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the "Guess the rate" game

 
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Deirdre
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Joined: 10 Nov 2004
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Location: Camp Cooper

PostPosted: Fri May 01, 2009 5:12 am    Post subject: the "Guess the rate" game Reply with quote

This is what Philip calls it— when a client asks you to name your rate, and then when it is higher/different from when they expect to pay, they counter with what they expect to pay.

I got this from a new production company client yesterday, and here's the capper— when I wrote to say I charge $X per each 250-word page with a negotiable discount after the first 5 pages, I got a call saying they pay $5X "per program", hope that's all right.

Sure! especially when you consider the biggest "program" will end up paying me the equivalent of $1.25X per page.

Awesome!
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Philip Banks
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PostPosted: Fri May 01, 2009 5:16 am    Post subject: Reply with quote

I have >Xn idea what you mean. Your getting more? Or you think you may be getting relatively more than less or is it more or less more when your less was least?
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bobsouer
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PostPosted: Fri May 01, 2009 5:32 am    Post subject: Reply with quote

Deirdre,

If you're happy, I'm happy for you! Smile
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Deirdre
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PostPosted: Fri May 01, 2009 5:47 am    Post subject: Reply with quote

Quote:
Your getting more? Or you think you may be getting relatively more than less or is it more or less more when your less was least?


Yeah, more or less.

Philip, I am surprised on you— you're a banker after all. Don't you speak Algebra?

1.25X is MORE than X.
Since the "program" is about 1000 words, I'd have charged them for 4 pages, but what they're paying is the equivalent of 5.
5/4 = 1.25.

w000t!
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Frank F
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PostPosted: Fri May 01, 2009 5:52 am    Post subject: Reply with quote

I guess I don't understand the math. I would simply tell the inquiree "this is my rate" - period.

I am not a good negotiator - can you tell?

Toodles

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Mandy Nelson
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Joined: 07 Aug 2008
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PostPosted: Fri May 01, 2009 6:57 am    Post subject: Reply with quote

Happy dance!
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Lizden
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PostPosted: Fri May 01, 2009 7:08 am    Post subject: Reply with quote

That's our Deebz!!!! Money Mouth
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Moe Egan
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PostPosted: Fri May 01, 2009 10:17 am    Post subject: Reply with quote

No one said there'd be math. Lips Are Sealed
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Deirdre
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Joined: 10 Nov 2004
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Location: Camp Cooper

PostPosted: Fri May 01, 2009 10:27 am    Post subject: Reply with quote

Jeziss gang!

It works out like this:

Me: I'd charge you $800 for this job.
Them: Well, the job pays $1000.


Cool!
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Rob Ellis
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PostPosted: Fri May 01, 2009 10:35 am    Post subject: Reply with quote

Yeah I was doing fine until you got algebraic.

I could feel my eyes glazing over just like in junior high!
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Frank F
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Joined: 10 Nov 2004
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PostPosted: Fri May 01, 2009 10:43 am    Post subject: Reply with quote

Ahhhh, I told you I was not good at math.

I had a client this week say "How much would you charge for a national spot"?

I told him my rate and he said, "O.K. we will just give you double that rate"!

I didn't argue.

Much.

I think I mentioned I was not a good negotiator.

Toodles

F2
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Eric_Hu
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PostPosted: Fri May 01, 2009 2:43 pm    Post subject: Reply with quote

Amazing!

In my other "food on the table" occupation, this never happens. If I quote a client a fee, I have to be close to the market cuz if I'm under, NOBODY steps up to pay more. Of course, we are talking about 2 totally different industries.

Good on you, D...sounds like this client is a keeper.


Eric
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melissa eX
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Joined: 20 Oct 2007
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Location: Lower Manhattan, New Amsterdam, the original NYC

PostPosted: Fri May 01, 2009 8:35 pm    Post subject: Reply with quote

Got the math portion but I think PB's Xn definitely has English possibilities.

That's Xn awesome deebs!
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Lee Gordon
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PostPosted: Sat May 02, 2009 2:13 am    Post subject: Reply with quote

Hey Eric, I'm afraid it doesn't happen much in this business either.
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