How PriceWisely Calculates your Personalized Rate

Ever wonder if you're charging what you're worth? We've all been there – staring at a blank proposal, wondering if our rate is too high (spoiler: it's probably too low). That's why we built PriceWisely's Rate Calculator, and here's how it works its magic.

Your Rate, Backed by Real Data

At the heart of PriceWisely is a growing database of hundreds of real consulting projects. These aren't made-up numbers or industry surveys from five years ago – they're actual projects from consultants like you who've shared their experiences to help the community. Every time someone submits their project details, our system gets a little smarter. We use smart pattern matching (think of it as AI that's learned from all these real projects) to find consultants who've worked on similar engagements. When you tell us about your project – the client size, type of work, and complexity – we search for the closest matches and analyze what those consultants successfully charged.

Two Paths, One Goal: Your True Worth

For Current Consultants: Already have a few projects under your belt? Perfect. Share details about your most recent engagement, and we'll use that as your baseline. Our system looks at your proven rate history and compares it with similar consultants in the market. If you've been charging $150/hour for strategy work with mid-size companies, we'll show you what others with your profile are charging for similar work. Often, it's more than you think!

For First-Time Consultants: New to the consulting game? No problem. Instead of prior projects, we ask about your recent employment – your role, salary, and experience. Our calculator then applies proven multipliers based on successful consultants who made similar transitions. That director-level salary translates to serious consulting value, and we'll show you exactly what that looks like in hourly, weekly, or project rates.

The Personal Touch

Here's where it gets interesting. We don't just throw market averages at you. The calculator considers: - Your specific expertise and industry background - The exact type of work you're proposing - Your client's size and typical budgets - Regional variations when relevant - Your years of experience All these factors blend together through our algorithm to create a rate recommendation that's uniquely yours – complete with a confidence score so you know how solid the data is behind it.

Why Sharing Helps Everyone (Including You)

Remember that growing database we mentioned? It only works because consultants like you share their wins. When you complete a project, come back and tell us what happened. Did you get the rate we suggested? Go higher? What worked? This isn't just altruism. Every update makes your future recommendations more accurate. The system learns your negotiation style, your client types, and your success patterns. Next time you need a rate, it'll be even more dialed in to your specific situation.

Ready to Know Your Worth?

Stop guessing. Stop undercharging. Join thousands of consultants who've discovered they're worth more than they thought. Our calculator takes under 5 minutes, and you'll walk away with clear, data-backed rate recommendations you can confidently put in your next proposal. Because in consulting, knowing your worth isn't just good business – it's essential.