We may be talking about different services. I’m referring to a full read that usually creates a 5-10 page edit letter–no in-line editing. Or, perhaps we’re just working in different corners of the market. I’m around those who are freelance editing pre-query for writers hoping to traditionally publish their genre fiction, not the kind of rigorous editing a self publishing author would need, which should rightfully be much more expensive! It’s true that most people doing freelance editing at the lower rate/rigor aren’t doing it full time. It’s an optional step for those traditionally publishing, and the prices reflect maintaining access for those writers, I believe.
I would absolutely encourage authors to find someone who fits their budget, offers payment plans and will work with them to get the services they can afford (some authors might be able to get away with just a manuscript evaluation, for example) I have to agree with the previous comments. Someone who is working for two bucks an hour can’t possibly be a professional, no matter how fair their prices, and that does not bode well for your end product.
The quotes I posted are for a specialized genre – romance. These books are shorter than many other types of fiction and yes the editors are professional. Many do this as a favor to authors they love and work with in publishing houses…so they lower their rates for private work. Over time of course, their rates increase but the prices I quoted for my industry only.
There are a lot of editors out there with no actual editing experience working with a publishing company, newspaper, journal, or other business that requires a high level of expertise and provides training for editors. Without working in such a position, it’s very difficult to obtain and master the skills required to become a great book editor. It’s not impossible, but it is unlikely.