Standard consulting fees.. Do they really exist? The answer to whether standard consulting fees really exist is yes and no.
Standard consulting fees – Yes
Yes, in certain consulting fields there may be a standard range of consulting fees for a certain service.
Standard consulting fees – No
However, not all consultants charge based on the same parameters, nor do they necessarily offer the same level of service.
Further, because there are so many types of consultants, there is no standard consulting fee that covers all consultants.
How to set consulting fees
There are a number of ways to set consulting fees, and charging standard fees (charging what everyone else charges) is merely one of the primary consulting fee models.
Indeed, rather than base your rates exclusively on what other consultants are charging, consider what your services are worth. Do you offer standard services or do you offer more than the rest? Do you offer something unique?
Understanding standard consulting fees is just part of the process of setting your consulting fee rate.
When determining your consulting fee rate, consider your strengths, weaknesses, opportunities, and threats. Who is your ideal client? What do you want to be known for? What do you offer your clients? How are you different from other consultants in your field? All of these questions affect how to set your consulting fee rates.
Want even more info? Get guidance on setting consulting fees in my Consulting Fees: A Guide for Independent Consultants
- Setting consulting fee rates
- How do you set consulting fees?
- Consultant fee sticker shock
- Should you negotiate your fees?
- Consulting Fees: A Guide for Independent Consultants