A Freelancer's Worst Nightmare - How to Get Clients to Pay
By Lolaness, published Jan 17, 2006
Published Content: 475 Total Views: 2,928,506 Favorited By: 185 CPs
Sadly, there's not always a lot you can do after the work has been performed. In the meantime, take a few steps to ensuring that you receive payment for future work and do the few things that you can do to try and get the delinquent client to pay up.
Advance Planning
Now that you've been bitten by the biggest we all face as freelancers, it's time to make sure that the liklihood of it happening again is very low.
First, you will want to look at the payment process you have in place. If at all possible, try to institute a new policy that requires 1/2 of the total payment on contract, the second 1/2 of total payment due upon delivery of the finished work. Sometimes, this simply isn't possible - but if you're accepting the projects, not soliciting them, then you have a lot more leeway in this respect.
If you are performing most of your freelance work via a freelance board like Guru.com, you won't be able to dictate the terms of payment. Instead, you will want to take a careful look at the policies your board has in place. Guru.com, for example, has a high success rate because they report so fully on any "contractors" who ask for work to be performed. All freelancers interested in the work a contractor has described are able to view how many payments the contractor has sent, how much money they have sent in total, and how much time on average has lapsed between invoice and payment made.
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Takeaways
- Look at your payment policies to prevent future problems.
- Study the policies of freelance boards you are working through to pinpoint possible problems.
- Always get a signed and dated contract - it's the best insurance you can have.
Resources
- Additional Reading:Mind Your Business - www.sfgate.com/cgi-bin/article.cgi?file=/chro - A great article on how to get clients to pay on time. How To Collect Payments - www.entrepreneur.com/article/0,4621,279117,00 - Thoughts on payment policies so that you can avoid deadbeat clients. Getting Clients To Pay Up - www.nolo.com/article.cfm/objectID/9F742D78-0A - A discussion of several legal methods you can do to convince late clients to pay their bill.
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Nicky Mares
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Posted on 02/24/2008 at 6:02:24 PM
Nicky Mares
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Posted on 02/24/2008 at 6:02:57 PM