How Much is Your Time Worth?

[Broken Arrow]

Well, I agree about scaling pay for specialized knowledge and expertise.

However, the OP's specific words are, "There is a trusted company online that will offer you $100 per hour to compare prices of 15 computers online."

Prices.

That does not sound like it requires expertise.

I suppose one can argue about product breakdown analysis requiring knowledge and expertise, but then, I guess all this is conjecture until the OP can enlighten us on the business model behind this "trusted" online company.

[cschin4]

This is often an interesting discussion. And, most people think they are worth waaayyy more than they really are. In reality, you are "worth" what someone is willing to pay you at the time. You could be "worth" $100 hr this year and worth minimum wage next year. It really depends. As for your scenario. It makes assumptions that you will be able to continually meet the maximum standard you set for yourself. For those who are self employed, this are not this simple. Work comes and goes or glitches
happen. To be self employed, as I am, one needs to make about 40% MORE in salary than before just to break even to cover the costs of expenses, bennies, and so forth. In self employment, you lose any bennies of vacation time, sick time, etc so you have to be careful not to undervalue as it costs more to be your own business than you think.
So, I wouldn't accept an offer that doesn't have a guaranteed weekly salary unless I was up for the challenge and prepared that I might make less than I think and so forth.

[Justice44]

Re: How Much is Your Time Worth?

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Yeah, that is why I'm not sure I was understanding the question.

That would make no sense, why work 60 hours in something else if you can make 100/hr on this one?

If you make $300 per hour on your full time job, this opportunity may not be worth your time. Afterall, you are not getting paid more per hour compared to your regular full-time job. However, if the opportunity only paid $20 per hour, it may not be worth your time.

[Justice44]

RE: How Much is Your Time Is Worth?

Well, I agree about scaling pay for specialized knowledge and expertise.

However, the OP's specific words are, "There is a trusted company online that will offer you $100 per hour to compare prices of 15 computers online."

Prices.

That does not sound like it requires expertise.

I suppose one can argue about product breakdown analysis requiring knowledge and expertise, but then, I guess all this is conjecture until the OP can enlighten us on the business model behind this "trusted" online company.

The online company has a wage hour compensation system. You perform you get paid.

[disneysteve]

Obviously, the answer will vary from person to person based on their regular income, and even vary for the same person. As BA mentioned, I regularly do surveys that pay me about $100/hour or more. Even so, sometimes I pass on the survey offers because at that moment, my time is more valuable to me than the money. At other times, I will do surveys that pay very little, like Pinecone, just because I've got nothing better to do at that moment and don't mind doing the survey.

As for this particular scenario, I would not accept this offer simply because I could not commit 2 hours/day, 7 days/week to the activity.

[eileen1]

Some interesting thoughts here. I think it would depend both on what you "cleared" at your other job, and what state of life you were at. If you had a lot of high medical bills you might want to "hunker down" and do anything extra you could till the bill is paid off. If you had a thirteen year old getting in trouble at school, those hours would likely be better spent at home with him.