I was doing virtual world consulting I would attempt to fix price the project rather than going hourly. If I used my standard salary as a software engineer and the above formula then I would be billing at over $200/hr. Not that easy to get even in fields I have decades of experience in. What I might do instead is offer VW consulting in areas I am comfortable in at my normal software consulting rate and only do these things as a part time side gig until I had more of a name.
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