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Author Topic: Pricing Mark-ups


Newbiezemof
Posts: 21
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Pricing Mark-ups
on: November 27, 2013, 06:45
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As an individual, I understand that some prices are not justifiable just because—we represent ourselves.

Twice I have worked with agencies, who mark-up my prices for their client because their client requested third-party invoices as supporting documents. It is perfectly understandable, but sometimes I feel that I have a need to know their mark-up value so as to make sure that they are not overdoing it and tainting my reputation meanwhile.

A recent one that I have worked with in fact, asked for my editable invoice file (.doc, though I actually did mine in .indd hahaa!) to reflect their prices. It was absolutely rude—in the commercial sense—for they could type in any number and pose it off as an invoice issued from me?! I requested for the new figures and details to be reflected, and would issue them a separate invoice to be passed over to their clients. To my amazement, I was flabbergasted to see my prices DOUBLED. It is a happy thing to see how high your work could be priced but somehow I feel that the end client is being cheated.

Maybe I’m not understanding these agencies enough; couldn’t they include a referral charge by percentage instead of marking up our base prices? Anybody with similar situations or suggestions on this?

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Newbieschin
Posts: 24
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Re: Pricing Mark-ups
on: November 27, 2013, 16:32
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Wow! I didn't know that they did this. It is clearly falsely misrepresenting you and they are pocketing the extra under your name. Please make sure you don't get in trouble for this and have to pay the extra taxes for their greediness! What if they get audited? Never give them an editable invoice!

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Newbiezemof
Posts: 21
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Re: Pricing Mark-ups
on: January 13, 2014, 07:29
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Well, to play on the safe side, though I did knowingly do/provide an additional invoice for them to pass on to their client, I mentioned this in my email to keep clear of potential trouble:

‘Invoice Q---- provided as third-party supporting document for your client attached. Please note that this email serves as an attestation of invoice Q---- issued under instructions from (company name); it does not reflect the true figures chargeable to (company name) for calligraphy services rendered, and will not be liable to serve as witness in the event of a fee dispute. Thank you for your kind understanding.’

Better than nothing, right? Though I’m sure there could be a better way to safeguard ourselves from further exploitation…

Instagram: http://instagram.com/femoz Design: http://femoz.com Tumblr: http://femoz.tumblr.com



NewbiePage5
Posts: 1
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Re: Pricing Mark-ups
on: August 2, 2014, 11:59
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The tax issue is concerning. On the other hand, ever consider increasing your prices? Sounds like your work could command more than you're charging.

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