Those of us who shop really need to get a handle on what is a fair rate and then use that information to be able to value the services we provide accordingly.
Entrepreneur magazine recommends determining an hourly rate, calculating the time required for a task, then doing the math. This is contrary to the way that I (and I suspect many others) have been working. I know I am guilty of mistakenly settling for what the MSP offers, or -- at best -- what the MSP will pay, if the shop fee has been negotiated. For experienced shoppers this is almost funny! Have YOU ever gone into a store and told the store how much YOU want to pay for their products? OF COURSE NOT!!! We need to determine how much our time is worth. In order to do that, we need to know how long a shop takes or should take. Although I have compiled some information (below) based on my best guestimates, it might be helpful (for everyone) to have some general idea of what is normal. In this way, I may be able to identify, for example, if I spend too much time executing a shop -- compared to other shoppers.
I would be happy to compile this information and make it available to all shoppers who request or reply to this post, but need your input. I do not do every kind of shop and the time shown in the table below is based on my guesstimates of the time I spend on these tasks.
Some general questions to determine your level of shopping:
What certification, if any, do you have?
How long have you been mystery shopping?
How many shops do you average in a month?
What is the average fee paid for your shops?
How far will you travel (on average) to mystery shop?
How much time do you spend on Administrative work (reading emails to find desirable shops, applying for shops, scheduling your work, maintaining your shop log, banking, dealing with equipment/transportation issues, etc.)?
Please provide information (as shown below) for the amount of time you spend Mystery Shopping. This includes Preparation (reading/reviewing scenario, guidelines and survey questions); Shop Execution; and Reporting. DO NOT INCLUDE DRIVE TIME.
WRITTEN SHOPS
Kind of Shop - Approximate time in Minutes: Preparation / Execution / Reporting:
Apartment (targeted, appointment required) very detailed - Prep: 30 / Exec: 60 / Rept: 120
Apartment – medium detail - Prep: 25 / Exec: 60 / Rept: 60
Apartment – minimum detail - Prep:20 / Exec: 60 / Rept: 30
Bank (teller only) - Prep: 10 / Exec: 10 / Rept: 10
Bank (teller + platform) - Prep: 15 / Exec: 20 / Rept: 20
Bank – account opening/mortgage/loan scenario (elaborate) - Prep: 20 / Exec: 30 / Rept: 20
New Auto with test drive - Prep: 30 / Exec: 60 / Rept: 40
New Auto without test drive - Prep: 15 / Exec: 45 / Rept: 30
Retail (one item - hard goods) - Prep: 10 / Exec: 20 / Rept: 15
Retail (two items – hard goods) - Prep: 15 / Exec: 45 / Rept: 30
Automotive Service - Prep: 15 / Exec: 60 / Rept: 20
Clothing/Shoes/Accessories, other soft goods - Prep: 15 / Exec: 30 / Rept: 20
Fast Food - (I don't do, so I don't know)
Restaurant - Prep: 20 / Exec: 90 / Rept: 40
Senior Living - Prep: 20 / Exec: 90 / Rept: 45
Grocery - Prep: 10 / Exec: 60 / Rept: 15
Shop by Phone - Prep: 10 / Exec: 15 / Rept: 10
Cell Phone - Prep: 15 / Exec: 30 / Rept: 15
Purchase/Return - Prep: 15 / Exec: 45 / Rept: 30
Add other shop types as necessary in your post and please provide the time in minutes for Preparation/Execution/Reporting.
For demographics:
Your Age:
Your Gender:
Your State:
Entrepreneur magazine recommends determining an hourly rate, calculating the time required for a task, then doing the math. This is contrary to the way that I (and I suspect many others) have been working. I know I am guilty of mistakenly settling for what the MSP offers, or -- at best -- what the MSP will pay, if the shop fee has been negotiated. For experienced shoppers this is almost funny! Have YOU ever gone into a store and told the store how much YOU want to pay for their products? OF COURSE NOT!!! We need to determine how much our time is worth. In order to do that, we need to know how long a shop takes or should take. Although I have compiled some information (below) based on my best guestimates, it might be helpful (for everyone) to have some general idea of what is normal. In this way, I may be able to identify, for example, if I spend too much time executing a shop -- compared to other shoppers.
I would be happy to compile this information and make it available to all shoppers who request or reply to this post, but need your input. I do not do every kind of shop and the time shown in the table below is based on my guesstimates of the time I spend on these tasks.
Some general questions to determine your level of shopping:
What certification, if any, do you have?
How long have you been mystery shopping?
How many shops do you average in a month?
What is the average fee paid for your shops?
How far will you travel (on average) to mystery shop?
How much time do you spend on Administrative work (reading emails to find desirable shops, applying for shops, scheduling your work, maintaining your shop log, banking, dealing with equipment/transportation issues, etc.)?
Please provide information (as shown below) for the amount of time you spend Mystery Shopping. This includes Preparation (reading/reviewing scenario, guidelines and survey questions); Shop Execution; and Reporting. DO NOT INCLUDE DRIVE TIME.
WRITTEN SHOPS
Kind of Shop - Approximate time in Minutes: Preparation / Execution / Reporting:
Apartment (targeted, appointment required) very detailed - Prep: 30 / Exec: 60 / Rept: 120
Apartment – medium detail - Prep: 25 / Exec: 60 / Rept: 60
Apartment – minimum detail - Prep:20 / Exec: 60 / Rept: 30
Bank (teller only) - Prep: 10 / Exec: 10 / Rept: 10
Bank (teller + platform) - Prep: 15 / Exec: 20 / Rept: 20
Bank – account opening/mortgage/loan scenario (elaborate) - Prep: 20 / Exec: 30 / Rept: 20
New Auto with test drive - Prep: 30 / Exec: 60 / Rept: 40
New Auto without test drive - Prep: 15 / Exec: 45 / Rept: 30
Retail (one item - hard goods) - Prep: 10 / Exec: 20 / Rept: 15
Retail (two items – hard goods) - Prep: 15 / Exec: 45 / Rept: 30
Automotive Service - Prep: 15 / Exec: 60 / Rept: 20
Clothing/Shoes/Accessories, other soft goods - Prep: 15 / Exec: 30 / Rept: 20
Fast Food - (I don't do, so I don't know)
Restaurant - Prep: 20 / Exec: 90 / Rept: 40
Senior Living - Prep: 20 / Exec: 90 / Rept: 45
Grocery - Prep: 10 / Exec: 60 / Rept: 15
Shop by Phone - Prep: 10 / Exec: 15 / Rept: 10
Cell Phone - Prep: 15 / Exec: 30 / Rept: 15
Purchase/Return - Prep: 15 / Exec: 45 / Rept: 30
Add other shop types as necessary in your post and please provide the time in minutes for Preparation/Execution/Reporting.
For demographics:
Your Age:
Your Gender:
Your State:
