What’s everyone charge? Hourly / per project ?
# independent-consultants
r
What’s everyone charge? Hourly / per project ?
c
Straight down to business 😄 In the UK and EU I'm seeing day rates of anywhere from 500 - 900 GBP over the last three years for consultant, architect, dev roles. Programme directors are getting somewhat more.
👍 2
r
Ha why not. Ok awesome
We’ve been switching between hourly rates, retainers, and flat rate projects. Not sure what’s best yet
c
I'd say hourly is bad for client and consultant.
👍 1
💯 2
e
I started out charging hourly, but since about 2018 it's been fixed fees, paid 100% in advance
c
@erictgrubaugh would love to hear more about the payment in advance and what sort of contract value you're looking at? Appreciate if that's too sensitive to share though.
e
I follow the advice of pricing mentors like Alan Weiss and Jonathan Stark; I won't hijack the thread too much with details, and I highly recommend their books/content. Jonathan's Learn Your Lines is a great starting point, as is his "Hourly Billing is Nuts". When my business was centered around landing contracts, I would close 2-4 per year, in the ballpark of 15-25k USD each. My sales conversations consisted of asking questions about the value and urgency of the project, effectively trying to convince the prospect not to hire me. Maybe the most important aspect of practicing this methodology was having absolute confidence in walking away from the deal and referring the prospect elsewhere if it wasn't a perfect fit for me - even when I needed the revenue.