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Art of Value Show - Learn to create happy customers and make more money by discovering value, creating options and starting to price.
Determining the Value of the Intangible with Nick Disabato – 111
Art of Value Show - Discover Value | Create Options | Start Pricing
42 minutes 17 seconds
8 years ago
Determining the Value of the Intangible with Nick Disabato – 111
Nick Disabato is the founder of Draft, a design consultancy in Chicago. He is best known for A/B testing through two productized services, Draft Revise and Revise Express. He is the author of three books including The A/B Testing Manual. Nick is a frequency speaker at conferences including South by Southwest and Web 2.0.
The Business of Design
What is the most important thing you can share about pricing?
You set the pricing. You control the conversation by asking the right questions, setting proper expectations, and solving the right expensive problem. You have to overcome “imposter syndrome” and charge for the value you are providing.
How do you determine the value of something intangible?
Cite case studies for the same service, either your own or from another business. There are 50 years of data and articles that prove design creates value. Read the blogs of designers who understand design serves commerce. Communicate how design solves real business problems.
What is your advice to a designer, fresh out of school?
Realize design is art in the service of client work so you can sell things. Read books about having a business in the design field. Then decide if you really want to be a business owner.
How can you leverage case studies from other designers?
Cite them. Link to them. If someone stands behind it, use it as evidence of the value of design. The likelihood your customer will hire the other company is less than you think. Nick cites the $300M Button Case Study by Jared Spool in his marketing.
Determine the ROI of Design
How do you translate a design into an ROI (return-on-investment)?
During the project, measure as much as possible, for example, revenue tracking in Google Analytics. After the project, ask the customer what they got out of it. Then, ask the customer to for a case study. Follow up with the customer three, six and twelve months afterward.
How do you approach the value conversation during the sale process?
Start with the Alan Weiss trifecta: Why me? Why now? Why in this manner?
Other questions: How much are you making right now? Where are the leaks you think exist in your business? What is your website traffic? What is your conversion rate? In summary, start a conversation by asking questions.
Listen to the customer and then probe further. Demonstrate your desire to serve by helping the customer understand the business problem deeper. It shows the customer you have a sincere interest in his success.
Art of Value Show - Discover Value | Create Options | Start Pricing
Art of Value Show - Learn to create happy customers and make more money by discovering value, creating options and starting to price.