Expert Networks facilitate phone discussions between their clients and experts in different types of fields. This enables consultancies, businesses and investors to tap into very specific knowledge on short notice, extracting key information relevant to their specific needs. An average expert can expect to earn between $100 to $500 per hour working on an ad-hoc basis when available. Formal qualifications are not needed to join an expert network, it’s more important with professional experience in a particular domain.
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Expert networks typically pay their consultants through a web portal. They also offer direct deposit or check payments, and the payments are typically received within two weeks and, in some cases, even sooner.
The demand for expert information grows as more trends emerge and consumers become more informed. However, there is a danger of being exposed to non-public information from clients. Violations of compliance rules can lead to permanent expulsion from an expert network. This is especially true if the client asks you for secret or non-public information. Although you may feel inclined to share confidential information with a client, it is better to err on caution and tell them you don’t have the answer.