10 Red Flags that Predict a Deadbeat Client...

Don't sell yourself short! Your time and expertise are valuable. Therefore, you should ALWAYS charge an appropriate fee to ensure a reasonable profit margin. If you undercut yourself, you are undercutting us all. And, in the end... no one wins. If you can bring value to the table, charge appropriately. If you are a pretender, then these prospects are all yours:

1) Jr. Designer needed
2) Looking for an entry level developer
3) Looking For An Intern For Web Design
4) Looking for a partner
5) Looking for someone that is looking to build their web portfolio
6) Looking for someone who is interested in teaming up
7) Looking for someone willing to work on this project for percentage of company
8) There will be more projects later
9) Any designers want to do a trade?
10) Payment based on results/conversion. You will be compensated well for our success.

And, the Bonus Round:
11) This website will be getting thousands of hits... your exposure will be huge!

If any of these are part of the deal... walk. Don't even bother to explain why. Just walk.