This Infographic Explores the Cost of Consulting Services
Jonathon Brown — November 28, 2012 — Special
References: blog.zintro
This infographic looks at the booming industry and cost of consulting services.
In an increasingly unstable employment market, creating your own work through consulting gigs can be a great career move if you understand the market, your strengths and how to market yourself.
The consulting industry rose from revenues in 2011 of 361 billion dollars to revenues of 391 billion dollars in 2012.
There is no 1,2,3 guide to becoming a successful consultant, which is why networking is essential. Thirty-eight percent of consultants say referrals make them the most money and 22% say they spend most of their time networking.
This cost of consulting infographic also gives information on how to set your fees. You can go with payment by the hour, which is usually the case for IT consultants. You can also ask to be paid on a project basis, which is typical for strategic planners.
In an increasingly unstable employment market, creating your own work through consulting gigs can be a great career move if you understand the market, your strengths and how to market yourself.
The consulting industry rose from revenues in 2011 of 361 billion dollars to revenues of 391 billion dollars in 2012.
There is no 1,2,3 guide to becoming a successful consultant, which is why networking is essential. Thirty-eight percent of consultants say referrals make them the most money and 22% say they spend most of their time networking.
This cost of consulting infographic also gives information on how to set your fees. You can go with payment by the hour, which is usually the case for IT consultants. You can also ask to be paid on a project basis, which is typical for strategic planners.
Trend Themes
1. Rise-of-consulting-industry - The consulting industry is booming due to unstable employment market and creating your own work through consulting, and this trend is expected to continue in the future.
2. Referral-marketing-for-consultants - Networking using referrals is the most effective method for generating income and building reputation for consultants.
3. Alternative-fee-structures-in-consulting - Payment structures for consulting services are shifting from hourly rates to project-based fees to suit the needs of clients.
Industry Implications
1. Management Consulting - Management consulting is a growing industry with increasing demand for services in areas such as strategy, operations, and digital transformation.
2. IT Consulting - The IT consulting industry is evolving, providing services such as cloud computing, cybersecurity, and enterprise resource planning (ERP) systems.
3. Marketing Consulting - Marketing consulting is in demand as companies seek to stay ahead of competition and differentiate themselves in a crowded market.
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