What is microconsulting and how much does it pay?

Okay, you’re probably wondering what micro consulting is, right? Well, micro consulting is a lot like regular consulting, but it comes in short bursts. That is to say, there is normally not a lot of money changing hands, and there are not big reports, research projects and work involved. Rather, someone who is deeply rooted in a certain industry makes themselves available for questions. And entrepreneurs, corporate executives, and startups can email or text them, or maybe even call them on the phone with questions.

The microconsultant will answer these questions for a nominal fee and provide insights to the person making the query. If you consider Yahoo Answers and the kinds of questions people ask on the computer, you might be able to understand why business people need a “guy or girl” in the industry who can answer important questions right away. Sometimes entrepreneurs need the answer right away, but can’t find it online because top professionals in the industry don’t necessarily post that kind of information, and it’s often not common knowledge.

However, if you, as a micro-consultant, make a deal with them for a nominal fee to be on call, so to speak, to answer simple, basic questions, more than likely they will pay you for your services. I’ve done a little bit of micro-consulting, and the way I do it is; I have someone put $100 on my Starbucks card, or maybe pay me $250-$500 in PayPal, and make myself available if they have questions in the industry. Sometimes people never ask me questions, other times months can go by between questions. Sometimes my answers lead to more questions, which is fine too.

Instead of trying to make a lot of money with one or two consulting clients, this way you can have 50 to 100 clients and go about your daily life, and travel a bit, as long as you’re near a computer. or access the Internet and communicate with them within 24 hours or so, everyone is happy. Best of all, your clients won’t give up, they’ll just use their allotted time, and when one of you feels like you deserve more, just mention it.

You’d be surprised how well microconsulting works and how easy it is to do, if you’re an expert in your industry. Because if you are one of the best in your industry, you will always be needed, as other business people in the industry need someone to share ideas with and ask questions. In fact, I hope you will please consider all of this and think about it.