Expert Networks: A Secret World of $500 per Hour Consultations

My firm specializes in MnA IT diligence work. We have so many PE firm relationships and consultants with industry specializations that what we do sounds like a long term version of this. The rates tend to stay up there on through post-close transaction work as well.

Re: Expert Networks: A Secret World of $500 per Hour Consultations

#5

Post by 0xDEEPFAC » Thu, Oct 03, 2019, 3:23 AM UTC

Not to be inflammatory, but this article reads like a clickbait ad. I would take it with a grain of salt...

If it seems too good to be true it often is.

Re: Expert Networks: A Secret World of $500 per Hour Consultations

#6

Post by stevehawk » Thu, Oct 03, 2019, 3:25 AM UTC

0xDEEPFAC wrote: post #5

Not to be inflammatory, but this article reads like a clickbait ad. I would take it with a grain of salt... If it seems too good to be true it often is.

Not only that.. if you click on their link to 'expert networks' to talk to.. one of them is apparently completely staffed by 20-somethings that look fresh out of college. Doesn't inspire the idea of expertise.

Re: Expert Networks: A Secret World of $500 per Hour Consultations

#7

Post by joe_the_user » Thu, Oct 03, 2019, 3:26 AM UTC

The actual world of super-high paid consultant would be interesting to hear about. This is either a niche-within-a-niche or a scam, depending on whether you believe the page.

The thing is, maybe there are circumstances when someone who's just quite well informed about an otherwise boring industry can get an "information download" gig as described but I'd also guess those are very occasional - only so many investors need those so often. I suspect most super high paid consultant gigs are even more boring - just super well dressed, super connected, super confident, speaking the language of the ultra rich and describing pretty dull and predictable things, mostly management/investment techniques but communicating the right way to the right people and having some level of connection to them. An alternative is a similar someone except a someone who will to tell the super-rich they're wrong and having enough prestige themselves so these rich don't feel like they've been insulted too badly.

Re: Expert Networks: A Secret World of $500 per Hour Consultations

#8

Post by mattzito » Thu, Oct 03, 2019, 3:28 AM UTC

I don’t do this anymore, due to my employer looking unfavorably towards it, but I was charging between $600-900 an hour for my industry advice on spaces I’d worked in. I could have charged less and done more hours, but I found there was a lot of cancellation and rescheduling and misunderstanding at lower rates, and charging more just limited things to high intent clients.

It was never a significant percentage of my income, but it was a nice low 5-digit uplift a year. Separately I met a guy who advised on a very narrow sector of the energy market and charged $1800/hour a couple of hours a week. The more niche your expertise, the more you are worth.

Re: Expert Networks: A Secret World of $500 per Hour Consultations

#9

Post by tschwimmer » Thu, Oct 03, 2019, 3:30 AM UTC

mattzito wrote: post #8

I don’t do this anymore, due to my employer looking unfavorably towards it, but I was charging between $600-900 an hour for my industry advice on spaces I’d worked in. I could have charged less and done more hours, but I found there was a lot of cancellation and rescheduling and misunderstanding at lower rates, and charging more just limited things to high intent clients. It was never a significant percentage of my i…

Damn, what segments did you work in? The firm I'm working with maxes out at like $100 an hour.

Re: Expert Networks: A Secret World of $500 per Hour Consultations

#10

Post by [deleted] » Thu, Oct 03, 2019, 3:31 AM UTC

joe_the_user wrote: post #7

The actual world of super-high paid consultant would be interesting to hear about. This is either a niche-within-a-niche or a scam, depending on whether you believe the page. The thing is, maybe there are circumstances when someone who's just quite well informed about an otherwise boring industry can get an "information download" gig as described but I'd also guess those are very occasional - only so many investors n…

[deleted]