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2 Reasons To Use Hourly Consulting Fees (& When NOT To)

Consulting Success

Should you ever use hourly consulting fees? At Consulting Success®, we believe that there are more reasons NOT to use an hourly fee than to use one. However, there are 2 scenarios I’ll go over in this article where it can make sense to use hourly fees when pricing your consulting services.

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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Or they haven’t raised their rates consistently over time, or they haven’t switched to a fixed fee. Links to articles on how to raise your rate or switch to a fixed fee are at the end of this one.) To calculate your base rate, used the “2x 3x Estimate.” To calculate your base rate, used the “2x 3x Estimate.”

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5 Things to Remember When Pricing Your Consulting

Consulting Matters

It’s a real challenge for those of us who get paid for our knowledge and insight to come up with the EXACT RIGHT AMOUNT TO CHARGE that both honors our expertise and is fair and reasonable to our clients. Fee ranges are project driven NOT market driven. It is an integral part of your consulting offer.

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Consulting Tip 5: How to Think About Business Models to Avoid Commodity Work & Commodity Fees

Johanna Rothman

That's for several reasons: There are almost always at least three reasonable solutions or answers to a given problem. I offer blog posts, conference talks, and meetups in the low-fee, commodity experience quadrant. My books are a slightly higher fee, but showcase my experience and explain how the reader can succeed.

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Using Online Platforms to Boost Your Billings

Successful Independent Consulting

Consulting agencies and online platforms are similar in that they exist to bring consultants and clients together, but they go about it in different ways and charge different fees. Catalant's agency fee is around 20%. Catalant is trying to change that misperception, which is one of the reasons I like them.

Talent 150
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3 Reasons Smart Coaches and Consultants Don’t Charge by the Hour

Tsavo Neal

When I first started my consulting practice 29 years ago, I began quoting my fees on an hourly basis because I didn’t know any better. Before that, I had been a COO in a public company that used coaches and consultants who charged by the hour. Charging hourly fees limits our annual income. . Works for me!

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5 Ways Playing Small is Sabotaging Your Consulting Success

Consulting Matters

In all of my years consulting to executives, I have never promoted that I have a masters' degree for one big reason: I learned early on that my clients don't care about my masters' degree. "Playing small" is making choices that put a lid on your true potential. Your ideas. Your expertise. My credibility isn't in my credentials.