I am not without sympathy when some new authors get “sticker shock” upon hearing an estimate for my editorial services, and I am actually relatively affordable. (Most reasonably well-written novels would not cost even close to $3000 for me to edit, let alone $5000.) I also offer generous installment plans and discounts for bundled services. But there is a limit to how low I can go.
A very helpful article, thanks! I’ve been trialing editors for my current romance WIP, including industry stalwarts from The Big Four, to freelancers and hobbyists, *budget* options and the gurus who cost a pretty penny. From 9 to 5 I’m an editor myself, so it’s been great experiencing the process from a writer’s perspective. I’ve documented some tips below on what to look for in an editor (and what should send you running) , which you might find interesting.
If neither Sally nor myself feels quite right for you, then I suggest you browse the bookstore or even the public library for books published in the last few years that remind you in some way of yours. Check the Acknowledgments page to see if they thank an editor. If not, see if there is any information to contact the author and ask if they used a freelance editor and if so, would they recommend them.
The romantic myth of an author sitting alone in their room and emerging with a finished book is just that: a myth. Writing is a tough skill to master. Good books are the product of talent, craft, revision and more revision. Like all creative arts, writing requires critique from knowledgeable professionals who can make suggestions and provide direction from a perspective most writers can’t obtain on their own. From developmental editing — with advice on story and structure — to copy editing and proofreading, working with a range of book editors is absolutely crucial when writing a book. But where can you find the professionals with the right experience in your genre to take your story to the next level?

As for multitasking, believe it or not, I try to schedule so that I am only working actively on one book at a time. Research keeps showing that “multitasking” is actually less efficient, because of the time lost to leaving behind one task to restart another. (Think of it this way: If you take on two clients at once for work that would take one week each with your full attention, either you can tell both clients the work will be done in three weeks because you’ll be alternating between them, or tell one client it will be done in one week and one that it will be done in two weeks, because you’ll complete one before you start on the other. Which of those makes more sense?) Obviously, with back-and-forth communications, sometimes complete “monotasking” is impossible, but I think it should be considered the ideal.

So because of this and because I don’t live in NYC or LA, I decided I may have better luck writing a book, which I have been doing for several months now and enjoy; however, I know it needs work and I can’t go back to the 5th grade and pay better attention to the simple “put your period here and comma there” lessons so I was hoping to learn as I go with reading, writing and seeing my finished product after hiring an editor.