About how much should an organization be willing to pay for a guest speaker?
About how much should an organization be willing to pay to have a consultant/speaker talk to a group of their employees (~25 people)? Or does anyone know of online resources where I can find the answer to this question? The types of consultants/speakers I'm thinking of are Myers Briggs discussion leaders or someone who would give a presentation on nutrition, etc. How much for a single 1-hour session versus a series of weekly talks over 2 months? What other factors should I consider?
First of all if the Guest Speaker accepts the invitation than he/she has to spend some times to prepare his speed according to the theme of the conference or meeting. He/She at-least need a day or two to prepare those notes to speak at-least 45-60 minutes minimum. Also he has to travel all the way from his/her place to the venue (it depends how far it is, still he/she has to travel). He speaks and greets people and then he/she has to drive home.
Time it out, We offer him/her a hundred dollars and that works out to ten bucks an hour - a little more than minimum wage. He/she has to pay all of the taxes on that, so now he/she is taking home between fifty and sixty dollars. Is that what we think Guest Speakers are worth whom we invite to salutation the audience?
So let’s suppose that about 25 people are there in audience and if we count $20 each for 60 minutes for that valuable speech, than the Guest Speaker deserves at-least $500 approx. for all the work he/she does.
Its depends on following parameter base algorithm:
please visit web of motivational speaker e.g steven covey, chopra, ...
In your question I am not clear if you are the speaker who is trying to decide what to charge for your services or you are an organization who would like to establish a program of having educational sessions for your staff members for personal development. From a company point of you, the hiring company would evaluate the benefits of bringing a presentation to their team. The cost of the presentation can and should be relative to the content of the program and the results that it can bring or if you'd prefer the return on investment that the company can get from hiring the professionals to conduct the speaking and training. If I were a company owner and someone had a training program with a track record of quadrupling sales in my industry I would pay more for that training than if I wanted to fill a lunch hour with an educational talk about how to make better choices for lunch. There are speakers who are paid employees of various agencies who provide complimentary presentations on their topic and are paid as part of their job.For health related presentations you might want to get information from your local county health department or hospital.Check with government agencies who might be able to talk to you about the staff members who make presentations. There are speakers who charge a per-student fee to license their sales training programs for example to companies. This could be hundreds to thousands of dollars per employee being trained. There are speakers who speak on the same subject and one might be newer at this, the other might be a globally known speaker and author. Each company you speak to might have a different philosophy on how they want to spend their training dollars. Remeber if you charge $10 per person on an event with 25 participants, you'll collect $250. To earn $2500 you'd have to charge $100 per participating employee. If you're charging $10 per participant and there's 1,000 attending the presentation will bring you $10,000 as the speaker. If you are the speaker you have to determine what it will cost you to do the job as a speaker. If you have to travel from Florida to California to do the training and ship the course workbooks, stay in a hotel to be able to teach the first thing in the morning, rent a car, and eat while you're there and at the airport on the way home, the rate you'd need to charge to make this a job you could accept will be much different. For many speakers there will be course materials including books which can be sold to generate more money. This question has me asking you more questions so that I can even begin to know how to answer it. If you are the speaker a good question would be about the budget available for your type of presentation. Ask the company what they'd be interested in doing- Ask them how long you'd have to speak and how many times you would be making a presentation.In retrospect, small businesses with a local focus and small budgets are probably not going to pay thousands for a seminar unless they know the return is most probably a multiplier more for their returns than the cost of the training. My guess would be that the small company would want to pay hundreds of dollars, not thousands for educational programs. Your larger national or international companies may be thrilled to have unique specialty trainers for their staff member and it would not be uncommon for a per student fee for professional development to be $100-$2,000 per student or more depending on the subject being taught. If you look at the public seminar rate for a subject and find it's $100 per student in a setting where the student has to travel to the training and you are offering to bring the training to the company for the same cost per student, you might have a validating point and you may get paid this if the number is workable with their budget and the pricing is deeming fair reasonable, and affordable. Your question made me think and I answered you as if you were in front of me and had posed this question. Some of the respondents here speak about people and what they charge per hour. You can look at the website which features consultants around the world and look at their rates. This site is known as Maven. Each consultant has different rates and different background and experience. When I see the words of some of the other respondents to this question they say that most consultants make certain rates and I woud disagree with the word "most." Another avenue to explore would be an introductory seminar rate and a rate for ongoing classes. There may be speakers who will do the first presentation of a series for a rate that would be an incentive to the company which would be increased after the first introductory session to determine if the speaker should be contracted for a longer program with additional responsibilities.
Questions to answer:
1. What is it that you are trying to accomplish with these presentations?
2. How will your organization benefit from these talks? (and what is that worth?)
3. Is this an interactive environment or a sit and listen event?
A great facilitator or speaker would ask you these questions before quoting you a price in order to be sure to align the presentation with your goals and have a way of measuring results.
If you're just looking to blow a budget on edutainment I would guess $400.00/hour + travel expenses (if you're bringing them in from outside your city). Usually facilitated environments require 2 hours of pre and post work for every hour in front of the room and would charge in the ballpark of $1600.00 for a half day rate.
A motivational speaker may do it for free if they can sell a book or program to the audience.
I usually find when a person is asking for a price it is because they haven't had an opportunity to speak with a professional who can ask that person the questions to uncover what you don't know that you don't know. Would that be the case here, Lindsay?
Making decisions based solely on market pricing usually leads to mediocre results in my experience. This is not because expensive is better but more because someone who truly understands their value is less likely to sell themselves short;-)
Hope this helps...and feel free to reach out with more questions.
In addition to what a fee would be for a speaker who just speaks and leaves, consider whether this is actually a marketing opportunity for them. If so, the fee should come way down - in fact, there might not be one. If they derive basically nothing from the event other than the money, then you'll be paying them for their time and expenses, with opportunity costs factored in. Consider other sources, too: in the case of the nutritionist, your community hospital probably offers up some sort of outreach program to do just this.
It depends on the speaker who they are if they are just a professional speaker. A serious speaker will want about $5,000 + travel, and if they have to get hotel and car rental you need to factor that in. That is the low price it will go up from there., I myself do management development training and use a program I developed call Emotions, Moods, Personalities & Values in the Work Place. I charge $10,000 a day for a three day training course and generally at the end of the course I get tipped, because companies are so satisfied with the information they received and learned. They could not believe some of the things that had an effect a persons work performance. If you get a celebrity speaker you may pay around $40,000 per hours for them to speak.
For a group of 25 people I would recommend you find someone willing to speak/ present for free. There are plenty of successful, and accomplished people within a community or industry who would be willing to 'give back' if they understood the purpose. If the purpose is consultative you can hire someone for $1k/ day. If travel is involved certainly paying expenses is reasonable.
Don't get me wrong, there are plenty of expensive alternatives. But amortizing the cost across 25 people makes it difficult to rationalize. If you had 100, or 500 people )large company gathering) than spending $10-25k is defendable.
Go to the National Speakers Association Web site. Look up the topic you want to hear about and review the speakers available to do the job. These are professionals that must meet criteria of having done paid presentations just to be members. Most of them post price ranges for your convenience. Check to see if there is a local chapter in your town and again review the possible candidates.
If you are looking for someone to do leadership or management training (your Myers -Briggs reference) you may want to also access the Institute of Management Consultants website. Again, look for a local chapter.
Some experts will speak for no fee, locally. BUT, you get what you pay for. I know folks that are not famous that get anywhere from $500 to $15,000 for an hour. Those that provide multiple presentations over a period of time are usually doing so as part of a coaching or training approach linked to consulting objectives that has a fee linked to the engagement.
In either case, share your objectives with one or more of the professionals and ask them for a fee schedule.
Rates vary widely, including many experts who will do it for free if they believe in your mission and/or if they think they will benefit from the exposure, If the speaker is a practicing nutritionist, for example, and you select him to lead a discussion or presentation, your group is in essence endorsing this person as an industry leader, In addition, he/she most likely will gain a few new clients,
Of course, if someone is a professional speaker, and not doing it primarily to get client leads, they should be properly compensated based on their experience and name recognition.
Keep in perspective that a "speaker" is often different than a workshop leader. Think of all the classes that you have taken where the teacher / speaker is completely unremembered. There are some great speakers out there who speak. But is what they discuss going to generate any change in behavior or results? Get the purpose of that presentation anchored down enough to have specific desired outcomes and be sure that the presenter can impact them.
I think that the numbers shared within this discussion are all pretty good ones.
It continues to amaze me that some businesses hire basketball coaches or former government people for $30,000+ speeches that have NO impact on anything. Guess there is some value in there somewhere...Speakers Bureaus add a solid commission to the costs.
Define what you want to happen as a result and then sort your prospects on their ability to deliver. Prices will be from $300 to $10,000 in my eperience. Some also insist on first class travel accommodations.
Consultants prices for nutritionist seminars can start at $150 and go up to $300 for an hour session. Finding a local trainer will ensure that you don't have to cover travel expenses, which can add substantially to the fee. Also, in today's tech savvy age, you can also consider hiring an expert who can live stream a seminar. Give consideration to the speakers level of experience and pricing. If the price sounds too good to be true then you may be inadvertently sacrificing the quality of the presentation. If the price above $300 you're probably paying for a lot of overhead costs the company incurs to provide services. I would recommend finding a company or fee lance consultant that can keep their price between $150 to $300. I would also recommend avoiding work with individuals who charge too much or not enough. I hope this helps!
I would echo @Daniel and @Robert. An organization I worked with a bit over a year ago put on an internal event and brought in an awesome speaker. The rate for a 1.5 hour actual speaking time, including prep that he did, was $35,000. Plus travel. VERY high-end and in-demand speakers can easily top 100K.
By the same token, a number of years ago I did an event and brought in a speaker for 3000.
So, yeah, it REALLY depends.
This is a pretty open-ended question with lots of different answers. As you may know there are a multitude of consultant/speakers on every topic imaginable. Your best bet is to Google speakers on your specific topics. I'm sure you will get a long list hopefully with web sites that you can check out. An alternative is to contact local colleges/universities who typically have a speakers bureau of Professors. Lastly, you can advertise in local papers and see who answers.
There is no set compensation for a speaker for the program you are suggesting. There is a variation in the amount speakers charge. You might find one at $500 and another at $10,000+. As a professional member of the National Speakers Association we cant talk fees unless we are talking about a specific meeting for which you are contemplating hiring me for.
There are many speaker bureaus out there. They charge a premium as they take a percentage. There is also http://www.nsaspeaker.org (National Speakers Association) which is a good source. There are many more.
I would suggest you would pay for someone with credibility and experience for one hour about $4,000 - $5,000 plus travel and related expenses. The $4,000 should include conversations with you and others about the presentation and ensuring it is adjusted to your specific needs and a custom presentation. If they wrote a book you might get them to do it for less if you purchased a book for each participant.
If they charge you per participant you don't want to speak with them that is not the industry norm.
I would suggest that if you are using a consultant to conduct the Myers Briggs or some other type of activity that they should do it for their usual half day rate just as good will for you. If they are not working for you and you will use them in the very near future, within the month or two, they might only charge expenses if they are not local. Considering your location you have an untold number of local potential speakers all of whom could help and add value but buyer beware. Always ask for a list of about four or five engagements they have had for a similar experience and contact two or three without saying who you will contact. Getting the wrong person could cause you some issues. But as for price I would say max out at $4,000 and considering your location I would think you can avoid any travel expenses.
Whatever you can afford. If you do cheap, you will get cheap.
An excellent resource for speaker-related topics is the free zine SpeakerNetNews. You'll also gain access to a huge number of professional speakers in a variety of fields, since that's the core of their subscriber base. You can subscribe and find back issues, as well as compilations on many speaking focused topics, here: http://www.speakernetnews.com
Hope this is useful. fyi, I am not affiliated with SNN in any way; just a longtime subscriber.
How much would you have paid as salary if you were to recruit the person ...Divide the salary by number of working hours in a month and give a multiplier of 3 -4 times.. I.e if the salary were to be 6000$ for 160 hours in a month , then avg hour charges is 37.5$ .. Multiply by 4 is 150$
When hiring a speaker there are a number of factors you need to consider besides the hour they are speaking. Although it’s an hour of speaking don't be surprised if your priced at half or a full day especially if travel is involved. A seasoned speaker will have these factored into their rate. Materials maybe an optional additional cost - usually at a cost per attendee. Travel expenses may be also be additional or built into as a flat rate - but it will vary based on distance.
The intangibles that may lead to additional cost are the "expert" factors. For example, is the speaker published within the field, are they a professor or scholar on the subject, are they considered a domain expert, or are they a public figure? These are examples where the rate may be higher - basically because they are doing this instead of something they normally do at a similar rate. It’s economic utility. However, s speaker's “credentials” need to be valued by the audience to be of any value.
Finally, audience size and expected interaction can also be a price factor. Interestingly, large audiences attract a higher rate as do small groups requiring individual interaction with the speaker.
So back to your question - there is no single resource I'm aware of. However, I would do a peer assessment of pricing to see what an expect price would be for some one of a similar "expert" level.
Lindsay ...The cost is highly dependent on how they charge (day rate or per person rate). I can't see anything less than $100 per person — or $1500 day rate — and could be as much as $5000 for the group plus travel expenses.