How To Price YOUR Work (Full Whiteboard AdobeMAX)

The Futur

The Futur

73 min, 10 sec

A detailed analysis of sales strategies for creative professionals, emphasizing the importance of understanding client value and setting prices accordingly.

Summary

  • The buyer determines value while the seller determines price; professionals must discover what clients value to make sales easy.
  • A detailed process is outlined for conducting sales conversations with clients, focusing on identifying their goals and needs.
  • Emphasizes the importance of asking the right questions to uncover the client's perception of value, avoiding assumptions and premature solutions.
  • Highlights the significance of presenting one's work attractively and strategically to attract discerning buyers.
  • Introduces the concept of 'intentional listening' to ensure that service providers focus on the client's words and underlying needs.

Chapter 1

Understanding Client Value

0:00 - 1 min, 10 sec

Exploring the relationship between value and price in sales conversations with clients.

Exploring the relationship between value and price in sales conversations with clients.

  • Sellers set price, but buyers determine the value of the service or product.
  • Sales become easier when professionals understand what their clients find valuable.
  • Avoiding immediate price discussions allows for a deeper understanding of the client's needs and goals.

Chapter 2

Adobe Max 2023 Introduction

0:23 - 31 sec

The speaker introduces himself at Adobe Max 2023 and sets the stage for the sales strategy discussion.

The speaker introduces himself at Adobe Max 2023 and sets the stage for the sales strategy discussion.

  • The speaker expresses excitement for speaking at Adobe Max 2023 for the first time.
  • The focus of the session is on pricing creative work and communicating intangible value.

Chapter 3

Addressing Creative Pricing Challenges

0:43 - 27 sec

Discussing the challenges creatives face when pricing their work and the emotional aspects of money.

Discussing the challenges creatives face when pricing their work and the emotional aspects of money.

  • Creatives often struggle to put a value on intangible services like art and design.
  • The conversation around money can be emotional and uncomfortable for creatives.
  • Learning to discuss value and pricing is crucial to avoid being disadvantaged in negotiations.

Chapter 4

Quantifying Intangible Value

1:12 - 21 sec

The speaker emphasizes the importance of quantifying intangible aspects of creative work.

The speaker emphasizes the importance of quantifying intangible aspects of creative work.

  • Creatives need to convey the value of intangible elements like style, class, and brand to clients who think quantitatively.
  • The goal is to provide clients with a framework to understand and measure the value of creative services.

Chapter 5

Client Engagement and Expectations

1:39 - 45 sec

Engaging with the audience to discuss client engagement and setting expectations.

Engaging with the audience to discuss client engagement and setting expectations.

  • The speaker interacts with the audience to discuss their experiences with client negotiations.
  • Emphasizes the need for creatives to articulate the value of their work to clients effectively.

Chapter 6

Pricing Models for Independent Business

2:21 - 40 sec

A conversation with an audience member about different pricing models for independent business owners.

A conversation with an audience member about different pricing models for independent business owners.

  • The speaker encourages the audience to consider themselves as independent business owners rather than freelancers.
  • Discusses two different pricing models used by one audience member for their freelance and agency work.

Chapter 7

The Freelancer Terminology Issue

2:38 - 29 sec

The speaker suggests a shift in terminology from 'freelancer' to 'independent business owner'.

The speaker suggests a shift in terminology from 'freelancer' to 'independent business owner'.

  • The term 'freelancer' is associated with selling time for money and working under someone else's rules.
  • Adopting a business owner mindset can change the perception of one's work and worth.

Chapter 8

Focusing on Core Services

3:11 - 42 sec

The importance of focusing on core services and not overcomplicating the offerings.

The importance of focusing on core services and not overcomplicating the offerings.

  • Focusing on a core service, like logo design, helps in crafting a clear message that others can easily remember and share.
  • Creatives should avoid listing too many deliverables and instead hone in on what drives the most revenue.

Chapter 9

Capitalizing on Opportunities

4:03 - 38 sec

Discussing the concept of having more opportunities than capacity and creating scarcity.

Discussing the concept of having more opportunities than capacity and creating scarcity.

  • Having more opportunities than the capacity to work on them increases a creative's confidence and bargaining power.
  • Creating scarcity, either real or artificial, can work in favor of the business.

Chapter 10

Conversion and Client Impact

5:41 - 42 sec

A discussion on how to talk to clients about the impact of creative work on their business.

A discussion on how to talk to clients about the impact of creative work on their business.

  • The speaker encourages asking clients about the impact they expect from the creative work.
  • Understanding a client's goals and how they measure success is crucial before proposing solutions.

Chapter 11

Sales Role Play

65:42 - 7 min, 25 sec

A role play with an audience member to demonstrate a sales conversation focused on value.

A role play with an audience member to demonstrate a sales conversation focused on value.

  • The speaker conducts a role play with an audience member, simulating a client asking for a logo refresh.
  • The conversation focuses on understanding why the client believes they need a new logo and how it will impact their business.

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