Recruiters have shared their tips about chasing clients for money.

One of the issues facing people who have set up a recruitment agency is chasing clients for money once services have been rendered and different tactics are involved in this.

Some recruiters prefer outsourcing accounts and invoice requirements to an agency, which can take care of the issues leaving them free to focus on getting new business or expanding their operations.

However, those who prefer managing everything by themselves have been advised by an industry insider to "make it personal" by getting to know the people calling the shots.

"So long as you have a good relationship with the hiring manager one can exert pressure both internally and externally," stated Tim Bates, who was sharing his thoughts on peer-to-peer site LinkedIn.

His counterpart Michael Iyogbon suggested offering the client "a very attractive discount and incentive package on fresh purchase" as long as any outstanding bill is cleared before.

A recruitment agency can be set up with less than £5,000 capital, another industry operator suggested recently.