4.6 • 682 Ratings
🗓️ 16 September 2020
⏱️ 8 minutes
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0:00.0 | It's Wednesday, and this is the Ramsey Call of the Day. |
0:03.9 | Part of the Ramsey Network. |
0:07.1 | Christy Wright, Ramsey Personality. |
0:09.3 | Number one bestselling author is my co-host today here on the Dave Ramsey Show. |
0:13.2 | Open phones as we talk about your life and your money. |
0:15.9 | Triple-8-825-5-2-2-25. |
0:19.2 | That's Triple-8-8-25-2-5. That's AAA 825-5-2-2-5. Tommy is with us, and Tommy's in Charlotte, North Carolina. Hi, Tommy. Welcome to the show. |
0:30.2 | Hey, guys. Appreciate you taking my call. My question is around pricing strategies. So my full-time position is as a U.X product designer, designing websites, |
0:41.7 | apps, that sort of thing. I do a lot of freelance for pro athletes, influencers, startups, |
0:47.8 | building out primarily their e-commerce brands and websites and strategies. So typically I use two different models. So here's what it |
0:57.6 | costs, here's your design, handoff, and that sort of it. The issue that I run into with that is if |
1:03.5 | the website goes on to do a million, three million, five million, and you paid me five or ten |
1:07.8 | grand for the site, it's a great ROI for the client, which is awesome, but maybe I sold myself short. |
1:13.6 | And then the flip side is I typically will take less upfront, do the website, and then stay |
1:19.6 | on for a six month or 12 month retainer, making an X or even a percentage of sales or profits. |
1:26.6 | The risk there is, if products don't sell, somebody goes rogue, for whatever reason, |
1:32.0 | I'm stuck with all of this work being done, and, you know, 5% of zero profits. |
1:37.2 | So is there a different strategy that I should consider a mixed model account that you guys |
1:42.0 | know in the past has worked that minimizes my risk, |
1:45.5 | but also is fair for all parties involved. |
1:49.5 | You know, I've got a question, Tommy. |
1:51.2 | You know, first of all, both of the scenarios that you talked about, there's a risk on either side. |
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