Consulting Best Practices

Choose Project Value Over Hourly Rate

The role of a communication consultant needs a right estimate of the time. Since the surge in the required time will affect the actual project cost, the business owners always question hourly charges. On an hourly basis, the consultants get underpaid. Therefore, find out the overall project cost by multiplying the estimated project time with your hourly rate. However, the question remains, how to find out the hourly rate as per the present market scenario. The best way is to learn to navigate projects and client communications by observing how others are managing their relationships. Adapting successful project strategies to your own circumstances will help in deciding the best price for your efforts. Moreover, whenever the clients demand hourly rate, reframe the conversation to discuss project requirements and deliverables to give them a realistic estimate of the overall project cost. Read the original article on the following link:

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