Do speakers charge a flat fee or by the hour?

Speaker fees can vary depending on factors such as expertise, demand, and event specifics. While some speakers may charge a flat fee for their services, others may have hourly rates. It’s best to discuss fee structures directly with the speaker or their representative to understand the pricing model.

Is it less expensive to hire a speaker for a virtual event than for an in-person event?

Virtual speaking appearances can indeed offer cost savings compared to in-person events. Virtual speaking rates are often 10-50% cheaper than in-person rates due to factors such as reduced travel expenses and logistics. This makes virtual events a cost-effective alternative for organizations looking to book speakers within a budget.

What is the typical duration of a keynote speech and what is included?

Keynote speeches typically range from 30 to 90 minutes, with the duration determined by the speaker’s expertise, the event’s agenda, and audience preferences. Keynote speeches often include a combination of inspirational stories, practical insights, and actionable advice tailored to the event’s theme or objectives.

Does the scale of the event and audience size affect a speaker’s fee?

The scale of the event and audience size can indeed impact a speaker’s fee. Larger events with a broader reach or higher attendance may command higher fees due to increased exposure and demand. Conversely, smaller events or niche audiences may offer opportunities for more flexible pricing arrangements.

Travel expenses and other costs

Travel expenses such as transportation, accommodation, and meals are typically negotiated separately from the speaker’s fee. These costs vary depending on the speaker’s location, travel distance, and event duration. It’s important to clarify travel arrangements and expenses during the booking process to avoid misunderstandings.

Deposits and securing a booking

Many speakers require a deposit to secure a booking, with the remaining balance due closer to the event date. Deposits are often non-refundable and serve as a commitment from both parties. It’s advisable to discuss deposit requirements and payment terms with the speaker or their representative when finalizing the booking.

Additional tips and takeaways

Virtual speaking appearances are a cost-effective alternative to high speaking fees, often 10-50% cheaper than in-person rates. There is typically no difference in fee for a 15-minute speech versus a 60-minute speech. Some motivational speakers are open to discounting their fee if hired for more than one event by the same organization. When browsing speakers, consider their location to keep travel costs down. Personal connections to your organization or event location can increase your chances of securing a renowned speaker. Be upfront about your needs and expectations to ensure a successful partnership. Speaker bureaus like Speakers Inc help guide you through the booking process to negotiate the best deal with favorable terms. Ready to find the perfect speaker for your event? Use our advanced search feature or contact us to get started today!

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Nolo Mokoena: Business Innovation

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Nolo Mokoena is a Creative Solutionist, Nolo Mokoena is the co-founder of several innovative start-ups such as Storage Wards Solutions and South Africa’s first online house music publication, The Set Magazine.

Previously an Associate Manager at Procter & Gamble, Nolo currently focuses on advertising for the youth voice, and creating youth-led and youth-focused enterprises that truly empower from the ‘bottom up’.

As a student leader at the University of Pretoria, he serves as the Chairperson of the Young Economists Society and Vice-Chairperson of the faculty, whilst later making contributions as Projects Head for the Student Sports Committee.

In his final year, he founded The Heritage Talk Series in partnership with the Department of Student Affairs.

Nolo Mokoena | Business Innovation

Nolo’s key interests lie in innovation and strategy; mediation and dialogue, youth development and agricultural reform.

A recent alumni of the South Africa-Washington International Program (SAWIP) in 2014, he spent his summer in work placement at the Michelle Obama-endorsed High Achievement, an education-focused NGO in the Washington D.C metropolitan area – focusing his efforts on the NBL’s Washington Nationals’ Youth Program.

Nolo is also a recent fellow of the ISFIT Dialogue Groups in Norway, which was hosted by the Nansen Centre for Peace & Dialogue and Trondheim University.

Aside from his entrepreneurial ventures, he hopes to grow as a social innovator – making a considerable contribution, providing alternative solutions in both private and public sectors of society.

Nolo Mokoena – Business Innovation is both an opinion writer on News24’s Voices platform and a TEDx speaker and he is a continual contributor to various organisations and publications through various mediums.

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Nolo Mokoena: Business Innovation

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Nolo Mokoena | Business Innovation

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