Blog

Web Designer on a Retainer

Posted by:

A retainer is a fee paid for a pre-determined amount of time or work. Most commonly, a percentage of a retainer is paid up-front for a specified number of hours or days of work within a time period.
Benefits of a Retainer
A retainer benefits both the graphic designer and client. For a graphic designer, a retainer is a safety net, a guaranteed amount of income over time. For this reason, it is recommended to always have a contract spelling out the terms of the agreement. With much of a freelance income often based on sporadic projects, a retainer is an opportunity to know how much money will be made from a particular client.
For the client, a retainer guarantees that a graphic designer will provide a certain amount of work, and potentially prioritize that work. With freelancers often pulled in many directions, it gives the client consistent hours from a designer. In addition, clients will often get a discount on the designer’s hourly rate. Since the client is pre-paying and guaranteeing a certain amount of work, a discount is often given in return.
Common Retainer Arrangements
Monthly – A designer is paid a monthly fee, often in advance, for a certain numbers of hours worked. The designer tracks hours and bills the client for work beyond the amount agreed upon, either at the same discount or a full rate. If the designer works less than the agreed amount, that time can be rolled over or lost.

Annual – A designer is paid a certain amount per year for a specified number of hours or days worked. An annual agreement does not keep the designer on as strict a schedule as a monthly contract, but the same conditions apply.
Project – A designer is paid to work on a continuing project, for a specified amount of time or until the project is finished. This is similar to working for a flat rate for a project, but generally more for ongoing work rather than the development of a new project.
No matter what the specifics of the arrangement are, a retainer is often a great way to guarantee some ongoing income, while often giving the client a discount and establishing a long-term relationship.



About the Author:

Angel Anderson “The Head Viking” unique military approach, marketing creativity, business and life strategies have proven to bring results in many markets online and offline. Know more about Angel here http://www.angelanderson.com

Add a Comment