Written By: Rosanna Webb Managing cash flow and achieving a stable income are among the foremost challenges encountered by freelancers. In the fluctuating world of freelance work, it’s essential to find strategies that ensure a steady stream of revenue and protect against unpredictable payment schedules . One effective approach I’ve found is using retainers and upfront payments. These strategies not only provide financial security but also help in building stronger client relationships. I’ll share insights on how to effectively use retainers and upfront payments to secure your freelance income. Understanding Retainers and Upfront Payments Before diving into the strategies, it’s important to clarify what retainers and upfront payments are: Retainers : A retainer is a fee paid in advance to secure my services over a specified period. It acts as a commitment from the client, ensuring that I am available for their projects or needs during that time. Retainers are typically used...
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