• 107\\ Hourly, Flat Fee, or Square Footage? Discover the Best Billing Method for Your Design Practice

  • Sep 23 2024
  • Length: 20 mins
  • Podcast

107\\ Hourly, Flat Fee, or Square Footage? Discover the Best Billing Method for Your Design Practice

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  • Are you struggling to figure out the best way to charge clients for your design services? In this episode, I dive into the hotly debated topic of billing methods for interior designers. With so many options—hourly rates, flat fees, square footage models—which one is right for your business? As someone who primarily does residential remodeling, I found that hourly billing allows me to capture the unknown challenges that often arise on projects. However, I acknowledge that time tracking can be a tedious task. Believing that tracking your time is essential for the health of your design practice, I share practical tips on using time-tracking software like Harvest to streamline your process. I also explore alternative billing models like fixed fees and cost-plus, explaining when those approaches may be appropriate. Regardless of your chosen billing method, tracking your time is a critical business expense that will provide invaluable data to improve your profitability. If you're ready to take control of your design fees and ensure you are getting paid for every minute of your hard work, tune in now. This episode might be the solution you have been searching for. Why you’ve got to check out today’s episode: Learn the best billing method for residential remodels to help you capture all the work you put into a projectDiscover practical tools for time tracking making it easier to track your time efficiently and ensure you are paid accuratelyAvoid common billing pitfalls and ensure you are billing clients fairly and maximizing your profitability Check out the show notes >>> Hourly, Flat Fee, or Square Footage? Discover the Best Billing Method for Your Design Practice NEXT STEPS: Grab your freebies: The Remodel Budget and Timeline GuideFurnishings Investment GuideYour Roadmap to a Career in Interior Design3 Things I Wish I had known when I Started my Career Take a Quiz! Find Your Perfect Interior Design Style if you are curious about your design styleFind Out What Type of Interior Designer You Should Be! Listen to Related Episode: Episode 103: Project Management 101: Seven Steps to a Stress-Free Interior Design ProjectsEpisode 99: Smart Way to Maximize Profits in Your Interior Design Business: Furniture Sales and Designer Discounts Join the Design Mentor to kickstart a successful career in interior design! Email me at podcast@rwarddesign.com if you have suggested topics DM me on Instagram at @rwarddesign if you have a burning question Leave me a rating and review! Click here. Visit my website at rwarddesign.com to learn more about my services Thanks for listening! I hope this helps you discover if interior design is the career for you. See you next week...
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