You’re not going to be solving anything on the fly. As I said before, most of these calls are about “knowing” vs. And there are several things you can do to really stand out here. The second key – subject matter expertise – is basically your product.
How To Succeed As an Expert Network Consultant “What, the network’s top rated expert in our target industry wants an extra $400 for her time? No, really, why are you asking? Just get them on the phone!” Yeah, that kind of money.
Jerking your rate to $500 per hour is a non-existent speed bump in these people’s project budget. Incidentally, you’ve got a ton of latitude on your consulting fees. This can all beīilled back to THEIR clients, who are paying millions of dollars for advice on how to make a multi-billion dollar decisions.
Knows their stuff and can share ideas with them in a professional manner. So they pay a lot of money ($1000+ per session) to the expert network to be assured the person on the other end of the line You’re being hired to fix this problem – and quickly.
Except in this specific situation… they don’t. They are paid thousands of dollars per hour to know the business. They need to be able to persuade their own clients and bosses they are 100% plugged into the space and can be trusted not to screw up a multi-billion dollar mega deal. These folks don’t care about money, they care about speed and accuracy. So why do you get paid so much? Simple – there’s a lot of money on the table and time is of the essence for these clients. These paid consulting calls are fast and intellectually stimulating.
The client is looking for a fast download on how the industry works at a strategic level along with a commentary on any significant current events. The calls are focused on one of your areas of expertise. The client is generally trying to rapidly get up to speed on an industry for an acquisition or corporate strategy project. Welcome to the wonderful world of expert networks, a platform for short “consulting calls” between experts in an industry and clients in consulting, professional services, and investment management. All of these gigs were performed at nosebleed rates: up to $500 per hour. With zero marketing / selling and prompt payment. I was earning several thousand dollars per month delivering a basic “industry orientation” talk to new management consultants and professional investors. How about a decade of experience in a relatively boring niche industry? What do you think it takes to bill $500 an hour as an independent business strategy consultant?Ī Harvard MBA? Deep knowledge of a hot science field? Several years of investment banking and strategic consulting experience? An unlimited expense account and an epic pile of blackmail pictures?