If however the editor is going to disassemble the book act by act, scene by scene, beat by beat, and show technically in story structure terms what needs to be changed, then the editor is spending far more time in analysis and constructing the demonstration of such to the client. Of course, this really depends on what service a client wants as well.
#2. YOUR BEST BOOK: nearly every other copy editor or editing service focuses on the writing and the mistakes. They will improve the flow of the words and sentences, and they will make it better, but they won’t fix the major problems with content. Our editors have been trained in the Write Good BooksTM method to make sure your book is commercially sound and will resonate with your audience on a deeper level. For nonfiction we focus on branding, credibility, trust, so your readers will take action and see results. For fiction, we focus on universal story telling principles, plot structure, dramatic tension and suspense, and world-building. Because a clean book isn’t always a good book.
Most editors in my genre charge from 002 to 007 per word. That’s for developmental and FLE, (Final line edit) – three rounds in all. The 10,000 fee you mention here would put off anybody from ever hiring an editor. I know few writers who could pay that, which is why Amazon is flooded with poorly written and badly edited books. I would encourage writers to contact other authors in their genre for tips on editors and to cultivate good beta readers.
Freelance editors normally do not double as literary agents. Not only is it not our area of expertise, but it can actually lead to ethical quandaries. There have, unfortunately, been cases of literary agents saying that potential clients’ work “has potential” but needs to be edited (by them or their employee), for an exorbidant fee. It would also be possible for editors to give the impression that they are guaranteeing publication of a project, when that is something no one but a publisher can do. Many professional organizations forbid their members to combine these two roles, to avoid a possible conflict of interest.
Obviously there is a big difference. I actually started with screenplays (with some mild success) partly due to hearing that as long as you have a good story, the grammatical errors won’t be a big deal. Well, that was not true. Maybe if a producer liked the story or I was already established but every contest I entered always came back with feedback about the grammatical errors. Even if I won or placed as a finalist, I always received critique on that. Very little is spelling error, it was more about structure, etc.