144: Power Talk Friday- Kimberley Seldon is back! - 5 Flat Fee Demons & How to Overcome Them

A Well-Designed Business® | Interior Design Business Podcast

LuAnn Nigara

Arts, Design, Business

4.9 • 810 Ratings

🗓️ 24 February 2017

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome back to another power talk Friday! Kimberley is a full service, luxury interior designer and she has offices in Canada and Los Angeles and is the founder of Business of Design. Business of Design is a dynamic platform for interior designers who want to run more profitable businesses. The number of resources that Kimberley has available for you at the Business of Design platform is unbelievable. She is also an author of several books. If you would like the full back story on Kimberley, please go back to episode 112 on this podcast. Today she is going to talk with us about the flat fee demons! She is an expert at pricing your project and positioning your firm and projects for maximum profitability. I have to let the cat out of the bag! Kimberley is starting her own podcast! Show Notes: How long did it take Kimberley to write her book about flat fees? What is internal negotiation and when does this happen? Why should a designer charge for the initial consultation? What other processes should be taken into consideration when setting a flat fee? How does resentment towards the client usually happen? What should you bill for? What is scope creep? How does a designer “train” a client? When should you cut corners? How should a contract be written? What are some “traps” that can happen if your contract is not written correctly? When is Kimberley’s next webinar? How can you get the membership? Resources: www.businessofdesign.com www.kimberleyseldon.com March 9th Webinar - Win The Flat Fee Game: https://businessofdesign.com/events/win-the-flat-fee-game/

Transcript

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0:00.0	Hey, just letting you know that Luann University registration is opening November 24th,
0:07.3	2024, and classes are starting the week of January 20th, 2025.
0:13.2	Head over to luanuniversity.com to learn more about classes on sales, on marketing, on process, and on profits.
0:23.4	And at the website, you will learn about the fantastic bonuses that we have for you throughout
0:29.0	the registration period.
0:30.9	Luann University.com.
0:43.9	Welcome to a well-designed business with your host, Luannigara.
0:49.4	Luan has a lifetime of experience building a multi-million dollar business with her husband and cousin,
0:53.2	and she knows the challenges you face in your interior design business.
0:58.0	Luan brings you real-life answers to your most pressing problems, as well as practical strategies to explode your interior design business.
1:01.5	So, let's get to the business of interior design.
1:07.1	Hi, Kimberly.
1:08.1	Thanks so much for joining me on a well-designed business day.
1:11.1	Oh, Luanne, it's always nice to talk to you.
1:13.5	Good morning.
1:14.5	Thank you.
1:15.1	Yes, I love our conversations, and I have to tell everybody, I sometimes get a little nervous because we could do this.
1:20.5	I know now for hours, you and I.
1:22.0	But for anyone who isn't familiar with you and your company and your business, first of all, welcome to Power Talk Friday again, everybody.
1:32.2	Second of all, Kimberly Selden is a full-service luxury interior designer, and she has offices in Canada and Los Angeles.
1:41.9	And she is also the founder of Business of Design, which is a dynamic
1:46.6	platform for interior designers who want to run more profitable businesses. The number of
	...

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