A common formula that consultants use to determine their hourly rates is to add up their labor cost (typically an amount based on what your salary would be as a full-time employee in your field) along with overhead expenses, such as office equipment, accounting fees, marketing and health insurance, and then add up the profits. According to the study, 23.38% of consultants are paid by the hour. The postHow does a consultant get paid? appeared first onSMB Place.