I was a little surprised last week by all the attention surrounding Chris Brogan’s day rate. A little of it reminded me of when I started my business and a few (former) friends decided I was really sitting around eating bonbons and cashing trust fund checks. Mostly it reminded me that too many people don’t know how to value their work.
My day rate may not be $22,000, but I do not allow organizations to pick my brain by the hour. My hourly strategy rate is primarily used to establish a retainer or a project fee–both of which build in start-up, research, concepting, and so forth. Not to mention intelligence, know-how, and expertise.
Why would anyone walk into a room and discount that?
Photo by Esparta (Flickr).