I can still remember the very first time somebody hired me to write for them on a freelance basis. A thought flitted through my mind: “Who is this person and how do I know she will pay me?”
I was being hired to write web articles and would be paid per article. So I wrote just a few articles initially – as a way of “testing” my client.
Boy, was I ever so pleasantly surprised when my client paid me within minutes of receiving my Paypal invoice.
I’ve never really been stiffed by a client. The worst experience I’ve ever had was when a client sent me a Paypal e-check that didn’t clear. I had to wait a few days but the payment eventually came through.
Nevertheless, I do take steps to protect myself. With new clients, I ask for a 50% down payment before I begin work. And then I invoice for subsequent payments as I complete a specific stage of the project.
But since I haven’t been taking on new clients, I simply bill my current clients at the end of each month.
How about you? Have you ever been stiffed by a client? What did you do? And what do you do to protect yourself?
Do share by posting a comment below. Thank you!