Just recently went from $50.00 to $100.00 on most events. I find more and more are paying up front or giving bigger deposits anyway so it's not an issue here
Retainer Fees!
- Thread starter DJMN
- Start date
I call mine a booking fee and in light of hitting the 1,000 barrier most often than not I have required 300 with no issues.
Here is what I am going to do.........
$100 Booking fee.......but I will increase my booking price by $100. If my client ends up doing their event, I will give them their $100 back. If a client cancels within 30 days, they will be responsible to pay 50% of the total booking price. If they cancel with more than 30 days, I still keep the $100.
When I really thought about it, I would make more money, charging $100 EXTRA, as compared a client saying 50% is just way too much to "hold" a date. Yes I would like to screen my clients and see how serious they are, but even I, as a customer, would probably balk at 50% down. Ishda!
$100 Booking fee.......but I will increase my booking price by $100. If my client ends up doing their event, I will give them their $100 back. If a client cancels within 30 days, they will be responsible to pay 50% of the total booking price. If they cancel with more than 30 days, I still keep the $100.
When I really thought about it, I would make more money, charging $100 EXTRA, as compared a client saying 50% is just way too much to "hold" a date. Yes I would like to screen my clients and see how serious they are, but even I, as a customer, would probably balk at 50% down. Ishda!
I think that would add to the confusion but you know your market better than I do. I try to adhere to the KISS principle and not complicate the simple
Ours is 200 dollars final to be paid no later than 2 weeks before the event. If they hire us when its 2 weeks or sooner away then full amount required at signing. No problems here either.
G
Guest
Guest
Arent You In Maryland?
goodnight, arent you in maryland? isnt 25% the legal limit for a deposit for contract work in Maryland?
goodnight, arent you in maryland? isnt 25% the legal limit for a deposit for contract work in Maryland?
But, is it a deposit or a retainer. Mine is a retainer, to hold the date. Deposits are refundable if you don't do the work, the retainer says I will hold the date, and it covers any preliminary work and expenses, so even if the job is canceled the retainer stays with me.