Pricing Your Services with Hema Persad

Download our guide to pricing your services as an interior designer now on Patreon at patreon.com/theinteriorcollective.  Hema Persad, founder of Sagrada Studio, discusses her approach to billing as an interior designer. She explains the onboarding and design discovery phase, as well as the billing structure at each phase of her process. Hema emphasizes the importance of being clear about the fee structure and having expectations outlined in the contract. She also talks about the significance of tracking hours and project profitability. Hema believes in open discussions about money in the industry to set realistic and fair industry standards. In this conversation, Anastasia discusses various aspects of billing and client management in interior design, while Hema expands her approach to collecting funds for accessories and artwork, as well as how she handles retainer fees and invoices. Hema also shares her thoughts on hourly rates for install and project management, as well as the challenges of hiring and managing a team. She emphasizes the importance of tracking time and managing finances, and discusses the benefits of remote work. Additionally, she talks about the impact of visibility and recognition on billing and client acquisition, and shares her excitement about upcoming projects and collaborations.   The Interior Collective InstagramIDCO Studio Instagram Shop Our Products at IDCO StudioFor any custom projects, please inquire at Kwin MadeHema PersadSagrada Studio Want to hear more from Hema Persad, listen to her episode on Design Perspectives with Gail M. Davis