Knowing how
much to charge can help you grow your client list or improve the profitability
of your freelance translation business. When starting a career as a translator
the rates can vary from $0.01 per word to $0.30 per word. Here are some things
you should consider before setting up your rates:
· Language – some languages are particularly in demand by employers
at different times. But If you want to work with a language that has a large
number of speakers and which is spoken in many countries, the ones to choose in
order of 'usefulness' are: English, French, Spanish, Russian, Arabic, And
Chinese (Mandarin), German, Japanese, Portuguese and Hindi/Urdu.
· Deadline – how soon the job needs to be completed, text length and
how flexible your schedule is to make sure you will deliver the job on time.
· Skills – are you handling a specific job for the first time? Are
you familiar with the subject to be translated?
·
Localization –
Prices may vary from place to place, find out about the rates that are being
charged within your city/country.
There are several factors to consider, while charging for a particular translation, like the Subject, whether it's technical or the plain text on a general subject, known to all and the target class / mass / group and the level of their education i.e. the quality of the translation and the localization aspect of it and then lastly, the Urgency factor and the payment span, the current rates prevalent in the market, in that particular language pair and your relationship with that particular client, the long-term association factor etc.
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