Note: On the spreadsheet, the editor’s total cost will be automatically calculated once you insert your total word count and the editor’s per-word rate. If you’re given a per-page rate, you can calculate a per-word rate by assuming the industry standard of 250 words per page, e.g., $3 per page equals $3 per 250 words. Dividing 3 by 250 equals $.012.
For editors who are charging pennies for what should be hours and hours and hours worth of work: I am saddened that you would ruin the market for those who have the expertise and ability to charge what it’s worth. You see, an author whose book needs a whole lot of help will see your rock-bottom prices and think that’s the norm. But the reality? That’s not normal. It’s not normal to charge sweat shop rates for something that requires top-notch quality.
Developmental editing (may also be called structural or content) – looks at the book’s big picture and overall structure in nonfiction or plot and characters in fiction. Developmental editors may assess a book idea, outline, or early draft to tell authors what works and what could be better. The big picture questions need to be answered first before an editor ensures your words are polished and used correctly.
Inspect the spine of the book and look for a smaller name under the author. Turn the book over and look at the spine—the thin side of the book where the pages are bound to the cover. If there are multiple names on the spine of the book, they are always ordered with the author’s name first, and the editor’s name after it. On most books, the editor’s name will be smaller so that a passerby can quickly tell who the author is.
Another place to find professional editing service is the team at Ebook Launch. They have a team of professional editors who can polish your book for an affordable price. You can even get a free sample edit of 750 words to help you decide if they're a good fit. The small team at Ebook Launch also provides amazing book cover designs and formatting in addition to their editing service.
It’s difficult to answer this question without first addressing what an editor actually does. Editors can review the content of your writing (characterization, pacing, plot, etc.), which is often referred to as content editing; the form of your writing (the grammar, the punctuation, etc.), which is often referred to as copyediting; or both. (By the way, proofreading is indispensable, but it’s the final step of checking for typos and other glitches once the book is ready for print—any writer who thinks that proofreading is editing is in grave danger of getting ripped off.)
Lots of authors I know have a hard time finding an editor because they feel that they want to “know” their editor. This is understandable when you’re entering into a developmental relationship, but copyediting and proofreading are much more technical skills. The best copyeditors and proofreaders I know are freelancers who are hard to find because they’re working for publishing houses, and the only people who have access to them are companies and/or individuals with stables of editors they’ve cultivated over years in the industry. If you find a service (or individual) you trust with access to a stable of editors, be open to being assigned to one. Ask about the individual’s qualifications, and what other books they’ve edited, but let the trial edit be the deciding factor rather than any connection you hoped to have between yourself and your editor.
It’s always sensible to follow due diligence in submitting your first draft of your book to an editor by making as fool-proof a copy as possible for you because first, it is your own creation, and secondly, a horrid draft sent your editor can end up frustrating both you and him or her. Make your own corrections to the extent you can, so that will make the job of your editor that much lighter and the end result would be a lot more effective.