About a month or two before Covid started in March 2020, Rob & I signed up for Reedsy, a British online ghostwriting site. To date I’ve worked on nearly 2 dozen different projects. It’s interesting, the people I’ve met are varied, and their books span the non-fiction and fiction spectrum.
What’s great thing about Reedsy is that when a person comes to you with an idea, chapters, or a complete manuscript, you offer your services at the price you think is fair. This is where it gets tricky. If the person hasn’t written anything except an idea for, say, a novel, then as the ghostwriter I will write a novel from scratch. That means 60,000 to 75,000 words. It means a lot of time, usually four to six months, where that novel becomes my full-time job.
So the bottom line questions are usually, What is my time worth? Am I charging too little or too much? Rob & I often discuss the prices we’re charging and since we started three years ago, our prices have risen. So this evening we were talking about prices again – are we charging too much? Too little? – and a few minutes later, I get a linkin notification from a man who opens with:
I recently helped a ghostwriter earn over 117k in 6 months so looking at your profile I thought there might be a fit. Perhaps we could have a chat?
Then there was a postscript where he asked if I was ever hesitant about asking for more money – the very thing Rob and I were discussing.
I laughed. Talk about immediate synchronicity! $117,000 in six months? That averages out to more than $19,000 a month from ghostwriting. That’s quite a tidy sum!