The expert is paid an hourly rate. In both of the fee models, the expert network company makes money on the difference between what they charge the client and pay the expert. An independent expert will set their own rates, but will likely still work under one or both of these models.
How do expert networks work?
The experts may provide a subscription- or transaction-based fee model. In the subscription-based model, the firm will access have regular access to experts for a flat fee. The experts are then paid an hourly rate by the expert network company for work completed.
What is an expert network platform?
An expert network platform is a marketplace where you can hire vetted subject-matter experts for 1:1 consultations on a variety of topics. The calls are usually ad-hoc in nature and are expensive. Individuals and businesses rely on expert networks when they need very specific answers to oftentimes very nuanced questions. To summarize:
