Question for businesspeople.
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Question for businesspeople.
A museum asked me for a quote on metalwork classification, per DAY. Metalwork classification is an extremely rare but not super in-demand service.
I offered €1300 per DAY including social security contributions, but not including sales tax. They found this astonishingly expensive and turned my offer down. (I had miscalculated -- what I intended would have worked out to €900.)
In your line of business, is €1300 per DAY for a consultant seen as expensive?
@mrundkvist Our small software company charges exactly that - ok, 1250 € per day - for consultant work and adoptations of our standard software for special client needs. Located in Germany, with a somewhat specialized profile (we do software für publishing companies).
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Question for businesspeople.
A museum asked me for a quote on metalwork classification, per DAY. Metalwork classification is an extremely rare but not super in-demand service.
I offered €1300 per DAY including social security contributions, but not including sales tax. They found this astonishingly expensive and turned my offer down. (I had miscalculated -- what I intended would have worked out to €900.)
In your line of business, is €1300 per DAY for a consultant seen as expensive?
My general rule of thumb for consulting work is to take the typical annual salary for a full-time employee in the position and multiply by .0015 to get the hourly consulting rate. Daily rates are 8x that value.
Using my formula in reverse, your €1300/day ask works out to an annual salary figure of almost €110,000. Not sure what folks in your field make on average.
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@mrundkvist We usually count hourly but I'll multiply with 8 as well.
Junior: 80€ = 640
Senior: 110€ = 880
Specialist/expert: 140€ = 1120These are totals, excluding VAT, as invoiced by your own business entity.
I don't know what your line of work is, but 140€ an hour charge-out for an expert/specialist sounds ridiculously cheap to me.
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My general rule of thumb for consulting work is to take the typical annual salary for a full-time employee in the position and multiply by .0015 to get the hourly consulting rate. Daily rates are 8x that value.
Using my formula in reverse, your €1300/day ask works out to an annual salary figure of almost €110,000. Not sure what folks in your field make on average.
@hal_pomeranz Wow that's massively underselling yourself. An employee has sick leave and vacation, and job security. A contract work doesn't. So it needs to compensate accordingly. 1300 for a days work for a world renowned expert, seems entirely reasonable, maybe a little low.
