Are you experiencing any trouble when it comes to payment collection?
Here are 4 payment terms every freelance animators need to set to secure payments and avoid feeling exploited:
1. Get A Deposit
This payment term allows you to charge a deposit, usually 50%, of the total fee upfront.
2. Payment Due Dates
Set due dates for any payment term. For example, "50% advance payment is due on <date>, and the remaining balance is due on <date>".
3. Track Invoices
Keep a detailed record or get automated software to help you track invoices and payments.
4. Additional Work Fee
Establish that any work beyond the contracted scope of work will have additional costs.