What’s a good starting rate for new experts? Can I change my advice rate later? Should I offer discounted rates to attract more clients?
Setting the right price for your expertise can feel daunting, especially if you're new to offering advice professionally. Here's a simple framework to help you decide on a fair and strategic rate.
Understand Your Market Value
One of the best ways to determine your rate is to compare yourself to other experts in your field. Use our platform to search for professionals with similar experience and see what they charge.
Alternatively, if you already have a standard billable rate (e.g., from freelance or consulting work), feel free to use that as a benchmark. We charge members by the minute based on your set hourly rate.
Start Lower to Build Demand
If you're just starting out, consider setting your rate slightly below your typical value. This helps attract more initial calls, build credibility, and gather reviews. As demand for your advice grows, you can gradually increase your rate to match your time's value and manage call volume.
Quick Tip: Calculate a Fair Hourly Rate
If you’re unsure where to start, here’s a straightforward formula:
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Take your annual salary
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Divide it by 2,000 (the typical number of working hours in a year)
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Double that figure for your consulting rate
Example:
$100,000 salary ÷ 2,000 = $50/hour
$50/hour × 2 = $100/hour
This method gives you a solid starting point that reflects both your time and expertise.
Note: Any rate changes will only affect new call requests made after the change.