Hourly Vs. Fixed Price Consulting
So back to consulting, how do you price or pay for services? The most basic model is on an hourly or flat monthly fee basis. Which is better for you? For the individual, think about how many hours the work will take and usually if its more than 20 a month it makes sense to price it out hourly, if its only a small amount of time but adds a lot of value go for fixed pricing. From the company perspective, always go for fixed price + performance if possible. It makes it a lot easier to predict and manage costs even if you lose out on a few hours of work.
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