The thing about services is that there’s rarely a simple answer to “How much?” You can always answer with a range, but that’s only helpful if you provide context and details.
Think of renovating your kitchen. If the potential renovator said it would cost from $1,000 to $75,000, would that help? Not unless you had some qualifiers. The price depends on whether you’re just going to repaint your cupboards and change the hardware, or you want to gut and replace the existing cupboards, flooring, countertops, backsplash and so on.
So I asked my caller what would be involved in coming up with the 250 words:
- If I need to do research and interview one person or more, that’s a different project than summarizing and paraphrasing existing content.
- If I have to interview three or four people and only have 250 words to tell their story, the project is quite different from one where I can take as many words as necessary; it takes more time and skill to write concisely and still include a lot of detail.
I also asked if the newsletter already existed or was being created. If just being created, what did the company want it to achieve and why did they think a newsletter was the answer? Newsletters are great, but I would say something if I thought it wouldn’t be right for their needs.
The caller didn’t know the answers to any of my questions; she was just calling around to find out “how much.” Presumably the company would then compare the prices and pick the cheapest.
Freelance writer Paul Lima answered the “how much” question (sorry, link no longer live) by saying:
“There is no one right answer. I know many writers. They charge anywhere from $35 to $250 per hour. They charge anywhere from $0.50 to $5 per word.”
The Professional Writers Association of Canada (PWAC), now a part of the Canadian Freelance Guild, likewise said:
“[T]hat frequently asked question [What to pay a writer] lacks a simple answer. Fees charged by professional writers vary according to the work involved. Many factors affect payment…”
These factors include the type of assignment, the number of words and/or time required and the number of interviews or research. Writers also tend to earn more in large cities, and an experienced writer can charge more than someone just starting out.
PWAC listed a range of rates; bear in mind that these are at least 10 years old:
- Per word: 10 cents per word at small community newspapers to $3 per word for government reports.
- Hourly: $40 per hour for writing advertorials to $150 for speechwriting and news release writing.
But the numbers aren’t necessarily helpful, are they? Not unless you know how many words and why you would be charged $3 per word over $1 per word over 10 cents per word. Or you know how many hours are involved and where your project falls between writing advertorials and news releases.
So if you’re trying to find out “How much does it cost?,” be prepared for a conversation before you get an answer.
If you’re an independent, how do you answer the “how much does it cost?” question? If you’re on the buyer side, what kind of answer do you expect to get to that question? Please comment.
Image: Dollar sign by “sscreations” and FreeDigitalPhotos.net. Updated April 15, 2021.