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How Much Can Ghostwriters Make
How Much Can Ghostwriters Make
A lot of aspiring ghostwriters often wonder how much they can make. The answer
really depends on how motivated they are and what types of projects they are
working on. How organized they are, and how good their research skills are, can
also affect earnings significantly.
What Is a Ghostwriter?
* Articles
* Blog posts
* EBooks
* Novels
...and more.
A ghostwriter works on a project with the person who hires them, on the
understanding that the written outcome of the two working together will be a
product the client will get full rights to. The ghostwriter will not try to sell it
to another person, or use it themselves. They will keep the work confidential and
not share terms of the working relationship, or the materials and research that the
client might have given them.
Business Clients
Thanks to the internet, content is king. Every business with a website needs fresh,
up-to-date content on a regular basis. Some clients will pay by the word, others by
the article. The longer the piece of content, the more you can expect to earn.
However, this might also mean the project will take up a lot more time, especially
if you have to research the topic for the client.
While it is true that there�s a lot of free information available on the internet,
some of the topics can be highly specialized. But this can be a good thing. If you
are an expert in a particular field, you can charge more than just a general
ghostwriter.
Marketing Clients
A lot of clients want to market themselves and/or their products and services by
publishing a book in their name, so they can claim or show off a certain degree of
expertise. However, they might not have the writing skills or the time to do the
whole book themselves. In this case, you might interview them, read over the papers
they give you, and so on. You can then use this material to ghostwrite the book.
The client will then usually sell the book, or give it away for free as a type of
business card that will drum up business for their consulting service, for example.
Wealthy Clients
A lot of famous people publish autobiographies, but that does not mean they write
them themselves. They will usually hire a ghostwriter and give interviews. Then the
writer will assemble the book and wait for final approval. This can be a high-
earning project, but you might also end up with some very demanding clients who are
not always easy to work for.
You will only ever be able to earn good money if you are clear about the scope of
the project from the outset, and stick to it. You need to know how long the written
piece has to be, how much you will get paid, and when it is due. For longer
projects, it is a good idea to get paid a retainer to secure your services, and
then set milestones where you deliver certain parts of the project and get paid.
Otherwise, cash flow can start to become a problem.
Beware of scope creep. This is when you have agreed to a project and start it, but
then the client starts to make other requests and tries to add other elements. Only
agree if the additional elements make sense, and once you have renegotiated the
contract.
Be professional by understanding the value of your time and your skills, and you
should find it relatively easy to earn what you are worth.
Repeat Customers
Finally, aim for repeat customers. It is a lot easier to earn money if you don�t
have to spend a lot of time applying for ghostwriting jobs.