An edit is a business transaction. This means that money will exchange hands. Therefore, you need to approach the edit as both a writer and a businessperson (an increasingly common role in the age of self-publishing). Compare the deals you’re offered. Editors with brand-name backgrounds might offer less user-friendly terms (such as hourly rates, which are less predictable than fixed contracts), while less established professionals might offer discounts and extras (such as book formatting and publishing consulting). Don’t be afraid to ask. Hiring an editor is a professional investment. A sample edit will allow you to estimate the value of the service, but never forget about the price.
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.
Blake, that’s wonderful info. Thank you. I completely understand the response about guaranteeing the work. That was just something that popped in my head as I read a book written by a screenplay consultant I hired years ago and he wanted a review so I read it to help him out but found maybe 5 or 6 error’s myself in the 200 page book. I felt like it was unprofessional but didn’t have the heart to tell him. But the errors stuck out like a sore thumb so I was curious if that is normal or not.
These reference choices will all be recorded on a style sheet – an essential editing tool. A style sheet contains notes on spelling and punctuation, as well as rules for using numbers and numerals, and even a list of characters and story details that help maintain consistency throughout the book. When the book is passed off to a proofreader, the style sheet communicates the book’s individual style to the proofreader.
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If you instead decide that self-publication really is the right option for you and your book, this means that you have chosen to serve as both the author and the publisher. That means that you will have to (A) perform yourself, (B) find friends who will perform for free, or (C) hire professionals to perform all the tasks of a traditional publisher, from editing to marketing to distribution, all on top of performing the tasks of the author.
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Hey there! In my experience (as a freelance developmental fiction editor with friends in the same profession), developmental is actually the cheapest option–I think you may have made a decimal point error 🙂 The going rate in my corner of the edit-verse is around $0.008/word, not $0.08, which means a 70,000-word edit will be $560 or so. It’s possible this is different across genres, though! Just wanted to drop a note so any aspiring budget-minded fiction writers out there can take heart .
I’m sorry you feel that way about my participation in the discussion and defending editors of similar background to myself from what I considered unwarranted disparagement. Perhaps the only approach that would have 100% proof against accusations of “trolling” would have been to allow the claims to stand unchallenged, but that did not seem fair to people who come here to get useful information.
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.
Great article, Blake. I often receive ‘undercooked’ manuscripts from writers. Two other points come to mind: 1) Budgeting for an editor is important. You should start putting some money aside for editing fees whilst you’re still writing your first draft (preferably tuck it into an interest-earning account!). 2) Don’t leave it too late, either. Often writers don’t realise that editors are booked up several months in advance. Start contacting editors whilst you’re still at the self-editing stage or have your MS with beta-readers, to find out what their availability is.