How do you charge for your services?
Actual compensation methods vary depending on your needs.
-On a project basis—specific work for a set price.
-Fee-for-service—payment on an hourly basis for agency services. As more and more of the agency’s services (e.g, online reputation monitoring, public relations, or media analysis/planning/buying) come into play, the nature of our relationship often grows.
-Letter of agreement—spells out all the terms of the longer-term relationship. This agreement may include a monthly retainer fee. The benefit of this arrangement is much like that of having a utility’s budget plan: you know exactly how much is budgeted each month for those services.
At the end of the day, whether we’re compensated on a project, or hourly basis, through media commissions or through a retainer, the acid test is simple: if you feel you got what you paid for, the compensation arrangement is working.