086 Setting Your Interior Design Rates: From Surviving to Thriving
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Show Notes
In this weeks Thursday episode, I dive deep into one of the most challenging aspects of running a design business - setting (and raising) your hourly rate. Inspired by a recent Health Check session with a designer, we explore why so many talented designers undercharge and how to break free from this cycle.
I hope you enjoy the episode.
Beth xx
Episode Highlights:
• Why random rate-setting leads to burnout
• How to calculate your actual required hourly rate
• The real impact of undercharging on your business
• When and how to communicate rate increases
• Why raising rates is about respect, not just money
Key Takeaways:
✨ Your rate needs to be based on real numbers, not market assumptions
✨ Consider your ideal annual salary, not just survival needs
✨ Account for actual billable hours (hint: it's not 40)
✨ Undercharging attracts budget-conscious clients who don't value expertise
✨ Higher rates mean better service for fewer clients
The Right Way to Set Rates:
• Start with your desired take-home pay
• Calculate actual business expenses
• Consider real billable hours
• Factor in business growth
• Account for expertise and value
Perfect For:
• Designers who know they should charge more
• Business owners feeling burned out
• Anyone struggling with pricing confidence
• Designers ready to increase their rates
• Those wanting sustainable business growth
Want to work together? Here are the ways I can help you in your business.
1.Sign up to our MAILING LIST where each month you will receive helpful business tips straight to your inbox
2. Start a HEALTH CHECK today. We will work together for 8 weeks and improve your systems and processes.
I only have 8 spots available every month.
3. Start my course THE PROCESS so you know exactly what to do when in your interior design studio.
4. Have a look at THE RESOURCE STOCKROOM - this is where you will find our short courses and free resources to help you run a better interior design studio
5. Want to use our tool MTTD in your studio? Start your FREE 30 DAY TRIAL today.