{"id":5418,"date":"2018-08-22T00:00:00","date_gmt":"2018-08-22T00:00:00","guid":{"rendered":"https:\/\/www.freelancermap.com\/blog\/freelance-retainer-agreement\/"},"modified":"2024-10-21T16:10:55","modified_gmt":"2024-10-21T14:10:55","slug":"freelance-retainer-agreement","status":"publish","type":"post","link":"https:\/\/www.freelancermap.com\/blog\/freelance-retainer-agreement\/","title":{"rendered":"What is a Freelance Retainer Agreement?"},"content":{"rendered":"\n<p><strong>One of the biggest obstacles you\u2019ll ever encounter as a freelancer is an inconsistent monthly income. When your bills remain almost the same year-round, but your income fluctuates every month depending on how many projects you are able to take on, freelancing can quickly begin to feel like an unsustainable, stressful career to have.<\/strong><\/p>\n\n\n\n<p>That being said, there are still ways freelancers can make their monthly <strong>workload more reliable<\/strong>. The key way to secure your freelance career is by finding <em>recurring&nbsp;<\/em>work in something like a <strong>freelance retainer agreement<\/strong>.<\/p>\n\n\n\n<p>In this article, we\u2019re going to cover <strong>what this type of work looks like<\/strong>, <strong>when it\u2019s worth using a retainer agreement<\/strong>, and why you should be <strong>focusing on this type of freelance work long-term<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is a Freelance Retainer Agreement?<\/h2>\n\n\n\n<p>A <strong>freelance retainer agreement&nbsp;<\/strong>is a <strong>contractual relationship&nbsp;<\/strong>between you and a company, <strong>guaranteeing a certain amount of work&nbsp;<\/strong>(either agreed via a predetermined amount of hours, or a project with agreed tasks to be completed) at a specific rate for an agreed amount of time.<\/p>\n\n\n\n<p>This agreement tends to be recurring, either on a weekly or monthly basis, and the purpose of it is to allow you to schedule your work ahead of time.<\/p>\n\n\n\n<p><strong>Freelance retainer agreements<\/strong> are also a great way of <strong>ensuring you have a consistent flow of income&nbsp;<\/strong>without having to pitch for new projects every single month.<\/p>\n\n\n\n<div class=\"wp-block-group has-background\" style=\"background-color:#b1c3b7\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-align-center has-background\" style=\"background-color:#b1c3b7;font-size:18px\">Join our freelancer community today! <br>Create your profile in just 2 minutes and start attracting new clients.<\/p>\n\n\n<div class=\"su-button-center\"><a href=\"https:\/\/www.freelancermap.com\/registration?ref=blog-com-retainer-agreement\" class=\"su-button su-button-style-default\" style=\"color:#222222;background-color:#FCF2DB;border-color:#cac2b0;border-radius:20px\" target=\"_self\"><span style=\"color:#222222;padding:0px 20px;font-size:16px;line-height:32px;border-color:#fdf6e6;border-radius:20px;text-shadow:none\"> <strong>Sign up for free<\/strong><\/span><\/a><\/div><\/br><\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">When Would You Use a Retainer Agreement?<\/h2>\n\n\n\n<p>Freelance retainer agreements are recommended for work that you do for your clients on a <strong>regular basis<\/strong>. This could include work such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Social media marketing<\/li>\n\n\n\n<li>Blog writing<\/li>\n\n\n\n<li>Website maintenance and design<\/li>\n\n\n\n<li>Branding &amp; marketing<\/li>\n\n\n\n<li>Content creation<\/li>\n\n\n\n<li>Email marketing<\/li>\n\n\n\n<li>Long-term, complex projects that require a certain number of hours from you each week<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Benefits of Freelance Retainer Agreements<\/h2>\n\n\n\n<p><strong>Securing&nbsp;<\/strong>just one <strong>freelance retainer agreement&nbsp;<\/strong>with a client can be career-changing, and many more experienced freelancers move towards having <strong>several long-term freelance&nbsp;<\/strong>retainer agreements rather than constantly pitching for new work.<\/p>\n\n\n\n<p>The <strong>key benefits&nbsp;<\/strong>of working this way as a freelancer include:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A Stable Income<\/h3>\n\n\n\n<p>Typically, <strong>freelance retainer agreements&nbsp;<\/strong>will be paid in advance, or have a specified rate agreed in a contract between you and the client.&nbsp;<\/p>\n\n\n\n<p>This means that each month, you have a <strong>guaranteed amount of income&nbsp;<\/strong>(or can estimate if you are invoicing on a per-hour basis). For freelancers who are used to wildly-fluctuating incomes each month depending on how much work your regular clients have or how much new work you can pitch for, this kind of agreement can help ease your mind that, at the very least, you can guarantee your bills will be paid.<\/p>\n\n\n\n<p>Another great tip to ensure a more stable income is to <a href=\"https:\/\/www.freelancermap.com\/blog\/passive-income-for-freelancers-in-7-tips\/\">diversify your freelance income<\/a>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A Clearer Work Schedule<\/h3>\n\n\n\n<p>When you have agreed a set amount of work or a set number of hours with a client, you can <strong>schedule your workload&nbsp;<\/strong>each week far more easily. You will know how much time you need to set aside for this <strong>recurring work<\/strong>, and can scale up or down your irregular workload to whatever suits you.<\/p>\n\n\n\n<p>As most retainer agreements <strong>require notice&nbsp;<\/strong>if the client no longer has enough work, you should always be able to have a good idea of what your work schedule looks like in the upcoming months.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A Stronger, More Reliable Working Relationship<\/h3>\n\n\n\n<p>Having an <strong>agreement with a client&nbsp;<\/strong>on how much work you will do in a certain amount of time is far less stressful than having to endlessly pitch for clients, negotiate on rates, and chase for payment.<\/p>\n\n\n\n<p>Likewise, it is far easier for a client to know that the tasks they need completing are in-hand every month for a fixed fee, and that they are <strong>always working with a reliable and trustworthy freelancer&nbsp;<\/strong>that they know. These kinds of agreements aren\u2019t just beneficial for freelancers &#8211; they\u2019re really a win-win for everyone.&nbsp; It\u2019s a great way to <a href=\"https:\/\/www.freelancermap.com\/blog\/strong-relationships-with-clients\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">build a strong relationship with your client<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Drawbacks to Retainer Agreements<\/h2>\n\n\n\n<p>With all that being said, there can be some drawbacks to a freelance retainer agreement. Here are a few obstacles you may encounter and how to deal with them:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Over or under-delivering on projects<\/h3>\n\n\n\n<p>Many freelancers feel as though they need to charge a lower fee with the understanding that the work they receive will be a long-term agreement. While there is nothing wrong with <strong>slightly discounting your rates<\/strong> because there are huge benefits to recurring work, you need to be careful that you are not over-delivering on projects and spending too much of your time for not enough money.<\/p>\n\n\n\n<p>Likewise, it can be easy to get a little lax with your work once you have a guaranteed income from a client each month, but it\u2019s important to ensure that you are giving them their <strong>money\u2019s worth<\/strong>. If you are working on an hourly agreement, be sure to <strong>track your hours&nbsp;<\/strong>and ensure that you are keeping to your workload as promised.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Being on-call<\/h3>\n\n\n\n<p>Another drawback that you might encounter is your clients treating you as if you are \u2018on call\u2019. For some clients, it can be easy to <strong>confuse having a freelancer on retainer&nbsp;<\/strong>as having a <strong>full-time employee<\/strong>.<\/p>\n\n\n\n<p>As such, you may be asked to do tasks at the last minute, and it can be difficult to say no to this as a freelancer when you have a good deal going. If you find yourself constantly <strong>inundated with requests for additional&nbsp;<\/strong>work outside of your agreed terms, it may be time to <strong>re-negotiate your <a href=\"https:\/\/www.freelancermap.com\/blog\/5-must-have-clauses-for-any-freelancer-contract\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">contract terms<\/a>&nbsp;<\/strong>with your client to ensure you are fairly compensated for the work you do.&nbsp;<\/p>\n\n\n\n<p>Overall, a <strong>freelance retainer agreement<\/strong> can be the <strong>cornerstone to building a secure and sustainable freelance career<\/strong>. If you can identify existing clients for whom you think a retainer could be mutually beneficial, pitch them with your suggestion and rates. Providing both parties act fairly, this is an agreement with the potential to be a great deal for both clients and freelancers.<\/p>\n\n\n\n<p><em>Do you use freelancer retainers already? Share your experience with us!<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.freelancermap.com\/registration?ref=blog-com-retainer-agreement\"><img decoding=\"async\" width=\"1024\" height=\"297\" data-src=\"https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2024\/07\/cta-blog-freelancermap-sign-up.png\" alt=\"Looking for freelance projects? Register for free on freelancermap and land new clients a 0% commission fees\" class=\"wp-image-42927 lazyload\" data-srcset=\"https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2024\/07\/cta-blog-freelancermap-sign-up.png 1024w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2024\/07\/cta-blog-freelancermap-sign-up-300x87.png 300w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2024\/07\/cta-blog-freelancermap-sign-up-768x223.png 768w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2024\/07\/cta-blog-freelancermap-sign-up-720x209.png 720w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2024\/07\/cta-blog-freelancermap-sign-up-580x168.png 580w, https:\/\/www.freelancermap.com\/blog\/wp-content\/uploads\/2024\/07\/cta-blog-freelancermap-sign-up-320x93.png 320w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1024px; --smush-placeholder-aspect-ratio: 1024\/297;\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>One of the biggest obstacles you\u2019ll ever encounter as a freelancer is an inconsistent monthly income. When your bills remain almost the same year-round, but your income fluctuates every month depending on how many projects you are able to take on, freelancing can quickly begin to feel like an unsustainable, stressful career to have.<\/p>\n","protected":false},"author":3065,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","footnotes":""},"categories":[3407,3006],"tags":[3491,3503,3497],"class_list":["post-5418","post","type-post","status-publish","format-standard","hentry","category-management","category-marketing","tag-contracts","tag-dealing-clients","tag-legal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is a Freelance Retainer Agreement? - Freelancermap blog<\/title>\n<meta name=\"description\" content=\"Are you tired of having an inconsistent monthly income? 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