How Much Money Do Ghostwriters Make?

.Ghostwriting opens up the ability for anyone to publish their thoughts, ideas, experiences and whatever else they want. It doesn’t matter if you know how to write, you can always find a freelance ghost to do the writing for you.

The market for ghostwriters is virtually unlimited. There are always people who have something to say and want to get it published, but don’t know how to write or don’t have the time. Writing is hard work and requires a specialized set of skills and experiences.

If you want to become a ghostwriter, you must enjoy writing. In fact, you must have a passion for the written word. You’re going to be spending your time crafting sentences and paragraphs, so you’d better understand the concepts of grammar, spelling and style. On top of that, you must be able to write on a tight schedule and to a budget. For ghostwriters, writers block is a luxury that cannot be afforded.

The fees that ghostwriters charge largely depends on their confidence in their abilities, their experience, their skills, and how well they are able to market themselves.

Besides the ability to write very well, the most important variable that can make or break a ghostwriter is confidence. Excellent ghostwriters no they can get the job done. They’ve done it before, they succeeded, and they can do it again. That’s the attitude.

The advent of the Internet and content mills such as eLance, Fiverr and so on has changed the marketplace for writing because the competition has opened up to the entire world. In the past, a freelance writer was competing against other writers in their own area. That’s no longer true, and it has dropped rates to the bottom of the pay scale.

Why is this so? Because different countries in the world have different living standards. A ghostwriter living in the United States must make a higher income then one living in Pakistan or India, as a general rule.

I remember I was talking to a ghostwriter in the Ukraine. I asked her why she was only charging $100 for 10,000 words of copy. I pointed out that she can make a lot more money. She said she understood, but for her, $100 paid for the groceries and rent for her family for an entire month.

In the United States and Europe, it’s typical for an experienced ghostwriter to ask for a minimum of $10,000 for 15,000 words in a book. To put it another way, expect to pay $0.50 to a dollar per word. Higher-end ghostwriters who have written and published bestsellers, especially for celebrities, command higher rates. It’s not unheard of for a high-end ghostwriter to charge $100,000 or more for a book.

The best course of action is to find a ghostwriter that fulfills your requirements and that you can work with, and then negotiate a fair rate. You can expect to pay between $0.50 and a dollar per word. That cost can vary greatly depending on the number of interviews and amount of research that needs to be done.