“I used to invoice based on an hourly rate, which seemed fair to my clients. After an experience where a client didn’t pay me and the lawyer told me that I would have to prove in court exactly.
what I did per hour, which would be impossible in retrospect without access to my accounts (they’ve already taken them away from me), I changed my approach to a fixed monthly fee.
Then there’s nothing to deal
with in court and no need to prove anything. But internally, I continue to work on an hourly rate, for which I have a monthly fee budgeted and I know how many hours I have for each client.”
But ultimately, the company investor database is interested in what will actually happen at a given time and what impact it will have on their business. How to be sure that priorities are being worked on?
Or how to predict in advance what results a given specialist/agency will deliver? It is then somewhat tempting to choose a performance-based form of remuneration.
Only 4% of respondents
use some form of success fee to determine best drag and drop website builder – updated 2023 their compensation. Based on turnover or turnover growth. For example, like this:
“Usually, the fulfillment of goals is x% according to a scale – 95% – 100% | 101% – 105% | etc., accordingly, the amount of services is multiplied by the agreed % or a pre-agreed fixed amount is charged for each range.
The scale is individual for each client, this is just an example.”
I have to admit that we never maldivian lads managed to agree on a success fee that would satisfy both parties. On the contrary, it raised questions about transparency, measurement, etc. every month.
But maybe it’s because we never set the right conditions. However, many of you mentioned similar problems in the comments.