Average consulting fees can range anywhere from thirty dollars to thousands of dollars per hour. Understandably, most people who are interested in becoming a consultant want to discover average consulting fee statistics.
However, in order for average consulting fee data to be useful, it’s important to get specific and compare yourself to others in your industry.
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Consulting fee surveys are a valuable tool worth reviewing. Not only is it natural to want to know how you compare against others in your industry, but considering your competitors’ rates is also an important part of setting your consulting fee rates.
When considering setting consulting fee rates, consulting fee surveys are worth looking into. However, they are not blueprints for what to charge as a consultant.
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Computer consulting fees, like all consulting fees, are affected by a number of factors.
Because most consultants agree that there is no standard consulting fee that works in all situations, many new computer consultants have difficulty figuring out what they’re “worth.”
Crunching the numbers
There are six primary consulting fee models, which include setting consulting rates based on performance, and doubling or even tripling your hourly wage. Some IT consultants combine a number of these models at the same time.
When determining your computer consulting fee you’ll realize that determining your IT consulting fee is just as much about building value as it is about crunching numbers.
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There are a number of ways to set consulting fees, and charging standard fees (charging what everyone else charges) is merely one of six 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.
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So you’ve been consulting for a while and a big check rolls in. Ka-ching! You’re set.
But there’s one thing you should never, ever do with a check.
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Consulting fees and coming up with a model for setting fees can be tricky. Use our handy guide to set your rate and charge your consulting fee with confidence.
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