Organizations need content to establish their brand, make a profit, and drive leads. Business ghost writing is integral for any business to establish authority in a niche. Generating content for different types of purposes is time-consuming. For a writer to come up with a business blog post, it takes hours of research. Hence, it might take days to write on a single topic. Moreover, eBooks may take months as they are usually custom and detailed.
Therefore, getting business ghostwriters to move forward with content marketing strategies is essential. Whether you are thinking of outsourcing your content or hiring a full-time writer, you must calculate the ghostwriter’s fee is crucial to managing your budget. And in this way, you can also estimate your investment returns.
Keeping that in mind, this blog sheds light on the ghostwriter’s salary.
Types of Business Ghostwriters
According to the level of expertise, there are four types of ghostwriters.
With the saturation of ghostwriters in the market today, it is easy to find someone who takes lesser money to write content. There are ghostwriters who charge $2K to $15K annually to write a book. They are quite simple to locate, but they can be unreliable at times.
If the asking price appears to be too low than the standard market price, there are chances of you getting scammed. Also, when you hire a business ghostwriter who agrees on your project at unbelievably cheap rates, you might need to invest in quality and anti-plagiarism software to ensure that the content is unique.
It is obvious that an experienced ghostwriter will be more expensive. Depending on the scope of the project, their prices will range from $15,000 to $100,000 annually. Finding business ghostwriters that have extensive expertise and are trustworthy is difficult. However, the content you will receive from them will be of the highest quality.
When we talk about this category, they are usually the individuals who are the authors of famous books or have the experience of working on a bestseller. Such writers take somewhere between $75,000 and $100,000 to work on your project.
Roughly, to this date, there will be only 100 ghostwriters who will ask for such a price in the entire world. They typically work with authors who already have contracts for traditional publishing in place. Also, they usually take celebrities or famous people as their clients. They are picky about the clients and their niches and frequently only accept authors who have been sent to them. So, you have someone to refer you, only then you might be able to communicate with them.
Some ghostwriters seek a cut of the advance and royalties an author receives as their payment. Since the majority of book agents and editors are familiar with them, finding these business ghostwriters will not be that complicated. Nevertheless, mostly, they might have a backlog of potential clients wanting to work with him.
Hence, if you want such a writer for business ghostwriting, you will have to face many hurdles.
If you are not convinced to hire an individual ghostwriter, then you can choose affordable ghostwriting services. They have highly skilled writers who are trained to work on different business writing projects. Companies that provide such services hire employees that have made a place in the industry as experts. You can lean on them to produce top-notch content for you.
These business ghostwriters are ready to take on new and challenging projects. Besides that, they are armed with knowledge related to the optimization of content for search. That is extremely useful if you want to share your content online. They develop well-structured content for SEO.
Also, when partnering with an agency, you have the option to request a writer for business ghostwriting you find suitable. You can communicate with them and select the best profile. They are able to put the value of what you offer out there to the audience.
On top of that, you get to save a lot of time that goes into shortlisting a writer, screening applications, and conducting interviews. You can invest that time in other business-related tasks.
How Much Should a Business Ghostwriter Cost?
Every business ghostwriting assignment is unique; some involve writing a blog, while others demand creating an entire book. These tasks have extremely varied scopes. Consequently, the rates will also differ. In the end, the price you charge should be a reflection of the amount of writing and research required and the quality of the final project.
The cost of business ghostwriters may also fluctuate more if you ask them to add images, hyperlinks, and other content elements to your project. Therefore, you can’t keep a fixed amount in your mind.
Usually, when you ask ghostwriters about the services they provide, they often provide you with a rough quote. This helps the clients to compare available freelancers. With the quote, you will get the idea if the business is undercharging or overcharging. In either case, you must have knowledge related to ghostwriting rates.
Here is the estimated fee of ghostwriters based on the word they do.
Cost per Word
If you are looking to pay the business ghostwriters per word, the cost ranges between $0.15 to $4. You can use them for book descriptions, article and online content, and rewriting the manuscript
The simplest payment is by the word because the writers are compensated for each word they write. However, it doesn’t take into account the time spent on research and structuring the content. Due to that, it is more apt for smaller projects.
The average word rate for an eBook is around 35 cents. The rate can be higher for business ghostwriting.
Per Hour Rates
When you hire a business ghostwriter on an hourly basis, the cost ranges from $35 to $140. It applies to consultation and editorial work. Mostly, ghostwriters don’t work on hourly payments. The writers either charge you for the whole project or for per word. Hourly wage is more suitable if you are hiring someone to review your content as an editor.
The flat fee of business ghostwriting can be around $2,000 to more than $70,000 per project. You can hire a writer for manuscript and book proposal writing.
If you want to hire a business ghostwriter for an entire book, it’s best to find someone who makes the deal on a flat fee. The fixed amount compensates for research, writing, and for the revisions you ask for.
Usually, in these types of deals, there is a six-to-seven-month deadline. Sometimes, when you hire a book writer online, they can take three to six months. You can pay the flat fee in installments. The payment method and terms are mentioned in the contract.
After reading this blog, you will know the cost of business ghostwriting. So, you will know that you are not collaborating with a fraudulent ghostwriter or services. With this information, you can reach out to any business ghostwriter. However, to make the process simpler and seamless, the best option is to settle for an agency. They are equipped with highly qualified ghostwriters ready to take on projects of different areas of expertise and complexity.