How Much Should You Charge Per Hour as a Marketing Consultant?

How Much Should You Charge Per Hour as a Marketing Consultant?

How Much Should You Charge Per Hour as a Marketing Consultant?. But these kinds of non-full time or third-party work arrangements are becoming more and more common. How to Calculate an Hourly Rate Say you found an awesome job with an amazing company, but they want to work with you on a contract/freelance basis. If you’ve never done this kind of work before, you likely have no idea what to ask for when they ask for a quote of your hourly rate. Fortunately, it’s fairly easy to get a rough idea of a fair rate using a single, simple formula: Hourly Rate = Yearly Income ÷ Hours Worked in the Year In this case, Yearly Income is the amount of money you expect to or need to make in a year. This is a personal number that will depend on a variety of factors. Hours Worked in the Year can also vary somewhat. Say you were offered a long-term contract with a major Fortune 500 firm for a year or more. You make $45,000 now, but think you’re worth a modest raise to $50,000. Note that if you’re working through a marketing staffing firm, you’ll be able to operate as a contractor on an hourly basis but still get healthcare and other coverage typically covered by an employer.

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How Much Should You Charge Per Hour as a Marketing Consultant?

The world of marketing management and execution is evolving quickly. One trend that’s becoming more and more prominent across the professional world is the increase of non-traditional work.

Marketers are no strangers to unconventional work arrangements. Our field has been full of agency partners, contract staffing, freelancers, and more for decades now. But these kinds of non-full time or third-party work arrangements are becoming more and more common.

The jury is still out as to whether or not this is a good thing. But the reality is that your marketing career might well benefit from taking a job in the growing gig economy. And if a great opportunity comes along, it pays to have an idea of what you’re worth and how much you should charge.

How to Calculate an Hourly Rate

Say you found an awesome job with an amazing company, but they want to work with you on a contract/freelance basis. If you’ve never done this kind of work before, you likely have no idea what to ask for when they ask for a quote of your hourly rate.

Fortunately, it’s fairly easy to get a rough idea of a fair rate…

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