If you’ve shopped around for an editor, you may have received several quotes for your project, and they were probably all different. Have you ever wondered why there is such a broad range when it comes to editing fees? Pricing isn’t meant to be a mystery, so let’s discuss the factors that affect editing quotes.
What Editors Ask
Editing quotes vary in both price and value, so it’s important to find the right editor for you.
When creating a proposal for a potential client, editors have to ask the following questions:
What kind of work is required? Does this document need a developmental edit? A copy edit? Only a proofread? The Editorial Freelancers Association (EFA) surveyed editors in 2020 and published an average range of rates for different stages of editing based on the survey responses.
Developmental: $46–$50 per hour, $.03–$.039 per word
Line: $46–$50 per hour, $.04–$.049 per word
Copy editing: $36–$40 per hour, $.02–$.029 per word
Proofreading: $31–$35 per hour, $.02–$.029 per word
And within those stages, the EFA found that editors have different rates depending on what kind of content a project has. Fiction editing has a lower rate compared to nonfiction, business, or medical editing. Anytime an editor needs specialist knowledge to work on a project, you’ll see a higher rate associated with it.
How much work is required to complete your project? Editors will consider the file’s word count and the number of passes needed to complete all the tasks. If you’ve performed self-edits, partnered with beta readers, or worked with another editor on the file, then your project will be in better shape. You may already have a style sheet; if so, send it along so potential editors can review it. Anything that streamlines the process for your next editor will help keep the costs down.
What resources will an editor need to work on your project? If your project requires particular software or a subscription to a specific style guide and an editor has to purchase it specifically for your contract, that cost may affect your quote.
What format is your file in? Most editors work with Microsoft Word or have a preferred software program, so if your file is in a different format, it may take longer to complete your project. While that definitely affects the price when you’re paying by the hour, editors will factor that in when pricing per word or per project as well.
What timeline are you looking for? Depending on the length of your project, editing can be a big investment, so it pays to think ahead. Even if you aren’t prepared to turn your file over to an editor today, estimate when you’ll be ready. Make inquiries early and provide a sample from your file so potential editors can get a feel for your work. It’s better to book in advance to avoid paying a rush fee. Editing takes time, especially when you want it done well, so rush fees can be hefty.
Cost vs. Value
Editing is hard, time-consuming work, so it isn’t surprising that the fees associated with editing can be high. However, instead of only focusing on the cost, remember the value that comes from working with a professional editor. You’re not just paying for an editor’s time; you’re also buying yourself more time. While your editor has your file, you’re free to pursue other activities, and you get peace of mind.
High-quality editors pursue continuing education to stay current on the latest developments in language, editing, and publishing. We use tools to stay efficient and provide quality control. Professional editors want to help you grow as a writer, so we’ll share resources to help you develop your skills, and we’ll answer questions or explain terms or processes that are new to you. Writing can feel like a solitary pursuit, but when you team up with an editor, you have a partner. All of these benefits have value that go beyond quoted prices.
Takeaways
Many factors go into editing quotes, so writers should consider more than just the cost. When you’re comparing editing quotes for your project, think about what is most important to you for this particular project. Ask your potential editors questions to determine who is the best fit for your project, budget, and personality. If you are ready to talk to a professional editor about your project, contact me! I’d love to learn about your work and see how we can team up to make your writing bulletproof.