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6. How much should I charge?
Many companies charge different rates depending on how thorough an edit the file needs, or whether they need copy editing or just proofreading. Some charge per hour, in a range of $10 to $50 per hour. I recommend charging by word count, so that it is easy for potential clients to figure out exactly how much their project is going to cost.
Between $0.01 and $0.02 per word is a good rough estimate for the industry average ($10 or $20 per 1,000 words), although editors come in a very wide range. Don’t worry about what other people are charging, though. Figure out what your time is worth to you; how much you want to be making an hour. Figure out how many words you can do in an hour and use that to establish your pricing.
