Freelancers Deciding How Much to Charge and When

How much should you ask for upfront and shouldlooking at that hourly rate for monthly work and not
there be a breakdown of payments ie payments atthinking about the current project.
different mileposts? How about hourly versus perOr the other scam is to say that they want a long
project?term relationship and will pay monthly AFTER the
From my own personal experience with many clients, Imonth is over. So you work on their assignments for
can say that working per project is by far the best, atsay 80 hours in a month. You invoice them. Then you
least to start out, along with 50% upfront.wait. You keep on working on their assignments and
As I say over and over, you need money upfront sokeep waiting for that first payment. Nothing. You are
you are not taking all the risk. If you do the work firstgiving away your services again. So what do you do?
and then ask for payment and they stiff you, they areBack to upfront money. A retainer so to speak.
out nothing. You are out your time and effort. And ifI call it a "set up fee". In reality if you are doing
you were really foolish and gave them the finishedprogramming on an existing site, or even doing
product before receiving any payment, you are out thegraphics, whatever you are doing, you need to have
product itself. You may as well just advertise for freetime to figure out what is already in place and how
products.what you are doing fits in. For programmers this can
If you look for freelance work at the freelancetake a bit of time if the previous programmer was
websites, you should avoid the people who advertiseclueless or just used a totally different programming
for a big job but payment is upon completion. Theyparadigm from you. I've actually taken over a hundred
may have been burned in the past but that doesn'thours to sort out a website backend before. The site
mean you are going to assume the full risk involved inwas a nightmare.
this type of deal. I saw one that said FIRST you makeSo get upfront money from the client. Nothing
a working mockup of the site. Then IF you areoutrageous but approximately half of the first project
selected, you will integrate your creation into theirthey want you to work on.
website. THEN they will test it. THEN if they like it, youActually you should always take the first assignment
will be paid. WARNING WARNING! Do not take such aas a project and NOT as an hourly or monthly
deal. Do not make that mockup even. Let thosecontract. You can explain it by saying this allows both
offshore people take this risk.sides to determine if the relationship works for both
Think of yourself as constructing a building for them.parties. If the first project works, then you can move
Would you even order the first load of lumber withoutto a long term contract with monthly billing or flat rate
some upfront payment? No. And they should notmonthly payments.
expect you to either. As I said, they may have beenPersonally, I believe sticking with per project contracts
burned in the past, but that is because they did notis the best way to go. For one thing, you can focus on
take the proper steps to protect themself.just that one project and not have the client bouncing
If they are really worried about the risk, then haveyou all over the place on different ones. Also, if you bid
them go through someplace like where there is aa project thinking it will take 100 hours and it takes you
method of holding the funds until work is approved.only 1 hour you have just made an amazing amount
BUT make sure the funds are put into the escrowper hour. Of course on the other hand if it takes you
account BEFORE you begin work. Then if there is a1000 hours you have gone in the toilet with your hourly
dispute, it can be resolved and they can't walk off withrate.
the product and the money and you can't walk offThis can hurt you when you allow a client to keep
with their money without any product to show for it.adding onto the project. The old "can you do this little
Long term? Short term? A lot of potential clients willthing?" shtick will kill you if you allow it. Instead, tell your
advertise that they want a long term relationship withclient you are putting it on the list for the "next phase".
the right person. This supposedly means the price forOf course once you achieve a working realitionship
the current project should be lower in hopes of furtherwith a client, you will know how much you can trust
business from them. That is what the client thinks andthem and how far you are willing to go with them on
that is what a lot of freelancers believe too. They arepayment terms.