What Could you do with Early Payment?

What Can You Do with Immediate Payment?

Imagine this: you’re waiting for your brand partner to send payment, frantically sending follow-up emails and constantly checking your bank account. Often, you're itching to start your next project but need the funds from your previous deal to get started. Or maybe you simply have bills to pay and life to get on with – whether it's booking that holiday or just paying rent. Many companies prioritise preserving their cash flow over timely payments, leaving you at the mercy of agencies and brands that can take advantage of the creator economy’s wild-west nature to delay payments (certainly not all though).

At Bread, we see companies taking up to 120 days to pay the creators they work with. Imagine waiting four months to get paid for work you’ve already done. What if you got paid the very next day after submitting your work?

1. More Time for Creativity: With Bread's next-day payment feature, creators can devote more time to their creative endeavors instead of being bogged down by financial worries – let’s be honest, that’s the main goal here. Given that 59% of creators are balancing other jobs while building their businesses, this immediate access to funds allows them to focus on producing high-quality content without the distraction of chasing payments.
2. Financial Stability: Immediate payments provide financial stability, allowing creators to manage their expenses more effectively. With 44% of content creators saying their creator business is their family’s primary source of income, this is crucial. Prompt payments ensure they can cover living expenses, pay bills, and invest in their work without the stress of financial uncertainty.
3. Business Growth: Steady cash flow allows creators to reinvest in their businesses, whether it’s purchasing new equipment, upgrading software, or hiring additional help. This reinvestment is vital for growth, especially for those 59% of creators who are juggling their content creation with other jobs. By having the necessary funds readily available, creators can scale their operations and expand their reach more effectively.
4. Peace of Mind: Knowing they will get paid promptly provides creators with peace of mind, reducing anxiety and frustration. The financial instability caused by delayed payments can be a significant source of stress, particularly for those trying to turn their passion into a full-time career. Bread's next-day payment feature offers creators a reliable income stream, allowing them to concentrate on their creative process.
5. Client Relationships: Utilizing Bread ensures smoother financial transactions, which helps maintain better relationships with clients. Creators can avoid awkward conversations about overdue payments and focus on delivering quality work. This professionalism not only enhances their reputation but also fosters trust and long-term partnerships with clients. In a competitive market, strong client relationships are key to sustained success.

How Bread Can Help: At Bread, we understand the challenges creators face when it comes to getting paid on time. Our platform enables next-day payments, helping you avoid the stress of waiting months to receive your hard-earned money. With Bread, you can enjoy more time for creativity, financial stability, business growth, peace of mind, and stronger client relationships. Say goodbye to the frustration of chasing payments and hello to a more efficient and rewarding way to manage your finances.

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