SOWPub Small Business Forums  
 

Click Here to see the latest posts!

Ask any questions related to business / entrepreneurship / money-making / life
or share your success stories (and educational "failures")...

Sign up for the Hidden Business Ideas Letter Free edition, and receive a free report straight to your inbox: "Idea that works in a pandemic: Ordinary housewife makes $50,000 a month in her spare time, using a simple idea - and her driveway..."

NO BLATANT ADS PLEASE
Also, please no insults or personal attacks.
Feel free to link to your web site though at the end of your posts.

Stay up to date! Get email notifications or
get "new thread" feeds here

 

Go Back   SOWPub Small Business Forums > Main Category > SOWPub Business Forum
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

SOWPub Business Forum Seeds of Wisdom Forum

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #9  
Old November 2, 2006, 03:36 PM
Don Alm
 
Posts: n/a
Default Re: Can I get some advice...?

..."How To Break the News to your Sponsors"

Just go to them In-Person....explain that you MisCalculated and made a Mistake and you just can't afford to do the job based on your Initial Rate. Be honest and tell them when you "got out into the field on your first delivery...you discovered the delivery would take MUCH longer than you expected.

Tell them you REALLY need to charge "X" (I suggest at least 5cents ea for 5,000 HAND-DELIVERED.....$250) You can apply their initial payment towards the NEW price.

MOST people will understand....some won't and will probably want their money back. Just replace these with new clients and chalk it up to "experience".

When I look at "Pricing" my programs....I try to bring in all my costs...then add on what profit "I" would like for my effort.

Here's a REAL LIFE situation that just happened to me...where I had to "Go Back To Clients and tell them I couldn't do what they paid for";

I had signed up 3 hotels for my "TV Channel Stands"....had gotten 5 advertisers based on the number of rooms in the 3 hotels....then...when I went to 1 of the hotels to look at my "Final Proof"....the GM told me she had "changed her mind" and was going to have her "Sister" sell the ads for HER location....because her "sister" could "use the money".

I reminded her that she had SIGNED AN AGREEMENT whereby she agreed to let ME provide Tv Channel Stands for her rooms. She said she "didn't care"...her "sister" was going to do this.

Soooo...I went back to all 5 of my clients, who had all paid me based on X rooms....told them I would return part of their money OR...if they were counting on THIS hotel....I'd return ALL their money.

The result was..... I kept all the accounts.

So....just go back to your clients and explain you can't do the job for what you charged and you would return their money for the part of the job you haven't done yet....or....they could pay an additional fee which you feel is FAIR.

I think they will understand....especially if you are "humble" and "honest" and "blink your eyes a little". (just kidding)

Don Alm
Reply With Quote
 


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Other recent posts on the forum...


Seeds of Wisdom Publishing (front page) | Seeds of Wisdom Business forum | Seeds of Wisdom Original Business Forum (Archive) | Hidden Unusual Business Ideas Newsletter | Hotsheet Profits | The Art of Leverage | The Success Report | Persuade via Remote Influence | Affia Band | The Entrepreneur's Hotsheet | The SeedZine (Entrepreneurial Ezine) | The Fly Low Collect Dough Update Hotline

Get the report on Harvey Brody's Answers to a Question-Oriented-Person


All times are GMT -4. The time now is 04:53 AM.


Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.