How to make money in a consulting business?

You can start small, and over time, as your experience and network grow, you can expand your customer base as slowly or as quickly as you want. There are many consulting niches in high demand, but you can “consult” about anything as long as you can add value, and it's important to keep in mind that the idea of “adding value” is totally relative to the client. At the time I had very little experience in digital marketing, but I quickly realized that I knew more than this law firm and that I could add value. That's all I have to do to become a consultant.

It ended up being a successful partnership in which I rebuilt their website and helped them create Google Adwords campaigns to get more customers. I worked really hard to add value and make the customer happy. I also asked the partners if they knew anyone else who needed similar help. In a few months I already had 3 customers.

Today I have more than 50 in my businesses and employ others to manage relationships, but I started out very small. I use pretty much the same email language to get clients that I started using more than 5 years ago. I put a lot of effort into developing an email template that clearly describes what I do, who I did it for, and how I can specifically help the potential customer. So why did you decide to start working with me at age 26? Both are over 50 years old and, as a digital native of the millennial generation, I brought digital knowledge to the table.

They needed my experience and I needed theirs. It has become a life-changing opportunity for me. I stopped worrying about losing a potential customer opportunity, because there is always another opportunity if you look for it. I also began to value my time much more.

When I was 22 years old, I would stay up all night and work on weekends and even holidays. As you build what I hope will be a successful and profitable consulting business, I encourage you to remember that life is more than just making money. Just as you work hard to get paid as much as you can for your time, it's also important that you dedicate that time to the people and causes that matter most to you. Many consultants choose to earn money per project instead of an hourly rate.

Right from the start, you should be paid fairly, and perhaps even generously. It's important to get customers to attend your consultation sessions. However, you also want to make as much money as possible with your consultation sessions. Those are 8 ways you can earn more money as a consultant and reach 5 figures every year with consulting.

If you're not there yet, you might get there by following these tactics in less than a year. A large part of your success as a consultant depends on your credibility. You might not want to have consultation sessions right now (I haven't had them for a while), but it's still important that anything you do increases your credibility and you become an expert in your niche. I wrote this article because I get a lot of emails every month from people who are interested in starting some kind of online company to “make money”, but who a) aren't sure how to start, b) don't have a solid idea, or c) can't believe that it's really possible and therefore never really do it.

If you are interested in how to earn money as a consultant, I encourage you to check here on Consultant Journal. Customers are demanding, and since they pay you for your time and experience, they will strive to get everything they can for their money. Whether you want to be a millionaire, a millennial, or make a little more money, starting a consulting business and maximizing your fees is essential. Personally, I use Quicken Online and its mobile app to track my consulting expenses and then use a quarterly accountant to estimate my taxes.

While some consultants earn thousands of dollars every month, others struggle to find a person to consult with every month. The challenge isn't how to make more money, but how to make and use money to live a life you love, with time and space for yourself. Everyone wants the dream of 4 hours a workweek of being able to earn money while they sleep or travel around the world. However, many people who claim to be consultants struggle to earn respectable income from their work.

You don't need to be the world's expert in anything to be a consultant, you just have to help someone do something they can't do. I have been fortunate enough to participate in three successful consulting firms, including one where I worked and two where I helped found and build. Once I started developing my consulting business, I tried to get as many clients as I could and tried to make all the clients as happy as possible. .