What are the differences between retainer and project-based work?
An example of an AI chatbot conversation about retainer vs project-based work.
What are the differences between retainer and project-based work?
Retainer work involves ongoing services for a fixed fee, while project-based work is for specific tasks with a set budget.
Which option is better for freelancers?
It depends on your business model. Retainers provide steady income, while project work can offer higher payouts for specific tasks.
What are the advantages of retainer agreements?
Retainer agreements ensure consistent cash flow, foster long-term client relationships, and allow for better planning.
Are there any downsides to project-based work?
Yes, project-based work can lead to income fluctuations and may require constant marketing to secure new clients.
How do I decide which model to choose?
Consider your financial needs, the nature of your services, and your client relationships. A mix of both can also work well.
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