A prospective employer informed me he doesn't have full-time work but may be able to bring me on as a consultant or on a project basis. How do I know what to charge? I've worked extensively with eBay and channel partners for a medium-sized corporation.
2007-03-13 06:05:00 · 3 answers · asked by Erik H 1 in Business & Finance ➔ Careers & Employment
crzyaltego above has a good idea. Here's another one.
Take the annual salary you earned at your last job. Divide it by 2,000 to arrive at your implied hourly rate. Add 20% to cover self-employment taxes. Add another 20% to cover the overhead. Add another 20% just because you can. Offer this rate to the client and see if they bite. If they say it's too high, you can always drop it 20% to show some goodwill...
2007-03-13 06:12:27 · answer #1 · answered by NC 7 · 0⤊ 0⤋
The easiest way to determine you worth as a consultant is calculate your salary on a per hour basis and then multiply that number by 1.7. This should cover your health insurance and any other benefits that the employer would have to pay you. It is difficult to raise your hourly fee once the two of you have agreed on a price so start higher than you would think you deserve because you can always go down. Once you have given the employer an hourly number make sure you can prove to them how you can add value to the company by using your services. Remember your time is worth something so don't be afraid to walk away.
2007-03-13 06:16:11 · answer #2 · answered by apc 1 · 1⤊ 0⤋
call other consultants in your field and pretend you are a customer and ask what they charge- base your rate to be competitive with them
2007-03-13 06:09:17 · answer #3 · answered by Anonymous · 0⤊ 0⤋