How Consultants Get Paid
The gig economic system is booming – and, it seems that freelancing remains on the rise. Based on the Freelancers Union, almost fifty-seven million Americans were freelancers in 2020, and that amount is increasing.
When you decide to be a freelancer, you’ll need to decide just how exactly you want to get paid.
If you choose to be a consultant, you might run into some different payment options selected by the various consultant employers. Here are some of the standard options and the advantages and disadvantages:
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Table of Contents
1. Lump Sum
2. Daily or hourly Charges
3. Per Unit Rates
Hints for Getting Paid
Monthly invoicing is a typical approach to take for a freelancer and a great way to manage your payments.
Sending an invoice does not assure payment. Create a system to make sure you are getting paid out and talk it out – politely – to slow to spend customers. They could be hectic, though it is also likely they are unwilling to spend. Whether they are only dragging their feet, or have an issue with your service (or perhaps the billing process), speak to reduce conditions from getting out of handl. Once again, several billing services manage this particular process for you.You can send a reminder like this for example, “send a reminder after thirty days” if an invoice remains unpaid.