#7| 3 Ways to Price Your Projects

Interior design BusinessTime ManagementOrganizationInterior Design Process2-EstablishingInterior DesignMindsetMoney MattersInterior Design Services3-Scaling

Jul 14

Written By Kate Bendewald

Pricing Your Projects - Interior design business coaching podcast

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We schedule trades so that there is some overlap between related trades. This allows for the best ideas to flow and they can discuss what they need from each other.

Today’s topic is one of the most asked questions that I get about building your interior design business and that’s how to price your projects and come up with your service fees and feel more confident in your proposals when you send them out.

In this episode, we answer questions like…

How do you decide what type of pricing strategy (or a few of them) work best for your business?
Do you need to base fees on square footage?
How do you estimate your time?

Here’s a glance at this episode…

[05:22] Do you need to track your time? Is this important regardless of your fee and pricing method?

[06:37] I share what 2 factors your fees should be based on no matter what the project scope entails. How to continue to price projects well even as you and your team become more efficient at project management.

[07:45] I share a few other methods on how to charge that may play a factor in how you charge for a project. I share how charging by the square footage or overall project cost are used by some interior designers (personally, this is not what I use and I share why!)

[11:50] I discuss how to charge for your projects based on time and the value that you bring to the project.

[16:45] I jump into the 3 types of pricing - hourly, flat fee, and hybrid. I share the pros and cons for each type and how we use them in our business.

[28:50] I share my challenge to you for the week!