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How I Make $160k A Year From My Day Job By Just Talking - Anyone Can Do It

Discussion in 'Making Money' started by Cnotey, Jan 20, 2013.

  1. Cnotey

    Cnotey Power Member

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    So as many of you know, I am a project management consultant. I don't pretend to be the smartest person on the planet. And every single one of you can do what I do. All I do is talk to people and advise them. That?s it. All of the money I make is traded for my time. I work from my home office and make far more from consulting than I do from IM. While I still do IM, I do it to pay for the ?extra?s? in my life (vacations, toys, etc). But my bread and butter is and always will be consulting.

    I don?t sell anything, I don?t spend hours on the computer at night laboring away on coding. All I do is talk to my clients and give them advice based off of my experience. Typically I make around $180/hr doing this. I love my day job, because it?s something I know about, I enjoy it, and I get quite a bit of satisfaction from helping someone understand something that can seem difficult to them but so easy to me.

    I see so many people concerned with CPA and Adsense, that they forget that their own knowledge could be the best source of income. Everyone?s goal here is to be their own boss, and make money doing it. That?s why we are drawn to IM, because we want the freedom to work when, when, and how we want. This can be done in ways other than IM.
    Each and every one of you has an area of expertise that can be translated into consulting. Know about fitness? Become an online fitness consultant. Have experience with mechanical engineering? Consult with inventors. Know about nutrition? Become a nutrition consultation. You get the idea.

    If you are struggling with IM, and need a change of pace, or if you want to do something that is not only profitable, but personally rewarding, try consulting. You won?t regret it.
    It?s been a while since I?ve shared something valuable with BHW, mostly because I am worried about my methods being abused by inexperienced IM?ers. This is one thing that can never be saturated or abused, so I am comfortable sharing it here.

    So, I am willing to help you learn how to be a consultant. To get you started, I have spoken with my business partner, and he has given me the greenlight to share our proprietary video consulting software. It?s basically a skype add-on, which allows you to charge by the minute for video consultation.

    Furthermore, we are giving this software away for free. You are free to sell it if it helps you out. Do whatever you want. Sell it, content lock it, PPD it, we don?t care

    Here's a little video tutorial I did to help you out:

    [video=youtube_share;RRAQz_FZJ54]http://youtu.be/RRAQz_FZJ54[/video]

    http://consulttech.cloudapp.net

    I will be happy to answer any questions regarding becoming a professional consultant in this thread.
     
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  2. StrictlyBiznez

    StrictlyBiznez Junior Member

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    Sorry, this really intrigues me so I apologise for any noobishness in my question but how do you actually get the clients for this starting out?

    I myself do web design but I got my foot in the door by designing freebies and then working up from there. I would have thought for consultancy, you require some sort of qualification to show people you know what you're on about?
     
  3. zeroskater

    zeroskater Newbie

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    Do you need a disclaimer when doing this stuff?
    Just wanting to know what you liable for.
     
  4. Walmert

    Walmert Newbie

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    Wow, interesting. Looking into this now. Thank you!

    I was also wondering about the disclaimer.
     
  5. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    I have a question. Most of my work is fee based on contingencies (% on completion) but quite often clients want consulting work at an hourly rate. I'm not cheap ($200+ an hour) and need a minimum number of hours to make it worth my while. It's not something I do very often but I'm beginning to see it as a good way to max out my billable hours.

    I was wondering how consulting works with retainers etc. How can I structure my consulting services price wise? Do you give people "packages" to buy or just bill by the hour and give them an idea what the cost will be? Pre-pay or post-pay?
     
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  6. Cnotey

    Cnotey Power Member

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    You can cover yourself by writing a small terms and conditions and just have the client approve it before they go through the pre-approval process.

    As for me, all of my liability should be covered in the preapproval agreement page. I basically say that my company has nothing to do with it except provide the software, and that the consultant is the sole service provider.
     
  7. facebookdude

    facebookdude Elite Member

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    I think the main thing everyone needs to know is how to actually get the clients to a point where they would pay money to hear you speak.
     
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  8. Cnotey

    Cnotey Power Member

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    On my bigger contracts, I typically set a minimum cost retainer. Usually something like $40k. This buys them however many hours at my billable rate. I always make them give 25% down to cover my risk, and then the rest is billed upon services rendered.

    For my smaller jobs, I always use my software to bill per minute, as most of them I will talk to them a few times a month for a few hours.
     
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  9. 247hustle

    247hustle BANNED BANNED

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    i just thought i throw something in too :)
    I'm a part time consultant too. i typically offer them whole training days at 1200€ per day. i prefer pre-pay, in some cases i also offer them post pay.

     
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  10. Cnotey

    Cnotey Power Member

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    Getting clients is up to you. I'm sure you can think of something. Most of my clients find me through my website. This is why I found SEO to begin with. I wanted to get more clients. Internet marketing and getting new clients for consulting works exactly the same way.

    Also, depending on what you are doing you may need qualifications. Such as lawyers, doctors, etc. But for web design, no you wouldn't require anything.
     
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  11. tejsin

    tejsin Power Member

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    you know what I think, I think this is a very good share and good to learn from! Thank you! :D I am having the idea to hire the best talents I can find, build a website, get some leads and offer consultations. Thanks and rep awarded! :D
     
  12. tejsin

    tejsin Power Member

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    hey, I just tried this. It seems the serial does not work for me. "You enter wrong api key, please retrieve your api key from our portal"

    can you help me with that, as I am pretty sure I did it right.

    Also, can you make the software to be activated not with an api key if I decide to sell it? Thank you!
     
  13. NoobGuru

    NoobGuru BANNED BANNED

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    This is a great share,thank you. One day in the distant future I want to dab into becoming a a consultant in SEO once I have built an established portfolio. Ive read some people can be even paid up to a 1000 an hour depending on the level of demand for their expertise.
     
  14. Walmert

    Walmert Newbie

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    Make sure you copied it from the beginning of the first letter, sometimes without realizing it you copy a space before the letter that doesn't appear when you paste it.

    It will work.
     
  15. tejsin

    tejsin Power Member

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    well, I did what you said and even registered twice and tried it with different serials and it did not work. May you publish a serial here please? :) thanks
     
  16. Cnotey

    Cnotey Power Member

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    tejsin,

    Add me on skype and we will see if we can sort you through this.

    Also, if you wanted to sell the software, just send them to the link when they pay you. It has to go through the serial process because registration works with adaptive payments to make the preapproval process possible.

    My skype is: Cnotey
     
  17. fattachelli

    fattachelli Registered Member

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    Out of curiosity(dunno if you'll answer this) what is your area of expertise that you deal with in consulting?
     
  18. StrictlyBiznez

    StrictlyBiznez Junior Member

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    Okay, so obtaining clients can be mainly done online? SEO isn't exactly my thing but I've got great knowledge of the music industry so I'm thinking of consulting within that niche. But that's where my problem lies, because I've read a lot on the music industry and consider myself to be knowledgeable however I'm 18 so I've got no work experience so I don't think clients will take me seriously. That's why I'm wondering if there's anything you did to boost your credentials at the beginning.

    And finally before you kick me in the face for being such a noob about this LOL, do you do skype webcam consultations? Another reason why I'd be slightly nervous because I'm only 18, so I'm wondering if this is a game for the older men among us :p
     
  19. carlikito

    carlikito Regular Member

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    Thanks for sharing buddy, this will come in handy.
    You can even give away a 30 minutes consultation and based on the value you give away, Im sure a prospect will have no problem paying for keep on talking with you.
     
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  20. Cnotey

    Cnotey Power Member

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    Exactly. I almost always offer this to my clients to start.