If you were a business consultant, what would you charge your client?

Answer 1

I look at things several ways:

1) How much are you helping your client? For instance, has your advice saved them $80k/year in costs, even though it took you only a week? Then it might be better to negotiate a project fee higher than an hourly rate.

2) How much do others offering similar services to yours charge, given similar levels of skill and experience? Try to be much better than average, and charge a higher than average rate. (sounds obvious, but it is a much better choice than being the low-price-leader and trying to make up for it on volume of work)

3) How much time will the project actually take you, and what will your expenses be during the project? You could always calculate your hours and expenses, and charge exactly that. Your hourly rate will depend on you, your industry, the market etc. but we charge 150 for consulting, and 95/hour for production/implementation work.

4) What is the opportunity cost of taking the project? Will taking this project make it impossible for you to land other, potentially more valuable, work? If so, you should charge a higher rate.

After considering all these factors determine a fee that will both compensate you for your time and knowledge, and guarantee that you will be adding value to your client's business.

Answer 2

it depends on the client, service being provided, etc. I would not charge a small business the same as a fortune 500 company because the level of resources required to accomplish the task will be different.

That is the beauty of consulting...

Answer 3

Having paid for this type of service in the past and not having received good advice, I offer the following advice: Charge an amount which results in a profit for your client and a profit for you or your company. If you make money but the client does not perceive that your advice made him or his company any money, the relationship will end. You will make far more in the long run if your advice makes you both money and the client recognizes that your advice was responsible for his gain. The amount you charge will be reasonable if these conditions are met regardless of what you charge.

Answer 4

I assume business consultant means: Providing management advice, not programming, technical or the like ...

Obviously depends on what they need, and how much experience you can really bring to the table.

Free lancers who aren't aggressive charge $1000 to $1500 / day depending on the length and difficulty of the assignment. Those selling to Fortune 500, with lots of experience (as solo consultants) like to get $2000.

The partners at the big 5 like to say they charge $3000 or more a day ... but offer discounts to sell lots of lower level time.

Answer 5

If you are well trained $250'00 - $ 750.00 hour. I charge $4500.00 + exp for an all day seminar in house. It really depends on the field of knowledge. I work the new growth and business. Hope this helps. J Kelly

Answer 6

Depends on the marketing consultant, but here's a question: shouldn't you know your potential customers? Who do you think will buy from you? Retailers? Homeowners? I could give you more suggestions, but it'd be inappropriate in this forum. I think you have the knowledge without paying someone to think for you.

Answer 7

how about $30hr
but then it depends on how long u will be dealing with this client, for instance if he wants u to be at his side making sure all his steps are correct, well just charge him for the project.

Answer 8

At least $100 per hour on up to $250 an hour for special expertise.

Answer 9

Four 2-day on site consultaions per year with unlimited phone access for one calender year/$12,000 is what my co. just paid.

Answer 10

The question is too vague. Narrow it down, and you will get some better answers.