Trova il tuo prossimo podcast preferito

Abbonati oggi e leggi gratis per 30 giorni
Design Is An Investment, Not An Expense - RD132: When clients view design as an investment, you win. Whether or not a potential client decides to work with you relies heavily on your pitch to them. If they like the presentation but view the cost of hiring you as an expense, they may choose to look...

Design Is An Investment, Not An Expense - RD132: When clients view design as an investment, you win. Whether or not a potential client decides to work with you relies heavily on your pitch to them. If they like the presentation but view the cost of hiring you as an expense, they may choose to look...

A partire dalResourceful Designer


Design Is An Investment, Not An Expense - RD132: When clients view design as an investment, you win. Whether or not a potential client decides to work with you relies heavily on your pitch to them. If they like the presentation but view the cost of hiring you as an expense, they may choose to look...

A partire dalResourceful Designer

valutazioni:
Lunghezza:
29 minuti
Pubblicato:
Aug 31, 2018
Formato:
Episodio podcast

Descrizione

When clients view design as an investment, you win. Whether or not a potential client decides to work with you relies heavily on your pitch to them. If they like the presentation but view the cost of hiring you as an expense, they may choose to look for more affordable options. However, if they consider the cost of hiring you as an investment, there's a good chance they'll decide to work with you. Not promoting the investment opportunity is a critical factor that holds so many designers back from charging what they are truly worth. One of the most significant concerns over raising design rates is that clients can get design work done cheaper elsewhere. Yes, it's true, but only for clients who view design as an expense. Something to shop around for the best deal. For clients who see design as an investment, the price isn’t usually an issue. Nurturing an investment mentality in your clients. How can you get clients to view design as an investment? Change how you make your pitch to them, and it will make a difference in your proposal success rate. It all comes down to semantics. When you tell a client their new website will cost them $8000, they hear the price and imagine it as an expense they need to justify. They may feel reluctant to move forward and may want to shop around for a better deal. However, if you explain to a client that by working with you they receive much more than just a website, they receive a strategic partner that focuses on their business success, the same $8000 suddenly becomes an investment in the future of their business. If you can get a client to think about the return they will receive after paying your fee; they will be much more inclined to work with you. The trick is to expand beyond the receivables you are providing the client and explaining what they can accomplish with those receivables. A well-designed logo can bring them better exposure and brand recognition and make them stand out amongst their competition. A well-designed website can generate more traffic, get them a better market share, help them monitor trends and visitors through analytics and increase their conversions. When you explain what the client gets beyond the designs, they are much more inclined to appreciate what you offer them and invest in you. You can even change the wording on your proposals from Total Cost or Total Price to read Total Investment. It’s such a subtle shift, but if it clicks with a potential client, then that client becomes loyal to you. An investment is something people want to do, whereas an expense is something people try to avoid but know it's sometimes inevitable. If you can convince clients you are offering the first one, there’s a good chance they hire you. I've talked in past episodes of Resourceful Designer about building client relationships and how you want them to see you as their strategic partner and not just a design supplier. Clients are much more willing to invest in a partner because they feel like they will get something out of it. What if the client still questions the price? If you present your proposal as an investment and the client still questions your price, you should try explaining it to them in business terms more familiar to them. If a client has a storefront, look at its location. Is it in a busy downtown area? Is it in a shopping centre?  Ask them why did they choose that location instead of opening in a cheaper location on the outskirts of town. If the client runs a service based business and relies on their vehicle for work, ask them why they didn't choose an older model vehicle that would have cost them less money? The reason clients choose premium locations or newer vehicles is that they are thinking of them as investments and not merely an expense. Yes, you could argue that mortgages, leases and loans are expenses according to accounting practices. But they are investments when it comes to the success of the business. Store owners will pay more for a better location because
Pubblicato:
Aug 31, 2018
Formato:
Episodio podcast