Asked to add new design to a millionaire website

13 replies
Hey

I've been asked to redesign a millionaire's website. It is a website he makes most of his money from. Lets say he earns $100.000 each week from it (I haven't asked exact numbers)....

Unsure what price I should take for my task. Wonder about taking $10.000 for the job. Is this too little or too much? The millionaire want the amount to be fair.

The amount most also cover if I need to higher some special consultants to do special configuration. If we do prestashop, I might need to higher a prestashop expert... Maybe my fee should cover that too.. Or I could try to make a deal with the millionaire that he pays me $7000, and addional costs (like using prestashop expert) is covered by him....

Is it normal to ask for some of the amount the be paid before I start working? It can help show that this guy is willing to pay. Sadly I have experience with clients to say they pay me, but when my work is done they don't pay (make silly excuses like being sick for months). I would like to have some form of quarantee that this millionaire actually pays me. any suggestions?
#add #asked #design #millionaire #website
  • Profile picture of the author positivenegative
    Originally Posted by loginname View Post


    I've been asked to redesign a millionaire's website. It is a website he makes most of his money from. Lets say he earns $100.000 each week from it (I haven't asked exact numbers)....

    Unsure what price I should take for my task. Wonder about taking $10.000 for the job.


    You should be charging what the job is actually worth, and not based or related in any way on what the customer earns - or you could be looking for a new customer very soon.
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    • Profile picture of the author loginname
      I see that too, that is why I wonder what is the normal price for this job. He wants me to the task. Asked me couple of months ago and now started asking me again if I could help him. So don't think he will ask anyone else. But if price is unreasonable he might....
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      • Profile picture of the author snic15
        10 000 for just website redesigning? I'm sorry but freelancers out there will be willing to do it for just 500$, but it's your job to do as you wish, so it's worth risking I guess.
        And also never start working unless you receive at least 30-50%.
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        • Profile picture of the author loginname
          Originally Posted by snic15 View Post

          And also never start working unless you receive at least 30-50%.
          Wish I did that when I was asked to redesign a accounting system for a company in my local town. I just said I take $50 per hour, 200 hours... But so far they only paid me 50%.. contanstly calling them asking for the money, .. I should I have taken 50% upfront or moved away. Over a year since I was finished with my job for them and still they haven't paid all
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  • Profile picture of the author Slade556
    What do you usually charge for a similar job? It's as simple as that!
    Just ask for the price you normally charge, don't make decisions based on what the guy earns.
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  • Profile picture of the author Steve MacLellan
    I've worked with a few people/companies who were millionaires. I charged them the same rate as anyone else. And as you have guessed, it's a goldmine of opportunity, but not for over-charging. Do a fair amount of work for a fair dollar value, and if you do, there is every chance that he will refer other associates to you. The gold, is in the relationship you build.

    Regards,
    Steve MacLellan
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  • Profile picture of the author Steve MacLellan
    @loginname -- I bill out once per month. On the off-chance that someone starts getting behind on paying their bills, I try to decide if I have to worry that I may not get paid... that's what back-doors are for, that can be accessed by http. Only ever had to use it twice in the last 15 years.

    Regards,
    Steve MacLellan
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  • Profile picture of the author David Keith
    you absolutely charge more for consulting or design type of services based on the traffic a site has.

    a high traffic site doesnt want crappy advice or sub-par design....they want the absolute best.

    .1 conversion rate increase on a big number is worth a lot more than .1% conversion rate increase on a site with 100 visitors a day.

    these guys dont want the cheapest, they want the best.
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    • Profile picture of the author discrat
      Originally Posted by David Keith View Post

      you absolutely charge more for consulting or design type of services based on the traffic a site has.

      a high traffic site doesnt want crappy advice or sub-par design....they want the absolute best.

      .1 conversion rate increase on a big number is worth a lot more than .1% conversion rate increase on a site with 100 visitors a day.

      these guys dont want the cheapest, they want the best.
      This is somewhat contrary to what others on here are saying, but I tend to agree

      Rich people expect to be charged a premium and they also expect to see amazing results.

      Do both



      - Robert Andrew
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  • Profile picture of the author David Keith
    when the risk is higher, people who have been successful understand that. i have done consulting with some big companies where incorrect marketing advice would have cost them 7 figures. You think they didnt consider that when i signed on to give them advice?

    They didnt mind paying higher rates when they felt they were getting better advice. same thing applies here. they dont just want a redesign that any highschool kid can do.

    they want a redesign with lots of things considered including usability, mobile, seo, conversion, clickthru metrics, eye tracking considerations, implications on server resources.......

    The knowledge required to do a redesign with those things in mind is far more than the average odesk developer who would charge $500 to changes a little bit of html and css.
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  • Profile picture of the author agmccall
    Do you know what you are doing? The reason I ask is, well, you are here asking how to run your business. What made this "Millionaire" making thousands a week approach you in the first place? If you are that good to attract this type of client, then you should have your prices down. If you are looking to overcharge someone because they are successful, and coming here for justification, then I feel sorry for you

    al
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  • Profile picture of the author misterkailo
    Maybe charge an upfront $2k and then the other $8k after it is finished
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  • Profile picture of the author Peter Lessard
    Charge based on value not how much money the person has. Most millionaires I know got that way because they know how to manage money and not throw it away. If I wanted to run around over charging it would be much easier to do it with people of limited means than millionaires since they generally know how to negotiate and save a buck.

    Why is the site being redesigned? Is it to make it look better or to make more money? Will you be split testing, analyzing traffic and conversions? All of these factors make a difference in what you should charge.

    Of course you always get an upfront retainer for your time and if you are skilled and your work can actually impact the bottom line it is often not unreasonable to manage a project and be payed a percentage of improved revenues. This however is generally if you are more experienced and comfortable doing such deals.

    Your questions suggests you are not likely at the point of asking for profit shares etc.. so I would suggest a reasonable fee with a small upfront retainer and focus more on building the relationship. This persons trust and referrals may be worth much more to you than the fee you will make doing this build.
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