Hi all, I didn't know where to place this thread... Please move it accordingly if you need to.
I provide a service to my clients on a quarterly basis. I provide them with X amounts of a service for a set amount of money.
My question is, should I be asking for upfront payments? The largest package I offer my clients is at $1500 for X amount of services over a 3 month period.
I've had 3 clients pay upfront in full and 4 others, who wanted to pay a 20% deposit and the rest, at the end of the contract.
I want to build a trusting and last relationship with my clients, however, a $300 deposit from one client to last over 3 months doesn't sit well with me.
Basically I want to collect upfront payments in full (as many as I can) and then complete the services for the clients over the contracts period.
Let's say I had 10 clients. The way I see it is,
10x $1,500 = $15,000 over 3 months (whilst paying myself a weekly wage) is better than
20% deposits = $3,000 over 3 months then chasing clients for the remaining fees.
I've been in business for 2 months now, and I'm really trying to get this right. There's a lot of work coming in, and I'm contemplating hiring someone to help me out.
I'd appreciate your thoughts and opinions on how to best approach this.
Cheers!
I provide a service to my clients on a quarterly basis. I provide them with X amounts of a service for a set amount of money.
My question is, should I be asking for upfront payments? The largest package I offer my clients is at $1500 for X amount of services over a 3 month period.
I've had 3 clients pay upfront in full and 4 others, who wanted to pay a 20% deposit and the rest, at the end of the contract.
I want to build a trusting and last relationship with my clients, however, a $300 deposit from one client to last over 3 months doesn't sit well with me.
Basically I want to collect upfront payments in full (as many as I can) and then complete the services for the clients over the contracts period.
Let's say I had 10 clients. The way I see it is,
10x $1,500 = $15,000 over 3 months (whilst paying myself a weekly wage) is better than
20% deposits = $3,000 over 3 months then chasing clients for the remaining fees.
I've been in business for 2 months now, and I'm really trying to get this right. There's a lot of work coming in, and I'm contemplating hiring someone to help me out.
I'd appreciate your thoughts and opinions on how to best approach this.
Cheers!
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