The rate for the job can often be a sticky subject for new and more experienced editorial professionals alike. Newbies sometimes wonder whether they should charge a lower fee precisely because they are new to the field of proofreading and editing.
Some experienced colleagues have argued that newbies aren’t worth the higher fee that an established editorial professional could justify, precisely because they don’t have experience. So should the newbie offer a lower rate simply by virtue of their newbieness? There are three important considerations to mention first:
1. Relating newness to ability It may be that because you are a new editorial business owner you've not yet acquired the skill to carry out a particular editorial function. Imagine that you're asked to quote for copy-editing a medical journal article written by a client whose third language is English. You assess the sample and realize that the article needs a deep edit, and a knowledge of a particular style guide that you're only vaguely familiar with. Overall the requirements are complex. The question is not: "Should I charge a lower rate because I'm new?" This question is: "Do I have the skill to do the work?" On the other hand, it may be that you're experienced in some areas or editorial freelancing but still don't have the skill to carry out a particular job. If I were approached to work on the above-mentioned project, I'd decline. The fact that I'm an experienced editorial business owner is neither here nor there. The fact that I'm a specialist fiction proofreader and copy-editor is the key issue. I don't have the skills to do this medical copy-editing job.
2. Lower than what? There is no one fixed rate The terms "lower" and "higher" are problematic. There’s no one set rate here in the UK or anywhere else in the world for any editorial service. Different proofreaders and editors charge (and are offered) different rates of pay depending on whom they're working for and what service they're providing. It’s the same with other professions – e.g. plumbers, dentists, graphic designers and hairdressers. There are some suggested minimum rates available from national editorial societies, but these aren’t the law – they’re guidelines, and they pay no heed to your individual circumstances. So when you hear editorial colleagues talking about “low” or “lower” fees and “high” or “higher” fees, be cautious – what one person considers high may be considered low or medium to another. If you’re thinking about charging a “lower” fee because you’re a newbie, ask yourself the following: Lower than what?
Those are all quite different things! 3. We don’t always hold the balance of power When an independent author or business contacts me (say, via my website or one of the directories in which I advertise) with a request to quote, I can control the price. I hold the balance of power. The client may not like my proposed price and choose to go elsewhere, but I decide how I'll price a job. On the flip side, when I work for publishers, for example, the balance of power can shift in their favour. Negotiation is possible, but not always. Some publishers offer fixed fees for a whole job; others offer a fixed rate per hour and ask for work to be completed within a maximum budgeted number of hours. If I don’t like the hourly rate, the fixed rate, or the time frame, I'm free to decline the job, but the publisher might attempt to find someone else who’ll do the job within their preferred budget. Some agencies and businesses will expect to be charged a day rate, regardless of how long the work takes. Some clients will pay a premium for work carried out in unsociable hours. The upshot of this is a follows: the amount of money a proofreader/editor can earn is not fixed. I’m happy to throw some numbers at you based on my own experience, but don’t take these as The One and Only Way Things Are. They’re merely examples – other editors will have earned more and less, depending on job, client, complexity, etc. I’ve simply picked a few cases from my current and past years' annual schedules to show the variance. Some examples of my (extrapolated) proofreading/copy-editing rates per hour:
As I say, these are just examples. There's a mix of control here: in some cases I set the price; in others the client offered a price and I accepted. There's a mix of hourly rates, too, but I know that "high" or "low" are relative terms. In a nutshell, these numbers are not what you should be earning per hour; they are simply examples of what I have earned per hour. Some editorial folk don't even like to value their services by the hour; I chose to do so here because I wanted a straightforward way to present the information. USPs – then and now When we do hold the balance of power, and we're quoting for jobs, it’s useful to frame our quotations around the value we bring to the table. This is about how we advertise ourselves. Here’s a comparison of the USPs (unique selling points) I used at the beginning and middle of my editorial career and the ones I use currently. These are broadly the kinds of things that I use to talk to my clients in a value-on way – they tell the client why they should hire me. 2006
2014
2017
Let’s imagine for simplicity that I currently charge an hourly fee of £30 for working for independent authors, based on my 2017 USPs. But what if a new entrant to the field looks at the information about me in 2017? Should that person deliberately decide to charge only £15 per hour, even though they'd prefer to charge £30? To justify this to themselves they'd need to be able to persuade themselves and their potential client that they're not worth more. Why? Because, in this scenario, they'd have to believe that their newbieness means:
Is the above true?
Even if the newbie does believe that their miss rate will be higher, and that their less extensive time in the job and their smaller portfolio of work mean that they're not such a good bet for the client, how will the newbie frame this information? Value-off pricing – not a professional message When we quote for clients, whether we are new entrants or old hands, we're telling that person what we CAN do for them, not what we can’t. Ask yourself whether, as a newbie, you’d seriously consider supplementing your list of USPs with any of the following statements:
If you were a client and you received a quotation framed around all of the above, would you hire the editor? Your potential client doesn’t need to hear what you haven’t done or can’t do, and therefore why you think you're worth less than your colleagues. Rather, your client will appreciate the following:
In a nutshell, if it doesn’t sell you in a good light, don’t mention it. And if you’re not mentioning it to your client, why would you use it to justify a fee structure that is deliberately lower than the one you want/need to charge? What’s your message? Newbie or editorial professional? You may think of yourself as a newbie, and your colleagues may know that you’re a newbie, but your client does NOT need to know this. Your client needs to know that you are capable of solving their problems. On the inside you are a newbie, but as far as the world of potential clients is concerned you are an editorial business professional offering a specific editorial service based around a defined set of USPs. This is a value-on way of thinking, not value-off. Given that you are an editorial business professional, you're entitled to build a fee structure that reflects this. Offering yourself on the cheap because you ain’t all that is not an option. It isn’t how business professionals in any field market themselves. As my colleague Kate Haigh (personal correspondence) has reminded me more times than I care to mention: If you price yourself cheap because you think you’re worth nothing more, and you tell your client this, then you are indeed worth nothing more. Who wants to hire someone like that? Who feels confident about hiring someone like that? (See also Kate's excellent Because you're worth it! Charging what you're worth.) Recall the balance of power section above – you may still decide to work for clients who hold the balance of power and pay less than the fee structure you've defined for yourself when you're in control. But that’s not about being a new entrant to the field. That’s about making decisions about who you want to work for and what you will accept. Even established editorial folk make those decisions. I've worked for some publisher clients who offer an hourly rate way lower than the one I charge when I’m setting the price. Why? Because I wanted to and it was my choice. I liked their books. I enjoyed the work. I got tons of satisfaction from the jobs. I liked the regularity of the work on offer. And because it gave me some smashing thumbnail piccies on my site of well-known books by big-name authors. Pricing is part of the marketing mix … Pricing is part of marketing. When you set a price you're telling the market what you think your services are worth. If you can do the job, then you should do the job, and tell your clients you can do the job. If you want to reduce your fee to an amount below that which you think your services are worth, I’d recommend coming up with a better reason to do so than your newness. Charge what you want to charge, but make your decisions based on the worth you bring to the table and your ability to do the job, not the empty space you’ve yet to fill, or the youth of your business compared with some of your colleagues'. If you don't think you have the skill to do a job, don't charge less. Instead, refer the client to someone who has the skills. Furthermore, put yourself in your customer’s shoes – the client to whom you’re pitching wants to know what you can do, not what you can’t. Your pricing needs to reflect this. The minute you start knocking down your price through lack of confidence is the minute you shift the balance of power to your client – you’ve focused their attention on the money they’re forking out rather than the service you provide. It becomes all about how little they can spend rather than what they can gain from your capability. You encourage your client to become what Rich Adin calls a "shopper", "where the single dominant expectation is that price is the determining decision factor" (How Much Is That Editor in the Window?). So what should you charge? There’s no ready answer to this because it depends on so many factors. However, guidance can be found by returning to the “lower than what?” issue mentioned above:
You might also like to take a look at these articles that I published on The Proofreader's Parlour: “I want to be an editor – when will I start earning $?” and other unanswerable questions and Value-on or money-off? Putting a price on your editorial services. Don't forget that no pricing structure or quotation framework is set in stone – testing provides you with your very own market research. Even negative results are learning opportunities that you can use to tweak your pricing models and help you to identify which frameworks work best for you in particular situations. If, after visiting the resources above, you still feel yourself bending towards lowering your prices either because of a lack of confidence and/or because your business is young, take a step back and make sure you have your business hat planted firmly on your head. More resources
Louise Harnby is a line editor, copyeditor and proofreader who specializes in working with crime, mystery, suspense and thriller writers.
She is an Advanced Professional Member of the Chartered Institute of Editing and Proofreading (CIEP), a member of ACES, a Partner Member of The Alliance of Independent Authors (ALLi), and co-hosts The Editing Podcast.
17 Comments
30/8/2014 09:26:03 am
Great, detailed article, Louise. You could be my business advisor any day. But, as you have surely guessed, I have a quibble.
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30/8/2014 09:31:41 am
Louise, I forgot to mention that it might be worthwhile for those pondering the question asked and similar questions to not only buy your two excellent books on business planning and marketing, but also to check out my book, "The Business of Editing: Effective and Efficient Ways to Think, Work, and Prosper" (ISBN: 978-1-4341-0369-7). It provides more detail and advice on a variety of pertinent topics.
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nancy carolo
12/9/2014 03:33:22 pm
This post was another great mini class for someone planning to edit books for the first time. I have read your book "Business Planning for Freelancers" so many times in the last two months--and marked it in ink with notes-- that I have a good start on my business plan. I will be "new" to book editing, but I have 20+ years in corporare communications, writing and editing. I believe my USP is strong business skills from dealing with quirky writers to managing deadlines to staying on budget. As a soon-to-be business owner of an editorial company, I have already sought business license fees. I am working on what my web and business cards will look like, and so many ideas come from your book. I have much to learn and read. Thanks so much for giving me a decent shot. (The number of initial targets you created keeps me well grounded.)
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J-Bee
18/8/2015 09:24:33 am
I really hate to point this out because this post is SO good, but you have a few typos.
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29/5/2017 12:25:37 am
Well done on another great article, Louise - where do you find the time to write?! I manage one article a month, if that! One thing I often harp on about in posts is encouraging editors to think of the value of our profession as a whole, rather than just their individual value when deciding on rates or setting prices. A very experienced editor who mentored me when I was starting out said, 'If you price yourself too low, you devalue our profession.' Her words have always stayed with me. Taking into consideration the skills, education and training necessary to be a good editor or proofreader, no-one in our profession should be charging the sort of rates that would be paid to unskilled labourers, even if we are just starting out.
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Louise Harnby
29/5/2017 02:20:59 pm
Often late at night, Sally, is the answer to your first question - usually in front of the TV or in sprints between doing other things. I'm the queen of multitasking!
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30/5/2017 01:00:17 am
You're welcome, Louise. I often share your articles in the LinkedIn group I run. There are some lovely compliments about you from members! One even called you 'The Bomb'. I told her you'd be exploding with pride to hear that.
Louise Harnby
30/5/2017 01:30:50 pm
You were right, Sally! I'm chuffed to bits! Please told her I've exploded! x
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nick raistrick
8/1/2018 09:48:47 am
thanks for this, I found it helpful. I don't even have any quibbles.
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Louise Harnby
10/1/2018 05:26:07 pm
Cheers, Nick. Glad you found it useful!
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Tina
9/2/2018 01:02:09 pm
One further point I'd make for newbies; don't be tempted to bring down your headline rate per hour because you feel it'll take you longer. Better to charge a higher rate and invoice for fewer hours than you've actually worked (i.e. the time you feel a more experienced editor would take, which will result in you getting a lower rate per hour), than charge a lower rate and invoice for the time you've actually worked. If you charge the higher rate, you'll get closer to that as you get more experienced and your speed increases; if you charge the lower one, you may never get the higher one.
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17/4/2018 09:38:38 am
This post and that by Kate Haigh have been such a help to me. I'm not a new editor but I am certainly new to charging for my services, and I have learnt so much. Thank you!
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Louise Harnby
17/4/2018 09:45:20 am
You're very welcome, Rene. Glad Kate and I have been able to smooth the journey for you!
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Sheelagh Davis
2/1/2019 02:35:45 pm
As I would not be doing this work full-time, I would prefer to change a rate per number of words. How much should I charge for, say, 1,000 words?
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Louise Harnby
2/1/2019 06:22:57 pm
I can't answer that, Sheelagh! What you need to charge per 1000 words to make your business profitable might be different to what I need to charge. It depends on the complexity of the work and how fast you work. Have a look at this post here: https://www.louiseharnbyproofreader.com/blog/how-much-does-fiction-copyediting-and-proofreading-cost
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Mark Cripps
28/9/2019 03:00:24 pm
Hi Louise. What a great article. Almost by chance, over the last few weeks, I have stumbled into the area of proofreading and minor copy editing through contact with a local publishing company. This process has been both sad but also somewhat serendipitous. While terminally ill, a long time and dear friend going way back to university days asked me to ensure that his life memoir got published. After working with the publisher on the book as a duty to my friend and without any payment even being thought of, I am now about to complete work on another of the publisher's up and coming books but this time as my first paid project. He liked the way I worked on my friend's manuscript, we got on really well and this lead to the suggestion for another book. Having helped various writer friends as no more than a pair of eyes on their books before over the last 20 years, after spending 6 years writing my own blog (closed now but that's another story) and now this recent experience, I think the timing is right for me to consider moving into this area of work on a committed basis. I came across your blog and this post when wondering about pricing / fees etc. There is so much content on the internet which is poorly written and leaves you asking more questions or in need of further Google searches. That was not the case with your post as it gave me exactly what I was looking for. I have just subscribed to the blog and will keep an eye on it as I decide how to take my next steps forward in what might well be a new career. At this point, those steps may well involve taking out a membership and then the appropriate courses at Sfep, starting with basic proofreading. Keep up your great work. I'm so glad I found you. Thanks again and best wishes, Mark.
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Louise Harnby
1/10/2019 01:59:00 pm
Thank you, Mark! The SfEP is a great starting point. You'll find lots of support there -- the membership comprises experienced editors, newbies and everything in between!
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