How Much Ghostwriters Charge
You can also compare it to what you are currently making at your job. Just be sure to factor in holidays, medical insurance, retirement benefits, because as your own employer you will be responsible for those.
Aside from the time you’ll spend writing, you also need to figure in the time you’re going to spend managing your business, marketing and looking for new clients, because those things will require your attention and you need to be sure you’re charging enough to compensate yourself.
Lastly, think about how much you want to work. Since this is your business, you can set your own hours. If you plan on putting in a full forty hour week then your rates can be a little lower. But if you only want to work three days a week then you’ll have to charge more to meet your income goals.
Here is a quick example:
Let’s say you want to make $35,000 a year and you plan to work 46 weeks out of the year, that means you’ll need to earn $760 a week to make your income goals. If you break that down by a 40 hour work week then that works out to about $19 per hour.
Now, if you’re planning to work less than you will have to charge accordingly, but hopefully that gives you a good idea of how to break down your hourly rates and figure out what you will need to charge in order to become a highly sought after and well paid ghostwriter.
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