The above question is usually peppered with swearwords and followed by a frustrated sigh. But the question is a good one, and today, I’m going to answer it.
Facts About Editing Rates:
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While every freelance editor has the ability to set his or her rates, most rates fall within an accepted range and are updated yearly (due to inflation, the market, etc.).
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Whether hourly, by the word, or by the page, the rate editors charge should be based on both their skill level and the amount of work involved.
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A young editor fresh out of college should charge less than an 20-year veteran with large publishing house experience.
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If you’re only looking for help with the basics (i.e., spelling, punctuation, and grammar), the charge should be less than, say, a developmental edit.
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If you haven’t run spell-check, proofread a few times, and done at least a bit of self-revision, expect to pay more.
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Conversely, the more time you’ve taken with your work, the more an editor can help and the less you’ll be charged.
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After reviewing all the pieces of your project, an editor should offer a quote, along with a time frame for completion. You should then be asked to sign a basic contract. These details are crucial and help prevent miscommunication, protecting all involved.
Remember, anyone who works as a freelancer has to pay out of pocket for things like health insurance. And they deserve a living wage, just like everyone else.