Help Center

How Can Consultants Set the Right Prices for Their Consultations?

At iknowly, consultants have full control over their pricing. Setting the right price is crucial to attracting clients while ensuring your expertise is properly valued. Here's how you can set and manage your consultation fees effectively:

1. Setting Your Prices

• During the Application Process:
  • When applying to become a consultant, you will be asked to set your initial consultation rates.
• After Approval:
  • You can update or adjust your pricing at any time by navigating to:
    • My iknowly Tab → Profile → Price.

iKnowly does not influence consultant pricing; each consultant determines their own rates based on expertise, experience, and market demand.

2. Available Consultation Options

Consultants can set their prices for the following session types:

✅ 15-Minute Trial Session

• Can be free or paid, depending on the consultant's preference.
• Allows potential clients to experience your expertise before booking a full session.

✅ 30-Minute Session

• Suitable for focused discussions, quick problem-solving, or strategy sessions.

✅ 60-Minute Session

• Ideal for in-depth consultations, coaching, or comprehensive advisory services.

Consultants must define their pricing separately for each session length in the Price section.

3. Factors to Consider When Setting Your Prices

When determining your rates, consider the following:

Your Experience & Expertise

• Experienced professionals with certifications or a strong industry reputation can charge premium rates.
• If you are new to consulting, consider competitive pricing and adjust over time.

Market Demand & Industry Standards

• Research similar professionals in your field to understand standard pricing.
• High-demand industries (e.g., tech, finance, legal) often support premium pricing.

Value Delivered to Clients

• Define what is included in the session (e.g., follow-up materials, reports, actionable insights).
• Sessions with personalized advice or additional resources can justify higher fees.

Competitive Pricing Strategy

• If you are new, starting with a slightly lower price can help attract clients.
• Over time, adjust your pricing based on demand, client feedback, and industry trends.

4. Adjusting Your Prices Over Time

• You can update your rates anytime in My iknowly Tab → Profile → Price.
• Regularly review your rates based on:
  • Client feedback and demand.
  • Market trends and competitor pricing.
  • Your growing experience and expertise.

By strategically setting your consultation fees, you can maximize your earnings while ensuring your services remain accessible to your target audience.

If you need further guidance, feel free to contact support@iknowly.com.