Started asking for deposits on big projects lately. Feels like it weeds out tire-kickers and gives me a buffer. But I’m second-guessing myself.
Anyone else do this? How’s it working out? Curious if it’s standard practice or if I’m overstepping.
Never tried deposits. Just work with folks I trust. Simple’s better for me.
I just invoice when the job’s done. No deposits for me.
Keeps things simple. If a client seems iffy, I pass on the job.
But hey, if it works for you, go for it. Everyone’s got their own way of doing things.
Deposits have been a lifesaver for my business. Started asking for them about two years ago when I got burned by a big client who bailed halfway through.
Now I typically ask for 30% upfront on anything over $5000. It’s enough to cover initial costs and shows the client is serious.
Had a few grumbles at first, but most understand when I explain it’s to cover materials and time. One trick that’s worked well is offering a small discount (like 2-3%) if they pay the full amount upfront instead of a deposit.
Just be clear about your deposit policy in your quotes and contracts. And have a process for refunds if things fall through on your end.
It’s definitely helped with cash flow and weeding out flaky clients. Give it a shot and see how it goes for you.
Deposits are fine, but not always needed. I’ve been in this game for years and rarely use them.
Clear contracts and payment schedules work just as well. I bill at set milestones or weekly. Keeps cash flowing and clients on track.
If a job’s big, I might ask for some upfront. But it’s not a deal-breaker. Good clients pay on time without the hassle.
Bottom line: do what works for you. If deposits help you sleep at night, go for it. Just keep it simple and be ready to explain why you need it. Don’t overcomplicate things that don’t need it.
Totally get where you’re coming from. I’ve been doing deposits for a while now and it’s been a game-changer. Here’s my take:
Pros:
- Filters out non-serious clients
- Gives you a cash cushion to start
- Shows the client is committed
Cons:
- Some potential clients might balk
- Extra admin work upfront
I usually ask for 25-50% upfront, depending on the project size. It’s saved my bacon a few times when clients ghosted mid-project.
Just make sure you’re clear about the deposit terms in your contract and be ready to explain the benefits to clients who aren’t used to it.
Overall, I’d say stick with it. It’s pretty standard in freelancing these days and it’s helped me sleep better at night.
Deposits can work, but they’re not for everyone. I prefer keeping things simple.
Clear payment terms upfront and regular invoicing usually do the trick for me. If a client’s sketchy, I trust my gut and pass on the job.
Ultimately, it’s about what works for your business and clients. Try it if you want, but don’t overcomplicate things.