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Help!!!! This might be my way out of the struggle!!

Discussion in 'Introductions' started by whodat, Jul 2, 2013.

  1. whodat

    whodat BANNED BANNED

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    hi every one I been a member of BHW for a few years.
    Dont post much but i have learned so much from you guys and I thank you all


    Ok so here the deal.

    I met some one recently who been loving my facebook post about the benefits of seo,PR etc..
    I'm a web designer as well so many ppl are interested in the services i offer.
    This company visited my website and loved all my services etc..
    I just got off the phone with them and they want me to do websites with mobile apps included it has to be both because of the service they offer i cant go into details please understand why. and they have sales team over 5,000.
    They Asked if i can handle this and the first thing that came to mind was outsource so i said yes.

    I will be having another conference call today with the ceo to talk numbers etc..

    I want to be fair with these guys and i want to know if there is any kind of way i can request a check up front. Because i do need the money.
    Can there be a reason why i would need this up front money if im designing almost 2,000 sites in the next 60 days
     
  2. Conor

    Conor Jr. VIP Jr. VIP

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  3. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Premium Member

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    Nothing wrong in asking at all but you should definitely ask for 25%-75% upfront anyway, with the remainder paid on completion of the project.
     
  4. Adlad

    Adlad Power Member

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    Why would you invest your time and money in 2,000 sites without some assurance from the client? Sounds extremely risky to me
     
  5. b1step-ahead

    b1step-ahead Power Member

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    hell yeah get the money up front,, at least half or work something out, they could sense the fact that your small, and might get one over on you. 2000 sites? That's 33 sites a day for the next 60 days, your going to be busy or your team is. Are they established, been around for a while, have good reviews, reason I ask is yes they have 5k people in sales, but this could be a start up. There not a roofing company by any chance. Had a friend that got burned by one. Set benchmarks, after so many are done, the next payment gets sent out in 3 business days etc..
     
  6. Kimi

    Kimi BANNED BANNED

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    50% upfront, 50% after - make it on a contract.

    Don't outsource if you haven't worked before with the ones you hire.
     
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  7. BHopkins

    BHopkins Moderator Staff Member Moderator Jr. VIP

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    They should be agreeable to what Kimi suggested.
     
  8. phracktl

    phracktl Regular Member

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    Good advice above. I would be particularly wary, as others have said, about a buyer who is somewhat overly keen.

    Dont look at it as requesting money 'up front'. Its perfectly normal to get a retainer or early part payment, as it reduces risk for both parties and makes sure all have skin in the game

    As this is no doubt a 6 figure contract (you will produce one, yes?)...say your typical commercial terms are (say) 20% payment on signature, 30% on fulfilment of x/y/z (eg. on acceptance testing), and the balance within 30 days of project fulfilment.

    If they dont want to pay, theyre not serious or have cashflow problems (seriously, run a credit check on them) and walk away

    Choose who you do business with
     
  9. Trepanated

    Trepanated Supreme Member

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    Yes, you definitely want an upfront payment and if they don't want to do that they are not serious.

    I would explain what you will be doing for them in detail and tell them you will send across the draft contract.

    Then say that you can start the project as soon as they have signed and returned the contract and you have received the first payment.