Katie McManus outlines a consulting model where you take 2-5 month full-time engagements at $130-$180/hour, working 30-40 hours weekly. Four contracts a year at this rate nets roughly $281,000. The key is marketing constantly so you don't have gaps between clients.
Questions this video answers
2 to 5 months.
30 to 40 hours per week.
$130 to $180 per hour.
About $281,000.
Four weeks per year.
Chapters
If you want to start a consulting business where you make $250,000 a year or more, then listen up because I'm about to break down exactly how you do it. And hi, I help ADHD business owners make more money in less time with your distraction by helping you figure out your profitable niche, design a compelling offer that people want to buy and teach you how to do marketing and sales that doesn't feel gross without using one of those cookie cutter one size fits all programs. And instead, I customize my plans to each and every single one of my clients so that you have a business that reflects exactly who you are. I'm Katie McManus, business strategist and money mindset coach. So if you're ready to build this consulting business, let's get started. Okay, so first and foremost, this is a full time, kind of temporary position. There are a few different models when it comes to consulting. This is just the most popular and the most widely accepted. So when you work with clients, you're going to want to be fairly flexible, but you want to have them commit to two to five months of working with you. During that time, you're going to do a total of 30 to 40 hours of work for them per week. Now, in this model, you're actually going into the business either virtually or physically, and you are doing work in the business. There are other models of consulting where you're more of an advisor. This one, you're, you're acting like an employee without being an employee. To make $250,000 or more a year, you're going to want to charge 130 to $180 an hour. You can also charge more. This is not a limit. Now, depending on how many hours you work per week and what your hourly rate is, your annual salary could vary greatly, but the average will be about $281,000. And that's factoring in you taking off four weeks per year. Now, the key to making this model successful is you don't want to have any inactive lag time. Now, vacation time is one thing, but time between jobs where you're scrambling for your next thing? Not cool. So one of the things that I always work on with my clients who run this kind of business is we are designing their marketing strategy so that even when they are on a long term assignment and they have money coming in, they are still marketing. Because as soon as one job finishes, you want to have your next job already lined up, already with a deposit paid. And I'll be talking about a couple other models but I want you to remember that this is not a limit. Okay? You can absolutely scale scale this type of business if you are willing to outsource some of the work. Two simple things for you to do. If you find this kind of content helpful, then go ahead and like and follow me. And if you're ready to build this kind of business that you can make this much money per year, then go ahead to the link in my bio and book a generate income strategy call and we will develop your plan to design this kind of business so that it works for you.
