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147. Pricing a Project: Best Practices with Lesley Myrick

147. Pricing a Project: Best Practices with Lesley Myrick

FromOnly Girl On The Jobsite


147. Pricing a Project: Best Practices with Lesley Myrick

FromOnly Girl On The Jobsite

ratings:
Length:
75 minutes
Released:
Oct 31, 2023
Format:
Podcast episode

Description

Today, I have my friend Lesley Myrick joining me in today’s episode. Lesley is a recognized design media personality and the CEO of Lesley Myrick Interior Design, a full-service boutique interior design firm based in Macon, GA. Having lived and worked internationally, Lesley specializes in designing personality-driven, playful, and function-forward “forever homes” for professional families. Media outlets including Architectural Digest, People, Forbes Home, Insider, and InStyle magazine have celebrated Lesley for her signature aesthetic of bold, colorful, and collected interiors that offer a fresh take on Southern design. Today, Lesley and I are breaking down a topic I am often asked about, and that is the best practices of pricing a project and what it actually looks like to be profitable through margins, hourly, or flat fee rates.  Lesley shares her experience of participating in a panel at HighPoint, where experts discussed the challenging aspects of pricing interior design and construction management projects. Lesley emphasizes the absence of a one-size-fits-all pricing formula and the importance of finding your perfect approach. She highlights the significance of not only establishing upfront pricing but also analyzing the numbers on the back end to ensure profitability. Lesley shares essential insights on pricing strategies, including the benefits of educating clients about project duration, the transition from hourly rates to flat fees, and the art of confidently stating your price. She dispels the fear of profit and the reluctance to walk away from unfit clients, stressing the importance of leading the design process and choosing the right projects. You’ll definitely want to grab a pen and paper and get ready to take notes! Enjoy! Find out more about Lesley, as well as resources mentioned in today’s episode, here: https://nancyganzekaufer.com/free-resources-for-interior-designers & https://www.instagram.com/lesleymyrick Find the full shownotes at: https://devignierdesign.com/lesley-myrick-pricing-a-project   
Released:
Oct 31, 2023
Format:
Podcast episode

Titles in the series (100)

Add-on’s, renovations, and new construction homes can seem intimidating to take on. How do you even get started? How do you find and manage contractors? What surprises should you anticipate coming up? How long do these things take? In this podcast, you will learn all that and so much more! I’m Renee Biery, your host at Only Girl On The Jobsite. I love empowering women to take on their home projects both large and small. I am sharing with you my experiences working on the Jobsite for the past 27 years. I hope that with my help you will be able to avoid the mistakes I’ve seen in the past and your projects will turn out as smooth and successful as possible. Learn more at https://devignierdesign.com/