GLG Review – Should You Consult for the World’s Largest Expert Network?

Have you received an invitation to consult with expert network GLG? Learn what to expect if you work with the world’s largest expert network, how to set your consulting rate, and land a steady stream short, high-paying projects in our GLG review.

What is GLG?

If you’ve received a paid expertise request from an expert network like GLG, you may have been skeptical. These invites offer to pay hundreds of dollars an hour to share your insights during a one hour phone with GLG’s clients. It may sound too good to be true, but expert networks are a thriving industry and provide lucrative payouts if you’ve got in-demand industry insights to give.  Your invitation to become a GLG network member can be your ticket convenient, high-paying consulting opportunities!

GLG (rebranded from Gerson Lehrman Group) and other expert networks profit by capitalizing on your subject matter expertise. They are well-compensated middlemen, connecting organizations with consultants within their in-house “community,” aka “expert network.” Why do companies hire consultants? Because a single critical decision can cost companies millions of dollars, so paying a few thousand in consulting fees is peanuts in comparison. 

Gerson Lehrman Group Offices
GLG has helped build a massive industry for buying and selling expertise.

Expert networks like GLG make perfect sense, which is why the industry now has almost 200 similar networks, raking in $1.5 billion in annual revenue. These networks are the bridge between experts and companies who need them. Investors and management consultants need straight talk from people in the trenches who can offer insights before they make an investment or a decision about a strategic direction to take. GLG’s clients need the “real story” from inside experts like you! 

In return, GLG tacks on a sizable markup (the company reports sky-high 70% contribution margins). For instance, the expert’s consulting rate might be $200 per hour, but GLG often charges its clients $1,000+ per hour for facilitating calls with industry experts who can deliver the straight scoop minutes after a phone call commences. Thus, we see the rationale behind those LinkedIn invites offering to pay you hundreds of dollars for an hour of your time.  While at first these opportunities may sound too good to be true, for professionals who qualify such projects are real and accessible, with expert networks like GLG facilitating over 1 million high paying consulting calls each year.

Click here to register as a GLG Council Member and start receiving project opportunities.

What should you expect on a GLG consulting call?

GLG calls itself ‘The World’s Insight Network’ and its numerous clients pay over $1,000 per hour to glean insights from experts like you.

So what does an expert do during a one-hour client call for an expert network project? Essentially, one of three things. They may offer a company deep dive, an industry overview, or a consultation with other consultants (we explore these “knowledge bomb” conversations in more depth in our Ultimate Expert Network Guide)!

A deep dive may be requested from someone outside of a company, like an investor wanting to learn more before deciding what position to take. Such calls dive into hard numbers, insights about management, opinions on what customers like or dislike about a product or service, and other data that can’t be found on reports. 

The industry overview is broader. Often, a company speaks with several consultants to form a big picture about an industry, its customers, and its future. They might even ask what questions they should be asking!

The third type of call comes from consulting firms looking to improve offerings to their clients. They are offering expert services to a company but need to “phone a friend” when a new product is launched, or something isn’t going according to plan. Of course, anything they learn from you will appear to be coming from them when they pass it on! 

The key benefit to the expert network system is clear—once a consulting call is finished and you hang up the phone, it’s over. They got something they needed, and your obligation is concluded. Then you get paid! It doesn’t get much easier than that.  

Do I qualify as a subject matter expert? 

After learning that expert networks are legitimate, many struggle to believe they’d have knowledge worth someone else’s money. It’s the biggest question we ask ourselves: “Why would someone pay so much just to talk to me?” Many experts report experiencing a brief period of self-doubt or a sense of “imposter syndrome,” but that fades quickly. When a new consultant starts hearing positive feedback from customers who benefited from the consult, that’s when they appreciate what they can bring to the table. 

But how do you know if you qualify? Look again at the main types of calls—the company deep dive, industry overview, and consultation. Have you ever worked for a big company? Or within a particular industry for a long time? Have you ever trained or mentored another worker? If the answer is yes, you’re probably well-qualified to share your insights as a GLG consultant!

Remember, most clients are parachuting in to a brand new area to them and are eager to quickly learn how things really work. Oftentimes, banal decisions that you’ve been making for years are what that they’re excited to learn about – things like how you allocate budget, what goes in to pricing decisions, or which products do you expect to spend or less on are valuable insights to them. A good rule of thumb if there’s a topic that you could give a 30 minute prevention on, then you are probably qualified to consult on that area for GLG.  

How do I set my GLG consulting rate?

GLG consulting rate

Networks pay a lot, but you don’t want to overvalue or undervalue your services! People in the early years of their careers may charge $75 – $150/hour with GLG, while senior professionals typically earn $200 – $300 an hour. Prominent experts are rumored to ask $5,000 per hour, though it’s unknown how often they get booked at that rate.

Worth noting — GLG pays by the minute, so your hourly rate is only a baseline; you’ll only get half of your hourly fee on a 30 minute call, but the meter keeps ticking if you exceed one hour. Meanwhile, they pay out like clockwork, usually 1 – 2 weeks after the call is completed. Keep in mind, the value of your insights depends on what they’re worth to the companies requesting them. Consider the salary for a professional football player. If a player puts butts in seats, they add massive value to the franchise, and can ask for astronomical salaries. They aren’t just getting paid for the work, but for the value they add. 

Deciding on a rate that maximizes earnings without scaring off potential customers is like walking a tightrope. That’s why we’ve written a full guide on how to price your consulting services, covering details of variable and category pricing models commonly used by expert networks like GLG. The more you understand how they earn, the better you can adjust accordingly. 

What are the downsides to GLG consulting?  

Consulting for GLG isn’t all sunshine and rainbows. It can be competitive as increasing numbers of qualified candidates enter the arena. Every network has its own internal rules, but if you position yourself well, GLG may send you a handful of project invites each week. You’ll likely only be selected for a quarter or third of them. Responding to invites taks 5 – 10 minutes and yes, it can be frustrating to receive more “no thanks” replies than “yes, please!” For those just getting started, it can seem demotivational.

Let’s take a look at what workers in the field have said about GLG, in terms of pros and cons…

GLG consulting reviews and feedback

As the 800 pound gorilla of the expert network industry, GLG receives plenty of public feedback, listed on Indeed, Glassdoor, and even Quora. One of the top complaints about GLG is that work is sporadic, as these GLG reviews on Indeed show: 

Consultation business. Work is infrequent but lucrative.

“Consult for top tier companies. Mergers and acquisitions, general consulting and special projects. Work is infrequent but can be lucrative if available in your specialized area.”

Here’s another one: 

Great company, occasionally get interest from clients. Very part term

“From time to time, someone needs specialized help that I’m qualified to help with, probably only about 5 hours a quarter. However, I’m compensated extremely well for this time. It’s very low pressure when deciding whether to take a project or not.”

A thorough review of GLG on Quora points out a few of the pros and cons, such as this quote: 

“GLG associates are notorious for aggressively negotiating down rates, despite charging clients some of the highest prices in the industry.”

They are hard negotiators on fees and pay less than many other networks. They charge clients a fixed price (often $1,000 for an hour-long call), so the less they pay you, the more they keep. Alas, you still get to keep a lot! 

As mentioned, perhaps the biggest downside to GLG is the process of getting picked up for projects. You’ll have to spend time reviewing and bidding. So how can you boost your odds of getting hired? 

How can I win more GLG consulting projects?

GLG consulting projects
Sharpen up your profile with GLG and other expert networks and project opportunities will come pouring in!

Despite recent crowding of the field, there are strategic steps you can take to increase your odds of winning more projects. The first relates to being discoverable, so take time to research keywords you want to be found under, then create a keyword-dense profile. 

One of the most intuitive ways to get more work is to be the first person out of the gate, so keep your eyes peeled for opportunities and respond quickly. Being the first person to reply isn’t always going to land you the gig, but it always makes you stand out. 

Establish trust quickly by being honest and objective. First impressions count! The worst thing you can do is oversell your experience or abilities. Only apply to projects you are qualified to tackle and be candid when asked questions. Never deliver a promise you cannot keep, or you’ll tank your reputation quickly. 

That said, you still have to sell yourself, so be descriptive in all your answers. Provide sufficient detail about things you’ve done related to the project, and include hard data, financial figures, and impact. Show how you added value in previous work situations and demonstrate how you might add value to your potential new client. Convince them that you’re worth the return on investment! 

Overview of GLG

Gerson Lehrman Group (GLG) was founded in New York in 1998, originally focused on writing “sector-specific reports for investors.” Within a year, their core trio of Mark Gerson, Thomas Lehrman, and editor Alexander Saint-Amand realized the power of one-on-one consulting, which could often have a deeper impact than a cold, formal report. By 2003, they’d expanded operations to San Francisco, Boston, Los Angeles, and London, receiving a $30 million injection of investment capital to brand out into Chicago, Austin, and Washington D.C., as well. 

The expert network industry (or insight networks, as GLG is attempting to rebrand it) is booming, and as the dominant firm, GLG keeps getting bigger. In fact, GLG just announced plans for an IPO, revealing that it generated $322 million in revenue during the first half of 2021 – 14% year over year growth and eye-popping 70% contribution margins! Today GLG has a staff of over 2,000 employees serving 2,600 clients and more than 1,00,000 expert consultants from virtually all business backgrounds.

What types of consulting projects does GLG take on? 

GLG “serves clients on in-depth engagements and supports GLG’s client base of 1,400+ of the world’s leading corporations, investment firms, and nonprofits.” That client base consists of everything from financial services organizations to corporations and life sciences. GLG has opportunities for a wide range of specialized experts. For large projects, they may assemble a tailored team to work on objectives. In other cases, a simple 1:1 call between a client and an independent consultant (aka Council Member) may be all that’s needed. 

GLG’s independent consultants come from all walks of life, with varying experience and seniority levels. They offer projects for people at all levels, across most industries, and from around the world. According to their Why Become a Consultant page, 39% were already working for top consulting firms, and 33% are former execs. Most GLG consultants work remotely and may live anywhere in the world. Indeed, only 31% are based in North America, while 48% live in either South America, Europe, or Asia. 

Consulting Calls

GLG consulting invite
GLG recruiters frequently reach out to new consultants via LinkedIn

Organizations are willing to pay hourly rates to discuss their strategic and operational problems, get market feedback, and test out ideas. This comes with enormous benefits for you as the consultant! They need to hear your insights and possible solutions, so they’re coming to you. That means you get to schedule appointments when it is convenient for you, you don’t have to prepare anything, and there is no follow up. When you hang up, you’re done except for the getting paid part! 

Calls are usually quite interesting conversations that both parties end up learning something from, which is a bonus. Another less tangible perk is simply being considered and respected as a subject matter expert. That’s a status you worked long and hard to earn, so now is the time to reap the rewards. 

Things to be mindful of include the handling of sensitive information. Consultants are not allowed to divulge trade secrets or any information they are restricted from sharing. Everything discussed must be authorized for public dissemination and all parties on a GLG call must agree to know and follow all legal and ethical rules and restrictions (GLG was busted in 2008 for their involvement with an insider trading scandal, but they learned their lesson and enforce compliance strictly, which also protects you from being asked uncomfortable questions by clients). 

Other than that, there are few guidelines on how a call has to go. You’re the consultant, but the client sets the stage by telling you about their situations and asking questions. Your job is to listen and answer, for the length of the call. Not all calls are an hour long. In fact, technically, GLG pays you per minute, so if your call does stretch over an hour (which it often can if you keep the conversation going by adding additional insights), then you’re compensated for that extra time. 

Meanwhile, calls aren’t the only thing you can do with GLG…

GLG surveys and other projects 

GLG uses Council Members to fill out paid B2B surveys (which can take from 10 – 20 minutes for $40 – $75), attend events or small group meetings, or team up with others to tackle small, complex projects. Consultants are free to choose what they work on. Some only want to do calls; others are happy to do surveys, get out of the house to attend events, or collaborate with others. For those seeking a bit more work, GLG also offers their clients interim and longer-term placements. 

Is GLG a scam or are they legit? 

GLG is a legitimate, global enterprise with almost a million paid Council Member consultants. They thoroughly vet the consultants in their network to ensure their clients receive exceptional service in exchange for the high fees they’re shelling out. 

GLG is one of the oldest and certainly largest players in the expert network sector! They have physical offices in major cities worldwide, thousands of employees, and almost a million consultants on tap. You could be one of them!

How much should I charge, and how much can I earn at GLG? 

Benefits of working as a GLG consultant

GLG not only pays for 1:1 phone calls, surveys, and projects, but Council Members can professionally benefit from the exposure to so many business execs and fellow consultants, which is invaluable if you use it as a learning opportunity. Another benefit is access to GLG Insight’s library of high-quality research articles, which can help inform your work with clients as well as potentially your own full-time endeavors. Council Members occasionally get to contribute to these pieces, which can lend additional credibility to your profile (which, in turn, always helps justify a rate hike!).

Some firms provide varying forms of free published research as a perk to their consultants; it’s usually pretty high quality (and in some cases, you can publish your own for exposure.)  

One of GLG’s biggest selling points is its sheer size, because they have so many projects available. They operate in the Big Leagues of the expert network industry, scoping projects for companies both large and small. One of their bragging points is that they hand-select and recruit 200+ new experts a day. There aren’t many businesses that can say that. And because they’ve been around for so long, they’ve worked out most of the kinks and streamlined their process so it’s straightforward to find work on their trusted, compliance-oriented platform. 

If consulting with GLG sounds like the perfect solution to make some extra money on the side from the comfort of your own home (or from some tropical beach with a mojito in your hand), you’re right! 

Click here to register as a GLG Council Member and start receiving project opportunities.

Watch our GLG video review:

Mosaic Research Management Review

Have you been contacted by an Associate from Mosaic Research Management with a request to participate in a paid consulting opportunity? Earning a high hourly rate for simply speaking on the phone with a client can sound too good to be true – are you worried it may be a scam?  Learn if this is a legitimate opportunity, what to expect, where to set your hourly rate and more in our Mosaic Research Management review.

What is Mosaic Research Management?

Mosaic Research Management logo

Mosaic Research Management is an expert network, a firm that specializes in the custom sourcing of subject matter experts for short-term consulting engagements. Expert networks are a $1.5 billion industry that aids institutional investors in their market research. Expert network opportunities generally take the form of a 1-hour phone consultation between the subject matter expert and the client, typically investment managers or management consultants.  

Clients turn to expert networks like Mosaic to quickly perform first-hand research on products, companies or markets for the people who know them best, such as former employees, customers, vendors, competitors, or other key influencers.  Working with expert networks is a great way to capitalize on your industry experience, enabling you to earn hundreds of dollars per hour by participating in concise and convenient consulting calls with their clients.

Mosiac is a mid-sized, New York-based expert network that provides various services in addition to the subject matter expert recruitment that is the industry standard: data services, and an expert network vendor management & aggregation tool, similar to proSapient.  The firm specializes in healthcare, travel & airlines, retail & consumer, web & online analytics, and social engagement.

Mosaic was founded in 2010 by former employees of Vista Research, an early pioneer in the industry that was taken down by an insider trading scandal in 2007 and which was later absorbed by Guidepoint.

Mosaic had a business line called Stream that provided a library of recorded and transcribed interviews between experts and industry analysts. It sold that business, now known as Stream Research Group, to AlphaSense in 2021.

Consulting with Mosaic Research Management

Mosaic Research paid consulting opportunity via LinkedIn

If you’ve been contacted by an associate from Mosaic, then it’s likely that you are a mid- to senior-level industry professional with specific company, product, or industry experience that matches what a client is looking for on a project.  Oftentimes, a Mosaic recruiter will reach out to you with a brief message via LinkedIn, though they will occasionally introduce themselves via email or a phone call as well.

You’ll usually be invited to have a brief conversation with the associate, where they’ll introduce you to Mosaic and provide a very high level overview of the project.  While they will share the topic of the project with you, you won’t know the client’s name until you’ve been selected for the project.  If you’re interested and it sounds like you may be a potential fit, the associate will ask you a few short vetting questions to gauge your qualifications, and just as importantly, ensure that you are eligible to participate without triggering any compliance concerns.

Here’s a breakdown of the basic eligibility criteria for project participation:

  • You are at least 6 months and no more than 3 years out of a job where you were a senior manager (Director level or higher) at a company their client is trying to learn more about.
  • You currently (or formerly) work for a competitor of a company the client is looking to learn more about.
  • You are currently or were formerly a customer of a product or company the client is looking to learn more about.

The associate isn’t looking to learn about what you’ll share about the project’s topic, they want to make sure that you match with the client’s requirements.  If it seems like you may fit the bill, they will then ask you to set your Mosaic hourly rate (more on that in a moment!), provide your upcoming availability and create a profile.

Behind the scenes, the associate will present your profile, rate and screening question responses to the client.  If they client selects you for the project, they associate will usually send you a calendar invite for your client call.  Note that industrywide, it’s typical to only be selected for about one-third of the projects that you apply to.  So, even if you don’t get chosen for this project, participating in the initial vetting process registers your profile in their system and increases the likelihood you will be selected for future projects.

Mosaic Consulting Rates

Consulting rates for expert networks vary widely and are determined by a variety of factors, such as the seniority and how recent your relevant title is, how niche the industry is, and demand for your insight. In general, you can expect to be offered a Mosaic consulting rate of $100 – $200  per hour if you are a director level or below, $200 – $350 or above for director-level professional, and $500+ for senior executives and physicians. 

While these rates are pretty standard, you should know that you can renegotiate your rate if you find you are getting inundated by project participation requests. Many C-level executives with a history of successful calls command rates of $500. Some in-demand experts (think Fortune 500 executives, former government officials or specialized surgeons) charge as much as $1,000 – $1,500 a call, but you should know that it is not common and demanding a super high rate right away will likely mean your profile will never be sent to the client. 

It’s important to keep in mind that your Mosaic hourly rate will be pro-rated based on the amount of time that spend on the phone with the client, so it’s in your best interest to keep the conversation flowing freely. If the client is eager to learn more and asks you to extend the call by 10 or 15 minutes, you may easily earn an extra $50 or $100.  Conversely, calls that take less than an hour are pro-rated downwards.  Expert network calls typically last 45 minutes to an hour.

Acing Your Mosaic Consulting Call

Ready for showtime?  Your client call will often happen just a few days after you received the initial invitation.  Mosaic will send you information on a conference call line.  Most expert network calls continue to be voice-only – so no need to dress up or find a professional-looking background – but do be sure to find a quiet place to talk with a stable phone or internet connection.

The client will open the call with a brief introduction, an overview of their objectives, and will then take the lead in steering the conversation.  They are looking to rapidly download your knowledge in order to confirm or refute their understanding of a company, industry, or product of interest in order to perform due diligence prior to making an investment. The client has usually done extensive research beforehand and it should make for an interesting conversation.

The types of clients you will encounter are will be institutional investors (strategy consulting firms, hedge funds, private equity funds, etc.) and are bound by strict compliance policies that prevent them from soliciting proprietary or confidential information. This policy should also be laid out to you in a document prior to the call, so you understand what you can and cannot discuss in the call. It’s rare that you’ll be asked to share any non-public information, and you should decline to answer any questions you feel moves into this territory; clients won’t press you to share things that you shouldn’t.

You should not feel the need to overly prepare for the call. The client is not expecting a deliverable or a presentation. The format is highly conversational, and you should be able to answer the questions easily based on the years of experience that you have in your role and industry.

What’s Next?

One of the best part of consulting with Mosaic Research is that once you hang up the phone, your work is done.  There is no follow-up or deliverables, and Mosaic will pay you via direct deposit within a week or two. 

Now that you’re part of the Mosaic expert network, don’t be surprised if you are regularly contacted for many more projects. Expert networks are a great way to capitalize on your industry experience.

If you haven’t already been contacted by Mosaic Research Management about a project, you can get on their radar and create a profile by reaching out an an associate at [email protected]

Watch: CEO Troy Lavinia on Building Mosaic Research Management

stream research group

Stream Research Group Review

Have you been contacted by an associate from Stream Research Group to record an interview with an analyst? Stream boasts that these calls can get your valuable exposure and help you land high-paying consulting calls with their clients…but unlike most expert networks, you won’t be paid for it. Learn if this is a legitimate opportunity, what to expect, and if participating is worthwhile in our Stream Research Group review.

What is Stream Research Group?

Stream Research Group logo

Stream Research Group is an expert network, a firm that specializes in sourcing subject matter experts for recorded interviews with industry analysts and short-term consulting engagements. Expert networks are a $2 billion industry that aids institutional investors and management consultants in making investment decisions, devising corporate strategies and developing new products. Expert network projects are most commonly a 1-hour phone consultation between the subject matter expert and the client.

Clients turn to expert networks like Stream Research Group to quickly perform first-hand research on products, companies or markets for the people who know them best, such as former employees, customers, vendors, competitors, or other key influencers.  Working with expert networks is a great way to capitalize on your industry experience, enabling you to earn hundreds of dollars per hour by participating in concise and convenient consulting calls with their clients. While these calls are usually 1:1 between the expert and the client, Stream is one of several upstart expert networks that is building a library of recorded and transcribed expert interviews that is available to its entire roster of approximately 2,000 clients.

Stream was originally a product offering developed by Mosaic Research, a mid-tier expert network founded over a decade ago.  Mosaic sold the Stream business to business information service AlphaSense in October 2021. (Don’t confuse AlphaSense with the large expert network AlphaSights).

New York-based Stream has recently used several names, including Stream Research Group, Stream by AlphaSense, Mosaic Stream, and Stream by Mosaic. Don’t be alarmed by these name changes – AlphaSense is a legitimate company and an invitation to participate in an interview with Stream is not a scam.

Mosaic continues to operate its traditional expert network business and is no longer connected to Stream.

What to expect on an analyst call with Stream Research Group

Stream by Mosaic invitation to consult

I was first invited to participate in an interview for Stream Research Group 2021 and was disappointed with my experience at that time.

Rather than speak with a Stream Research Group client, your call is instead with a third party analyst.  The call is recorded and transcribed, then made available to Stream’s client base.  The analyst that I recorded with call with was engaging and well-prepared; my conversation flowed like a typical expert network call. I was told that my name and exact title would be removed from the call and transcript to provide me with anonymity.

Experts usually are not paid for participating in Stream calls, though the analyst is compensated for interviewing you.  According to the invitation I received from Stream, “This conversation with our partner analyst is intended to allow you to market your expertise to a group of Stream’s clients who value speaking with experts about [the target company and industry].”

Stream’s associates have been disorganized across several interactions with them. In multiple instances, they have reached out to introduce me to Stream despite that I have already completed an assignment with the company. When I let them know that I have an experience and an existing profile with Stream, they seem unsure what to do with this information and want to again in engage in the onboarding process from the very beginning.

Perhaps because of the modest disarray, I didn’t receive any follow up updates from Stream following my first recorded interview.  I wasn’t provided with access to the recording or transcript, don’t have any information on how Stream ‘marketed’ me as an expert, and several months passed before I was invited to participate in another project.  My view is that I contributed a piece of specialized content to Stream’s high-priced content library without receiving any compensation or perceived benefit.  

In addition, I’ve twice received outreach from associates who want to register me with Stream for a specific paid client call. When I respond that I already have a profile with Stream, the response has been, “I don’t want to waste your time with another intro call.  We will be in touch as soon as we have a client interested in scheduling a call.”

Stream clearly has some work to do with their CRM system. As I’ve personally had this experience several times, it also raises questions if Steam is being a bit overly aggressive in building its expert database by reaching out about potential paid calls that aren’t yet on the books yet.

Stream is working at better serving experts

Since I first published this review – which included a recommendation to not participate in unpaid interviews with Stream – I have seen improvement in their treatment of consultants.

Shortly after publishing my review, an executive from Stream reached out to me to me to better understand my frustrations. He took feedback well, stated that Stream is striving to improve the value it provides to experts, and apologized for any bumpiness caused by the transition of the business from Mosaic to AlphaSense.

He stated that Stream does now offer compensation for initial analyst interviews in some cases, and is working to better promote experts and provides them access to its content library, and the Stream website has been updated to more clearly convey this. However, my recent interactions with Stream associates continue to be inefficient and a bit janky.

I would certainly give Stream another chance and work with them again, though I am not enthusiastic about creating valuable content for a high-paying subscriber base without cash compensation and continue to have some frustration with introductory outreach from a firm that I already have a relationship with.

Stream Research Group consulting rates

stream research group consulting

The typical expert network experience is to connect directly with a client for a roughly one hour long consulting call, at a high hourly rate. Things work differently at Stream.

Your initial experience will usually be a recorded interview with an expert analyst, typically an investment manager with deep experience in your industry. Your name will be removed from the recording and transcript to provide you with anonymity (though there are often enough clues for a curious client to figure out who you are) and it will be made available to Steam’s clients.

You usually won’t be paid for this initial call, though I do recommend that you ask for compensation. Stream will provide you with a shareable copy of your interview and free access to its content library of over 10,000 interview recordings and transcripts for six months. Clients who reviewed your interview may also connect with you via Stream for paid consulting calls, though it’s unclear how frequently this occurs.

While Stream generally does not pay for initial analyst interviews, this is not the standard industry practice. Tegus offers similar transcript subscription products where you are paid for all consulting calls. Many traditional expert networks, such as Guidepoint Global Advisors, produce a limited number of analyst interviews, and generally pay 1.5 – 2.0X of your regular hourly rate for participating in these recordings

Rates for consulting calls (or paid interviews) with Stream’s clients seem on par with most other expert networks. Your hourly rate is based on factors like your seniority and how recently you’ve held your relevant title, how hard it is to find an expert on the topic, and demand for your insight. In general, you can expect to be offered a Stream Research consulting rate of $100 – $200  per hour if you are a director level or below, $200 – $350 or above for director-level professional, and $500+ for senior executives and physicians. 

Getting started with Stream Research Group

Stream Research Group paid consulting opportunity via LinkedIn

Stream adds to its content library every day, so you may have found this review after an associate reached out to you record an analyst interview or do a client call. You can also propose a topic to Stream, and if they think it will be of interest to their client base, they’ll match you with an analyst and record and distribute an interview with you. Though I’d like to see Stream provide compensation for all calls with experts, this may be a worthwhile route to bolster your personal brand or gain free access to Stream’s extensive content library.

You can propose an interview topic and create a profile with Stream Research Group here.

Watch our Stream Research Group review

Tegus Expert Network Review

Have you been contacted by an associate from Tegus inviting you to participate in paid consultation request? Wondering what’s involved, how much you can earn, or if this is a legitimate opportunity or a scam? Our comprehensive Tegus review will show you what to expect and how to land high-paying projects.

What is Tegus?

Tegus logo
Tegus is named after a South American lizard.

Tegus is an expert network, a type of firm that recruits and connects subject matter experts with clients doing deep research on a product, company or market. These experts are sourced from countless industries and at all levels of experience. They are typically former employees, customers, competitors, or key influencers of the business that the client is researching.

Tegus’s typical consulting project is a 45 – 60 minute call between the client and the expert, where the client wants to rapidly learn the ‘facts on the ground’ from people with significant hands-on experience. Working with expert network consulting with firms like Tegus can be an attractive source of extra income, since the firm offers high hourly rates, schedules calls at times that are convenient to the consultant, and projects are usually extremely concise with no preparation or follow up required.

While some expert networks have a broader client focus, Tegus works exclusively with investors, such as hedge fund and mutual fund managers, and venture capitalists. Tegus claims to have facilitated over 25,000 client calls on its website, and is currently arranging more than 900 each month. In an unusual twist on the expert network model, transcripts of most Tegus client calls are made available to its entire client base.

Tegus was founded in 2016 by Michael Elnick, a former AlphaSights associate, and his identical twin brother Thomas Elnick; the two serve as Co-Founders and Co-CEOs. The company raised a $90 million Series B funding round led by Oberndorf Enterprises and Willoughby Capital in November 2021 and $1.5 million in venture capital investment in 2017. In late 2021, the company acquired acquire BamSEC, a platform that makes it easy to access and work with SEC filings and earnings transcripts.

Tegus is based in Chicago, with a European office in Waterford, Ireland. The company has over 300 employees to service its more than 1,000 clients.

Is Tegus legitimate — or a scam?

A Tegus consulting request can sound too good to be true. A stranger reaches out to you on the Internet – often via LinkedIn – praising your expertise and offering to pay you hundreds of dollars an hour for simply having a brief phone call with their client.

While you should always be cautious about people reaching out with unsolicited offers (Tegus will never ask you for payment to participate in consulting projects!), Tegus is not a scam. It’s part of the rapidly growing expert network industry that encompasses nearly 200 firms around the world which are collectively soaring past $2 billion in annual revenue. If you’re looking for a way to leverage your experience and expertise, an invitation to work with Tegus may be your entryway to the easy and lucrative world of expert network consulting.

What to expect if you consult with Tegus

Tegus employs a small army of recruiters who spend their days searching for experts who fit the criteria for client project requests. LinkedIn is their favorite hunting ground, so if your profile seems to match what they’re looking for, they’ll often reach out via LinkedIn messenger, email or a phone call to introduce you to Tegus and provide a brief overview of the consulting opportunity.

If you’re interested and look like a fit, you’ll be asked to create a profile on the Tegus platform and answer a few short screening questions about your qualifications for the project, which generally requires a few sentences about your relevant work experience knowledge of and relationship to the subject of the call. You’ll also be asked a few yes/no compliance questions to ensure that you are permitted to speak about this topic and meet the compliance requirements set by both Tegus and the client. You’ll then have the opportunity to set your Tegus hourly rate (more on that in a moment!) and provide a list of times for a client call that are convenient for you. Getting set up with Tegus should only take 20 – 30 minutes of your time, and then you’ll only need a few minutes to respond to additional consulting project invitations in the future.

The Tegus associate will then present your profile, screening answers, rate and availability to the client. If they’d like to speak with you, the associate will send out a calendar invite for the call. From initial contact to client call often takes less than one week. Don’t get discouraged if you’re not selected for the first project that you apply for – landing about 1/3 of the relevant projects that you respond to is typical with expert networks. Refining your profile and answers to screening projects can help improve your success rate.

Tegus business model
Tegus’s unique business model seems to be successful!

Tegus has an unusual business and pricing model for its clients. For most calls, the client just pays a $75 markup on the expert’s consulting fee; this compares to rates of $1,000 or more for a consulting call at the largest firms, like GLG and Guidepoint Global Advisors. This fee covers sourcing and managing the expert, compliance checks and monitoring, and recording and transcription.

Tegus earns most of its revenue by selling access to its platform, that includes a rapidly growing library of over 35,000 client call transcripts. Approximately two weeks after your call, the transcript will be published and available to all Tegus clients on its platform. (Access to the platform starts at roughly $20,000 per year so transcripts are not shared publicly!) Your employment history and bio will be included in the transcript, but your name will be redacted. You do not receive any additional compensation for other clients accessing the transcript of your call. (Stream Research Group also provides a library of recorded and transcribed calls to all clients, and often doesn’t pay experts for their initial call!)

Tegus Hourly Consulting Rates

How much should I ask for? How much can I ask for?

Expert network companies like Tegus often pique your interest by touting hourly rates in the hundreds of dollars or more, and the ability for you to name your own price. Some in-demand experts, like Fortune 500 executives or specialized surgeons, do regularly command $1,000 hourly rates or even higher. However, for those whose resumes aren’t quite platinum-status yet, you’ll generally want to aim for typical bands within the industry.

For non-managers or people earlier in their career, a $100 – $200 hourly rate is usually the starting point. Your Tegus hourly rate can quickly climb to $200 – $350 for director-level employees or professionals with strong credentials, such as doctors or engineers. Vice Presidents and C-level executives at mid-sized firms can often achieve $500 hourly rates or a bit more. The typical rate for Tegus consultants is $300 per hour, according an interview with the Co-CEO. Rates are pro-rated to the length of the client call, so a 45 minute call will only yield you 75% of your hourly consulting rate, while your meter keeps running on a good conversation that extends beyond an hour.

Keep in mind that scarcity certainly plays a role in your rate and odds of being selected for a project. If the client wants to speak with users of a popular software package where hundreds of potential experts can easily be sourced, you may be passed over for lower cost consultants. However, if the client wants to speak with senior finance managers who recently worked at a particular company you may be the only game in town and have leverage to command a higher rate.

You may want to set your rate towards the lower end of your target band until you’ve landed your first couple of projects and established a reputation. It’s then easier to negotiate a higher hourly rate with Tegus for future projects.

How to ace your Tegus consulting call

Client calls tend to be easy and engaging conversations. It’s always nice to be considered an expert in something, and things that can be banal to you, such as how you set budgets or make purchasing decisions, can be valuable information to clients that generates unexpected enthusiasm!

Most client calls are centered on a particular company, industry, or product. The client is not expecting you to prepare a presentation or deliverable for the call; they are looking to rapidly download industry knowledge via your many years of experience. You can expect that clients have done their own basic research, reviewed publicly available information, and perhaps heard a management presentation prior to speaking with you. They have come prepared with specific questions to confirm or clarify aspects of the business.

Oftentimes, the client is researching a particular company, especially those with a recent IPO, major announcement or volatile stock price. The client will be eager to learn your honest opinion about the company’s prospects, ability to execute, and management quality. Common questions will be about how the target company compares to its competitors, product and feature differentiation, pricing strategy, quality of management, etc. These types of calls will often resolve around your former employer or a major vendor that you worked with frequently, with emphasis on the key factors influencing your decisions.

You should have an easy time answering the questions during the call – the client often wants to learn about something you’ve been doing regularly for years.. Even so, you may not have all the answers, or know figures off the top of your heads. Be honest and say you don’t know, and you should never make up answers. Clients are usually quite skilled at parsing fact from fiction, and manufactured answers can quickly result in a short call, if not a short career with an expert network.

It’s important to note that you will never be asked to share non-public or proprietary information during a client call, and doing so can be illegal in more extreme cases. One of the key responsibilities of expert networks is to ensure that improper information isn’t exchanged on a client call, with both parties bound by strict compliance standards (which you will receive prior to the call). All client calls are recorded by Tegus and reviewed by its compliance team (and often the client’s compliance team as well) to ensure that no improper information is shared. Clients are often very well versed in compliance requirements and strictly adhere to them so they are not prohibited from pursuing an investment idea or.

What’s Next?

Tegus payment options include ACH (US-only), wire, physical check, or PayPal. After you complete a call, you will be prompted to provide payment preference and details. (Be wary of anyone asking you to provide account information prior to your first call – be sure to confirm that they are indeed a Tegus employee.). Payments are issued within 15 days of the client call.

Now that you’re a part of the network, you will periodically be contacted for participation in new projects, especially as you build a history of completing successful client calls.

Expert networks are a great way to capitalize on your experience. If you’ve been contact by a Tegus associate, you’ve already been identified as a good potential fit for an active project. Otherwise, Tegus does not offer online registration but you can contact Tegus here to express your interest in working with them.

Watch our Tegus review

proSapient Review

Have you received an invitation to participate in a proSapient paid consultation opportunity? Are you unsure what this opportunity is, or if it’s even legitimate? Learn what to expect if you work with this rapidly growing expert network in our comprehensive proSapient review.

What is proSapient?

proSapient logo

ProSapient is an expert network, which are recruiting firms that specialize in custom sourcing subject matter experts (SMB) for short-term consulting projects. Expert networks cater to institutional investors (management consulting firms, private equity, hedge funds, mutual funds, etc.) doing market research or performing due diligence on a company or subset of companies in preparation for an investment. The industry has grown rapidly in recent years, with more than 100 expert network companies now generating close to $2 billion in annual revenue. Expert networks are a great way to capitalize on your industry experience, even after you leave! Expert network opportunities generally take the form of a 1-hour phone consultation between the subject matter expert and the client.

ProSapient is one of several up-and-coming expert networks that are capitalizing on new technologies such as machine learning, artificial intelligence, and robotic process automation. London-based proSapient offers the typical product mix such as surveys, and 1:1 expert consultations, but also offers a multi-vendor platform for clients in it’s bid to be a software-as-a-service (SaaS) for expert networks. ProSapient raised $10M in Series A funding in 2021 after achieving 100% year-over-year revenue growth. It plans to use the funds for a larger expansion into the United States as it seeks to offer a more technology-driven approach than industry stalwarts GLG, Guidepoint and AlphaSights.

Is proSapient fake or a scam?

is prosapient fake or a scam?

ProSapient is a legitimate, newer company in the large but secretive expert network industry — it is not a scam. 

As with any interaction with strangers on the Internet, it is always a good practice to confirm the identity of the person you are interacting with. They should email you from a prosapient.com address and/or have prosapient listed as their current employer on LinkedIn. proSapeint (nor any other legitimate expert network) will ever ask you to pay them to participate in a project. They will need your payment information, such as your bank account or PayPal ID (as well as a social security number for U.S. residents) to send you payment following completion of a call or survey; you can delay providing this information until after you’ve completed the project.

As a rapidly growing business, the company has gone through some growing pains, and there are a smattering of online complaints about slow payments and associates who don’t always seem respectful of consultant’s time. proSapient has been responsive to many of these complaints and over 90% of the online ratings it receives is positive.

What to expect if you consult with proSapient

proSapient paid consulting opportunity via LinkedIn

ProSapient associates are tasked with sourcing experts for client projects, so if they reach out to via LinkedIn or email, they’ve already identified you as someone who may be a good fit. Why? It’s likely that you are a senior level industry professional with experience with a company, product, or industry their client is looking to learn more about. Here’s a breakdown of the basic eligibility criteria for project participation:

  • You are at least 6 months and no more than 3 years out of a job where you were a senior executive (Director level or higher) at a company their client is trying to learn more about.
  • You currently (or formerly) work for a competitor of a company the client is looking to learn more about.
  • You currently or formerly were a customer of a product or company the client is looking to learn more about.

Now that you’ve been identified as a candidate for proSapient paid consultation, the associate will want you to register for their site and participate in a short vetting call to make sure you’re a fit before proposing your profile to the client for review. The vetting call will consist of some pretty general questions in order to judge your knowledge and confidence level in discussing various topics of interest to the client. This vetting process does not take the place of the client call and you can keep your answers high-level.

During the vetting process, you’ll be asked to provide a list of convenient times when you could participate in a client call, generally over the next week or two. Providing as flexible a schedule as you reasonably can will greatly increase. your chances of being assigned to the project. If the client does choose you for the project, you’ll generally receive a calendar invitation for the client call within a day or two of the vetting conversation.

Even if you don’t get chosen for this project, by completing their compliance procedure, you will be registered in their system and likely vetted for future projects, as networks tend to source in-network before custom sourcing for out-of-network experts. Most expert network consultants only land about 1 out of 3 or 4 projects that they apply for, so don’t get discouraged if you aren’t selected for the first few that you respond to.

ProSapient Consulting Rates

How much should I ask for? How much can I ask for?

You may have read articles online about how some experts make thousands of dollars a call. While that is true, the higher you price yourself, the more likely you are going to get priced out of a client interaction. The experts who can charge $1500 a call are usually very high-profile professionals with very recent experience in a niche industry.

In general, if you have been contacted for participation in a 1-hour 1:1 phone or video consult, you can expect to be offered a $100 – $200 if you are a Director level or below, or $200 – $350 for above a Director level. While you can absolutely negotiate your rate (or set the stage by letting the associate know your price floor), if you ask for a proSapient consulting rate above $500 per hour, you risk your profile not being seen by the client, or a client balking at your rate and going with a cheaper expert. You can always renegotiate your rate for subsequent projects you are contacted for, especially if you find that you are getting inundated by project participation requests.

The rate you actually receive for participation in a client call will be determined by the amount of time both you and the client are in the call. It’s in your best interest to keep the conversation going (with more insights, tidbits, analysis, or small talk), as an extra 10-15 minutes can bump up your rate, but conversely, any call that is more than 5 minutes under the 1 hour mark can be penalized with less pay.

How to ace your proSapient consulting call

Most client calls are centered on a particular company, industry, or product. The client is not expecting you to prepare a presentation or deliverable for the call; they are looking to rapidly download industry knowledge via your many years of experience. You can expect that clients have done their own basic research, reviewed publicly available information, and perhaps heard a management presentation. They have come prepared with specific questions to confirm or clarify aspects of the business. You can see some examples of expert consultation use cases on their website.

If the call is centered on a particular company, the client will want to know how the target company compares to its’ competitors, product and feature differentiation, pricing strategy, quality of management, etc. These types of calls will often resolve around your former employer or a major vendor that you worked with frequently, with emphasis on the key factors influencing your decisions.

Alternatively, if the call will be centered on a particular issue or problem they have been tasked to solve. The client may be looking to develop a marketing strategy, solve chronic operational issues, or restructure an organization. These types of calls will often center your approach to an issue, your impressions of various products, factors that influence budget and purchase decisions, or to provide feedback on potential new products or solutions.

You should have an easy time answering the questions during the call- after all, the client wants to learn about an area via your experience. Even so, you may not have all the answers, or know figures off the top of your heads. You can always be honest and say you don’t know, and you should never make up answers. Clients often have multiple calls on the same subject and if it becomes apparent that you lied, you may be blacklisted.

It’s important to note that you will never be asked to share non-public or proprietary information during a client call, and doing so would be illegal. One of the key responsibilities of expert networks is to ensure that improper information isn’t exchanged on a client call, with both parties bound by strict compliance standards (which you will receive prior to the call).

proSapient will generally record and transcribe consulting calls for further use by the client, particularly for internal compliance reviews; you will not be provided with a copy. These recordings are not published or publicly shared, and are not available to other proSapient clients. (Some expert networks, such as Tegus and Stream Research Group make recordings available to all clients as part of a content library.)

What’s Next?

ProSpaient offers payment via PayPal or ACH direct deposit, and you can expect payment within 45 days of the completion of the call.

Now that you’re a part of the network, you will periodically be contacted for participation in new projects, especially as you build a history of completing successful client calls.

Expert networks are a great way to capitalize on your experience. If you haven’t been contacted by an associate from ProSapient, you can still register to be added to their network by contacting them here.

Learn more in our proSapient video review:

Arbolus Technologies Review

Have you been contacted by an associate from Arbolus Technologies via LinkedIn, email or phone call with an invitation to participate in a paid consulting engagement? Are you wondering if it’s a scam, or a legitimate opportunity? Our Arbolus Technologies review details what to expect, and how to land high paying hourly consulting projects.

What is Arbolus Technologies?

Arbolus consulting logo

Arbolus is an expert network, a custom recruiting firm focused on connecting subject matter experts (SMEs) with institutional investor clients looking to better understand an industry, company, or product. Expert networks typically rely on LinkedIn and company websites to identify current & former employees, competitors, customers, and key opinion leaders who can add value to a client’s market research via their professional experience and opinions. A subject matter experts’ expertise is typically rapidly downloaded via a 45 minute to 1-hour call with the client. Working with Arbolus, and other expert networks, can be a lucrative alternative stream of income, requiring little to no preparation, that can be scheduled around your existing employment or other responsibilities.

Founded originally as CiQ Group in 2017, the firm was rebranded as Arbolus Technologies in 2019. Arbolus was founded by two managers from AlphaSights, Sam Glasswell and Will Leeming. The firm has been experiencing rapid growth, acquiring Waterside, another budding expert network, in 2019. The London-based firm employs 100 people and also maintains offices in Barcelona, New York, and New Delhi. The company raised $6M in venture capital investment from Fuel Ventures and Plug & Play Ventures in 2021 and an additional $15 million from Element Ventures and Fuel Ventures in 2022. 

One of the company’s unique offerings is a video Q&A platform, which enables clients to quickly ask multiple experts the same question and review their brief responses (typically 2 – 3 minutes). These short videos may be used for project screening as well as used as part of the client’s research.

Experts are not compensated for providing these short responses. On one hand, you may find them easier to complete than the written screening questions usually required to land an expert network consulting call. However, unlike those screening questionnaires, Arbolus actively markets these recordings – including searchable transcripts – as part of the value the firm provides to its clients without providing compensation to experts for participating in them. (Arbolus joins Tegus and Stream in finding ways to further monetize content provided by experts without providing additional compensation; a worrisome trend.)

Arbolus also facilitates surveys on behalf of its clients, on topics such as your awareness and opinion of certain product categories or your budget and spending expectations. Expert network surveys generally take 10 – 20 minutes to complete, with compensation ranging from $40 – $70.

Is Arbolus Technologies a scam— or a legitimate opportunity?

Arbolus — and expert networks in general — are not a scam. Expert networks are a $1.9B industry, and typically serve as a professional service for the financial services industry by sourcing subject matter experts for their clients. Arbolus serves a wide variety of clients, from start-ups & corporations to consultancies, hedge funds, and private equity.

Typically, associates from an expert network will use LinkedIn, or publicly available contact information such as email or phone number, to recruit potential experts for a project. You can optimize your LinkedIn profile to increase your chances of being recruited for a project by expert networks. Expert networks are an extension of the gig economy and are a great way to monetize your professional experience!

What to expect if you consult with Arbolus Technologies

Arbolus consulting reviews

Recruiters for expert networks rely heavily on LinkedIn to identify potential experts for a project based on their employment history. If, based on your LinkedIn profile, the associate believes you could be a good fit, they will reach out you with a brief introduction to themselves, their firm, and the project.

If you’re interested and think you could contribute to the topic, the associate will invite you to fill out a profile on their platform, which will cover all the basics about your employment history and expertise.

For each project, you’ll also be asked to respond to a few project-specific vetting questions. Most expert networks ask you provide a few two or three sentence responses to a few questions to demonstrate your qualifications for the project. In some cases, though, Arbolus will ask you to provide some more detailed video responses through their Canopy technology platform. Based on these videos, the client may select you for an hourlong consulting call, however, even if you are not selected, the client will still have access to the information that you provided. This creates a tough scenario for expert consultants, as you don’t want to ‘spill the beans’ during the (unpaid) screening process, but at the same time, if you don’t put your best foot forward you may not be selected for the project.

You will also be asked to review a compliance document to make sure you understand that no propriety or confidential information can be shared during the call. You will also be able to set your rate and availability at this time.

The Arbolus associate will then submit your profile to the client for review. If the client chooses to move forward with your profile, you will receive a calendar invitation with dial-in information for the call. While the review and scheduling process usually takes only a few days, it can take up to two weeks. 

If you don’t receive a calendar invitation within a week or two, it’s safe to say your profile was not chosen. Don’t worry— now that your profile is in the Arbolus system, you’re more likely to be contacted for future projects. In the meantime, you can increase your chances of being chosen for a project by following these tips.

Arbolus Hourly Rates

Arbolus— and other expert networks— compensate you for your time and expertise spent on a client project. Sometimes, a starting rate will be communicated to you in the initial reach out. Othertimes, it will be communicated to you in subsequent reach outs. 

In general, you can expect the hourly rate to depend on a variety of factors, including the scarcity of your expertise (how many other experts can discuss the topic intelligently?), how far removed you are from the topic (how many years has it been since you were in the industry?), and how far you are in your career. 

For early career professionals, you can expect to be offered $100- $200; director level or similar professionals can expect $200-$300; anything above director level can easily command rates of $300- $500. Some experts can command fees of  $1000 or more an hour, however, these professionals are often expert network veterans who are at the top of hot or niche industries, or executives at Fortune 500 companies. You can also negotiate a higher rate for further calls.

Setting your rate exceptionally high can also dissuade a client from moving forward with your profile, even if you are a good fit for the project. This is most common in situations where there are many potential experts who can speak to a topic.

Most expert networks will compensate you based on the amount of time you are in the call. This means that even after you negotiate your hourly rate, if you are on the call for less than 60 full minutes, your fee will be pro-rated based on the number of minutes you are in the call with the client. Therefore, it’s best to keep the call going for as long as you can so you can maximize your fee. Similarly, you will be compensated for time spent on the call beyond the agree-upon hour. An extra 15 minutes on a call can easily translate to a higher fee via Arbolus!

How to ace your Arbolus consulting call

You should not feel the need to overly prepare for the call. The client is not expecting a deliverable or a presentation. The format is highly conversational, and you should be able to answer the questions easily based on years of experience in your industry. 

You can expect that the client has come prepared with specific questions as a result of their own in-depth research on the topic they’ve contracted you to speak on. Clients use expert networks to rapidly download industry knowledge (via your many years of experience!) in order to confirm or complicate their  understanding of a company, industry, or product of interest in order to perform due diligence prior to making an investment or strategic movement. The client has done extensive research beforehand and it should make for an interesting conversation.

The types of clients you will encounter are will likely be institutional investors (strategy consulting firms, hedge funds, private equity funds, etc.), however, Arbolus also offers services to corporate and start-up clients. You should know that financial services clients are bound by strict compliance policies that prevent them from soliciting proprietary or confidential information. Client calls are likely always recorded by Arbulus in order to be made available to customers of their platform, so you can expect that the call will be reviewed internally to ensure compliance. It’s rare that you’ll be asked to share any non-public information, and you should decline to answer any questions you feel moves into this territory; clients won’t press you to share things that you shouldn’t.

What’s Next?

Arbolus payments are made via ACH, wire, or physical check. You should be prompted to enter your payment information immediately after the call.

Now that you’re part of the network, you can use the Arbolus platform to participate in further calls by keeping your information up to date and periodically checking in.

If you have not yet been contacted by an Arbolus associate, you can register as an expert on their platform here.

Watch our Arbolus Technologies Review

FirstThought Review

Have you received a LinkedIn message, email or phone call inviting you to participate in a paid consulting opportunity with FirstThought?  Are you worried if this is a legitimate opportunity or just a scam? Our FirstThought review shares what to expect, how much you can earn and how to land high-paying hourly consulting projects with this upstart expert network.

What is FirstThought?

First Thought logo

FirstThought is an expert network, specializing in life sciences and healthcare. The company connects investors and management consultants performing in-depth research with experts in the field, such as physicians, researches, administrators from throughout the healthcare, insurance and therapeutics fields.  FirstThought’s network covers most aspects of life sciences and healthcare, including niche areas like market access, regulatory affairs, and reimbursement.

Like most expert networks, FirstThought’s primary way of connecting clients with industry experts is a one hour ‘consulting call’.  Clients will rapidly take a deep dive into the research topic during these calls to get your viewpoint on how things work, what your opinion is of key players, and your thinking on how trends will play out.  Rates FirstThought consulting calls usually start at several hundred dollars per hour and can climb significantly higher if you have specialized or hard to find expertise.  FirstThought also arranges paid surveys, events and more traditional consulting projects for its clients..

FirstThought was founded in 2020 by several alumni of Guidepoint, one of the largest expert networks. The company is headquartered in New York City and employs approximately 50 people, according to LinkedIn.

Is FirstThought a scam or a legitimate opportunity?

FirstThought is not a scam.  The two year old company is a fast growing expert network, which connects subject matter experts in the life sciences and healthcare industries with its clients such as investment managers and management consultants.

Your introduction to FirstThought will generally be through a call, email or LinkedIn message inviting you to participate in a high-paying consulting opportunity. While you should always perform due diligence on lucrative offers from strangers on the Internet (which may be what brings you to this FirstThought review!), working with FirstThought may be a great way to create a lucrative source of additional income by simply sharing your expertise.

What to expect if you consult with FirstThought

FirstThough paid consulting opportunity via LinkedIn

FirstThought’s clients are performing primary research as part of an investment decision, due diligence process, or to formulate a new strategy. They want to speak with people who have deep first-hand knowledge of the product, company or market that they are looking at to help shape their thinking or get feedback on their hypothesis. Experts are typically former employs, customers, vendors, competitors, or key influencers (such as prescribing physicians) of the research subject. Clients will often want to speak with a handful of experts to get different perspectives.

Once a project has been created with FirstThought, an associate will start recruiting potential experts to speak with their client. LinkedIn tends to be the most popular tool for sourcing expert consultants.

If your profile seems to match what the client is looking for, the associate will reach out to you with a brief note, inviting to have a brief call so they can tell you more about FirstThought and the project they are working on, as well as learn about your qualifications and background.  Keep in mind that the associate usually has limited knowledge of the topic that the client is researching – they are mostly trying to gauge your fit with the client’s requirements.

If you’re interested in the opportunity and look like a good fit, there are three brief steps to formally apply for the project.

First, you’ll need to complete a brief profile about your background; this will help you land future projects with FirstThought as well. Expert networks want to know what you know aren’t terrible interested in your soft skills. So, unlike your resume, make sure you are very specific and liberally use keywords and product and company names. A good rule of thumb is that if you could give a quality 30 minute presentation on something (such as how you selected a vendor or allocate budget) you are likely qualified to participate in an expert network consulting call on this topic.

Next, there will be a few short screening questions about the project you are applying for. You just need a few sentences to answer these, but again be as specific as possible. The client will want to know that you have strong firsthand experience with the topic they want to speak with you about.

Finally, you’ll set your hourly rate for the call (more on that in a moment!) and provide a handful of time slots that are convenient for you. 

All of this should take you less than an hour, and once you’ve applied for your first project responding to additional invitations should only take you 5 – 10 minutes.

The associate will present your information, along with other profiles, to the client.  They’ll often select a number of people to talk to so that they get different perspectives.  If you’re selected, the associate will send you a calendar invite during one of the time slots you’ve provided and it’s off to the races.

Setting Your FirstThought Hourly Rate

Conversations with FirstThought clients tend to be interesting and engaging, plus it’s rewarding to be considered an expert. But what’s even more exciting is the high hourly rate you can charge for sharing your expertise!  Your insights will often help shape a multi-million dollar decision, so clients will gladly pay hundreds of dollars (or more) for an hour of your time.

The two key factors that go in to finding your ideal FirstThought rate are how much of an authority are you on the topic and how many other people could they can find who have similar expertise.  For example, if the client wants to speak with a former senior finance executive of a specific company and you are the only person who fits that criteria, you’ll have significant leverage in setting your rate.  However, if there are dozens or hundreds of people with similar expertise to you, then experts with more affordable rates will generally have a leg up in being assigned to the project (and the associate will often steer them in that direction).

While ever situation may differ a bit, here are some rules of thumb for setting your expert network consulting rate:

If you’re earlier in your career or have knowledge that’s easily found, you’ll usually be steered towards $100 – $200 per hour; director level or similar professionals can expect $200 – $300; very experienced professionals and senior executives  often charge rates of $350 – $700. Some experts can land projects at rates of $1,000 or more per hour, though these tend to be reserved for elite-level experts, such as Fortune 500 executives, specialized physicians or former elected officials. If you’re new to FirstThought or expert network consulting, it’s generally a good plan to put your rates towards the lower end of your target range to make it easier to land your first few projects. It’s not hard to negotiate a higher rate with just a short track record.

For paid surveys, you’ll be presented with the fee when you are invited to participate; $40 – $70 is typical for a 10 – 20 minute expert network survey.

How to ace your FirstThought consulting call

Consulting projects with expert networks like FirstThought are extremely concise and compact.  You provide your availability – which may include before or after work or during your lunch hour. Since you’re talking about what you’ve been doing day-in and day-out for years, you don’t need to do anything to prepare for the call, and once you hang up the phone, your work is done – there is no follow up and no deliverables.

Consulting calls tend to be very conversational, and about topics that you likely know like the back of your hand.  Many calls do deep dives into somewhat droll topics where your explanations can cause wide-eyed excitement for the client, such as purchasing decisions or budget allocation.  

The client will come the call with an agenda and a crisp set of questions for you. Calls will generally start with brief introductions and a couple minutes of small talk to build rapport. Generally, the client will want rapidly download your industry knowledge to help them confirm or challenge their understanding of a company, industry, or product of interest.  Your insights are usually a key factor in a significant strategic or investment decision.

Prior to the call, you will be asked to review FirstThought’s compliance policy and brief compliance training to make sure you understand that no propriety or confidential information can be shared during the call.  You’ll often be asked to affirm that you understand the compliance policy at the start of the call as well, and a member of the client’s compliance department may even listen in to the call or read a transcript after it is completed.

This is for both your protection and the client’s.  The entire expert network industry was nearly destroyed by a major insider trading scandal over a decade ago, which has fortunately led to the development of robust compliance policies and procedures.   Clients are tightly monitored by their own firms and don’t want to receive non-public information which could prohibit them from making a planned investment or lead to disciplinary action within their firm.  If you are ever unsure information is ok to share, simply say so and the client will simply move on to the next question. 

What’s Next?

FirstThought’s suite of research and consulting services

FirstThought will process your payment shortly after you complete your call or survey – no clunky invoicing or chasing down multiple clients for payment. Be sure to keep your profile updated for additional consulting opportunities!

If you’d like to become a FirstThought expert and haven’t yet connected with an associate, you can indicate your interest here.

Guidepoint Global Advisors Review

Receive a paid consulting request from Guidepoint and wondering if it’s a legitimate opportunity and what to expect? Our Guidepoint review will help you learn about the expert network consulting process, where to set your hourly rate, and how to land more projects with one of the largest firms in the industry.

What is Guidepoint? 

guidepoint global

Labelled as the “experts at finding expertise,” Guidepoint Global Advisors is a world leader in the burgeoning expert network industry. Alongside top firms like GLG and AlphaSights, Guidepoint operates on an international scale that significantly expanded after its 2015 acquisition of the German-based company Innosquared. Guidepoint has has over 1,000 employees spread across 16 offices on four continents. The company boasts that it has over 1 million subject matter experts in its networks (though only a small portion of that number has worked on a project for the company.)

Founded in 2003 by chemist Albert Sebag under the name Clinical Advisors, the company initially focused on the healthcare industry before expanding into other sectors. Rebranding as Guidepoint Global (and later simply Guidepoint), the New York-based business quickly opened branches worldwide, including in New Jersey, Connecticut, San Francisco, Boston, London, Düsseldorf, Athens, Dubai, Singapore, Shanghai, Hong Kong, Seoul, and Tokyo. Guidepoint connects business clients in a wide range of industries to advisors who can offer business insights via direct, private phone consultations or through surveys that provide information to drive decision-making. 

Click here to create your advisor profile and start consulting with Guidepoint.

Expert Networks – a rapidly growing $2 billion industry

Expert networks comprise a rapidly growing and highly profitable industry that’s approaching $2 billion in annual revenue, yet few people know that it exists!  Businesses demand a high level of discretion when seeking help from outsiders since they don’t want to give away clues about their strategies or problems. But expert networks have existed for decades, flourishing and gaining more exposure with the rise of the Internet. 

Their business model is simple. An expert network identifies areas where businesses could use knowledge-based support; then, it sources applicable subject matter experts. Next, from its talent pool it draws suitable consultants to connect to its business clients’ projects. These expert advisors charge a set fee to advise clients on their respective issues. Meanwhile, in exchange for arranging the consultations, the expert network company charges a markup to the advisor’s consulting fees. 

Who uses expert networks? Mainly investors or corporate management consultants looking for extra guidance to do their jobs. Why do these individuals need such counsel? Because, if you think about it, a single business decision can impact a company’s trajectory for years. In a worst-case scenario, a wrong move could lead to bankruptcy, but a savvy move at the right time could potentially launch earnings into the stratosphere. Either way, it’s well worth the investment for clients to utilize outside experts’ services, even if a call runs into the hundreds or thousands of dollars per hour! 

What should you expect on a Guidepoint consulting call?

Guidepoint LinkedIn message
Guidepoint heavily recruits new consultants via LinkedIn messages

Do advisors really make hundreds of dollars or more just for a phone call? Yes, many do. As mentioned, Guidepoint’s primary service is a “direct, private conversation between a client and an appropriate subject matter expert.” So if you’re selected to join their network, what would a phone call be like for such an expert network project? Calls usually go one of three ways:

Deep dive — The client might be an investor in need of a “deep dive” that provides intel on a given company’s potential for growth or the negative consequences of problems it could be facing. 

Industry overview — Companies often solicit expert opinions on the bigger picture, so they can gain a broad overview of an industry’s landscape before making any crucial decisions. 

Consulting with consultants — Many companies maintain in-house consultants or they work with agencies, but there is always room for additional insights for targeted issues that need resolution. Consultants often reach out to chat with subject matter experts who have no skin in the game and thus can offer objective guidance. 

Keep in mind, all calls are confidential and must comply with strict legal and ethical standards related to such discussions. For example, an advisor cannot divulge protected insider information, nor can customers ask for such non-releasable data. You can learn what’s permissible to discuss or not on Guidepoint’s FAQ page. To learn more about the types of consult calls you might be asked to do, check out our Ultimate Expert Network Guide, which covers the main types of calls in greater detail! 

Do I qualify as a subject matter expert? 

What does it take to qualify as a subject matter expert? There’s no hard answer to that question! If you worked for a specific company or within a particular industry for several years, you probably gained a certain level of knowledge and expertise that others might be willing to pay for. But then again, that would make many of us “experts,” right? Yes, it would! 

Guidepoint serves clients in an extensive range of sectors, so they need an equal variety of experts to advise those clients. They vet every applicant, keeping note of specialized skills and roles from the applicant’s background. Then, when a client submits a project, Guidepoint draws up a pool of potential advisors from their applicable pool and lets the client decide who to try. The point is, let them decide if you are “expert” enough. 

If you’re worried about “imposter syndrome,” don’t! It might seem odd at first to be getting paid just to talk on the phone, but people just like you do it every day, raking in a nice side income.  You know a lot more than you think you do…and certainly a lot more than a client who just started diving into this topic a week ago. There are so many things that are rote to you in your day job that simply blow clients’ minds.

Remember, hardly any clients are operators. They’re investors or management consultants who don’t really know how things are done and are parachuting in to quickly get the real scoop from people who deal with the topic they are researching day-in and day-out!

A good rule of thumb is that if you could give a quality 30 minute presentation about something, you’re probably qualified to consult as an expert on that topic.

How do I set my Guidepoint consulting rates?

Guidepoint hourly consulting rates vary widely, based upon the expert’s specialty and level of experience as well as supply and demand for the project. Professionals who are early in their career will generally be slotted at $100 – $200 per hour, while mid-career professionals at the Vice President level or higher can often command $400 – $700 per hour. Elite level experts, such as C-level executives at major companies, specialized physicians or former government officials can achieve hourly rates of $1,000 or more!

Your rate can impact how often you are selected for projects, as Guidepoint associates tend be highly focused on managing profit margin. For projects where a large number of qualified experts is easy to find, such as administrators of popular collaboration software, you’re less likely to be selected with a high Guidepoint hourly rate. However, for projects where there are few qualified experts, such as former marketing executives at a company that recently had an IPO, there are few eligible experts and you have good latitude to name your price.

Remember, Guidepoint’s clients aren’t “bargain hunting!” They’re coming to Guidepoint because they need precious insights and are willing to pay a premium for them. It’s a logical return on investment if the information they learn informs a better decision that could save or make them money. 

Guidepoint also offers a high volume of paid industry surveys, which generally take 10 – 20 minutes to complete and pay between $40 – $80.

Read more on our strategies for setting your expert network consulting rate.

What are the downsides to consulting for Guidepoint?  

Are there honestly any downsides to earning hundreds of dollars an hour for a phone call? Not many! But of course, the most obvious is that this is a competitive business. Guidepoint’s network is already packed with highly qualified advisors (~800,000 and growing) working in over 190 countries. Some of them get a lot more work than others. 

Consulting for Guidepoint (or any expert network) isn’t a regular job with guaranteed hours. You put in your application and hope it matches with clients’ project needs. If it does, you won’t be the only one that matches with it, so you’ll have to spend 5 – 10 minutes to submit a proposal or answer a few screening questions. 

It can be frustrating if your proposals aren’t getting replies, but consultants with the most success are the ones who adapt and keep trying. Yes, it’s sometimes a case of “feast or famine,” so don’t quit your day job! You might go months without a bite, then suddenly find yourself hit with a handful of gigs close together, especially if you have experience in an unexpectedly hot industry or company. 

When it comes to Guidepoint’s reviews by current and former advisors, opinions are all over the place. Many reviews on Glassdoor lambast the company as a “scam,” while others offer rave reviews. It could be a matter of some workers not landing enough projects, even if they are getting matched and submitting proposals. 

Meanwhile, some consultants love it, even though they wish there were more work. 

How can I win more Guidepoint Global consulting projects?

If there is a magic formula to winning projects, it’s something like this: Qualification + Persuasiveness = Work. 

If you aren’t qualified for a particular project, don’t apply and you can avoid disappointment. If you are qualified but cannot convince them, you might need to work on your writing skills to get more projects!

Most of Guidepoint’s business comes from the following sectors: 

  • Consumer Goods and Services
  • Energy, Industrials, Basic Materials
  • Financial and Business Services
  • Healthcare
  • Legal and Regulatory
  • Tech, Media, and Telecom

When Guidepoint vets and accepts new candidates, you enter a talent pool. When clients submit projects, Guidepoint staff search around in the pool to find relevant qualified candidates to suggest. If you’re suggested, a client might scan your information, or you may get a chance to answer a few questions as they screen for the most suitable advisor. 

Having an optimized, keyword-enriched profile will make you stand out if they peek at that. Providing thoughtful, value-added responses to screeners will help you seal the deal. It takes a bit of work upfront to get chosen, but consider it a return on investment. The more legwork you do to stand out from the crowd, the more you up your odds. 

Over time, as you get picked up more frequently, you’ll establish your positive reputation on their platform. That credibility will, in turn, lead to more work! That’s why expert networks are sometimes described as “feast or famine.” Once you get some momentum, it’s easier to keep it going.    

Guidepoint’s Advisors page lists further information on how it sources and matches experts to clients in over 150 countries. With a 90%+ client retention rate, they’re very careful to keep customers satisfied! If you land a few projects, but then suddenly the lines go cold, it could mean that even though you’re matching with clients, you aren’t giving them everything they need, and it’s impacting your feedback. You must make customer service a top priority and treat your consulting as a tiny business. And, of course, you have to be providing value during the calls. The better your reviews, the more likely you are to keep getting gigs! 

What types of consulting projects does Guidepoint take on? 

Guidepoint offers more than just phone consults; they can provide teleconference meetings for broader insight delivery, as well as conduct surveys, offer data products, or even legal services. But calls are what they’re often known for, so let’s explore those a bit more before moving onto the broader service catalog.  

Phone Consultations

Guidepoint works with consulting firms, corporations, hedge funds, professional services, private equity firms, and law firms, connecting them with professional advisors for calls that may last an hour or more. Every client request is unique, but they generally fall within one of the three main types we talked about earlier, i.e., company deep dives, industry overviews, or consultations with other consultants. 

There are strict rules in place to avoid legal or ethical breaches. You can read more about the conservative compliance guidelines on the Guidepoint Compliance and FAQ pages. For example, Guidepoint instructs advisors to decline any invitation to consult concerning their current employer. However, if there is no confidentiality agreement in place, advisors could discuss suppliers or customers of their current employer.  

Clients will steer the conversation, but you as the consultant are legally obligated to comply with all of Guidepoint’s rules regarding information disclosure (and don’t worry, they’ll make sure you are fully aware of the rules and you’ll sign your concurrence before starting!). Indeed, advisors must end consults that violate compliance rules, and will be compensated for the entire scheduled time if that ever happens. 

Besides staying within the boundaries of these rules, you should answer questions to the best of your ability. If the call goes longer than an hour, so be it. You’ll get compensated per minute, so try to keep the knowledge flowing! 

Other Client Services 

Guidepoint utilizes analyst teams to offer their branded Insights services through client teleconferences, live roundtable events, or group meetings timed with conferences or tradeshows. Other offerings include surveys, polls, “Qsight” data products, and legal solutions. Most of these are not typically areas where contracted advisors will play a role; however, once you get on board, who knows what you might be tagged for once you’ve established a name for yourself with the platform!

Is Guidepoint Global Advisors legit or is this a scam? 

Guidepoint Global Advisors is one of the largest and most established firms in the $2 billion expert network industry. If you received a LinkedIn message, email or phone call inviting to participate in a paid consulting opportunity with Guidepoint, you should treat it as a legitimate opportunity and not a potential scam. (As with any stranger approaching you online, it is still prudent to confirm that the sender isn’t impersonating or spoofing a Guidepoint employee. Note that Guidepoint will never ask you to pay them to participate in a consulting opportunity.)

Guidepoint is a legitimate business with offices around the globe and roughly 3,250 current clients, of which 200+ are hedge funds, 100+ are private equity firms, and 100+ are public companies. 

Guidepoint vets applicants to ensure high-quality talent is joining their network and adding value to customers. Applicants must complete a training tutorial and agree to a list of Conservative Rules before talking to clients. They also suggest a review of their Summary of Key Rules and Terms and Conditions. 

Once subject matter experts are screened and trained, they’re eligible for Guidepoint to start matching them up with potential client projects! There is zero promise of work, and applicants should set expectations accordingly. As we’ve seen above in the reviews, naturally consultants get frustrated and might leave negative reviews if they aren’t snagging gigs. But keep in mind, that is probably just those reviewers venting. It’s not evidence of Guidepoint being a “scam.” It is a legitimate entity that has created a competitive free market environment where eligible consultants can potentially thrive if they have applicable knowledge and experience and know how to convey that fact to potential clients.

Conclusion 

If earning hundreds of dollars to talk with customers on the phone seems like something you’d like to try, we think Guidepoint is an excellent place to start! They describe exactly what they’re looking for on their advisor welcome page: “Guidepoint Advisors is an exclusive network of academic and industry professionals who consult with business decision-makers and leading investors around the world. Guidepoint Advisors enjoys a reputation for excellence. We are actively seeking the most qualified practitioners and thought leaders to join our network.” 

If that describes you, head over and fill out your application. You’ll never know how much you can earn unless you try!

Click here to create your advisor profile and start consulting with Guidepoint.

Learn more in our Guidepoint video review

Capvision Review

Have you been invited to participate in a paid consulting call with Capvision through LinkedIn or an email and are wondering whether it’s a legitimate opportunity or a potential scam? Our Capvision review will introduce you to this powerhouse Chinese expert network and explain how to land brief, high-paying consulting projects.

What is Capvision?

Capvision logo

Capvision is the largest expert network in China. It is part of a rapidly expanding $2 billion industry that facilitates primary research into products, companies and markets.  Capvision connects connects its clients – primarily financial services firms and management consultants – with experts in the field, such as doctors, scientists or businesspeople to help them set strategy, evaluate potential investments, or perform due diligence on a possible transaction. 

Expert network companies, like Capvision, recruit subject matter experts from a wide variety of industries to provide clients access to specific industry knowledge and insights. The client and the expert typically connect during a one hour ‘consulting call’, where the client will want to rapidly learn your perspective on how things really work in your field, get your opinion on key players, and your thoughts on how trends will play out.  Capvision arranges more than 150,000 consulting calls a year and pays experts an average of $230 per hour to speak with their clients!

Capvision was founded in 2008, and is the largest expert network in China by revenue, according to a study by Frost & Sullivan. The company has grown its top line by more than 30% annually over the past several, years, reaching 676 million RMB (approximately $106 million) during the first 9 months of 2021; it earned an enviable 199 million RMB ($31 million) during that period. The company filed to go public in Hong Kong during early 2021, but then paused those plans. It is expected to refresh the offering in 2022, raising an estimated $300 million.

The firm is headquartered in Shanghai, with offices in Beijing, Suzhou, Shenzhen, and Hong Kong. Capvision entered the U.S. market in 2019 via an office in New York City. Though the U.S. currently contributes only 5% of total revenue, Capvision is growing quickly here and the IPO proceeds will help fund further expansion.

Is Capvision a scam or a legitimate opportunity?

Capvision experts by industry
Capvision facilitates a high volume of expert consulting calls across a wide variety of industries.

Capvision is not a scam.  The 14 year old company is China’s largest expert network, and it is rapidly expanding its presence in the United States. The company maintains relationships with 395,000 experts in China and the U.S., across a wide variety of industries, functions and experience levels. During the first nine months of 2021, Capvision facilitated a whopping 134,000 one-hour consulting calls between 37,000 of these experts and its 1,400 clients at prominent financial institutions, consulting firms and global corporations.

Capvision employs a small army of associates who are dedicated to recruiting experts to apply for client projects. Your introduction to Capvision will often be a LinkedIn message or email from one of these associates, inviting you to share your expertise with their client during a highly paid one-hour consulting call.  While this opportunity may sound too good to be true, it may just be your ticket an easy, engaging and lucrative source of secondary income. (Of course, it’s wise to be prudent when responding to strangers on the Internet.)  

One thing you should be cautious about is the company’s unusual use of exclusivity clauses in its agreements with its consultants. This can prevent you from working with other expert networks, significantly limiting your expert network consulting earning potential. Capvision has discontinued the use of exclusivity provisions in the United States, but it is still part of their standard agreement in China and other markets.

What to expect on a Capvision consulting call

Capvision’s clients want to rapidly take a deep dive into a topic and get perspectives with strong firsthand knowledge of a product, company or market. Clients are typically investment funds considering an investment or management consultants helping to formulate a strategy for their own clients. They to learn more from the people who know the research subject the best, so they turn to Capvision to connect them with former employees, customers, vendors, and competitors.

Expert networks like Capvision often endlessly search through Linked and their internal database to find prospective experts who may be a good fit for an active project. If you seem to match the criteria, a Capvision associate will reach out to you via LinkedIn, email or a phone call to invite you to briefly chat with them. During an introductory call (or email chain), they will tell you more about Capvision and the project, as well as learn a bit more about your background and qualifications.  Keep in mind that the associate generally has very limited knowledge of the topic that the client is researching – their main job is to find qualified experts.

If it looks like you may be a good fit for the client’s requirements, the associate will invite you to create an online profile with Capvision and provide a few short answers to questions about your experience with the research topic of the project.  In addition, the associate will ask you to set your hourly rate for the call (more on that in a moment!) and provide a handful of time slots that are convenient for you.  Creating your profile and applying for your first project may take 30 – 60 minutes of your time, but responding to future project invitations usually only requires 5 – 10 minutes of your time.

The associate will present your information, along with other profiles, to the client, who ultimately decides which experts they’d like to speak with.  If you’re selected, the associate will send you a calendar invite during one of the time slots that you provided. The timeframe from initial invitation to client call is generally just one or two weeks.

Whether or not you were selected for the project, you’ll probably start hearing from Capvision on a somewhat regular basis about additional projects where you may be a good fit. In the meantime, you can increase your chances of being chosen for a project by following these tips.

Setting Your Capvision Hourly Rate

Sharing your expertise via Capvision can pay quite well.  You’re providing valuable information that often is a meaningful factor in a multi-million dollar decision, so clients will gladly pay hundreds of dollars (or more) for an hour of your time without blinking an eye. The 100 most active experts with Capvision each earned over $30,000, on average, during 2021.

Experts who consult through Capvision charge hourly rates starting at $79 (500 RMB), with a few elite-level executives charging as much as $10,000! According to Capvision’s IPO prospectus, the average hourly rate in 2021 was $230 and 83% of experts received $236 or less. (At risk of stating the obvious, this means that 1 in 6 experts are charging more than $236/hour.)

There are a number of factors that go into setting your expert network consulting rate but the two that matter the most are how much of an authority are you on the topic and how many other people could they find with similar expertise.  For example, if the client is determined to speak with former senior finance executives of a specific company who left their position between 6 and 18 months ago and you are the only person who fits that criteria, you’ll have significant leverage in setting your rate.  On the other hand, if you have widely available experience, such as how to select and implement popular software packages, Capvision will likely only present experts with more modest hourly rates to the client.

So, with that, some rules of thumb in setting your rate:

For early career professionals, you’ll usually be able to land projects if you charge $100 – $200 per hour; director level or similar professionals can expect $200 – $300; more senior executives  often command rates of $350 – $700. To establish a bit of a track record, you may want to start out with a more moderate rate for your first few client calls and then seek a rate increase.

How to ace your Capvision consulting call

Capvision consulting calls are often engaging, concise and convenient. You’ve been selected for the project because the client is eager to get your insights and opinions on a topic that you already know extremely well, so you don’t need to do anything to prepare. And once you hang up the phone, your work on the project is done – there is no follow up and no deliverables.

Client calls tend to be highly conversational, and about work that you’ve been doing for years and likely know like the back of your hand.  What may seem like boring and mundane questions to you, such as how purchasing decisions are made or budgets get allocated, can be thrilling nuggets of information to the client.  

You’ll be asked to provide a bunch of available time slots for the client call when you apply for the project, and the associate will send you a calendar invite for a time that matches up with the client’s availability. Find a private space with a good phone or Internet connection to dial-in to the conference line for call. Capvision does not attend the calls, so it will just be you and the client (who may have several people on the line).

Prior to the call, you will be asked to review Capvision’s compliance policy and complete a brief online compliance training to ensure that you understand that no propriety or confidential information should be shared during the call.  At the start of the call, the client may read a disclosure statement to you and ask you to affirm that you agree to it, as well.  This is for both your protection and the client’s.    If you are unsure if a piece of information is ok to share, simply say so and they will gladly move on to the next question. 

The client will set the agenda for the call, which typically start with brief introductions. They’ll come prepared with specific questions for you, which are sometimes quite broad (‘talk to me about the main players in your industry’) or very specific (‘what factors went in to you choosing Vendor X vs. Vendor Y’).

Some clients already have deep expertise on the subject they’re speaking with you about, while in other cases you may be the starting point of their eduction. Give crisp, specific answers. Most clients love when you can provide precise numbers and they tend to lap up examples and rules of thumb. Don’t be afraid to say that you don’t know the answer to something if that’s the case – they don’t expect you to know everything and will simply skip to the next question on their list.

What’s Next?

Capvision pays experts via your choice of bank transfer, WeChat Pay or Alipay following completion of the client call. The company has a good online reputation prompt payments.

Once you’ve created a profile with Capvision, you’ll likely start receiving regular invitations to participate in additional projects.  Be sure to keep your profile up to date as you change jobs or add skills and expertise so that your name is at the top of the pile for the most relevant projects.

You can submit your profile to Capvision here.

Techspert.io Review

Have you received an invitation to participate in a paid consulting opportunity with techspert.io via an email, phone call or LinkedIn message?  Wondering if this is a legitimate opportunity or perhaps a scam? Our Techspert.io review will shed some light on what to expect and how to land high paying hourly consulting projects.

What is Techspert.io?

techspert.io logo

Techspert.io is an expert network – a rapidly growing industry that facilitates primary research into products, companies and markets.  Techspert.io connects investors and management consultants looking to quickly perform in-depth research with experts in the field, such as doctors, scientists or businesspeople.  

Like many expert networks, techspert.io’s primary product offering is the one hour ‘consulting call’ between the client and the subject matter expert.  During these calls, the client will want to rapidly take a deep dive to gain your perspective on how things work, get your opinion on key players, and your thoughts on how trends will play out.  Rates for an hour of your time on a techspert.io consulting call generally start at several hundred dollars per hour and soar substantially beyond that for highly accomplished or in-demand experts.  The company also facilitates paid surveys.

Based in Cambridge, England by two University of Cambridge alumni, Graham Mills and David Holden-White, both of whom started their careers in life sciences.  The firm was originally named Biotechspert, reflecting its focus on biotechnology and healthcare.  However, it rebranded itself techspert.io as its industry coverage broadened. 

techspert.io is one of several emerging expert networks (along with Atheneum, proSapient and NewtonX) that tout their use of artificial intelligence to better identify potential experts and categorize their areas expertise.  

In 2021, techspert.io announced a $12 million funding round from BGF and Nauta Capital; this follows $6 million in previous venture capital investment.  The company claims to have recorded more than 150% annual growth in 2021 and recently opened its first international office, in Texas.

Is techspert.io a scam or a legitimate opportunity?

techspert.io is not a scam.  The six year old company is a rapidly growing expert network, which connects its clients – typically investors or management consultants – with subject matter experts.

Most commonly, your introduction to techspert.io will be an email or LinkedIn message from an associate, asking you to participate in a highly paid one hour phone call their client.  While this opportunity may sound too good to be true (and you should always use caution when responding to strangers on the internet), it may just be your ticket an easy, engaging and lucrative source of secondary income.  

Occasionally, you may receive a project invitation that seems wildly off-the-mark, which some have dubbed ‘techspert.io project spam’.  The company relies heavily on its AI software to source experts, though it sometimes produces inaccurate results.  Some simple fine-tuning to your LinkedIn profile can help reduce project spam and help you get noticed for more high-paying project opportunities with techspert.io and other expert networks.

What to expect if you consult with techspert.io

techspert.io reviews
techspert.io has garnered mostly positive online reviews

techspert.io’s AI software continuously scans a wide range of online data sources to identify potential experts and categorize their expertise.  The company claims to have over 200 million experts in its network, though it has likely interacted with just a tiny fraction of a percentage point of them. While it may incorporate data from a large variety of sources, LinkedIn is still probably the most important and likely the venue where an associate will first try to connect with you.

If it looks like you may be a good fit for an active project, the associate invite you to a brief phone call to tell you a bit more about techspert.io and the project they are working on, as well as learn a bit more about your background and qualifications.  Keep in mind that the associate generally has very limited knowledge of the topic that the client is researching.

If you’re interested and it looks like you may be a good fit for the client’s requirements, the associate will invite you to fill out a profile and project questionnaire, where you’ll need to provide specific one or two sentence answers about your experience with the research topic of the project.  In addition, the associate will ask you to set your hourly rate for the call (more on that in a moment!) and provide a handful of time slots that are convenient for you.  It may take you an hour or so to set up a profile and apply for your first project, but from there responding to additional invitations should only take you 5 – 10 minutes.

The associate will present your information, along with other profiles, to the client.  They’ll often select a number of people to talk to so that they get different perspectives.  If you’re selected, the associate will send you a calendar invite during one of the time slots you’ve provided and it’s off to the races.

If you weren’t selected for the project, don’t worry— now that your profile is in the techspert.io system, you’re more likely to be contacted for future projects. In the meantime, you can increase your chances of being chosen for a project by following these tips.

Setting Your Techspert.io Hourly Rate

One of the most appealing parts of consulting for techspert.io is the high hourly rates that you can charge.  You’re providing valuable information that often is a meaningful factor in a multi-million dollar decision, so clients will gladly pay hundreds of dollars (or more) for an hour of your time without blinking an eye.

There are a number of factors that go into the rate that clients are willing to pay to speak with you, but the two key ones are how much of an authority are you on the topic and how many other people could they find with similar expertise.  If they are determined to speak with a former senior finance executive of a specific company and you are the only person who fits that criteria, you’ll have significant leverage in setting your rate.  However, if there are dozens or hundreds of people with similar expertise to you, the client will usually look to speak with experts with more affordable rates (and the associate will often steer them in that direction).

So, with that, some rules of thumb:

For early career professionals, you’ll generally land the assignment at $100 – $200 per hour; director level or similar professionals can expect $200 – $300; more senior executives  often command rates of $350 – $700. Some experts can command fees of  $1000 or more an hour, however, those rates are uncommon and are generally only available to elite-level experts, such as Fortune 500 executives, specialized surgeons or former elected officials. It’s not a bad plan to start out at a more moderate rate to build a little bit of a track record, then negotiate a higher rate for further calls.

For paid surveys, you’ll be presented with the fee when you are invited to participate; $40 – $70 is typical for a 10 – 20 minute survey.

How to ace your techspert.io consulting call

One of the best part of consulting with techspert.io is that your work requirements are extremely concise and compact.  You don’t need to do anything to prepare (though infrequently clients will send you something to review and discuss on the call) and once you hang up the phone, your work is done – there is no follow up and no deliverables.

Calls tend to be highly conversational, and about work that you’ve been doing for years and likely know like the back of your hand.  What may be droll and mundane for you, such as talking about purchasing decisions or budget allocation, can be thrilling nuggets of information for the client.  

You can expect that the client has come prepared with specific questions as a result of their own in-depth research on the topic they’ve contracted you to speak on. Clients use expert networks to rapidly download industry knowledge (via your many years of experience!) in order to confirm or challenge their understanding of a company, industry, or product of interest.  Your insights are usually a key component of a strategic or investment decision.

Prior to the call, you will be asked to review techspert.io’s compliance policy and brief compliance training to make sure you understand that no propriety or confidential information can be shared during the call.  You’ll often be asked to affirm that you understand the compliance policy at the start of the call as well.  

This is for both your protection and the client’s.  Though the expert network industry was marred by a major insider trading scandal over a decade ago, it has long since developed stringent compliance policies and procedures.   Clients are tightly monitored by their own firms and don’t want to receive non-public information which could prohibit them from making a planned investment or lead to disciplinary action within their firm.  If you are unsure if a piece of information is ok to share, simply say so and they will gladly move on to the next question. 

What’s Next?

Techspert.io payments are made via ACH via TransferWise.  The company has a good online reputation for prompt payments.

You’ll likely start receiving invitations to participate in additional techspert.io calls and surveys.  Be sure to keep your profile up to date so that your name is at the top of the pile for the most relevant projects.

If you’re not already working with techspert.io and would like to join their expert database, you can register as an expert here.