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Hourly rates of ghostwriters

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Hourly rates of ghostwriters can vary widely depending on factors such as experience, field of expertise, type of project, scope, level of difficulty, and individual factors. Ghostwriters offer professional writing services, where they write texts on behalf of clients without disclosing their authorship. Here are rough guidelines for hourly rates of ghostwriters in different regions:

Europe:

Beginner or junior ghostwriters: €20 - €50 per hour

Experienced ghostwriters: 50 € - 100 € per hour

Specialist or renowned ghostwriters: 100 € and more per hour

USA:

Beginner or junior ghostwriters: $30 - $60 per hour

Experienced ghostwriters: $60 - $120 per hour

Specialist or renowned ghostwriters: $120 and up per hour

Prices may also be based on other billing models, such as flat fees per project or per word

Since writing is a creative process and the requirements of each project may vary, it is important to clarify the exact details of the project and set a price accordingly. The ghostwriter's experience, expertise, and scope of the project will all factor into the pricing. It can also be helpful to compare yourself to other ghostwriters in your industry and look for client reviews or recommendations.

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Hourly rates in management consulting

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Hourly rates in management consulting can vary widely depending on experience, area of expertise, industry, location, company size and type of consulting services. Management consulting encompasses a wide range of services, from strategy consulting to process optimization to organizational development. Here are rough benchmarks for hourly rates in management consulting in different regions:

Europe:

Entry or junior consultants: 80 € - 150 € per hour

Experienced consultants: 150 € - 250 € per hour

Senior consultants or subject matter experts: €250 and more per hour

USA:

Emerging or junior consultants: $100 - $200 per hour

Experienced consultants: $200 - $350 per hour

Senior consultants or subject matter experts: $350 and up per hour

These estimates are general and may vary depending on the specific area of expertise (e.g., management, finance, IT), the reputation of the consulting firm, the type of service, and the complexity of the project.

Since management consulting is diverse, it is important to research current market data and rates in your region and industry. Setting hourly rates should be based on a thorough analysis of market trends, your own experience and expertise, and the value you can add to clients. Also consider the competition and the target customers' willingness to pay.

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Consultants hourly rates

08/31/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Consultants' hourly rates can vary widely depending on experience, area of expertise, industry, location and type of service. Consultants provide consulting services in a variety of areas, including management consulting, IT consulting, business consulting, financial consulting, human resources consulting, and more. Here are rough guidelines for hourly rates of consultants in different regions:

Europe:

Entry or junior consultants: 40 € - 80 € per hour

Experienced Consultants: 80 € - 150 € per hour

Senior Consultants or Subject Matter Experts: 150 € and more per hour

USA:

Emerging or Junior Consultants: $50 - $100 per hour

Experienced Consultants: $100 - $200 per hour

Senior Consultants or Subject Matter Experts: $200 and up per hour

These estimates are general and may vary depending on the specific area of expertise and services offered. Consultants may also use different billing models, such as daily fees or project rates

Because the range of consulting services is broad, it is important to conduct thorough market research to understand current pricing in your industry and region. Consider your own experience, expertise and the value of your services when setting your hourly rates. You should also consider your target audience and their willingness to pay before pricing.

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Why corporations increasingly rely on intermediaries and IT freelancers

08/28/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In recent years, the world of work has changed dramatically, and this change is also reflected in the business strategy of many large corporations. Instead of relying exclusively on traditional permanent hires, companies are increasingly turning to intermediaries and IT freelancers to help them achieve their projects and business goals. There are several reasons for this trend, which are beneficial to both the corporations and the freelancers themselves.

Flexibility and agility:

The fast-paced market requires companies to be able to quickly adapt to new situations and respond to current trends. By relying on intermediaries and IT freelancers, corporations can more easily respond to fluctuating workloads. They can assemble flexible teams and downsize or expand as needed without having to go through lengthy hiring processes. This flexibility allows them to use resources more efficiently and reduce costs.

Access to expert knowledge:

In an increasingly specialized business world, companies often need specific expertise for their projects. By working with intermediaries and IT freelancers, they gain access to a pool of talented experts who have the necessary know-how to meet their requirements. This allows corporations to tackle complex projects without having to maintain additional staff on a permanent basis.

Innovation and diversity:

Working with freelancers from different industries and backgrounds can stimulate the innovation process. External professionals often bring new ideas and perspectives that internal teams may miss. In addition, freelancers can bring cultural diversity and new ways of working to the company, which increases innovation and fosters creativity.

Cost optimization:

Hiring full-time employees comes with high costs, such as fringe benefits, employee benefits, health insurance and office infrastructure. By working with IT freelancers, corporations can reduce these costs, as freelancers typically provide their own resources and work on a self-employed basis.

Faster project delivery:

At a time when time is of the essence in gaining competitive advantage, by engaging intermediaries and IT freelancers, companies can get their projects done faster. Freelancers are often highly motivated to complete their work in less time, as their success can depend on how many projects they successfully complete and receive positive reviews.

Expanding the talent pool:

Many companies struggle to find qualified professionals, especially in certain niche areas or during times of a skills shortage. Working with freelancers significantly expands the talent pool for companies, as they are no longer limited to local candidates. They can search for the best experts on a global scale.

So overall, corporations benefit in many ways from collaborating with intermediaries and IT freelancers. By working in this way, they can respond more flexibly and agilely to market changes, gain access to specialized knowledge and experts, reduce costs, strengthen innovation and implement their projects faster. At the same time, freelancers themselves also benefit, as they can organize their working hours and projects more flexibly and have access to a larger number of potential clients. The increasing importance of freelancers and intermediaries in the economy suggests that this trend will continue in the future.

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Why it is becoming increasingly difficult for B2B companies and service providers to cover their costs with Google advertising

08/25/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The digital advertising landscape has changed dramatically in recent years. Especially for B2B companies and service providers, it is becoming increasingly difficult to break even with Google advertising. In this article, we will look at the main reasons why these changes have taken place and what challenges this poses for B2B companies.

Growing competition:

The number of companies using Google advertising has increased significantly in recent years. As a result, competition for limited advertising space on search results pages and in Google Ads has increased significantly. As competition increases, so does the cost per click and per conversion, resulting in higher ad spend for B2B companies and service providers.

Rising click prices:

Click prices in Google Ads have risen sharply in many industries. Especially in B2B areas with expensive products or services, the cost per click can quickly skyrocket. It is becoming increasingly difficult for companies to find cost-effective keywords to reach their target audience.

Long sales cycles:

B2B companies and service providers often have longer sales cycles than B2C companies. Business customers tend to take longer to make decisions, which can lead to higher costs per conversion. Tracking conversions and accurately measuring advertising success becomes more complicated as a result.

Ad blockers and ad blindness:

More and more Internet users are using ad blockers to protect themselves from advertising. As a result, ads are less visible and thus less noticed. Even when companies invest in Google Ads, a significant portion of their target audience may not even see the ads.

Complexity of Google Ads:

Google Ads is an extremely complex advertising tool with many setting options and features. For small and medium B2B companies, it can be difficult to set up and optimize an effective advertising campaign, especially if there is no designated Google Ads expert in the company.

Shift to other platforms:

With the rise of social media and other advertising platforms, some companies are shifting their advertising budgets away from Google Ads. Depending on the target audience and industry, advertising on platforms such as LinkedIn, Facebook or specialized industry portals may be more cost-effective and targeted.

Conclusion:

B2B companies and service providers are finding it increasingly difficult to cover their advertising costs with Google Ads. Increasing competition, rising click prices, long sales cycles, ad blockers and the complexity of Google Ads are just some of the challenges they face. It is important that companies carefully rethink their advertising strategies and possibly consider alternative advertising platforms to effectively reach their target audience and achieve their marketing goals.

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