Consulting Services…

So I just added a page to the website that covers consulting services. I’ve debated about doing something like this for over a year now, but there were some reasons I hesitated.

First was that the people who’d approached me about this generally were looking for someone to manage their AMS ads and I just don’t think that’s feasible for most authors. I love AMS and I would have very few sales without them, but they just are not that predictable. And, honestly, not all books sell well with AMS. So I could never see how to charge for that and have it be fair to both the author and myself.

(What I can do though is help find keywords for a new ad or give feedback on an existing sponsored product ad, for example.)

Second was the pricing issue. I knew that what I charge for regulatory consulting and so am used to receiving for “consulting” is far more than most people would be prepared to pay. And even though I’m willing to accept very low hourly income while I get my writing business launched I wasn’t sure if I could do the same for consulting. So I compromised. You’ll see that the rate I’m charging is not low. ($100/hour) But it’s also not even close to what the financial institutions I’ve consulted for have paid. I’ve also carved out regulatory and compliance consulting from that rate because of the legal implications involved with that kind of work. I’m not willing to do that kind of work without a team that includes at least one lawyer who reviews everything I do even if I do the bulk of the work.

Third was the “who do I want to be” issue. I want to be a writer. I want most of my time to be spent on creating new material whether that’s a non-fiction book, a novel, or a video course. I don’t want to become one of those people who gets sucked into doing classes and teaching others and stops doing the creative work themselves. So I’m going to be limiting the amount of this work I do.

There were a lot of reasons I hesitated to do this, but at the same time…

I see so many people who could use just a little bit of help to get unstuck. One thirty minute conversation could save them hours of research or keep them from going down the wrong path.

Or maybe they’re like me when I first started and they just want someone to take a quick look at their writing and say, “Is this good? What mistakes am I making?” I don’t want to be an editor, but I’d be happy to spend 25 minutes reading something someone has written and then giving them my honest (perhaps brutal) feedback. When I was getting started I spent $1,000 to get an edit on my first novel to get that kind of feedback and I honestly think it was way too much money spent for what I got. But there weren’t a lot of good alternatives. And peer critique is only as good as your peers.

(Now, you could argue I’m no better for that than anyone else. And that’s fine. Don’t use my services if you don’t think I can provide value.)

So we’ll see where this goes. It’s possible no one will want my help and that’s okay. But I look at, for example, Excel for Budgeting or Excel for Self-Publishers, and I think that there are people who could benefit from what’s covered in those books but who just don’t have it in them to wrestle with Excel that much. This is my stop-gap attempt to fill that void. (Without getting so busy consulting that I have no time left for the writing.)

If you want to see more about the nitty gritty details, click here. And if you think I can help, reach out.

Also, don’t think this means I won’t answer questions via email anymore. I most definitely will. This is for when we get beyond “How do I X?” to “Can you walk me through how to do X?” or “Can you do X for me?”

Author: M.L. Humphrey

I am a former securities regulator, registered stockbroker (although only briefly), and consultant on regulatory and risk-related matters for large financial institutions with expertise in the areas of anti-money laundering regulation, mutual funds, and credit rating agencies. Since 2013 I have also been a published author who writes under a variety of pen names across non-fiction, fantasy, and romance.

2 thoughts on “Consulting Services…”

  1. I keep debating if I want to start offering my services as an editor, but I find myself in a similar debate as you, especially the “do I want to do this and take away from my writing/creative time?” argument. The jury is still out.

    I hope this endeavor goes well for you 🙂

    Liked by 1 person

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