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Quick Tips on Pricing your Services
Every Interior Designer has to learn how to price their services. You have to
do this so that you can give proper estimates to your clients. This will be
invaluable to you as a service provider.
Many people find this to be a very difficult process because they don’t want to
over price their clients, nor do they want to lose money on the deal. This can
be very frustrating and stressful. However, if you know how to break down the
costs it gets a lot easier, and helps you break it down to the client so that
they are comfortable.
Since every job is different, every invoice will be different as well. There are
different types of invoices that you should have. They each require a different
layout and outline. This makes it easier to break down later for calculating the
costs.
1. Costs and Labor: This type of invoice is for designers that have to hire
outside contractors to help with the work. (usually when you need to hire people
to do drywall for construction work etc)
2. Costs: This type of invoice is generally just for the costs of the extra
furniture and accessories or lighting fixtures that are needed. It also covers
the agreed upon extras like paint and wallpaper.
3. General: This is the type of invoice that only covers your prices as the
designer. It deals with the work that you do alone. This invoice is always
included with one of the others.
When trying to decide how to put a value to your services alone, that is pretty
much up to you. It is best not to price yourself too high in the beginning
because you are not a bankable name yet. There are two ways to charge your
clients.
1. Hourly: This method is best for small or simple projects because they are
more difficult to price on a per project basis. If you are a starter, you should
start yourself at around $15-$20 an hour. At least until you establish yourself
in the field. Once you are established you may charge as much as you’d like.
2. Per Project: This is generally reserved for projects of a larger scale. These
are the projects that require the hiring of contractors and various others to
help you. Since there is so much work involved, you cannot expect to charge by
the hour.
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