What does a business consultant actually cost, and when does the ROI show up?
What does a business consultant actually cost, and when does the ROI show up?
Pricing falls in three brackets. Hourly: $150 to $400. Daily: $1,500 to $5,000. Project-based fees scope to outcome, typically $25,000 to $250,000. ROI usually surfaces between months 6 and 12, through efficiency gains and revenue growth that compound after the engagement ends. The cheap consultant is rarely the lowest-cost choice once you measure outcome per dollar.
Kamyar Shah, Fractional COO, World Consulting Group.