What are the best payment schedules for freelancers?
An example of an AI chatbot conversation about freelance payment schedules.
What are the best payment schedules for freelancers?
Freelancers often use various payment schedules, such as hourly, milestone-based, or monthly payments. It depends on the project.
Can you explain milestone-based payments?
Sure! Milestone-based payments involve breaking the project into phases, with payments made upon the completion of each phase.
What are the pros and cons of hourly payments?
Hourly payments provide flexibility and can be beneficial for ongoing projects, but they may lead to uncertainty in total costs.
How can I set up a payment schedule with my clients?
You can discuss payment terms upfront, create a contract outlining the schedule, and use invoicing tools to manage payments.
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