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What Type of Billing Rate is Right For Me?

by Steve Arhancet

As an independent consultant or contractor, you maintain sole responsibility for how much you earn. Your rate can be as high as what a client is willing to pay -- but finding out how much that should be is the tough part. The most important step is understanding the scope of the project and the needs, wants and urgency of the potential client.  How do you calculate a bill rate that doesn’t undersell your services or lose you the contract to another consultant? We share three different strategies for calculating an appropriate bill rate.