EP 144 | I’ve Got Questions with Marylou Sobel – Part 1
December 23, 2019
About this Episode
Hourly fees vs. flat fees and how to handle the generalist within. Award winning Australian designer, Marylou Sobel, was more confused than ever after listening to a specific Business of Design™ Podcast about flat fees. Kimberley answers her questions and provides a better understanding of which fee structure works best.
In this episode we learn:
- when you set an hourly fee, it is built for profit, not just for covering overhead
- some clients like flat fees and some like hourly fees, there is no one-size-fits-all
- when in doubt, hourly fees are less risk to the design professional
- handling a client who wants you to deviate from your process
- specialists make more money than generalists
- follow BOD™ 15 Step Project Management Strategy as prescribed
- full service means nothing
To grow a business, employ the correct staff, that can benefit your business, even if you feel like you can’t afford the salaries. Instead of wearing all the hats, hire staff to free up some of your time.
Thank you to our amazing sponsor!
Legal Disclosure | This podcast is for educational purposes only and should not be used for any legal decisions. Kimberley Seldon Design Group, Kimberley Seldon Productions Inc., Kimberley Seldon Design and Media, Inc., Business of Design™, or any of its affiliated companies or staff is not responsible for any errors or omissions effecting accuracy in any content, and they will not be held liable for the use or misuse of information, facts, details or any other aspects should there arise any defects, errors, omissions or perhaps inaccuracies. Extensive research has been conducted to put this podcast together for the purpose of educating our industry in order to better serve the public. Care has been taken to acknowledge ownership of copyrighted material. The advice and strategies contained herein may not be suitable for every situation. This work is offered with the understanding that we do not render any legal, accounting or other professional advice. Seek the advice of a lawyer and/or other competent professional person in all matters of law. Further, listeners should be aware that internet websites mentioned may change or disappear between when this was recorded and when it was listened to.