Million Dollar Pricing Strategies (with Alexander Buckeridge of Studio Bucky)

#20: Alexander Buckeridge of Studio Bucky joins us again to share exciting updates on his firm's global success and discuss his pricing strategies for a major upcoming project. We'll dive deep into how he plans to navigate the complexities of a high-end residential design.

→ How did Alexander secure a big residential project from a former retail client?

→ What are Alexander’s strategies for defining clear deliverables and revision terms in a long-term project? 

→ How does he plan to structure his pricing packages to fit different client needs? 

→ Why is ‘padding’ important in fixed-fee projects, especially for long-term engagements? 

→ What are the key considerations Alexander takes into account when negotiating project fees? 

→ How has Alexander's experience with smaller projects influenced his approach to a $5-7 million project?

→ What steps is Alexander taking to ensure his business can grow sustainably while managing this large project? 

→ How does the "profit first" system and setting up an S-Corp play into Alexander’s business strategy? 

→ What role do content creation and structured planning play in the growth of Studio Bucky?

(04:13) High-end interior design for luxury apartments.

(08:52) Planning construction costs and phasing next year.

(11:28) Clarify understanding before asking for commitment.

(13:57) Offer a fixed fee with added services for clients.

(17:43) Less frequent updates vs. frequent virtual walkthroughs.

(23:39) Subscription models for sustaining commercial clients.

(27:53) How the hourly concept phase can protect the architect's interests.

(31:55) Ensure fair fees and foundational stability to protect yourself.

(35:34) Why Alexander hasn’t started paying himself his salary yet.

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