As a freelancer, you’re probably resigned to the fact that your income is unstable. Your freelancing projects — and income — ebb and flow, depending on your marketing efforts, business seasons, or just plain luck.
But did you know you can have a regular, predictable income?
Yes, even if you’re a freelancer.
The way to have regular income is by working with clients on retainer basis.
What’s a Retainer?
By “retainer basis,” I mean you have a contract with your client that:
- specifies work you will do on a regular basis
- gets you paid a set amount on a fixed schedule, usually monthly
- covers a long period of time
Many businesses work on retainer basis, including lawyers and marketing agencies. Why not you, too?
Imagine setting up a regular subscription on PayPal, so your clients pay you automatically every month. You don’t even have to bill them.
Wouldn’t it be great to know for sure you will receive that income every month?