Latest / Freelance Careers with Fexingo: Independent Work, Consulting, and Self-Employment
How Freelancers Can Use a Client Cancellation Fee to Protect Income
In this episode of Freelance Careers with Fexingo, Lucas and Luna dive into the strategic use of cancellation fees for independent consultants. Lucas walks through a real case: a freelance UX designer who lost $8,000 when a client pulled out mid-project. They discuss how to structure a tiered cancellation fee that compensates for sunk time while preserving client relationships. Luna challenges whether fees scare off good clients, and Lucas shares data showing that 70% of freelancers with clear cancellation policies report fewer last-minute cancellations. They also touch on legal…
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