48. Should You Price Your Design Fee Hourly?

In this episode, I am sharing my view of flat-rate pricing versus charging an hourly fee for your design services. Although I am a huge fan of value-based pricing, there are some times when you will need to charge clients by the hour. The bottom line is you need to price your services correctly so as you start to work faster you make more profit. Then continue to analyze and increase your pricing year over year. This topic is one I LOVE talking about, so let's jump in!   Learn more about my 12-month group coaching and mentoring program, the Interior Design Business Bakery.   Michelle Lynne began her interior design career after spending more than two decades working in Corporate America. She began in the home staging arena and has since built a successful, award-winning, full-service interior design firm, employing talented designers and serving clients across the country.   In the summer of 2018, Michelle began focusing on a big gap she saw missing in the interior design industry: teaching interior designers how to run the business of an interior design business. She now engages in private coaching and leads an in-depth, 12-month group coaching program, both options focus on teaching designers profitable processes, systems, strategies, and mindset needed to run a streamlined, profitable interior design firm.   Her motto is simple: we rise by lifting others.   https://www.designedforthecreativemind.com/  https://mlinteriorsgroup.com/  https://www.instagram.com/designedforthecreativemind/  https://www.instagram.com/mlinteriorsgroup/        Thank you to our sponsors for their support!  Satanoff Insurance is focused on client connections and customized coverage … Be sure to tell them we sent you!  Foyr Interior Design Software helps you create 3D floor plans & Interior Designs … Check them out!  To stay in touch with Michelle, please follow her on Instagram and join our Free Facebook Community! Have ideas or suggestions or want to be considered as a guest on the show? Email me!