Expert Insight is a new business that aims to create a market for personal advice from experienced professionals. Experts sign up with the site, put down the rate they’ll charge for an hour of their time (a few keep this amount private), and then buyers are able to find them. If they agree to the price then they’re given the experts’ email address and set up a Skype style video conversation with them. The site is currently dominated by Chess Masters, Poker Champions, Economists and Sports Coaches. Slate’s Annie Lowrey notes that while some experts such as Nobel Laureate Gary Becker charge up to $5000 for an hour of their time, many people pay far more in tuition at universities. At least on Expert Insight they are not constrained by a course syllabus and do not have to share their time with other students. At any rate some experts can be had for as little as $100 an hour. Thus far the site has more people selling their time than those buying it. Read more of Slate’s coverage on the new service here, and you can try it out for yourself here.
Source: Expert Insight