In freelancing, milestones are specific points in a project timeline that signify the completion of a major task or set of tasks. Payment schedules are often tied to milestones, ensuring that the freelancer receives payment at different stages of the project. This can be especially useful in long-term projects.

What are milestones in freelancing?

Milestones are specific goals or checkpoints that a freelancer and their client agree upon in order to track progress and ensure that the project is on track. They are typically tied to payments, with the client releasing funds once a milestone has been completed to their satisfaction.

How do I set milestones with a client?

When setting milestones with a client, it's important to be clear and specific about what each milestone entails and what the deliverables will be. Make sure that the milestones are achievable and realistic, and that they align with the overall project timeline. It's also a good idea to discuss payment terms and ensure that both parties are comfortable with the payment schedule.

What happens if I don't meet a milestone?

If you don't meet a milestone, it's important to communicate with your client as soon as possible. Be honest about the reasons why you weren't able to meet the milestone, and work with the client to come up with a plan to get back on track. Depending on the severity of the delay, you may need to adjust the project timeline or renegotiate the payment schedule.

Can milestones be changed once they are set?

Yes, milestones can be changed if both parties agree to the changes. However, it's important to be transparent and communicate any changes as soon as possible. Make sure that the changes are documented and agreed upon in writing to avoid any confusion or misunderstandings later on.

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WorkMade is an all-in-one banking and accounting app designed specifically for freelancers! WorkMade gives you access to: zero-fee business banking, automated bookkeeping, fast and easy invoicing, and quarterly tax estimations and payments.

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