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Questions & Answers

Posted by Tracey G on 2015-09-13 17:26:00
Title: How do I determine my worth?
Category: Money

I have embarked on a short term contract running the social media compenent of the client's campaign as well as organizing a private VIP event. How would I evaluate my worth translated into an hourly pay rate? I am new to the independant consulting world. Thank you. Tracey

Answer:

Kenneth Maclean
2015-09-17 14:12:00

Given that you are new to the independent consulting world, you should probably set an hourly rate based on your experience and efficiency in completing the work.  If you are unsure of the appropriate hourly rate, you may want to research and see what other consultants are charging hourly for similar services.  

If your prospective client is looking for fixed fee pricing, you will need to do your best to estimate the hours it will take to complete the job. It might be a good idea to pad these hours by 10-15% if you are really concerned about overages. 

Best of luck in the consulting world!