How to set your consultant billing rate

Posted by lyceum under Strategy
From http://www.christopherspenn.com 4321 days ago

Christopher S. Penn is showing how you calculate your billing rate as a consultant, by using the "Floor & Ceiling" method. How do you set your rates?

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Written by lyceum
4320 days ago

Sian: Thanks for your input. Christopher S. Penn's post got me thinking about how I should come up my "floor" rate. I have already been fascinated with how high up you could go with your "roof" rate, if you meet customers, clients and business partners who understand your true value.

That's why I have done a philosophical point in a blog post that my standard rate is based on the silver price. 1 kg of silver for 1/2 working day (4 hours effective time). Today's rate will then be USD $ 229 per hour.

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Written by Sian Phillips
4321 days ago

Great post. This is something I always struggle with as I do a few different jobs. You've given me a good idea how to tackle this in future though. Knowing your value is very important too - and don't undervalue yourself. And yes I'm told I always undercharge. Thanks for sharing on Bizsugar.com

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