Home Business Idea-Freelance Editor

Filed in archive business ideas on May 17, 2010

Today's home business idea is a business as a freelance editor.

© desmorider

A freelance editor works with other freelancers, book publishers, and businesses to provide editing services to ensure the highest quality of content for all parties.

Think freelance editing might be a good business for you? Read on as we examine this home business idea.

This home business idea is a good fit for you if you are attentive to detail, have excellent knowledge of grammar, usage, and mechanics, and you like to work with words.

To get started with this home business idea, ask friends and family members for referrals. If they are in school, they can hire you to proofread their paper. If they are involved in their community, they may need a community newsletter edited. They might know business owners that have mistakes in their marketing collateral-these are all potential clients.

Now, let's talk start-up costs. This home business idea would require a very low start-up investment of approximately $2,000 to set you for the entire year. Here's an estimated breakdown of these costs:
-computer: $400
-cell phone: $120
-Internet connection: $600
-basic office furniture (desk, chair, and filing cabinets): $500
-file folders: $15
-printer: $80
-printer paper: $20
-printer ink: $50
-business cards: $50
-letterhead: $50
-envelopes: $5
-stamps: $50
-website hosting: $60
-domain name: $10
-word processing software: $200

If you're interested in this home business idea, or any other you';d like to hear about, please drop me a comment and I'll do my best to help answer your questions or find someone who can. I'm a freelance writer, not a freelance editor, but I can tell you that it is an important and interesting business to be in. One point of interest is setting your rates: in this business, everything is variable. My suggestion is that you set an hourly rate, get new clients to pay for one to three of these hours to sample their work, and then you provide an estimate of the hours necessary to edit their work. Also, be very clear on the level of editing you'll perform-revision, editing, or proofreading (or all of the above).