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The professionals and cons of various pricing fashions.
If you happen to’re a writer-for-hire, you already know that consumer pricing is remarkably opaque. Except you already know different freelance writers or do a variety of analysis, it’s onerous to understand how a lot to cost purchasers — particularly when you’re simply getting began.
Ernest Hemingway was paid $1 per phrase by {a magazine} in 1936, the equal of a whopping $22 per phrase in at the moment’s {dollars}. Apart from prime authors commanding multi-million-dollar advances, I don’t know anybody being paid $22 per phrase at the moment.
However what’s equally intriguing about Hemingway’s price is the pricing construction: per phrase. Once I first turned a contract author a number of years in the past, extra skilled writers urged me to cost per undertaking. I additionally know writers who cost per hour and have seen job postings that record the identical.
So what’s the most effective pricing construction? Per phrase, per undertaking, or per hour? I’ve experimented with completely different pricing as a contract content material marketer and journalist and located that probably the most advantageous pricing comes right down to how you work.
I feel charging by the hour is the least interesting for a number of causes. It punishes quick writers: you’re…
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