Wednesday
Feb102010
60 is the new 30
Wednesday, February 10, 2010 at 10:04AM Anyone else noticing this? Up until about a year ago, Net 30 on the invoice date was pretty much the standard way of getting paid. A week or two late was not uncommon and nothing to worry about but it seems these days, you can pretty much count of getting paid anywhere from 6-8 weeks after the job. Sometimes more. I can handle 60 but 90 is pushing it. I hope that when this economy recovers, producers will feel more inclined to pay independent contractors in a timely fashion. We're not the bank after all.
Just my 2 cents.
Posted By Ben Cain in business, random thoughts
Ben Cain in business, random thoughts
Reader Comments (7)
60 is pretty common for ad agencies to pay producers, photographers, directors. Not unusual for in-house jobs either unless you negotiate something different up front, which is is often doable.
Magazines do 90 days often, probably will not change as they move to digital and incorporate video.
It's a poor way to treat the people you are trying to get excited about producing great work.
Yeah, it's not like narrative, holding the last day's film until.....lol.
I had a client not pay for 4 months+. And it wasn't chump change.
That's unacceptable. Are they still a client?
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