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Fees: By the sq ft? Hourly?

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Manage episode 449245427 series 3387820
Content provided by Terri Taylor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Terri Taylor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In this episode of the Interior Design Business podcast, we’re unpacking the different methods for calculating design fees—whether by square footage, hourly rates, or fixed fees—and how to choose the best approach for your business. With insights on the pros and cons of each method, I’ll guide you on using these strategies to communicate clearly with clients, define project scope, and set up profitable billing practices.

We’ll also discuss why hourly billing, while not always ideal, can be a valuable tool for handling additional client requests, and how to treat these add-ons as new business opportunities. Plus, I’ll introduce the Design Fee Formula workshop, designed to provide in-depth training on calculating fees effectively and managing time wisely.

In this episode, we cover:

  • Design fee structures: square footage, hourly, and fixed fees
  • Why clear communication and scope of work are key
  • The advantages and disadvantages of hourly billing
  • Strategies for handling additional client requests and upselling
  • Introduction to the Design Fee Formula workshop

If you’re ready to take control of your pricing and ensure your fees reflect the value of your work, this episode is for you!

I would love to connect on Facebook: facebook.com/InteriorDesignBusinessAcademy or Instagram: instagram.com/interiordesignbusinessacademy!

Show notes are available at https://interiordesignbusinessacademy.com.

  continue reading

133 episoade

Artwork
iconDistribuie
 
Manage episode 449245427 series 3387820
Content provided by Terri Taylor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Terri Taylor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

In this episode of the Interior Design Business podcast, we’re unpacking the different methods for calculating design fees—whether by square footage, hourly rates, or fixed fees—and how to choose the best approach for your business. With insights on the pros and cons of each method, I’ll guide you on using these strategies to communicate clearly with clients, define project scope, and set up profitable billing practices.

We’ll also discuss why hourly billing, while not always ideal, can be a valuable tool for handling additional client requests, and how to treat these add-ons as new business opportunities. Plus, I’ll introduce the Design Fee Formula workshop, designed to provide in-depth training on calculating fees effectively and managing time wisely.

In this episode, we cover:

  • Design fee structures: square footage, hourly, and fixed fees
  • Why clear communication and scope of work are key
  • The advantages and disadvantages of hourly billing
  • Strategies for handling additional client requests and upselling
  • Introduction to the Design Fee Formula workshop

If you’re ready to take control of your pricing and ensure your fees reflect the value of your work, this episode is for you!

I would love to connect on Facebook: facebook.com/InteriorDesignBusinessAcademy or Instagram: instagram.com/interiordesignbusinessacademy!

Show notes are available at https://interiordesignbusinessacademy.com.

  continue reading

133 episoade

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