Ever meet clients who promised e world but could not even deliver on payments?
Was talking to a model a few hrs back n realised that some companies just love to delay paying e models n photographers.
Some pay u a few months late despite u calling them up everyday.... call transfer u all over e place... give excuse like wat boss not around to sign e cheque.... or accounting pple bo zo kang.......
Has anyone experienced such situations?
Anyway to prevent it from happening?
Hello Designerwhere,
I am sorry to hear that this has happened to you. The company you are dealing with sounds fishy. I hope that you will find better clients that pay on time. We have come up with a few steps to negotiate with potential non-paying or late paying clients. I am assuming that this is the 1st job for the client.
1. When you are shooting a for new client, try to do a background check with your peers or your client's peers about their reputation. If clients are the late/non paying types, folks in the industry will hear about their misdoings soon enough. Singapore is a really small city and word gets around very fast.
2. If the company is very new (eg < 6 to 12 months), that is another sign to note. Some new companies will give 3 month payment terms hoping they can rollover because of cash flow issues. This is especially true of companies with low startup capital.
3. After gathering the information, you still have a choice of working OR not working with them.
4. If you are going to work with them, ask for a 50% deposit on signing the contract and before work starts and the other 50% with a 30 day term on delivery. By ensuring that you get the 50%, it will give you funds to get pay for assistants, transport, work material, etc. Make sure your contract covers all the angles.
5. If the company is willing to pay the 50%, it means that they are serious about getting you to shoot for them. It also probably means they have real money in the bank. That is a good sign. If the company says that their boss or finance person is not around to sign the 50% cheque, it's a REALLY bad sign. It's a very common excuse for stalling/non payment. If you decide to carry on the shoot without the 50%, there's a high chance that they will not pay you on time after delivery.
6. If the company is not willing to give a 50% payment and you still want to work for them, ask for COD (Cash or Cheque on Delivery). It literally means that the cheque has to be in your hands before you hand over the deliverables. If the amount is small, you can ask for a cash cheque or real cash. It all depends on how you negotiate. If the cheque bounces, you can take legal action.
Best
Wesley