How much does mailing an invoice actually cost?

The hourly rate for most trade and service businesses is over $80. $80 per hour is $1.33 every minute. Every minute you spend printing, folding, writing out the address and then taking the mail to the post box, is a minute you could have spent billing out more work. If it takes you an average of 70 seconds per invoice, ServiceM8’s InstantPost will actually be cheaper!

For businesses with office staff, you might think that paying $25/hour makes it worth it. Well check this out: $25/hour is 0.41c per minute. So, if your office staff spend 2 minutes on a single invoice it then costs $0.82c + 60c postage = $1.42. Add the time required to drive to the post office, and it is highly likely it will average over $1.50 per invoice. You could argue that staff wages are a sunk cost and the extra 30 minutes they saved is unlikely to be used effectively, but it’s definitely worth looking at.

With InstantPost, you’ll not only spend less time invoicing and more time in the field, but you’ll get paid faster and will likely end up making more money than InstantPost costs you.

So stop putting off your invoicing and send them out via InstantPost now!