A consultant’s professional fee setting guide should start with a worksheet model. You can better set professional fees as a consultant if you have a model to guide you through the process. However, as I mention in Consulting Fees, there are many models to consider.
Just how do you determine which model to use? Well, as I’ve mentioned before, I like to work through several models and then take an average. Surprisingly, the various models tend to end up in the same ballpark, so taking an average isn’t really all that necessary, I suppose.
If you need something more advanced, check out my 60-page Consulting Fee Guide for a throughout investigation of the process of setting fees.
How do you set your fees? I’m always curious to hear what others do.