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$550k per week? That pencils out to $1375 per hour, a pretty astronomical rate in any industry. Edit: dropped a 0 earlier. I meant to say $13,750 per hour. Nic

by phil 15y ago

$550k per week? That pencils out to $1375 per hour, a pretty astronomical rate in any industry. Edit: dropped a 0 earlier. I meant to say $13,750 per hour. Nice work, if you can get it.

alinajaf 15y ago
Apologies if I was misleading, not as high as that but in six figures.
- rgrieselhuber 15y ago
  A week?
  - alinajaf 15y ago
    I don't want to belabour this point too much, but yes. The conversation does not look like this: "Hey guys, I have 10 years of experience doing consulting, my rates are $3000 / hour, hire me for two weeks and to improve your conversion." According to my consultant friend, it's a lot more like this (bad maths all mine, also note that I have no idea what real numbers here would look like, so I could be wildly off-base): A: "So you currently do $20 million in revenue through your website. Based on initial analytics me and the tech team have put in place, we estimate that one out of a hundred visitors to your site become paying customers, in other words you have a 1% conversion rate. All things being the same, what would it mean to your annual revenue if I could increase that rate by 0.5 of a percent, to 1.5% over the course of a year?" B: "Well, if you could do that it would mean an increase in revenue by $10 million." A: "Right, so what I propose is that you bring me on board for a couple of weeks to put systems in place to monitor that conversion and test ideas for increasing it in a way that makes sense for your organisation. My fee for this would be $200,000." To be perfectly honest I don't have any specifics or solid facts to back this up, just the single anecdote and even that is second hand. The point I was trying to press home is that patio11 is selling himself short.
    - rgrieselhuber 15y ago
      Thanks. That's a great way to sell.
joshu 15y ago
$1k/hr is not unusual for a good lawyer.
- deleted 15y ago
  [deleted]
jgeralnik 15y ago
Unless you work a 400 hour week, you seem to have missed a zero. Assuming a 40 hour week, $550k is $13750 per hour.

by phil 15y ago

$550k per week? That pencils out to $1375 per hour, a pretty astronomical rate in any industry. Edit: dropped a 0 earlier. I meant to say $13,750 per hour. Nice work, if you can get it.

alinajaf 15y ago

Apologies if I was misleading, not as high as that but in six figures.

rgrieselhuber 15y ago
A week?
- alinajaf 15y ago
  I don't want to belabour this point too much, but yes. The conversation does not look like this: "Hey guys, I have 10 years of experience doing consulting, my rates are $3000 / hour, hire me for two weeks and to improve your conversion." According to my consultant friend, it's a lot more like this (bad maths all mine, also note that I have no idea what real numbers here would look like, so I could be wildly off-base): A: "So you currently do $20 million in revenue through your website. Based on initial analytics me and the tech team have put in place, we estimate that one out of a hundred visitors to your site become paying customers, in other words you have a 1% conversion rate. All things being the same, what would it mean to your annual revenue if I could increase that rate by 0.5 of a percent, to 1.5% over the course of a year?" B: "Well, if you could do that it would mean an increase in revenue by $10 million." A: "Right, so what I propose is that you bring me on board for a couple of weeks to put systems in place to monitor that conversion and test ideas for increasing it in a way that makes sense for your organisation. My fee for this would be $200,000." To be perfectly honest I don't have any specifics or solid facts to back this up, just the single anecdote and even that is second hand. The point I was trying to press home is that patio11 is selling himself short.
  - rgrieselhuber 15y ago
    Thanks. That's a great way to sell.

joshu 15y ago

$1k/hr is not unusual for a good lawyer.

deleted 15y ago
[deleted]

jgeralnik 15y ago

Unless you work a 400 hour week, you seem to have missed a zero. Assuming a 40 hour week, $550k is $13750 per hour.