Episode 8 - Podcast Editing Costs - How Much Does This Cost, Know Your Numbers
Podcast Editing Costs
What's the expense for self-production?
Podcast editing rates exhibit variability based on different factors. Your expenditure will fluctuate depending on the editing software of your choice. If you opt for self-production, your monthly costs may fall within the range of $0 to $100 per episode. This estimate excludes the time invested in learning the editing process, becoming proficient with your chosen tool, and executing the actual editing work.
How about freelance podcast editing rates? Platforms like UpWork provide access to freelance podcast editors at rates lower than local averages. Through such platforms, you can engage a freelance podcast editor. It's important to note that freelance rates primarily hinge on location, experience, and expertise.
In our observation, novice freelancers typically charge between $1 and $20 per audio hour. Mid-level freelancers commonly bill clients in the range of $30 to $50 per audio hour. Top editors, known for their extensive experience and quality services, are the highest-priced in the field, with rates usually ranging from $50 to $200 per audio hour. Prior to hiring, it's advisable to send a prospective editor a sample and request a quote for their services.
Considering outsourcing podcast production?
For those planning to outsource podcast editing, the anticipated cost per episode falls between $15 and $15,000. However, the lower end of this range doesn't account for your time. The broad rate spectrum is influenced by several factors, such as the tier of services or package level subscribed to and the specific editor engaged. Here are various considerations to ponder when outsourcing your podcast editing process:
- How much are you willing to invest?
- Evaluate your current financial status and determine the budget you're willing to allocate for your podcast's production. Realism is key when setting your podcasting budget, ensuring it aligns with standard podcast editing rates.
- How much time do you have for editing?
- Assess whether your schedule allows for self-editing of each episode. Recognize that podcast editing typically takes around 60 minutes per episode. If your recording lasts about an hour, factor in an additional 30 minutes for editing.
- Is your podcast complex?
- Consider the complexity of your podcast format. For instance, interviews with multiple hosts and guests are more intricate than a straightforward narration. If your show demands high-level editing skills, seeking assistance from podcast editors is advisable.
If you answered "YES" to all three questions above, finding a production company catering to your specific needs at reasonable podcast editing rates is essential. However, if you responded with a "NO," you might consider elevating your editing skills with the plethora of available resources at your disposal.
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