068: Transparency in Pricing
with Michele Williams
On the podcast today we are going to talk about transparency in pricing. We hear it all the time. The need to be transparent. I am going to tell you right now, there should be some boundaries around this - and spoiler alert – I don’t think we need to tell our clients everything. Listen to the podcast to hear the argument for being transparent in our process but guarded in our pricing.
Profit doesn’t happen by accident. ™
Topics Mentioned:
Trust
Transparency
Value
Listen to the Episode
Thoughts from Michele:
When I began in the interior design industry 20 years ago, the most common way of pricing was by doubling (or more) the cost of the product.
There is nothing worse than a client asking to see all of your invoices, all of your time statements.
The pleasure of the experience is removed when we share too much.
Let’s move the transparency to a place that makes more sense for our industry and for the final outcome of the client.
“Margins” and “mark-ups” are not bad words.
There can be some mystery around your pricing. It’s ok!
Socials:
Email: Team@ScarletThreadConsulting.com
Facebook: Scarlet Thread Consulting
Instagram: @ScarletThreadATL
References and Resources:
EP. 060 with Michele Williams - Listen Today
The Designers' Inner Circle - Become a Member Today