Ditching Hourly

Brandon Reed - Instant Success With Fixed Price Options

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Jan 10, 2023
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ANECDOTE

How Specialization Evolved

  • Brandon explains how Loft64 narrowed into rooftop resort-style amenities and embraced specialization over years.
  • He says deeper focus revealed many new opportunities and increased client willingness to pay higher fees.
INSIGHT

Hourly Billing Erodes Trust

  • Brandon realized hourly billing invites client questioning and creates internal tracking busywork.
  • He concluded hourly rates undermined trust and rarely produced useful internal data.
ADVICE

Trial A Flat-Fee, Results-Focused Model

  • Do ditch hourly tracking and switch to results-focused commitments if your team meets deadlines and stays responsive.
  • Try a three-month trial to test the change and revert if it fails.
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