admin on Episode #98-The 4 hour minimum

Fri, 02 Apr 2010 13:33:28 +0000

Price structures are always tricky to come up with and they seem to change depending on the weather, the client and the mood of the investigtor. I don't agree with it, but I've done it myself. For sure, you'll need to understand what your operating costs are and make sure you cover those in any fee structure. You might want to call around or ask other investigators what their rate structure is like and stick to something close. Don't try and undercut the market, that never works. It is fair however to price according to your costs. For example, I don't have the marketing budget that the big nationals have, so I can charge less, because my overhead is less. I don't want to charge too little, so maybe I keep it near the bottom of the "average" because I can. It depends on the market you are in as well. Insurance companies pretty much set the prices that they are willing to pay you, so there's not much you can do there. Criminal defense is different.

bjt223 on Episode #98-The 4 hour minimum

Tue, 16 Feb 2010 12:59:21 +0000

Scott,

You discussed the issues with the 4 hour minimum in episode 98. I am starting a new firm and would like to avoid these simple mistakes with a good billing structure. What would be a good resource to assist in developing a billing structure that would be pretty comprehensive from the beginning? Or, is this something that is just developed over time.

Thanks for your help

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admin on Episode #98-The 4 hour minimum

bjt223 on Episode #98-The 4 hour minimum