While some freelancers usually request 100% full payment upfront, without which work will not commence, there are others who think they can have their money having delivered the assignment. As well there is this group who are torn between the two extremes. They do not know if asking for upfront payment will make them look desperate. They do not know when to request for full payment, part payment or payment on delivery. And even those who have a payment plan or who think they already know the payment plan that suit them may soon be forced to come to terms with the fact that clients vary and so does their payment method. The essence of this post is to guide you into making the right decision all the time as far as receiving funds from clients is concerned.
As you grow in your freelancing career a lot of things will be clearer to you. And the one thing I always say is that our rules can always be bent (or at least tweaked) WHEN the need arises. But the WHEN is, in fact ,where the issue lies for most freelancers. So I devoted the next few hundreds of words to address this concern.
When Should I Request for Full Payment — Before Starting Work Or After Delivering The Work?
First get to understand that scam is worldwide. And for a fact, many freelancers, myself inclusive have falling prey to some scoundrel we missed for clients. So if it’s your first time working for a client, you may want to consider if that client is contracting the job as an individual or as a company. If as an individual, stand your ground for full payment.
When Should I Request for Half Payment — Before Starting Work or After Delivering The Work?
If the contracting individual is an unrecognized company or brand, or perhaps (s)he claimed to be representing a big brand, in which case I’ll employ you to do your due diligence in verifying this claim; whichever turns out to be the situations, you could request part payments of 25%, 50%, 75% as you deem necessary before the commencement of work, and have the remainder due on delivery. If this is not possible, but you can get a milestone payment as the work progresses, can’t you?
It does always sound professional and reasonable to charge half payment at the least, for a start, then the other half when the assignment is submitted. Except, of course, it is a charity job, which is usually the case when you are doing those minuscule tasks for a friend or other close persons.
When Should I Agree To Payment on Delivery?
So if It happened the company is a popular brand, and you’ve confirmed that your potential client is indeed working with, affiliated or authorized by the company to contract assignments, and you think the client is reliable enough to earn your trust, and you can foretell the work has the potentiality of becoming a recurrent task, then you just might do this. But for a limited volume of work and exclusive to the first task (albeit being risky — but I do even think if it’s a big brand like I suppose, and yourself had done your part by establishing your authority with lots of social proofs, well, maybe there shouldn’t be a problem with such client paying upfront or agreeing to some sort of milestones).
While the above passes for a guide to avoid not getting paid by randy job peddlers, it also suffices for closing sumptuous deals with real contracting persons whom otherwise you would have lost, just because you couldn’t make the right payment decision. Now you know best and can make the best payment decision WHEN and where necessary.
Ever made the wrong payment decisions? I have, and quite a lot of them that I do not want to remember. Do you want to know about mine? I want to know about yours as well. Let’s use the comment box.
Sam is a freelance content writer. He blogs at 1stclasswriters.com where he shares his knowledge and experience about the freelance writing business. When Sam is not writing, he could be on his social channels chatting up like minds.