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.GROWTHITECT RESOURCES→ Join thousands of architects on the free Growthitect newsletter - https://growthitect.com/join → Apply to join The Studio - https://growthitect.com/studio STAY CONNECTED→ Follow on LinkedIn→ Follow on Instagram→ Subscribe on YouTube→ Follow on TwitterSPONSORS🎁 Exclusive offer for Growthitects: Mention Growthitect when you schedule a free consultation and get 10% off your first year with Gelt! → https://go.joingelt.com/growthitect A big thank you to Gelt for supporting our entire first season! 🙌 They’ve been a game-changer for managing both my personal and business taxes, making tax strategy, compliance, and filing stress-free. If you're looking to optimize your taxes and simplify your financial life, I highly recommend checking them out.