If you are here, you likely want to make money by writing. You might have informed almost everyone (including your weird uncle) on Facebook and other social media platforms that you offer writing services. You might have been posting one guest post after another to present your writing spark in front of the world. And one of your prospects, while getting inspired by your post, sent you an email with a question:
‘Do you offer ghostwriting services?’
You baffle by their question as you don’t understand what that means, but you don’t want to sound stupid by saying:
‘Eh….. What does it mean?’
It will be an excellent way to send the potential client running for the hills, which you wouldn’t want. Thus, it is better to take a moment and read this guide to understand what ghostwriting is and how much they earn.
Everything You Wish To Know About Ghostwriting:
Happy Reading!
A Detailed Introduction To Ghostwriting:
You might have some foggiest ideas about what this term means. If you think of ghostwriting as a celebrity memoir, you are wrong because it is just the tip of the iceberg. In reality, you will find a ghostwriter behind almost everything, from Kindle’s published books to famous bloggers.
So, the question arises, what does happen in ghostwriting? The answer is while opting for this industry, whatever you write, someone else will put their name as an author on your work. So, you don’t get any authorship credit for anything you compose as a ghostwriter, irrespective of whether it is a short blog or an e-book. Your client will own the copyright license, which means they have permission to amend and republish your work however they want.
Who Does Hire A Ghostwriter?
You might wonder why a person would hire UK ghost writers service or freelancers. Are such individuals lethargic enough to transform their ideas into words? Or do they not have any brilliant ideas left to write? Welp, honestly, at times, these are the reasons, but not always. The most obvious reasons include the following:
- The business of some individuals expanded and grew to its peak, leaving next to zero time to write everything on their own
- They have a vast ocean of knowledge and wisdom, but they don’t enjoy the writing process. Or in another case, they do not have the skills to give their ideas the right words ideally.
How Much Does A Ghostwriter Earn?
Ghostwriting is diverse, so the writers involve themselves in various writing tasks. One project might include writing a thousand-word blog, while the other may compose an e-book with a 60,000-word limit. Therefore, there is no one-size-fits-all rate for all ghostwriters under one sun. The price will differ due to various factors, such as the amount of research and writing one has to do. Plus, the expertise and experience of an author will also impact the pricing.
However, the client doesn’t want this long detailed answer. Instead, they require a definite price from you to compare you with your competing freelancers or services. It will help them to make the final decision of selection efficiently. So, you should set a specific rate. It will also assure you charge suitable pricing for your services rather than under or overcharging. So, to help you determine your price, we present you the average range of estimates in three ways.
Per Word:
Starting with the most apparent type of payment – is per word, which involves paying for how many words a person writes. However, when you go for the per-word payment type, you don’t get any money for the duration or effort you spend researching and outlining. Therefore, it suits smaller projects such as articles, web content, book descriptions, and manuscript writing.
You can charge clients from $0.15 – $4 per word depending on the complexity of the subject, your expertise, and your customer. It will help if you opt for word pricing for content that contains fewer than 50,000 words.
Flat fee:
If you are a book ghostwriter UK who writes an entire e-book, it is better to settle for a flat fee. It covers all the processes, from research, coming up with an outline, and writing to many rounds of revisions. Suppose you take up a book project and aim to complete it within eight months, but it stretches out to ten months. In such cases, a fixed price paid in installments will encourage you to keep going.
The book and manuscript ghostwriters generally charge $2,000 to $70,000+ per project. If you start as a beginner, you can charge somewhere between $2,000 to $9,000 for a book. Besides, if you have impressive experience, you can earn up to $30,000 to $60,000 from a project. Moreover, if some top best-sellers are in your writing portfolio, you can expect an income of six figures.
Per hour:
When you enter this industry, you will notice that per-hour payment is not typical. Writers may waste time when they receive a charge per hour. Therefore, clients generally avoid ‘per hour’ pricing to maximize the ghostwriters’ efficiency. However, you can charge your client hourly for the consultation and editorial assessment of written content.
You don’t write much when working on a draft review or as a marketing consultant, where you suggest the authors of the content. Therefore, the customer doesn’t hesitate to pay hourly wages. And the more experienced you are, the more you can quote—however, the average price ranges from $35 to $140 per hour.
Closure:
With that final note, we expect you to understand what ghostwriting is and how much they can earn. To generate profitable revenue as a ghostwriter, assess all the aspects that impact your earning. Hopefully, these three payment types will help you determine the rates of your services. So, you can get ahead in this industry and conquer lucrative and exciting projects and jobs.
Please share this guide with other writers in your friends circle to let them go forth in their careers.