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I like the idea of embedding “fine print” into the initial email. I also think it’s a good idea for an author to check references; the questions Val suggested are great. Third, as another commenter said, an editor can give the author a general assessment of their book, which will help the author decide if that particular editor will be a good fit or not.
It can take some time to find the right editor, so you may want to start asking around even before you have a text that is ready to send. If you know a fellow author who can recommend someone, that’s wonderful, but if not, it’s fine to poke around the websites of some editors and see who appeals to you (and seems to work within your genre). Then contact them by whatever method they request (often a contact form on their site).
After writing some of the book or a first draft of a book, some authors decide that they need more than an editor; they need a writer to take their writing to the next level, in order to get published or reach the level of sales they aim for. I can refer aspiring authors to excellent, experienced co-writers, book doctors and ghostwriters, some of whom have worked on New York Times Bestsellers and other award-winning books. Find out more about ghostwriting services.
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.
I was going to tell Blake that his figures are actually a little low. The EFA uses lower prices than Writer’s Market (which is what I use as a starting point for my pricing). Two tenths of a cent (.002) per word? That comes out to $100 per 50,000-word book. It’s a rare editor who can accurately process 50,000 words a day, so that would be dooming an editor to living off of about $50 a day. If an editor is earning such low amounts per book, then one of two things is happening: that editor has someone else to pay the bills (thus not needing a real income), or that editor is blowing through books far too quickly in an attempt to earn enough money to survive, and is leaving errors—in which case it’s pointless to hire that editor. Undercutting on prices is unethical and it hurts everyone in the industry. I would not trust that editor. Anyone who pays such low prices is exploiting another person, which is also wrong. Authors, be prepared to pay fair prices. Editors, charge enough to survive and don’t undercut the industry standards, because you’re causing harm to everyone in the field, including yourself.
“Build my house, but don’t waste time making sure anything you do is done in the normal way things are automatically done (up to code). I don’t need any of that.” Doing things the way they are automatically done does not cost more, and it doesn’t take more time. On the contrary, trying to do it in some other fashion—making up a new way to do it—would take more time. Furthermore, the results would probably be a disaster.
Second, consider getting a critique before you decide whether you need to pay for a full copyedit. I (and probably many other editors) will read your manuscript and write a several-page critique for much less than the cost of a line-by-line edit, and if your mechanical skills are reasonably good, this may be sufficient to help you get it into adequate shape for your publication plans.
Every author must decide what is important to him or her in an editor, but in these days of electronic communication, honestly I do not think it is important to seek a local editor unless your book is specifically related to something of local interest. Even in that case, you may benefit from the perspective of someone who does not have all the local knowledge it can be easy to presume, so that you can prepare your book for a wider audience.