I’m not sure if we should be sharing this, but our current costs are about $0.27 USD per article when our associate editor reviews and approves or rejects each article submission.
Over the next few weeks, we are going to target clipping that down to $0.17 USD per article.
These figures do not include quality control which takes about 4-30 seconds per article and is done by a 2nd editor. Right now, that other person is me, but we have budgeted for a full time Managing Editor and will begin reviewing candidates soon :-).
These figures also don’t take into consideration the cost to acquire articles (author promotion), but I was just keying on the true editorial costs to approve each article submission.
I think one strategy we’re going to test is adding even more automation on the submission process so that our editorial review process can be further automated.
If you have any suggestions about how we can lower our editorial approval costs while maintaining our quality standards, we are very open to suggestions.