My question is, if you have a completed manuscript, how can it possibly be ready for an agent yet still need $5-10k of assistance before it's ripe for publication? That strikes me as totally off base.
So this is how I get a lot of my editing work, through agents who are excited about a book idea but not excited about the actual manuscript.
It makes sense with, say, a celebrated chef writing a cookbook. Or a doctor who's presenting stories about her patients' challenges and successes with new approaches to treating diabetes. Or a firefighter who took part in battling a headline-making fire.
But the clients don't pay the agents; they pay me directly. And the agents give them a number of freelance editors to choose from, not just me. And of course I don't give the agents any kickback!
In any case, I don't think it makes any sense with fiction (unless the writer is someone who's famous for something else already, like a TV or music star), and I would be leery of an agent who suggested it.
And I would be beyond leery of any agent who suggested that you pay their agency for editorial services. That's just nuts, and leaves the door open for all kinds of abuses.
waylander said:
5-10k for editing - No
The agency should pick up the tab for this.
Nah, that would be leading into the "abuses" discussed earlier. If a book needs more editing between acceptance by an agent and submission to publishers than the agent can or will provide, the most appropriate thing is for the agent to give the clients a list of suggested freelance editors and let the author and editor (one from the list, or someone else entirely) work out terms on their own.
Terie said:
in the cases such as this that I personally know of, the arrangement was for the ghostwriter to be paid out of royalties, not paid up front by the author.
No professional ghostwriter or freelance editor, in the US at least, that I know of would agree to this arrangement in most circumstances. (If Justin Bieber wants me to ghostwrite his memoirs, I might think differently!) It's the same amount of work for you as a ghostwriter whether the book sells a million copies or one copies.
Flat fees are the norm in US ghostwriting. Sometimes people accept a slightly lower flat fee and a percentage of royalties, but nobody I know would take a royalty-only deal except in extraordinary cases.
This blog post is a pretty good overview of the state of play as I experience it myself, and as I understand it from others who do this kind of work.