How To Price YOUR Work (Full Whiteboard AdobeMAX)
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
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
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
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
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
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
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 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
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
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
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
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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