Ghostwriting: Payment Options

October 29, 2007

There are a few common payment options, including:

Flat Fee
Percentage of Royalties
Hourly or Weekly Rates

Most ghosts seem to prefer a flat rate, and with good reason. This “work-for-hire” arrangement is simply the most practical and the least complicated.

A royalty arrangement can be complex, and can “tie” you to the author for years to come. In many cases, a royalty payment is a gamble and much less of a sure thing. For that reason alone, I suggest avoiding this option.

You can also charge an hourly or weekly rate, but this is also less practical, and can make for much more paperwork, tracking and overall administration.

A flat fee is a relatively safe bet where both parties understand the arrangements and the costs from the get-go.

Posted by Ghost Write Guru | Filed Under Ghostwriting Tips