The Most Popular Payment Solutions for Freelancers (Charts)

What’s the best way to do one-time or recurring billing for your online business? That’s an important question for the growing legion of independent service providers transitioning countless business transactions onto the web.

That which is most popular may not be the best, but it’s a good place to start looking. Popular online invoicing service FreshBooks posted today two pie charts (below) quantifying the most popular services used by FreshBooks customers to bill their clients, both inside and outside the US. PayPal may be the winner in one-time billings, but not by much. In recurring billings, it’s not even close to number one.

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freshbookschartlogoWhat’s the best way to do one-time or recurring billing for your online business? That’s an important question for the growing legion of independent service providers transitioning countless business transactions onto the web.

That which is most popular may not be the best, but it’s a good place to start looking. Popular online invoicing service FreshBooks posted today two pie charts (below) quantifying the most popular services used by FreshBooks customers to bill their clients, both inside and outside the US. PayPal may be the winner in one-time billings, but not by much. In recurring billings, it’s not even close to number one. Leer más “The Most Popular Payment Solutions for Freelancers (Charts)”

Better Time Management for Improved Cash Flow

We’ve all heard it: time is money. And as much as we sometimes hate to look at it in such base terms, it’s mostly true. As service providers (designers and developers), the time we spend on a project is directly proportional to how much we’re getting paid. How we spend our time also has a big effect on when money comes in.

Timeismoney in Better Time Management for Improved Cash Flow

If we want to get a better grip on our cash flow, we need to get a better grip on our time first. Sure, we all recognize that the time we spend working effects our overall income. But it’s often hard to see the relationship between time management and cash flow. Regardless of how muddy the relationship seems, there are direct ties between how you manage your time and how much money comes in when. Read on for more information on how to better manage your time so you can better manage your finances.
Take a Wide View

Wideangleclock in Better Time Management for Improved Cash Flow

Time management is often dealt with on a micro level. We look at our time in blocks of fifteen, thirty, or sixty minutes, and assess how to best utilize those blocks. But when it comes to managing your time with an aim toward more stable cash flow, this micro-management doesn’t do much good.

What you need to do is take a macro view of how you’re spending your time, and manage it based on when you need to complete billable work. Rather than looking at time in blocks that make up a fraction of your day, look at it in terms of what you’re doing this week or this month.
Regular Billing Intervals

Regularintervals in Better Time Management for Improved Cash Flow

One thing you’ll want to consider when planning your long-term time management is the frequency at which you’ll be billing clients. There are a few things to take into account here. One has to do with how many projects you have going, and how staggered they are. Ideally, you’ll want your projects to overlap in such a way that you can send out bills on a weekly or bi-weekly basis. This means you’ll have money coming in virtually every week, which is a big plus for any freelancer’s cash flow.

The other thing to consider is how often clients are billed for work. Some designers might only bill their clients at the end of a project (in addition to a deposit up front, of course). While this results in larger payments, it also means payments are coming in less frequently. You’ll need to decide if you can justify billing more often during the project. Breaking down the project’s fee over three payments can not only aid your cash flow, but also your client’s.

Again, the goal here is to have money coming in on at least a semi-regular basis. Many freelancers will want payments arriving on a weekly basis, so there’s less budgeting involved. Others might prefer to have larger payments coming in less frequently. You’ll need to work out which system works better for you and the types of bills you have and then plan your projects so deadlines and billing cycles correspond with your desired payment schedule.


By Cameron Chapman

We’ve all heard it: time is money. And as much as we sometimes hate to look at it in such base terms, it’s mostly true. As service providers (designers and developers), the time we spend on a project is directly proportional to how much we’re getting paid. How we spend our time also has a big effect on when money comes in.

Timeismoney in Better Time Management for Improved Cash Flow

If we want to get a better grip on our cash flow, we need to get a better grip on our time first. Sure, we all recognize that the time we spend working effects our overall income. But it’s often hard to see the relationship between time management and cash flow. Regardless of how muddy the relationship seems, there are direct ties between how you manage your time and how much money comes in when. Read on for more information on how to better manage your time so you can better manage your finances. Leer más “Better Time Management for Improved Cash Flow”

A Designer’s Guide To Effective Proposals And Invoices

By Cameron Chapman

Because of the potential for variations in the different aspects of a web design project, creating a proposal or invoice for such a project can be trickier than that of another industry like accounting or legal services. If your proposal isn’t created carefully, it can lead to misunderstandings and unhappy clients (not to mention the grief it can cause you). The same is true for invoices: if it’s not clear what they’re paying for, clients can delay making payments or dispute charges.

There are two main factors to keep in mind when preparing a proposal or invoice: First, you’re likely dealing with people who are not yet your clients; and second, you’re dealing with clients who you (probably) hope will bring you repeat business. This article will offer a number of tips, based on those two principles, to help designers creative effective proposals and invoices.


By Cameron Chapman

Because of the potential for variations in the different aspects of a web design project, creating a proposal or invoice for such a project can be trickier than that of another industry like accounting or legal services. If your proposal isn’t created carefully, it can lead to misunderstandings and unhappy clients (not to mention the grief it can cause you). The same is true for invoices: if it’s not clear what they’re paying for, clients can delay making payments or dispute charges.

There are two main factors to keep in mind when preparing a proposal or invoice: First, you’re likely dealing with people who are not yet your clients; and second, you’re dealing with clients who you (probably) hope will bring you repeat business. This article will offer a number of tips, based on those two principles, to help designers creative effective proposals and invoices.

Calendar in A Designers Guide To Effective Proposals And  Invoices
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