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Pricing Your Work and Negotiating with Clients - Key Points

Pricing Your Work and Negotiating with Clients - Key Points - student project

Thank you for Making this Class so Concise and Clear!

(PS Yes the Cover Image is My Work!)

The Notes:

The Initial Reply: Gratitude and Ask Questions!

--Thank you!

--Timeframe? - Days/Weeks/Months (I'm New, so I think starting out I would not take less than a month.)

--Art Direction - Ideas and Concepts the Client has for the Project

--Contact Person - Who is the Lead/Person in Charge of the Project

--Budget - Is it enough for the effort? - What the Client Wants and Bills to Pay

Calculate Your Effort!

--Time/Hours Spent - Bigger the Project the More Time, or Take Longer if a Newbie

--Individual vs Group Point of Contact - the More Chefs in the Kitchen can be more Chaos

--Ownership of the Rights - Keep It! or Can't Keep It? Double! Triple! the Budget

--Timeline - Today the Starting Sketches to the Deadline to Give Finished Product

--Revision Number - Show the Client Progress - Client Tells if they Need a Change

--Materials - Physical Supplies like Paint, Paper, or Digital Asset ie Type, etc

Setting up the Cost

--Flat Fee (Less Surprises)

--Hourly (Good to have if more Work is created beyond the Initial agreement)

--Royalty (Getting a Cut if Client has Physical Product, or Large Company)

--Creative Payments - Can Do a Trade (For Me to Video Editors who Need Branding!)

Terms - It's Not Just Money!

--Always have a Written Copy - Official Contract or even a Email!

--Scope of Work - The Deliverables!

--Compensation - Amount, How, and When You Get Paid

--Revisions - Phases with Payment Installments

--Deposit - The Upfront Fee to Protect Yourself (50% the Total Cost)

--Timeline - These are the Dates we Agreed On!

--Deliverables - What the Client Wants with What the Use It For

Invoice Includes:

--Your Name --Your Address --Your Contact Info --Date --Client Info --Scope of Project --Price --Additional Fees -- Terms