Standard payment terms? They want all the money upfront?

Question

Hello, this forum has been my go to for the last 24 hours and I appreciate your insight greatly. Another offer I sent was accepted but the person wants all the money upfront. I normally in all business do 50% now and 50% post event... isn’t that the standard? Thx

admin · Answer

Event booking? if so, then yes typically its 50% deposit then 50% at the time of the event. This is standard but in some cases, they may ask for a bigger deposit percentage up-front. Its important to remember that everything is negotiable