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I just found this, too. HapiSofi's post is like gold. And very, very funny.
I have paid about $1200 for substantive editing and it has been worth my while, though the editor came highly recommended. I charge $2/page for line editing and $5/page for substantive editing, just to give you a reference point. I do believe that you should request a sample free edit of a few pages so you know what you are getting.
"...To you I am nothing more than a fox like a hundred thousand other foxes. But if you tame me, then we shall need each other. To me, you will be unique in all the world. To you, I shall be unique in all the world...” ― Antoine de Saint-Exupéry
Watermark: A Novel of the Middle Ages
Hell, I subscribed to this thread because of Hopi's response. I found it very enlightening.
Knowledge is learned while wisdom is earned.
Currently working on...
From, The Tales of Netherron,
Book 1, A Game of Pawns
Book 2, Pawn takes Queen,
Book 3, Pawn's Gambit,
In the pipeline,
Children of Netherron, follow up trilogy
Guardians of Netherron, prequel trilogy
http://nickanthony51.wordpress.com (on hiatus)
I have very strong opinions on the serial comma. Unfortunately, my house style does not agree with me.
In my last book, however, I was able to argue for one particular serial comma, and I GOT IT!
Hap's piece was awesome. I'm glad this thread has been bumped. I made a copy of Hap's questions.
I've contacted two well-regarded editors for an edit of my 60,000 thriller. One asked for $1200, the other for $1500. Both seem like reasonable fees but well outside of my budget.
Beta readers it is, then!
Are you sure your plans are realistic? If you need a professional editor and pay for your self-publishing, you have to sell a LOT to break even, let alone make a profit. You could consider a POD like Lulu.com that charges printing costs per unit for the buyer. That way you have no upfront printing costs except for a distribution plan.