• Streamline Your Design Jobs
    Nov 16 2024

    In this episode of the Interior Design Business podcast, I’m sharing how design fees can streamline your workflow, increase profitability, and create a smoother process from start to finish. I dive into why setting up clear budget agreements and scopes of work upfront can eliminate wasted time and unpredictable income, making it easier to plan your day, manage your time, and focus on what matters most.

    Through design fees, you’ll gain control over your schedule, minimize last-minute client changes, and present the entire project as a cohesive concept. This approach keeps you in charge, ensures clients understand the full scope, and allows you to get paid upfront—all while delivering a superior experience.

    In this episode, I cover:

    • How design fees eliminate guesswork and boost profits
    • Why budget and scope agreements streamline the process
    • Planning deliverables and managing time effectively
    • Presenting the total project for a single, cohesive sale
    • Invitation to the Design Fee Formula workshop

    If you’re ready to streamline your design process, increase profitability, and gain control over your projects, this episode is for you!

    I would love to connect on Facebook: facebook.com/InteriorDesignBusinessAcademy or Instagram: instagram.com/interiordesignbusinessacademy!


    Show notes are available at https://interiordesignbusinessacademy.com.

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    12 mins
  • Fees: By the sq ft? Hourly?
    Nov 9 2024

    In this episode of the Interior Design Business podcast, we’re unpacking the different methods for calculating design fees—whether by square footage, hourly rates, or fixed fees—and how to choose the best approach for your business. With insights on the pros and cons of each method, I’ll guide you on using these strategies to communicate clearly with clients, define project scope, and set up profitable billing practices.

    We’ll also discuss why hourly billing, while not always ideal, can be a valuable tool for handling additional client requests, and how to treat these add-ons as new business opportunities. Plus, I’ll introduce the Design Fee Formula workshop, designed to provide in-depth training on calculating fees effectively and managing time wisely.

    In this episode, we cover:

    • Design fee structures: square footage, hourly, and fixed fees
    • Why clear communication and scope of work are key
    • The advantages and disadvantages of hourly billing
    • Strategies for handling additional client requests and upselling
    • Introduction to the Design Fee Formula workshop

    If you’re ready to take control of your pricing and ensure your fees reflect the value of your work, this episode is for you!

    I would love to connect on Facebook: facebook.com/InteriorDesignBusinessAcademy or Instagram: instagram.com/interiordesignbusinessacademy!

    Show notes are available at https://interiordesignbusinessacademy.com.


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    23 mins
  • Design Fee Guide Part 3
    Nov 2 2024

    In this episode of the Interior Design Business podcast, I’m discussing why design fees are a smarter choice than hourly billing for designers who want to grow their income and client satisfaction. If you’re still charging by the hour, you may be leaving money on the table and running into unnecessary challenges.

    I’ll share insights on how hourly billing can hold experienced designers back, lead to cash flow issues, and even create friction with clients. We’ll explore the advantages of design fees, from improving cash flow to setting clear project expectations, and how shifting to fee-based agreements can lead to more profitable, trusting client relationships. Plus, I invite you to join the Design Fee Formula masterclass to refine your pricing strategy and set yourself up for consistent success.

    In this episode, I cover:

    • Why hourly billing often undervalues experienced designers
    • The cash flow and trust issues that time billing can create
    • How design fees offer a structured, profitable approach
    • Benefits of fee-based agreements for client relationships
    • Invitation to the Design Fee Formula masterclass

    If you’re ready to improve your pricing strategy, build trust with clients, and get paid what you’re worth, this episode is for you!

    I would love to connect on Facebook: facebook.com/InteriorDesignBusinessAcademy or Instagram: instagram.com/interiordesignbusinessacademy!

    Show notes are available at https://interiordesignbusinessacademy.com.

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    16 mins
  • Design Fee Guide Part 2
    Oct 26 2024

    In this episode of the Interior Design Business podcast, I dive deeper into the challenges designers face when it comes to billing, especially with hourly rates and managing legacy clients. If you’ve ever found yourself taking on small, low-paying jobs that end up consuming more time than you estimated, this episode is for you!

    I share real-world examples, like the outdoor wall sconces project and a reupholstering job that went off track, to highlight why these types of jobs can become unprofitable. More importantly, I discuss how to break this cycle by implementing a structured design fee formula that’s tailored to your business stage. By setting a minimum design fee, you can enhance your profitability, protect your personal time, and elevate your professionalism.

    Listen in to learn how to qualify potential clients, stop shrinking to fit smaller projects, and start charging what your services are truly worth!

    In this episode, I cover:

    • The pitfalls of hourly billing and small jobs
    • Real-life examples of design jobs gone wrong
    • How to break the loop of unprofitable work
    • Introducing a minimum design fee to boost profitability
    • Strategies for qualifying potential clients with confidence

    If you’re ready to set boundaries, create a profitable pricing structure, and start getting paid for the value you bring, this episode is for you!

    I would love to connect on Facebook: facebook.com/InteriorDesignBusinessAcademy or Instagram: instagram.com/interiordesignbusinessacademy!

    Show notes are available at https://interiordesignbusinessacademy.com.


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    21 mins
  • Design Fee Guide - Part 1
    Oct 19 2024

    Are you ready to start charging what you’re worth as a designer? In this episode of the Interior Design Business podcast, we focus on enhancing your billing practices and shifting your mindset toward valuing your design services. Host Terri Taylor shares key strategies to help you improve your billing accuracy, manage your time effectively, and maximize your income by focusing on design fees instead of product sales.

    Discover how tracking your time and setting clear deliverables can lead to substantial annual earnings, and learn why self-worth plays a crucial role in client acceptance of your design fees. This episode also features practical tips for structuring your workweek to hit 20 paid design hours and build a consistent, profitable income.

    Topics covered in this episode include:

    • How to track time and improve billing accuracy
    • The importance of charging for design services, not product sales
    • Example earnings based on hourly rates
    • Shifting your mindset to communicate your value confidently
    • Invitation to the free webinar: ‘Design Fees Unlocked’

    If you’re ready to charge what you’re worth and create consistent income from design fees, this episode is for you!

    Design fees unlocked: 5 secrets to getting paid what you're worth

    I would love to connect on Facebook: facebook.com/InteriorDesignBusinessAcademy or Instagram: instagram.com/interiordesignbusinessacademy!

    Show notes are available at https://interiordesignbusinessacademy.com.


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    19 mins
  • Pricing Challenges Part 2
    Oct 12 2024

    Are you ready to confidently charge what you’re worth as a designer? In this episode of the Interior Design Business podcast, host Terri Taylor continues the discussion on overcoming pricing challenges and the importance of having transparent money conversations with clients.

    Terri shares why forming budget agreements can lead to higher fees than you might expect, and how mental barriers like self-worth and imposter syndrome can get in the way of proper pricing. Learn how your environment can influence your income and why surrounding yourself with a supportive community is crucial to your success.

    Topics covered in this episode include:

    • How to discuss costs openly with clients
    • The impact of self-worth and imposter syndrome on pricing
    • Why your inner circle influences your income potential
    • How to gradually step up your pricing strategy

    If you’ve struggled with pricing your services, this episode will help you take the next steps towards charging your worth.

    I would love to connect on Facebook: facebook.com/InteriorDesignBusinessAcademy or Instagram: instagram.com/interiordesignbusinessacademy!

    Show notes are available at https://interiordesignbusinessacademy.com.

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    16 mins
  • Pricing Challenges Part 1
    Oct 5 2024

    Are you struggling to price your interior design services confidently? In this episode of the Interior Design Business podcast, we tackle one of the biggest hurdles for designers: pricing! Host Terri Taylor dives into the common challenges interior designers face when it comes to charging their worth and having open conversations about money.

    From understanding your own money mindset to mastering effective client communication, this episode offers practical strategies like the ‘Budget on the Fly’ technique to help you gauge a client’s spending comfort and set yourself up for success. Terri also shares why it’s important to discuss costs clearly and confidently instead of underpricing to secure a project.

    Topics covered in this episode include:

    • Why discomfort with money conversations is holding you back
    • The impact of childhood experiences on your pricing mindset
    • Techniques for discussing budgets confidently with clients
    • How to embrace a trusted consultant mindset in pricing discussions

    If you’ve ever felt overworked and underpaid, this episode is a must-listen as we help you transform your money conversations and set yourself up for greater success!

    I would love to connect on Facebook: facebook.com/InteriorDesignBusinessAcademy or Instagram: instagram.com/interiordesignbusinessacademy!

    Show notes are available at https://interiordesignbusinessacademy.com.


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    25 mins
  • Crickets Again?
    Sep 28 2024

    Have you ever had a client seem interested, only for them to disappear with nothing but crickets in response? 🦗 In this episode of the Interior Design Business podcast, we dive into the challenges of client engagement and how to avoid missed opportunities.

    We’ll explore the Law of Diminishing Intent and why it’s crucial to act quickly when a client shows interest. Learn effective strategies for securing jobs, from soft selling and discussing budgets to making offers at the right moment. Plus, discover how to handle client indecision gracefully and keep the momentum going in your business.

    Topics covered in this episode include:

    • The importance of timely follow-ups
    • How to capture job opportunities with a soft sell approach
    • Making offers confidently to avoid hesitation
    • Scheduling follow-up appointments to overcome “I want to think about it”

    If you’re tired of hearing crickets and want to keep clients engaged, this episode is for you!

    I would love to connect on Facebook: facebook.com/InteriorDesignBusinessAcademy or Instagram: instagram.com/interiordesignbusinessacademy!

    Show notes are available at https://interiordesignbusinessacademy.com.

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    14 mins