Updated: July 2015Common editorial rates —regardless of whether a project is flat rate or hourly— tend to fall within the ranges indicated below. These should be used only as a rough guideline; rates vary considerably depending on the nature of the work, the time frame of the assignment, the degree of special expertise required, and other factors. The industry standard for a manuscript page, however, is a firm 250 words.Type of Work Estimated Pace Range of FeesEDITING Editing, basic copyediting 5-10 ms pgs/hr $30-40/hrEditing, heavy copyediting 2–5 ms pgs/hr $40–50/hrEditing, website copyediting $40-50/hrEditing, developmental 1–5 pgs/hr $45–55/hrEditing, substantive or line 1–6 ms pgs/hr $40–60/hr
"... perhaps you’ve been submitting your polished manuscript to literary agents for some time and are getting positive comments, but still racking up rejections. Something’s wrong, and you aren’t quite sure what–or the rejections all seem to identify the same problems. A good independent editor may be able to help.If you’re just starting to submit for publication, though, or are self-publishing but don’t care about starting a career, the benefits are less clear. Before you pull out your wallet, investigate alternatives–a friend who’s not afraid to criticize, a local writers’ group or critique circle, an online writers’ group, a creative writing course or teacher, a professional writer with whom you’re acquainted. Any of these may be able to give you the help you need, free of charge or at a fraction of the cost. (You should be seeking such sources of feedback anyway–no writer is capable of being completely objective about his or her work, and outside viewpoints can be very helpful.)... You’ll get the most out of your experience if you treat it as a learning opportunity–a chance to hone and improve your own editing skills. Self-editing is an essential part of the writer’s craft; if you’re really serious about a writing career, it’s something you need to master. In fact, investing in a writing course, or joining a critique group, may be a much better initial investment for a new writer than springing for an editor."(http://www.sfwa.org/other-resources/f...)
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