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What Is the Average Consulting Fee?

April 23, 2012 | Comments: 0 | Views: 202

Consulting requires you to lose your ego!

Depending how long you have been at a job, how long since you left your specific field of knowledge and your title can have great effects on what you can charge for your services.

The reality is that if you are a true consultant, people are paying you for your experience. So here is the question, how much experience do you have? Now how much experience do your customer's or potential customer's think you have?

The price for your services is in direct relation to the amount of upfront value you can give.

I suggest to new folks that if this is the only source of income you will have and if you need every penny of it coming in, then you better have a price that allows you to build your reputation.

If you are someone that has the reputation and are doing this to keep busy and to stay sharp in your field, then you need to find that "market will bear" price and that may take a couple of tries.

You can look at your flat fee's:

DailyWeekly Monthly With travel / With no travel Expenses NTE Hours

Changing Fees:

Critical Time Transitioning Additional Staff Requirements International Travel Hazard Travel location

These are just a few suggestions that you may want to look at as you get started, again depending on your market segment you are coming out of.

Then look at how long your pricing will last when you bid a job.. is it for a week do you let the price go for a month? That is something that you have to look at.

Key to any project is to get the outline, be clear on what you want, and what is it that the client is looking for. If you don't spend a great deal of time on the discovery, you can run into problems as early as the first week of the project.

So in addition to the pricing suggestions that I shared above, you may look at special pricing during the 'discovery phase' of the project.It's not necessary, it is something that if you identify it with a unique pricing, the client will know they are going to have to go through that process and it may not seem to challenging to them when you are asking them a bunch of questions about their business.

So these are just a few suggestions some ideas for you to think about as you begin your business and strike out on your own.

I did a YouTube video with a great business partner of mine on How To Become A Consultant, click on the title, it could give you some additional ideas.


Sean G Murphy

Sean G Murphy has over 20 years experience in sales and training. As a Professional Public Speaker, on topics of motivation, inspiration, accountability. He has been translated into 20 languages, and spoken live on stage in front of audiences in 18 countries.

Sean's main focus is to be a Better Dad and Husband, and to help others who want to have more of what they want and less of what they do not.

Source: EzineArticles
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Consulting Fee


Sean G Murphy


Becoming A Consultant






How Much To Charge

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