Negotiating in Your Interior Design Business
Ranked #42,662 in Business & Work, #545,537 overall
How to Become a Skilled Negotiator
10 things a client wants besides a great price:
1) A "no brainer" easy relationship.
2) Predictability, reliability, and dependability.
3) Quick reaction to their needs
4) Accurate quoting of delivery times.
5) Cost reduction by not allowing costly mistakes.
6) Total product knowledge and sources.
7) A willingness to go to bat when a problem arises.
8) Early notice of any delays of delivery.
9) Ease of doing business with.
10) Quick and no hassle remedies to problems. And of course, an experience they won't forget, and they will tell their friends!
Tracking all costs
Do you have a system for tracking all costs of a job?
Are you really tracking all the costs of a job?
How do you value your time?
How much of it do you give away?
It has been remarkable how many times I have coached designers who give their time away. This business requires a lot of time to put a job together. You need to put a value to your time, and track it for each client. Once you see this in dollars and cents, you will be very reluctant to negotiate on price. I use Quick Books, a great accounting program that provides a way to assign labor costs to each job.
The 4 Temperaments
The Choleric
The Choleric, she is a self-motivated leader. She is someone who can be strong willed, and make quick decisions and relentlessly pursues her goals. Decorating decisions are not something to agonize over. She can be a great client, because she decides fast, but she will turn on you if she doesn't't like the final results. "It's your fault, you're the designer, why did you let me select this?" No one can stand in her way. This person typical is logical and practical and doesn't reveal emotions easily, unless it is anger. They can be at times, stubborn and bossy, and demand loyalty from those who are involved with them. However, if pleased, she will tell the world that you are great!
The Melancholic
The Melancholic likes her time to be quiet and reflective. She likes her home to beautifully decorated and organized. You can usually tell a Melancholic by looking into their closets and seeing how perfect everything is. The Melancholic tends to be very critical and pessimistic, however, if you can please them, they will become extremely loyal and your greatest advocate.
The Phlegmatic
The Phlegmatic can be easy going and is usually likable. She is someone who is dependable, polite, and even-tempered. This person is not flashy and her decorating decisions are usually informal, she likes a comfortable, easy to live in home. She can be un-opinionated, and this is difficult in making decorating decisions. She will have to be led to choices. If she is unhappy, you might not know it, because, she is not likely to complain about anything. She doesn't like to stir up a conflict. You will have to push her to complain.
The Sanguine
The Sanguine is most likely the life of the party. She like social activities and has lots of friends. She is creative and imaginative, and loves to decorate. To her, Decorating is Entertainment! Since she is very spontaneous, and will make quick decisions, you need to slow her down at times. The Sanguine can also become easily distracted, and hard to get to focus. She might get angered quickly but she is quick to forgive and forget.
Links where you can learn more
- Interior Design Business School
- Imagine a designer's business school with no walls,no commuting, no parking hassles, with classes conducted on a schedule that fits your hectic lifestyle...
- Designer Coach Schedule of Events
- If you are unable to attend any of my webinars or seminars, be sure to sign up for a course that you can watch at any time, on demand. Go to the Business School page to view the selections.
- Window Covering University
- Online & classroom courses for interior design & window covering professionals.
5 Reasons to ask for a high price
2) It gives you wiggle room
3) It raises the perceived value of your offer
4) It prevents a deadlock
5) You can create a "win-win"
Get paid when the iron is hot!
Negotiating Tips
2) How will you develop the techniques to guide you through the selling process?
3) How do you take control of the negotiation?
4) How do we get the classic "win-win" scenario?
5) How can you downplay price by increasing the value of your offer?
You must communicate your value message.
Designers Coach Video Sample
4 Rules of Negotiating
2) Be prepared to negotiate over price.
3) Beware of the "wince".
4) Play hard to get.
5 Points of being an effective negotiator
1) Listen.
We need to acknowledge and understand her point of view, regardless of its merit. It is critical that we demonstrate that we are a good listener. We need to communicate that we understand her perspective and we honor it.
2) Establish a Rapport.
We need to reduce any emotional distance by establishing common bonds. How do we build a rapport? This we discussed in The Sales Coach. This bond building is crucial to giving us an edge during the negotiation.
3) Who is "The Decider"?
Uncover the source of the decision making responsibilities. Can she decide without consulting him? Is it just to inform? Does he care? What does he care about? Is there going to be a joint negotiation? How do we build a bond with an "invisible stake-holder"? Perhaps the decision does not require more than informing the other after the fact. Sometimes a partner may have the authority to make decisions, but only after consulting. Then there are the couples that consider decorating a big decision, where all involved want to have a final say. In decorating, the decision making process is never very clear. Our challenge is to figure it out.
4) Respect
Many times we stumble into an uncomfortable situation, where one partner is verbally abusive. We need to tread carefully here. It is a good idea to make the weaker partner feel important and acknowledged. Everyone wants to have a sense of importance. If you can make an advocate without alienating anyone, you will gain added trust.
5) Trust
Determine if the role she is playing is real or misleading. Does she act as if she is using her last 2 cents to decorate? Does she promise you, if you do a good job, and give her good price, she will refer you to her friends?
All of them waiting on the outcome of her decorating project. Does she already know too much information?
Are you the second or third designer?
Our Designer's Coach Blog
Other negotiation articles on Google
- Colombian rebels want French negotiating help
- Get tips and advice on everything tech related, from smartphones, gadgets and online security to Twitter...
- Tips on boosting women's wages
- Women leave a significant chunk of change on the table by not negotiating as aggressively for their salaries...
- Expense Reduction Coaching(R) Offers Tips on How to Save Money on Credit Card ...
- "With a little analysis and negotiation, up to 40 to 50 percent savings can be realized." Credit...
by TheDesignersCoach
I'm Neil Gordon and I'm a Certified Master Coach and a renowned expert in the design industry.
I've identified 6 Fatal Flaws in business that can be the...
more »
- 2 featured lenses
- Winner of 2 trophies!
- Top lens » Interior Design Niche Marketing Strategy
Explore related pages
- Interior Design: Sample/Mood Boards for Interior Designer Interior Design: Sample/Mood Boards for Interior Designer
- World's Most Famous Women Interior Designers / Decorators World's Most Famous Women Interior Designers / Decorators
- Best Business Cards For Businesswomen Best Business Cards For Businesswomen
- Linda Nelson Stocks Folk Art Linda Nelson Stocks Folk Art
- Interior Design Business Cards and Other Resources Interior Design Business Cards and Other Resources
- Colour in Interior Design Colour in Interior Design