7 Top creatives share their tips for getting paid on time
I originally posted this on Millo.
As a freelance creative or small business owner, it’s essential to get paid on time. Clients holding back on you can create those terrible thoughts of going back into full time employment.
Fortunately, there are ways to keep the cash flowing.
I’ve developed my own strategies, but I thought it would be good to hear from a selection of creatives how they get on as well. I asked a group of them how they ensure they get paid on time and the following is the most useful strategies that will help you.
Get paid up front
Long time designer and agency owner, Marksteen Adamson said:
“Scope out your project. Show the clients all the stages, including costs, and mention to them at the start that you will be charging 60% upfront and the rest on completion of the initial concept stage.”
This is something I completely agree with.
I’ve found that getting an upfront investment always sets the project off on the right foot.
Designer Thad Cox also agreed and said:
“I find that a watertight contract and a 50% deposit helps. I use a client questionnaire as a filter to flush them out and won’t agree to anything unless a deposit is secured and a contract is signed. All good clients have no problem doing this, only the dodgy ones.”
Get a contract and a signature
It sounds simple to get a contract signed, but i’m surprised how many creatives don’t do it. So always make sure you get everything scoped out in detail at the start.
I often find clients really appreciate this as it brings complete clarity to a project that they may not fully understand.
Get clear on timescale
You also have to be honest about the time you have allocated to be able to complete the project.
Creative Jason Craig said:
“If I am already booked up and can’t devote the time a project deserves, I will tell the client before I ever take a dime. They appreciate that honesty, some of them even wait until I can do the job. I send out these agreements knowing that it might not work for them and that is just how it goes. You can actually win them all if you don’t mind losing a few here and there.”
Get clients that are used to paying for creative work
Illustrator Andy J. Miller said:
“I know this is a really common problem, but for the most part I work with people who are used to paying for illustration on a regular basis and have good systems in place to make this happen systematically.”
Alex Mathers agreed and said:
“The best way to avoid being paid late is to work with good, respectful and professional clients. This comes from being a pro yourself, and finding a lot of client work, so that you can say yes to the better clients.”
You know as well as I do that being in the creative field involves building strong relationships, but it can be easy to get busy and forget to keep them going.
I’ve found that the better the relationships, the better the client is at paying.
Brent Galloway said:
“Thankfully I’ve built a pretty good relationship with all of my clients, so I haven’t had any issues. I always have some sort of contract in place, and depending on the size of the project I’d require a deposit.”
Experienced Designer Chris Do added:
“Most clients we have pay in a timely fashion. They’re large corporations for the most part and don’t avoid payment because they’re having cash flow problems. In fact, some clients pay us 100 percent up front or for future work yet to be determined. In 22 years only 2 clients have refused payment. One was angry, the other was a crook. Both of which I had a bad gut feeling about, but ignored it. Lesson learned.”
So there you go. Plenty of ideas to make sure you get paid on time. Let me know how you deal with this.