I was talking with a longtime freelance associate yesterday about two pricing issues she’s having. First, she’s trying to find a way to charge a premium for her services when the client wants to buy extensive rights vs. one-time, one-purpose rights. Second, she’s got a potential ghostwriting job and is attempting to calculate an appropriate rate that won’t price her out of the market.
Jokingly, I mentioned how most pricing matrices, even the ones in The Writer’s Market, aren’t particularly helpful — telling me that writers charge between $0.02 to $2.50 per word isn’t much of a guide when it comes down to formulating an estimate.
Well, lo and behold, while surfing around last night, I stumbled across the above chart and accompanying article in Newsweek: “The Real Minimum Wage.”
Consider me unsurprised that some U.S. freelancers are willing to work for a quarter an hour. (Paging Arianna Huffington!) What I can’t quite figure out is how they’re paying the bills.