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When embarking on a freelancing journey, understanding and negotiating favorable payment terms can significantly impact your financial stability and professional satisfaction. As freelancers often work without the traditional safety nets of salaried employment, it’s crucial to establish clear and concise payment terms with clients from the outset.
One commonly used method is the milestone payment structure, where payment is divided into segments that correspond with project stages. This approach minimizes risk for freelancers by ensuring they receive payment for completed sections of work, thereby reducing the chance of non-payment after project completion. Another viable option is to request an upfront deposit, typically 20-50% of the total project cost, which can provide an immediate cash flow and serve as a commitment gesture from the client.
The terms should also stipulate acceptable payment methods. While traditional bank transfers and PayPal are popular, they often come with fees and transaction limits. This is where platforms like eFrelance come into play. eFrelance is specifically designed to meet the needs of freelancers, offering secure and timely payment processing with minimal fees. The platform also provides clear documentation of transactions, which is invaluable for maintaining financial records and managing taxes.
Lastly, it’s essential to specify the payment timeline, typically within 30 days of invoice. This ensures freelancers aren’t left waiting for extended periods. Clear communication and well-documented terms can help eliminate misunderstandings and contribute to a successful freelance career.
32 Comments
@memehamada2348
Do they ask for monthly paid fees to work in Freelancer websites?
@adommintah
Is it necessary to pay for link fee before receiving payment and how may you see that it may be scam
@jeremyhopkins2692
Thank you 🙏
@FROMMYBEDR00M
LOVE YOUR VIDEOS!
-you've taught me so so much & I love your accent lol!
THANK YOU!
@asmarahmani5477
Is that legal that the client demand a fee for ID card or not ?
@kunzsaj
will it be possible for u to share the terms u mention in ur contract ..
@stylemazta
is there even anything not valuable on this channel?
@blinkxo6131
im still a beginner, and i chose content writing. the 2 first projects told me that i have to pay a fee to work on their projects. i thought it was a scam at first. Is it normal to pay a fee in a project, knowing that they told me they will return it when project is over.
@blinkxo6131
im still a beginner, and i chose content writing. the 2 first projects told me that i have to pay a fee to work on their projects. i thought it was a scam at first. Is it normal to pay a fee in a project, knowing that they told me they will return it when project is over.
@SameerKongath
this video help my feature plans, thanks
@mariabardaki8625
stupit bored fuck
@sahilganjare6625
@flux How about using escrow services.
@officialWWM
I'm a freelance writer. I agree on a fee for the project. I get 50 percent up front and the balance at the end. Nothing I write gets published until I get full payment.
@chriswilcox8977
Hi Ran, great video as always! After the first 25% invoice on presenting the draft design, will you do any further work before they pay this, or do you hold off more work until it is paid?
I currently work on 50/50 payment – I won't start until the first 50% payment is with me but sometimes I present the draft then the project stalls because the client gets too busy on other things. I've got around 15 websites like this and have been sitting with no progress for a long time.
I've even had some clients pay 100% up front then disappear…don't mind that quite so much 😎
@aimeefirth5415
I have an issue with one client. They send remittance advice slips to show they’ve paid. However they send the slip on the date the payment is due into my account.
What terms can I state that clearly mean, the due date is the date it is paid into the account. Because I’m now a week overdue for this invoice and I feel I have no leg to stand on.
@AndreSwanepoel
Good word of advice there Ran!
@loopdropmedia
Great video as ever, Ran! Super helpful! Any advice on putting together an actual contract of work itself? Currently I quote, then take a 50% deposit upfront and final 50% on completion – but everything is just done as email conversation etc. I'd like to get an actual contract document in place, but not really sure what to include etc?!
@md1235678
How much do u charge for a design project?
@amannvig
Thanks Ran
@kasforai
How to convey my website design process to clients that want to randomly message me and ask questions all day?
@fredbrown6951
Hey Ran, Hope all is well! I was wondering if you could let me know if the following is ok in your opinion…. This would be for my logo design payment plan, it would be 50% down-payment, 25% After approved sketching/initial concepts and then the final payment of 25% when the logo is delivered? Also what are the differences between contracts and proposals? Hope you can help
@bami_balzak
How does your file organisation look like?
@Aqsa792
Hi @Ran, do you think any or most clients would pay say 30-40 percent of the payment initially for a newbie designer/developer (who only has 2-3 project experience)? How would you negotiate or convince a client to pay 40% upfront? What if they insist that they cant trust you with 40% of the cost without any design/content provided by the designer?
@peter.dimitrov
Thanks for sharing Ran!
@edsensation
I do it differently. 90% of the time I get 100% payment up front. I explain the contract protects them and no additional fees applies. The moment they say they want to split payments, I add fees such as transaction fees and taxes. Think of that like interest for splitting payments.
50% to start means that you get partial money to begin work. If the client agrees to this which they do, then 50% mid point to completion. Meaning once I’ve done 50% and you sign off saying you wish to proceed, then I’m not lowering crap, I’ve already proven myself to you that I’m capable of satisfying 50% of the goal. I have solid leverage to request the final 50%.
Instead by dissecting the final 50% into 25% payments, it now creates more administrative labor for you collecting fees. I see no reason for that. Collect the 50% mid project.
Then towards the end offer an up sell. Collect a bonus 25%.
That’s how I’ve done it for 7 years friends.
@shawnastephens7021
Great content…Thanks for sharing!! Would be nice to see a sample contract or how you go about structuring one.
@chizzycity5585
I usually get my clients to pay the downpayment of 50% and the rest after the project is finished before I deliver the final design package to them. The strategy of yours is interesting.
@webdesignerandrew6957
I think paying someone in advance will give me a lesser result because it will take away the motivation for then to make something really impressive.
@EdLrandom
If you have a flip out screen you need to try manual focus.
@EdLrandom
Love this video, I'm actually in this situation right now. I have a question: I work as a freelance designer mostly with clients from abroad, how do I get my new clients to trust me if they don't see me personally? I want to start taking 40% or 50% as downpayment too.
@ahsath
Would be nice to see an example contract
@reynielcaldera1385
This is really helpful!! Thanks!