Let’s face it, if ghostwriters could work for free, there’d be nothing stopping you from partnering with one to get your book completed and on the virtual shelves ASAP. But ghostwriting is a specialty service—and a time-consuming one requiring a certain level of expertise. This tends to make ghostwriting for large projects and books costly, but don’t let that word scare you. It doesn’t necessarily mean that the service is out of your budget.
Compare the Cost of Ghostwriting to the Cost of Writing Yourself
Think of ghostwriting expenses in terms of time saving. How many hours would you spend brainstorming a concept for your book, outlining it, and writing the content yourself? For practical purposes, tally those hours. Now, multiply that number by the hourly rate you earn in your regular profession. Contrast that with the ghostwriter’s quote. How much would you essentially lose by taking time away from your work in order to write?
Consider the Benefit of Expertise
Next consider the fact that with a ghostwriter you’re getting professional guidance from an individual who has studied the fiction and/or nonfiction book market. They understand how to construct a book’s content, what to include and how to write it in order for it to appeal to your target audience. If you wrote your own book and paid for that consultancy on top of it, you’d be facing even greater expenses between your personal time cost and that of the hired consultant.
Consider the Return on Investment
Having a book to offer your customers or to simply sell online not only helps to cement your authority and build your platform but can also create its own income that far exceeds the cost of the ghostwriting service.
Remember too that your book isn’t just the sum of its parts—it’s also the sections, pages and chapters themselves which can be pulled out and used for blog posts, to spark discussion in forums and as excerpts for guest posts on blogs to further cultivate interest in your product.
Ghostwriters and Payment Plans
One of the ways I make certain the cost of your book fits within your budget is by creating a payment plan. These plans can be weekly, monthly or quarterly. Whatever the schedule, the plan breaks up the cost of your project and stretches it out so that it’s easier to manage.
The question of affordability in the cost of ghostwriting isn’t just about what your budget can spare, but what you can afford to miss out on. The publishing industry is changing significantly and over the course of this year and next, you’ll notice that more and more of your competitors are partnering with professionals in order to develop and publish books of their own. Can you afford to be behind on this trend?
Interested in learning more about my ghostwriting services? Start here!