Introduction
The decision to offer an editor a percentage of a book's sales can be crucial in determining the success of a publishing project. This article explores the typical range of percentages offered, the factors influencing these percentages, and the opinions of experienced book editors.
The Typical Percentage Offered
When considering the percentage of sales to offer an editor, it is essential to understand that the typical range is generally between 5 to 15 percent of the book's net sales. However, this range can vary significantly based on a variety of factors, including the editor's experience, the type of editing required, the publishing model, the scope of work, and the specific circumstances of the project.
Factors Influencing the Percentage Offered
Experience and Reputation
Established editors with a strong track record may command higher percentages due to their proven expertise and the trust they instill in their clients. These editors have a history of producing high-quality work and delivering successful outcomes, which justifies a higher share of the book's revenue.
Type of Editing
The level of editing required, ranging from developmental editing to proofreading, can also influence the percentage offered. Editors who handle complex developmental edits or comprehensive restructuring of the manuscript may charge a higher percentage, as their work requires more time and expertise.
Publishing Model
The publishing model can play a significant role in determining the percentage. In traditional publishing, the contract between the author and the publisher may have predefined structures for compensation, which editors must adhere to. Conversely, self-publishing allows for more negotiation, where the author and editor can agree on a fair share based on the project's specifics.
Scope of Work
When an editor expands their role to include project management, marketing support, or other services, a higher percentage may be justified. These additional responsibilities add significant value to the project and warrant a corresponding compensation structure.
Personal Experience and Perspective
After self-publishing over 64 books, I have never entertained the thought of giving an editor a percentage of book revenues. Most editors I have hired have charged less than $1,000, even for extensive 400 to 500-page manuscripts. The average editing expense ranges from $500 to $750, depending on the page count. Offering a percentage of sales may not be feasible based on this experience.
Industry Standards and Opinions
Much of the discussion around offering a percentage of sales to editors comes from professionals who consider 5 to 10 percent a fair compensation. Many editors charge per page or per 1000 words, typically ranging from $100 to $1,000 for a book-length manuscript. A copy editor may then be included, often charging $1 per page for final clean-up and ensuring all details are correct.
While the idea of offering a percentage of sales may seem attractive, it is generally not a realistic expectation. Many editors will not accept this model because they need a guaranteed fee for their work. Offering a percentage as an addition to their typical fee may be reasonable, but replacing their fee with a percentage is not sustainable.
Much of the discussion on this topic on platforms like Quora consistently confirms that professional editors will not accept "percentage of sales" instead of a fee. This practice is essentially asking them to work for free with no guarantee of book sales.
Conclusion
In summary, the percentage of sales to offer an editor is a complex decision influenced by various factors. While the typical range is between 5 to 15 percent, professional editors will not accept percentages instead of a guaranteed fee. Understanding these factors and working within industry standards will help ensure a successful publishing project with satisfied editors.