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Do you have to pay monthly for retainers?

A retainer fee is a fixed fee that the client agrees to pay based on their anticipated need for your services, and the anticipated volume of work. The fixed fee is either a single advance payment, a recurring monthly fee, or an annual fee.

How does retainer billing work?

A retainer fee is an advance payment thats made by a client to a professional, and it is considered a down payment on the future services rendered by that professional. Regardless of occupation, the retainer fee funds the initial expenses of the working relationship.

How are monthly retainers calculated?

Multiply your hourly rate, with tax included, by the number of hours required to get your retainer fee. Any other expenses should be added to this number, such as supplies or processing and legal fees.

What is a retainer fee and how does it work?

A retainer fee is an advance payment thats made by a client to a professional, and it is considered a down payment on the future services rendered by that professional. Regardless of occupation, the retainer fee funds the initial expenses of the working relationship.

How do you structure a monthly retainer?

How to set up a retainer agreement Hourly. Offer the client a specific number of hours of work per month. By deliverable. Promise to deliver a set number of products or services per month. For access. In some instances, a client might pay a monthly fee for access to your services.

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