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Print Brokering To Supplement Your Graphic Design Business - RD049

Print Brokering To Supplement Your Graphic Design Business - RD049

FromResourceful Designer: Strategies for running a graphic design business


Print Brokering To Supplement Your Graphic Design Business - RD049

FromResourceful Designer: Strategies for running a graphic design business

ratings:
Length:
72 minutes
Released:
Oct 26, 2016
Format:
Podcast episode

Description

Print Brokering, it's easy money. Is print brokering part of your graphic design business strategy? If not, it should be. We spend hours upon hours putting our creative skills to use for our clients. But if at the end of a design project we simply hand the printer files over to our client then we're leaving money on the table. With the addition of print brokering to your services you not only increase your value to your clients, but you can also drastically increase your income. It's not as scary as it sounds Getting into print brokering isn't that daunting a task. You don't even need to know anything about the print industry. You only need to know how to set up a proper print file, which you should be doing already. Then, instead of handing those files over to your client, you send them to the printer on your client's behalf. So what's the point? Let me illustrate it for you with an example. Let's say you design a 4-colour tri-fold brochure for your client. You spend several hours creating it until it's exactly what your client wanted. You send your client the final file along with your invoice, and you get paid a few hundred dollars. Good job! Now let's say you've added print brokering to your services. Instead of sending the final file to your client, you contact two or three printers for quotes on printing the brochure. You then show those quotes to your client, decide together which is the best one, and send the file to the selected printer. Once the job is printed and delivered to your client, you send them an invoice for both the design and the printing. In return, you receive an invoice from the printer MINUS your commission for bringing them the job. Did you catch the keyword in that last sentence? Commission. That's right; you receive a commission for sending the job to the printer. Depending on the cost of the printing job that commission could be several hundred, or perhaps even thousands of dollars. That's the point! So, how do you start print brokering? Contact local commercial printers. The easiest thing to do is contact your local commercial printers and ask them if they have special deals for graphic designs which bring them work? Chances are they already do. If that's the case, you simply have to let them know who you are and start earning income from print jobs you send them. If they don't have some plan already in place here's one you could suggest to them. Ask if they are willing to give you a flat discount on all print jobs you bring to them. 15% is a good place to start. Whenever you have a print job to broker, the printer would supply you a quote for the full printing price. This quote is what you share with your client. Then, once the print job is finished, the printer invoices you, including your 15% discount. Your client pays you the full price of the quote, and you, in turn, pay the printer the discounted invoice, keeping 15% of the printing price as your commission. This way, your client is not being taken advantage of since they are paying the same price they would have if they went directly to the printer themselves. The benefit to them is you now handle that part of the job for them. The benefit to the printer is unlike their regular customers who doesn't understand printing files or printing, once they train you how to supply files to them the way they want them, they never have to worry about your jobs again. This means faster turnaround through their pre-press department which translates to more profit for them. Of course, the benefit to you is the added income you get from the print brokering. Copy shops Copy shops are a bit different. They don't have the same profit margins as print shops and can't offer the same discounts. However, most copy shops offer tiered pricing. Meaning the price per copy drops with the more copies ordered. A deal you could offer them is to pay a certain amount in advance. Like a retainer of $500 or $1000 for example, in exchange, they would charge you their lowest
Released:
Oct 26, 2016
Format:
Podcast episode

Titles in the series (100)

Offering resources to help streamline your home based graphic design and web design business so you can get back to what you do best… Designing!