The 3 Beliefs That Could Be Holding Back Your Business (and How to Avoid Them)

DevelopmentThe 3 Beliefs That Could Be Holding Back Your Business (and How to Avoid Them)Shifting your mindset can make a difference in your bottom lineJune 29, 2022girl climbing brick wallLizzie Soufleris

Design business owners often ask me how they should justify their prices, or explain their markups, to clients. But what this question indicates to me is a fundamental misunderstanding about what it is that designers do, and what clients are after. Over and over I see the same three mistaken beliefs hold them back—here’s what they are, and how you can reframe your thinking to boost your bottom line (not to mention your morale).

Belief #1: Your clients are looking for the biggest discount.

If you are worried about justifying your markup to your clients, you probably internally believe that your clients are looking to save money. But here’s the deal: Your clients aren’t coming to you because you charge the lowest rate. They are coming to you because you offer an experience. Design is a luxury service. Clients who are paying for an interior designer are not shopping around for the cheapest rate on furniture—they’re looking for the best project. 

Your client is not going to ask you to break down your markup, then shop around and ask other designers to do the same before they choose who to go with. (And if they do, that is not your ideal client.) If you believe that your client wants the biggest discount, you will hold yourself back from charging what you’re worth. I always say, “Don’t save your client’s money for them.” You can’t be confident in your prices, your service, and your worth if you’re not confident in the value you bring to the table. 

Belief #2: You deliver a shoppable product.

Your worry that your customers could order the sofa you picked out online is also misplaced. As a designer, you offer more than just pieces of furniture: You deliver a service, not a commodity. 

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When you design a home, do you just look up pieces of furniture and pop them into a rendering? Of course not. You think about your client’s lifestyle, their goals, the lighting. You consider the overall effect of the room. You tell a story with the design you create. Your client can’t go out and replicate it by shopping at Rooms to Go. 

Even if another design business took on the same project for the same client with the same goals in mind, the project would turn out completely different. That’s how you know that what you offer isn’t simply an add-to-cart experience.

You have to view your service as separate from the pieces you procure. You’re selling your experience, your expertise, your attention to detail, your creativity, and, most importantly, you’re selling you. All of this leads me to belief #3.

Belief #3: You’re competing with everyone else.

Truth be told, even if you did offer a shoppable product, you would still be delivering more than a commodity. For 25 years, there was a competitor right down the road from my company, Window Works. They were a Hunter Douglas gallery dealer, so not only was Hunter Douglas sending them referrals, but they were also ranking higher than us on Google searches if someone searched for “Hunter Douglas window treatments.” 

But in those 25 years, I rarely ran into a situation where I was competing with them for business. We were selling the same product, but the way we approached clients was completely different. They talked up their product, because they were selling a commodity: Blinds you could get anywhere else that sold Hunter Douglas. We, on the other hand, talked up the experience. I knew how to position Window Works as the best choice because of the customer service we provided, our professional installers who worked in-house, and our many years in the biz. I avoided the commodity mindset, and that was what set us apart. 

The bottom line

The real difference between a designer who has to justify prices and one who doesn’t receive pushback is confidence. When you know your value, and you can communicate it, you aren’t competing with everyone else. You don’t need to convince your clients to work with you by charging less. Your clients don’t choose you because you pick out furniture better than anyone else, or because you’re saving them time or money. They work with you because you offer them a service they can’t get anywhere else: a process that feels good, design that elevates their lives, and an artist’s eye. 

The sooner you realize that you offer more than the pieces on your spec list, the sooner you can stop treating your work like a commodity and start charging prices indicative of the luxury service you provide.


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Originally posted on: https://www.architecturaldigest.com/story/3-beliefs-that-could-be-holding-back-your-business