Re: Consulting Rates?

For all the excellent insights that were provided for this question, I 
have a question relating to the hourly rates. SolarCat's area of 
specialization was in marketing.  Since I would like to do my own 
consulting work, which happens to be in Information Technology area, 
would the rule of thumb (ex - 2.5 x hourly rate or yearly salary/100) 
formula apply for this area of speciality?  IT is kind of flooded with 
talent.  From what I hear employers are pointing at other coutries for 
cheaper labor.  In such environment, is there any other alternative to do 
the pricing or stick to the formula provided in this thread?

Thank you in advance for any advice.

SR

SolarCat <[EMAIL PROTECTED]> wrote in 
news:[EMAIL PROTECTED]:

> 
> After applying and interviewing for a Marketing Director position at a
> small high-tech company, I was told they've decided not to fund a
> full-time position now but may wish me to work with them as a
> consultant on specific projects. I'm open to such an arrangement, but
> having never consulted in this field I'd like some feedback on what
> rates might be considered standard and/or reasonable under the
> circumstances.
> 
> For the sake of argument, let's say that the full-time position would
> have paid $80,000. That would be $40/hour based on a standard working
> year. Add the benefits that a self employed person must provide for
> him/herself plus the other costs of part-time self employment, and it
> seems to me that twice that, $80/hour, could easily be justified. On
> the other hand, I know that the company views this in part as a kind
> of internship in their industry, with which I am not familiar. And
> they're trying to save money with the consulting arrangement. I
> suppose another potential complication might be the idea of
> per-project fees rather than hourly.
> 
> Add this all up and I'm uncertain what to ask for or agree to. Any
> thoughts would be appreciated. Thanks.