345. Are You Undercharging? 4 Signs It's Time to Raise Your Interior Design Rates
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How do you actually know when it's time to raise your interior design rates?
Not because another designer charges more. Not because someone in a Facebook group told you their hourly rate. And definitely not because you picked a number that simply feels right.
In this episode, I'm breaking down four signs that can tell you whether you've outgrown your current pricing: capacity, experience, demand, and profitability.
We'll talk about why being fully booked can mean your rates are too low, how your growing experience should affect what you charge, why saying yes to almost every proposal could actually be a warning sign, and the profitability math that ultimately settles the question.
I'm also digging into the hidden cost of waiting too long to change your pricing, from resentment and burnout to attracting the wrong clients and leaving yourself without enough margin to grow a team.
If your business has evolved but your rates haven't kept up, this episode will help you figure out whether it's time for your pricing to catch up.
And if you're ready to stop guessing at the number, check out Pricing With Confidence at rebeccahay.com/pricing.
Episode Resources:
- 280: Why Most Designers Are Scared to Raise Their Rates (And What You Can Do Instead)
This episode is sponsored by Programa.
Programa is project management software built specifically for interior designers. It's designed to save you hours every week and reduce the errors that come from managing projects across scattered documents and systems.
Use code RBD25 for 25% off annual Programa plans. Click to learn more.