|
Waiting Lists, when to stop?
Hello,
I have a question about waiting lists. I have enough work to keep me busy for the next two+ years. I have three young children, and I teach art classes so it doesn't take a lot of commissions to fill up my year. I have two new potential clients that would like to commission complex/time consuming portraits, which should be good news. But I am nervous about booking myself three years in advance. I would like to raise my prices soon but the more commitments I have at my current (too low) prices the longer it will be before they go up. I also feel a little uneasy promising something so far away. A lot could happen between now and then. In the meantime, I have been requiring a 50% deposit and a signed contract to hold their place in line. Which means I have taken a lot of money for work I have yet to begin. I am worried that this does not make good business sense. Or, is it bad business to turn down work? Where do you draw the line on waiting lists, or do you?
Thank you,
Lara Cannon
|
Threaded Mode
