Client Resources
Budgeting for Success: A Step-by-Step Guide to Estimating Project and Consultant Costs on Flexing It
Written by: Flexing It
27/09/2023
5 minutes read
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Successful consulting projects often hinge on precise planning and budgeting. Strategic budgeting for a freelance project is the key to attracting top-tier freelance talent and ensuring your goals are met. Flexing It offers end-to-end support that streamlines this process with customized tools.
In this guide, we'll walk you through the steps to estimate project budget and consultant costs on Flexing It, and setting up a process to hire the best talent on our platform.
Understanding Your Project Needs
Before you post a project on our platform, please define your project's scope, whether it's a short-term or a long-term strategic initiative. The more specific and well-defined you are with the Project Description with the Skills Required details, the easier it becomes to budget accurately.
Case 1: You already have a defined budget
In the project posting section, share your budget (Total budget or hourly, daily and monthly) and currency to enable us to match you with the most suitable consultants from our talent pool.
Once your project is approved and live, we will match you with the best consultants who can work within your budget.
Case 2: You don’t have a budget defined.
When you need more personalized assistance with budgeting, Flexing It offers an invaluable, completely FREE-to-use tool called FeeBee. This community-driven tool leverages data from experienced consultants to estimate project costs accurately. Let's take a look at how it works:
Using Fee Bee for Project Fee Assessment
Step 1 - Go to: https://www.flexingit.com/feebee/
Step 2 - Click on Price your projects to explore the tool.
Step 3: Fill in all the fields, and our tool, with over 600,000 fee benchmarks, will swiftly provide you with an estimated range for the consultant required for your project.
Alternatively, you can access FeeBee during project posting.
Simply click on "Need help budgeting your project?"
You will be guided to the FeeBee tool.
Case 3 - Seeking Additional Help From Our Account Managers
Sometimes, your project is complex, and you may require more help in budget estimation. In this case, click the Share Your Requirement button (located on the top right). This initiates a direct conversation with our Account Managers, who can provide tailored support.
Ensuring Financial Compliance and Transparency
Flexing It places a strong emphasis on financial compliance and transparency. When you hire a consultant through our platform, you can be confident that contracting and payments are handled with strict adherence to financial regulations. We provide analytical and reporting tools that enhance resource visibility throughout your project.
Budgeting is pivotal to project success, particularly its ability to draw in the most exceptional consultants. Flexing It empowers you with the tools and support you need to estimate project and consultant costs accurately.
Ready to post your project? Dive into Flexing It's platform to post your projects and tap into our global network of top-tier consultants. Your pathway to project success begins right here!
Post a project
Please get in touch with us at info@flexingit.com for any additional assistance or questions you may have along the way. We look forward to partnering with you on your next successful project!
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