Posts tagged interior design budgets
How to Estimate Price for Interior Design Projects

Very often, I will get asked by designers in every range of experience, how do I estimate the price for this project?Clients want some idea of what their project will cost, but without some intentional experience, designers find this estimation very difficult. And we want a quick and easy answer.

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Getting a Budget from Clients

Here is a secret from my business:  I don't meet with potential clients unless I first have an idea of their budget.  I don't need a spreadsheet with every penny accounted for (In fact, I really don't want that!) but I do need a starting number that they feel comfortable with.  

Here is another secret to getting this number: You ask.  Then if they don't know (many don't and this is okay!) then prob further.  Keep asking in different ways to get a number from them.  Don't waste their time or your own entertaining a project that is an impossible budget.  Usually there are two types of clients, those that have a number but don't want to share it because their afraid you'll abuse their money.  Or they really have no idea what it should cost.  If you're lucky you'll get a client that has an appropriate budget.  If you're unlucky you could get a client that has an unreasonable budget. 

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How to Charge Premium Pricing

Many of you have expressed the desire to get away from Home Goods crowd and start mingling more with the Baker crowd.  I believe that you need to earn your right to charge your clients for premium pricing by delivering a premium product and service to your clients.

Much of the ability to charge premium pricing is in appearances.  It is best to offer premium products/services from the get-go than to try to climb your way up the price ladder.

You may want to consider the following factors in rebranding your company to attract more premium customers.

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