Investing in Images: Negotiating Graphic Design Prices
Graphic design images are highly sought after commodities.
Businesses seek out graphic designers to create brochures, logos, and ad campaigns. Many businesses don’t have the capital to hire an onsite graphic designer, so hiring a graphic designer outside of their business is their only choice.
People want unique images, but they want these images at a fair price. Businesses and customers enjoy the special touches and professionalism a graphic designer offers, but sometimes simply can’t afford the expense.
Or can they?
Graphic designers’ rates fluctuate based on who is doing the service. While one graphic designer may be too pricey, another will be able to offer you a similar service at a more reasonable price. Rates depend on who you know, the experience of the graphic designers, and their portfolio of success.
Read on to learn how to negotiate graphic design prices to get the best deal and the best result possible.
How to Negotiate Graphic Design Prices
Hiring a graphic designer can be a pricey endeavor. Knowing what to expect in advance can help you to get a fair rate. Explore the following ways to get be prepared and negotiate a fair price.
1. Decide on a Budget
You and the graphic designer may have a different definition for the word “fair” based on the work you’re wanting to be done. To avoid any confusion or conflict between you and the graphic designer about fairness in pricing, decide on a budget.
Decide on a healthy amount and stick to it. Present graphic designers with your maximum budget amount and allow them to inform you of the quality and scope of work that can be done within that range.
When you have a budget, it’s clear up front what you’re willing to pay so that you’re not surprised later on when the graphic designer’s bill hits your desk. Having this clarity between you and the graphic designer can help to avoid any misunderstandings down the road.
2. Provide the Designer with Information
A graphic designer creates custom images for clients, but they are not experts in every sector of business. Put together some key information about your industry such as what you do, what is involved in what you do, and what the graphic design image is for.
Some graphic designers charge by the hour, so if you leave them to do their own research then a higher bill may be the result.
Also, brief the designer about what the project is for and the vision you have in mind. Research the different types of graphic design to start. This will eliminate time and confusion on behalf of the graphic designer.
By having a clear vision in mind prior to hiring a graphic designer, you also minimize the risk of being disappointed by the results. Images you don’t like which are due to a lack of vision on your part could mean more money out of your pocket.
3. Ask the Graphic Designer About Their Rates
Graphic designers price the work they do in various ways. Some designers may offer flat fees, hourly rates, or per project prices. Graphic designers may also offer their services in a 3 to 6-month contractual agreement.
Graphic designers also tend to want to have a deposit upfront for the work you hire them for.
Assess what type of relationship you need with a graphic designer. If you know that you will need multiple projects done within the next few months then negotiating a contract deal based on the number of projects needed may be the best way to go.
If you only need one or two projects completed, however, then see if the graphic designer is willing to cut you a deal for completing both of these projects.
4. Consider Experience
If you want a more solid hand when negotiating with a graphic designer, then consider their experience.
Graphic designers still in college, for example, shouldn’t be charging the same amount as a seasoned graphic designer who’s been working in the field for over 10 years. When comparing prices and experience, look for a trend in rates and experience.
Graphic designers with higher fees and less experience may be easier to negotiate with overall since their fees are not based on common trends within their field.
Famous graphic designers who also have noteworthy graphic designs such as a famous logo will also be able to charge more.
Famous graphic designers and designers with a ton of experience may also be willing to negotiating, but just know that unless they really need the money, they don’t have to. If they are a successful graphic designer, then it’s likely that they have many people trying to obtain their business.
After all, money is time and graphic designers also need to be fairly compensated for their work and talent.
5. Payment Options
Ask the graphic designer how they accept payment from their clients. If they use a system which charges them processing fees, then see if they will accept a cash payment to avoid these fees.
Consider your method of payment as well. A graphic designer’s fee could be more beneficial to you based on what you get in return. A First Premier credit card, for example, can help you to improve your credit score resulting in better credit card and loan offers later on.
Based on their payment options and plans, you may be able to negotiate a better price by paying the whole cost up front instead of in installments. Also, inquire as to whether or not the graphic designer has packages you can purchase up front which would save you money by buying in bulk versus for individual projects.
Make sure to always make the negotiation mutually beneficial with a graphic designer. This is their livelihood and they deserve to be fairly compensated just as much as you deserve a fair price based on their experience, talent, and the scope of work you need to be done.
Want to Know More About Graphic Design Prices?
Graphic design prices can be negotiated with the right strategy and tools. Graphic designers’ prices vary, but it’s always possible to get a fair deal by seeking out a graphic designer who can meet your budget needs.
Check out our blog post which details how graphic designers price their work and charge for their services.