As with any service, there is a wide range of pricing in the digital marketing space. For SEO, you can expect to pay $100 – $150 per hour. The going rate for content creators ranges from $16 to $100 per hour. Projects demanding a higher level of authority or expertise may pay more.
$50 to $150 per hour
To calculate your consulting hourly rate , determine what salary you’d like to make. Take that number and divide it by 52 (number of working weeks), then again by 40 (number of hours in each week).
“The market rate” is the average price and range of pricing a typical customer will pay for your type of consulting service. If the average business consultant charges and receives $100 per hour, than the “market rate” is likely between $50 to $150 per hour.
Originally Answered: Can digital marketing make you rich ? Yes, Indeed. Digital marketing plays a vital role in any business nowadays to drive huge amount traffic on your website. There are various techniques which come under digital marketing such as SEO, SMO, SMM, etc.
The average digital marketing cost ranges from $30,000 to $145,000 per year. Most businesses will pay $90 to $210 for hourly services or $3,000 to $10,000 for monthly services. You can also pay per project which will cost around $4,500 to $7,000. When it comes to budgeting, price comparison is key.
As a benchmark, in our experience, these fees tend to be between $65-$300 per hour. This varies greatly depending on one’s resume, overhead and demand. For your average marketing consultant , fees are most commonly in the $100-$175 per hour range.
National Average As of Dec 21, 2020, the average annual pay for a Digital Marketing Consultant in the United States is $90,143 a year. Just in case you need a simple salary calculator, that works out to be approximately $43.34 an hour.
Typical social media consulting/freelance rates 2019 A consultant with 0-3 years experience and a limited portfolio will likely want to start charging between $15 -$50 per hour, depending on the project scope and type of client. After three years, you can charge between $50 and $100 per hour.
2. Freelancers ‘ hourly rates range between $50 and $100. The average hourly rate for a freelancer is more than $100. But the majority of freelancers charge less than $50 per hour.
Generally, a service firm establishes hourly rates at 2.5 to 3.5 times the base compensation of the person doing the work. For example, if you feel your time is worth $60,000 a year, or $30 per hour, you may have a standard hourly billing rate of $75 per hour (2.5 x $30).
The reason consultants charge higher rates compared to full time employees is because they should be coming in and offering more value. Consultants provide value in the way of niche knowledge, guidance, and most importantly, impact.
Tips on negotiating a great consulting rate A Recent Experience. Tip #1: Never be the first to mention a price. Tip #2: Never negotiate against yourself. Tip #3: Don’t negotiate your price until you are ready to. Tip #4: Establish the lowest rate you can accept and don’t budge. Tip #5: Be ready to walk away if it’s not going to work out. Back to my story…
A consultant working as a freelancer or independent contractor typically offers several payment options, including payment by the hour, by project or on retainer. Some clients prefer to be billed by the hour. Consultants receive an agreed upon fee for work on a project completed by a specified date.