I do developmental editing mostly, so I charge a flat rate to read once and build an action plan, half before and half afterwards. Then we contract to work through the plan, where the bulk of the editing takes place and for this I charge 25% up front, 50% after the developmental edit, and 25% on completion of the final proof. I find that authors appreciate the spread payments and the transparency this brings.
Not that I’m not looking forward to seeing the author’s work. I am. Seriously, I am! Book editing, despite the sticker shock first-time authors often get when they hear the estimate, is not a profession anyone enters in hopes of getting rich. I truly love helping a writer make his or her work the best it can be, and I’m always eager to get started. But I realize the task of writing takes time, usually more time than the author (even many an experienced author) expects.
The U.S. Bureau of Labor Statistics states that employment of editors is expected to have little change up to 2026, as print media continues to face strong pressure from online publications. Editors who have adapted to online media and are comfortable writing for and working with a variety of electronic and digital tools will have an advantage in finding work.
In fact, Pressfield writes, “Resistance is experienced as fear; the degree of fear equates to the strength of Resistance. Therefore the more fear we feel about a specific enterprise, the more certain we can be that that enterprise is important to us and to the growth of our soul. That’s why we feel so much Resistance. If it meant nothing to us, there’d be no Resistance.”