312: Design Biz Live: Best Practices for Profitability

A Well-Designed Business® | Interior Design Business Podcast

LuAnn Nigara

Business, Design, Arts

4.8 • 786 Ratings

🗓️ 3 April 2018

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

I recently received an e-mail from Colleen from Colleen Knowles Interiors in Mercer Island, WA. Colleen says she is in the process of getting her back of the house systems more organized, and requests that we do a show on purchasing. So, on today’s show, Judith, Corey and I will address all the winding trails you may find yourself on when dealing with all the many facets of purchasing. For many designers just starting out in the industry, purchasing and pricing can sometimes be a volatile topic. Industry norms along with the best practicing of purchasing can overwhelm you if you don’t have good systems in place. Show Highlights: • Corey explains three different models for purchasing and pricing. • Learn some of the pitfalls of the kickback model. • Steering away from legal problems. • A designer can act as a sales consultant.. • A professional approach to pricing • Project minimum, flat fee and hourly pricing • Collecting retainer and consultation fees • How to incorporate pricing for online vendors • Judith discusses managing purchased items onsite. • Avoid discussing net purchase pricing with clients. * The better you handle the contract and front end, the smoother the back end will be. • LuAnn and Judith say there is no substitute for personal touches. Resources: This episode is available on A Well-Designed Business YouTube Channel. Corey Klassen Designs Judith Neary, Roadside Attractions Design Studio

Transcript

Click on a timestamp to play from that location

0:00.0	Have you heard about the exciting new exhibit by the Black Artists and Designers Guild,
0:05.6	which was commissioned by the Cooper Hewitt Smithsonian Design Museum in New York City?
0:11.1	Big news, right?
0:12.6	The Cooper Hewitt's exhibition is called Making Home, Smithsonian Design Triennial.
0:18.2	Now, the batch designers exhibit is titled the Underground Library,
0:23.8	inspired by the Underground Railroad. The Underground Railroad is the clandestine network
0:28.6	established in the early 19th century through which many enslaved African Americans
0:33.6	traveled in search of freedom. This library installation represents a 21st century sanctuary surrounded by art, objects,
0:43.5	artifacts, and books of black legacy.
0:46.9	In reimagining and repurposing the Andrew Carnegie Personal Library,
0:52.7	badge invites you to examine the power of home libraries
0:56.1	and the significance of literacy, remembering that African Americans were denied the right to read
1:02.3	under slavery. I'm honored to share that Window Works in Livingston was asked by badge to create
1:08.7	the flat panels for the windows. We used a custom design fabric
1:12.5	by badge members, and the fabric was fabricated by Stacey Garcia's team at Libatex. So please make a
1:20.0	point to visit this inspired space the next time you are in New York City. The exhibition runs
1:25.5	from November 24 all the way through August 10th,
1:30.0	2025. So you have plenty of time to get this on your calendar. We will put links in the show notes.
1:39.0	This episode is sponsored by Revelwoods. Revelwoods is your source for premium hardwood and resilient flooring.
1:45.4	Using the Revelwood selector tool, you will be able to find curated suggestions for each specific
1:50.8	project based on criteria such as style, color, zip code, and usage. Because the species of wood
1:57.9	that performs in a laundry room in Key West is not going to be the same as the wood
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from LuAnn Nigara, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of LuAnn Nigara and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.