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I have been doing consulting for years now, and this is my policy. Invoices unpaid for more than 30 days, get a 10% late fee. Late for more than 60 days, no mo
by jorgeleo 12y ago
I have been doing consulting for years now, and this is my policy.
Invoices unpaid for more than 30 days, get a 10% late fee. Late for more than 60 days, no more work of any kind untill all invoices are paid.i work to make a living and expecting prompt payment is reasonable, not a favor
After last invoice paid, 30 days of free bug fixes. After that, the client had enoug time to report any problems, so anything else is goes into maintenaince fee.
If a potential client does not agree with this terms, then it will be a client that is more expensive than what i can afford, so i reject the work and move on. Specially the manipulative ones that try to guilt trip into fixing for free whatever they want, i don't need those.
So te question is, are you into freelancing to make money or to do favors?
- curiousbiped 12y agoBack when I did IT consulting, I got better returns by bumping up the base rate and offering them 20% discount if they paid on the day the work was done, 15% if within 7 days, and and 10% if within 14 days. Some customers will whine and moan about late fees and try to weasel out even if they're in the contract, but if you offer discounts for quicker payment, suddenly they're running after you to pay right away. At least in my experience.
- jorgeleo 12y agoDidn't think on that, thank you