Securing the Funds While Freelancing in 4 Easy Steps
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Securing the Funds While Freelancing in 4 Easy Steps

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Talking money is uncomfortable, but sometimes it has to be done. Especially as a freelancer. A few tips you need to know before going to the negotiation table.

Let’s be real, talking money makes a lot of people uncomfortable. But business is all about money, especially when you’re running your own. Yes, freelancers are running their own companies, especially when they’re managing several clients at a time.

Here are some tips that might make for a smooth process securing the dough.

Credit: Robert E Blackmon

Set Your Rate

Talk to your client about what you expect to be paid for your time. Do you want to be paid by the hours you work, the deliverables you produce, or the results you pull for your company? It's up to you. The only way you can decide is by talking with your clients to make sure you are being compensated for your time and work.

Talk About Expectations

Make sure you discuss how you will be paid and how often you will receive payment. We don’t often think about these issues ahead of time, but it’s important to get on the same page. You don’t want to send a deliverable and expect payment right away, only to receive it a month later.

Keep Track Of Your Work

Make sure you track how much you’re working and what goes into the final product. The time you spend on each client should be catalogued, almost as if you were writing an invoice. This will help since some companies will ask you to list out the deliverables you managed to complete.

And what about how you get paid?

Credit: Jerry McGuire

Most companies on use Stripe, which is self-described as an online payment system for internet businesses. You will need to set up an account with the service and Pangea typically prompts you to sign up for it almost immediately after getting on to the platform.

Heads up…

It will ask you for a social security number and a bank account where the payments can land. Other than that Stripe is pretty simple.

So what are you waiting for? Now you have a few tips for getting paid and how you’ll get paid. Go send some proposals so you can actually put Stripe to good use.

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