If you want to become a ghostwriter, you need to know the prevailing rates in the market. It is hard to write a book or any other material.
You have to make sure that you are paid properly so that your efforts are rewarded.
Have you decided to become a ghostwriter? Well, this kind of job is really lucrative and if you love writing, you might be able to earn some decent money for it. Most of today’s writers are freelancers and since this work comes with potential pitfalls, it is vital that you know the prevailing rates in the market.
Factors Affecting the Rates
The rate charged by a ghostwriter will often be based on his or her years of experience, skills, and knowledge. You have to make sure that you give your best for every project that you receive. That way, you can easily increase your client base through word of mouth and other forms of advertising. Some writers also charge by the hour. The amount is usually dependent on the client and the project size. Some people prefer flat fees but others would rather pay for the hourly rates.
Ghostwriters are always wondering how much they charge their clients. $70 an hour is good but others might find it too high. On the other hand, projects can range from $5,000 to $36,000, and at times, it can also reach as high as $100,000! Here are some things that you should look into:
- Years of experience as a writer
- The book length (page count and word count)
- Starting from scratch or working with an existing content
- Time consumed in the editing process
Both parties should look into the subject of ghostwriting rates carefully. Whether you’re an inexperienced or experienced writer, you deserve only the best.
Ghostwriting these days can charge as high as $85 an hour and for every 100 pages of manuscript, it can cost $5,000 to $15,000. The figures are really amazing and you may still find it hard to believe that you can earn such huge money.
The rate that you charge will depend on YOU. Make sure that you don’t overcharge because you might lose potential clients. Take your time in researching about the market. Making money as a ghostwriter is a good way to earn some money even in the comfort of your home. Before getting involved in this kind of career, you have to make sure that you possess all the passion and interest. Without adequate motivation, you will not have the heart to finish your projects on time. If you can provide only the best for your clients, you will get more projects in the near future. What are you waiting for? Discuss about your rates prior to starting a project.