Sunday, July 10, 2011

Rate increase...

I've had to raise my rate for appraisals: I've found that many of the submission packages coming in were taking a lot longer to respond to than I had anticipated, so I've needed to adjust the rate accordingly. At $90, it's still no relation to my hourly rate, but I can't raise the initial appraisal much higher or it defeats the purpose. The new rate is also more in line with other reading services...given that I have a two to three months backlog as it is, I don't need to undercut the competition; and I'd rather people were choosing because they trust my judgement, not just because I turned out to be the cheapest editor on the block....

I'm not too worried about the rate increase cutting into business since anything under $100 is still just the price of an evening out. If an author doesn't believe in their work enough to invest $90, pretty sure they weren't going to be long term customers anyway.

My hourly rate remains the same though, since that was already set at industry standard.

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