Retainer
Retainers are also based on hours spent on a project. Typically you give clients a discounted rate for guaranteeing you hours (usually by month). For example, if your standard rate is $100 per hour and you are pitching your clients a retainer structure, you could discount the rate based on the number of hours they retain. (If the clients retains 20-to-40 hours per month, they pay $90 per hour; 41-to-60 hours per month, they pay $80 per hour; 61-to-80 hours per month, they pay $70 per hour, and so on.) Retainers are purchasing a bucket of hours to be used for client requests. Those hours are usually spread across whatever team members are necessary to complete the request.
Pros for you: You get guaranteed monthly billings. This can give ...
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