. Yes!

Anne: Okay.

Gabby: Oh my God. Love ways to get paid.– Anne; Oh my God, I’m not a singer, I just want you to know that.

Gabby: Just the topic, it makes me so happy.

Anne: I know, it makes me very happy too. And I am not ashamed. I am not ashamed to tell all of you how much I love money.

Gabby: No.

Anne: Because that keeps me doing what I’m doing, and what I love to do. And to get paid for it is just…

Gabby: How could you be a B.O.S.S. and not love money?

Anne: That’s true. That’s true.

Gabby: Like, really? I mean, come on.

Anne: I think that’s probably one of the main parts of the definition of a BOSS. So we need to talk about how we are going to get paid in our VO business because if we don’t get paid, guess what, we really are not a business. And we really cannot–

Gabby: It’s hobby.

Anne:–hope to continue. Right. Doing voiceover for a living. So, I think we should discuss all of the different ways that we can get paid. And…

Gabby: Yes, please.

Anne: Yeah. And, I think, first and foremost you wanna make sure that you make it easy for your client to pay you. That’s number one. Make it easy.

Gabby: And I’m gonna add to that. Yes. Make it easy.

Anne: Yes.

Gabby: Most definitely. But here’s what I love about that: we see this all the time in social posts—

Gabby:–and conversations. People go, “Should I have this way to get paid? And should I have this…” and my answer, “Yes. Yes. Yes. Yes. And yes again. And yes to that one. And yes to that other thing. And tomorrow, if there’s another thing, then yes to that thing too.

Anne: And if it’s painful to implement, it’s okay. Do it anyways.

Gabby: Right? Because if it means that my client has more ways to put money in my hands faster?

Anne: Absolutely.

Gabby: Yes! Yes. And more yes. Oh my God.

Anne: And so many people are so co–“Well, okay but there are so many fees here and so many fees there.” And, honestly, here’s the deal: I’d rather get paid and pay a fee then not get paid.

Gabby: Right? Thank you.

Anne: And if that fee is 3%, if that fee is 4%, if that fee is 8%, I’d still rather get paid.

Gabby: I mean, okay. Fees. Guess what? A) Cost of doing business.

Anne: Yep.

Gabby: B) Totally, 1000% tax write off.

Anne: Yep. Absolutely.

Gabby: Fees are calculated at the end of the year, you tally them all up and you lose nothing. Because you had to pay them. And, yes, I’m with Anne, I want my money faster, not later. I will pay 2.75% or 3%, or whatever it is, as long as it’s within reason, to have my money NOW!

Anne: But–but wait, Gabby. Why not just build that into your price?

Gabby: Because I feel like that’s cheap and weird.

Anne: To bill it in your…

Gabby: Do you know what I mean?

Anne: Sometimes I do. Sometimes I will, but that is only because I have a client who says, “How would you like to get paid?” They, themselves, want avoid a bank fee or a transfer. And I’m like, “Whatever’s convenient.”

Gabby: If I go to a store, right? And I go to buy something with my debit or credit card, I understand that, that merchant is being charged a fee. Kay? That merchant is loosing anywhere from 50 cents to, like, 3 bucks. on every transaction where I swipe my card. Now, if, okay, now, like, granted, like this is one of the reason why, and I just think this way because this is my boss brain, my business brain, at work in the day to day world. Like, if I go into even a convenience store to buy something and that item is under 5 bucks I feel guilty swiping a card, because I know that the fee is gonna be large in comparison to the transaction price. So I always feel weird about that, so I try not to do it. But that being said, if 7/11s suddenly wanted to start charging me a 50 cent surcharge every time I use my debit card, I… “NO.” Taking my business somewhere else. That’s craziness. Like, you know, so–

Anne: But, Gabby, that’s if they’re saying it. Do you see what I’m saying?

Gabby: Yeah…

Anne: Right? They’re like, “Yeah, we’re gonna charge you this fee…” Here’s my thought, if you charged fair rates anyway, your prices are already built in.– Gabby:–It’s not a big deal. Yeah. It’s so not– Anne:–It’s already built in. You’ve already adjusted for rates. That’s just the way I think. Like, if you’ve got your baseline that you’re going from, I’ve already adjusted for paying fees. Anyway. So… Not, like, I’ve actually sat down and calculated it. But, literally, I’m like, “No, this is what I can get per hour” and, you know, if I have to pay that up to 8%, I’m cool. I’m fine.

Gabby: There is only one exception to that, that I will make. There is only one caveat. If the job has already been deducted a commission. In other words, I will not accept an electronic submission from, let’s say an agent, whereby I’m then going to loose fees on top of it.

Anne: Oh, yes, yes, yes. Yes. Agreed.

Gabby: Because if 10% has already been taken from that money, and then I’m going to lose even more percentage?

Gabby: No, no. That’s okay. You can cut me a check, thank you. But that’s it. Outside of that, I see no issue with it. So, let’s talk about ways. Let’s talk about–

Anne: Yeah. Gabby:–options. What should you have? What are the musts?

Anne: Digital, for goodness sake. You’ve got–

Gabby: Well, let’s talk, like, what are the actual services? Yeah.

Anne: Well, I think PayPal’s been around for a very long time. They’ve kind of–

Gabby: I love… Love me some PayPal.

Anne: Right? They’ve definitely been around the longest from what I can understand. I think they’ve been around the longest. People have been able to pay–I know that there are a lot of people who complain about PayPal fees, but, again, I’m like, “Are you kidding? Look at how conveniently I can get paid form an international client?

Gabby: Do you have the PayPal debit card?

Anne: I… You know what? I actually don’t. But I have so much great–

Gabby: But you know about it.

Anne: I do know about it. I do know about it.–

Gabby: Yes. Anne:–Because you can get perks, right? In your PayPal account.

Gabby: Well that, but also what I love about it, ’cause I see people sometimes complain bout this, they go “Oh, yeah, PayPal, okay, so if somebody pays me then I have to transfer the money to my bank account, and it takes a couple of days and it’s a whole process. So because I have the PayPal debit card, what I can literally do is take that debit card and because it’s all business, it’s under my business name, it’s a business card, I can use it instantaneously, the minute I’m paid, to either spend it make a transaction or I can take it to the bank, swipe it, pull out cash.

Anne: Yes.

Gabby: And then deposit that cash directly into my business checking account.

Anne: I’ve noticed in the last year PayPal has done that without me having to get their debit card, so I’m able to actually pay people, and then I have the choice to go from PayPal balance or my bank balances, that I’ve had linked up, which I think is something new in the past year or two, which is phenomenal because all I do is link it to my business account.

Gabby: Right. But that’s to pay out. I’m talking about when it comes in.

Anne: Oh, when it comes in. Absolutely.

Gabby: It reduces the time or the gab between you having access to the money and it being able to get into your bank account. You know longer have to worry–

Anne: Mmm. Yes. Yes. Gabby:–about that if you have the cards. Just a fun little tip there for people. But PayPal, I think, yeah, is critical and essential, and I also think buyers are more comfortable with it. If they see a PayPal link, if they see a PayPal option, people are receptive to it. They know that it’s secure.

Anne: There’s a new one that’s coming out for banks. Oh, gosh, is it…

Gabby: Zelle.

Anne: Zelle. There you–I was gonna say LO I don’t know why LO, but Zelle. And Zelle is really cool because it links up directly to your bank account.

Gabby: Fantastic. Yep, I’ve–

Anne: And there’s no transaction fees.