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 .
Absolutely, Tom. Encrusted oldie, I like that one. Thanks for your thoughtful and positive comment. I think the heavier the editing, the more important confidence with a genre or niche is. For a developmental edit, I’d want someone with specialty experience in my genre, whereas with a proofread, I’d be comfortable with pretty much any competent editor.
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.
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.”