Money or Burnt Bridges
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- jg_20
i think that:
the more pays the client the less problems you have to be paid. thats logical, that simply means they respect more your job than people who are trying step by step reducing the costs of a project.
charging 40% before a project is done is usual.
- mrdobolina0
lookup 'client non-performance clause'
saved my azz many times.
- Mimio0
60 days isn't that bad. Be greatlful actually our automotive clients take 3-4 months to pay invoices.
- mikeim0
but why has that become acceptable, unless you don't mind being paid 3-4 months later.
- jox0
i haven't read the previous posts but
a) save their ftp specs
b) write a contract before they can even say cap in a hat
c) scratch their eyes out
- Mimio0
My boss joking says "because they can" . Truth is we haven't had open purchase orders with alot of our cleints since the beginning of the recession. If you have a small company the best thing to do sometimes is sub-contract from ad agencies and get them to pay you sooner.
- jg_20
a friend of mine made a project for a friend of him (sounds like a joke, right?)
it was the whole c.i., flyers, etc... for a club.
after everything was finished (flyers printed, logo aproved... the place with the chairs, the glasses.... blablabla) his friend said "sorry i have no money to pay". yes, but he had the money to pay the people for the chairs, to pay the printing studio...
my answer is: we are guilty in 50% (or 75%) of this situation.
- jg_20
we have to be REAL MOTHERFUCKERS
- abizzyman0
why not charge them 40 - 50% upfront like janne said...
... but... maker sure that's really about 80% of what it's really worth.
- jawbreaker20
I charge 30-50% up front, the rest on project delivery.
("estimate") is ± 15% as wellno check at completion of project, no "delivery" of project--pretty simple
always include a "kill fee" in your terms as well--in case they decide to say "fuck it"
before you complete the project...there's no reason you should "finance" anyone's business.
- abba_cadaver0
If your freelance break it up into payments
1. 33% at start
2. 33% comp approval
3. 34% at due on receipt of invoice0r however many steps you want just make sure the biggest payment is the first.
But if you and your partner are a company go to the bank and establish a credit line. That way you wont have to burn bridges if youre client doesnt pay. But make sure you stay on their ass and charge interest.