| Pages in topic: [1 2 3 4 5] > | Translator rates calculator
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| | l Gaston l 
Local time: 16:43
Afrikaans to Ancient Hebrew
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| Article on determining rates and fees | Jun 4, 2010 |
The article Determining your rates and fees as a translator is meant to provide translators with helpful tips in answering the question "What rates should I charge?"
The article is a joint project of ProZ.com members and guests; all translators are invited to contribute freely and add their experience.
| | | | Krzysztof Kajetanowicz (X)
Poland
Local time: 20:43
English to Polish
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I admit that to the extent that the article compiles what most people here would say on the subject, it's a good summary.
However, I think it's a mistake to focus on the cost of living and what the translator "would like" to earn.
Economics a cruel science. Your aspirations and needs are hardly relevant. What counts are your options, as well as the client's options.
If you're not making enough, you ca... See more I admit that to the extent that the article compiles what most people here would say on the subject, it's a good summary.
However, I think it's a mistake to focus on the cost of living and what the translator "would like" to earn.
Economics a cruel science. Your aspirations and needs are hardly relevant. What counts are your options, as well as the client's options.
If you're not making enough, you can demand more. If the client has other options, you won't make more. If you thus find yourself unable to make enough money translating, are you able to do something else and make more?
If not, then living costs are a poor reference point. You will prefer to make too little than to make nothing. The cost of food is not a cost you have to bear in order to translate. It's a cost you'll bear regardless. If you choose between translating for little and doing nothing for nothing, unless your country has a generous unemployment benefit, you'll choose to translate for little.
If yes, very well - but then again, the cost of living is not a good reference. Rather, you look at the fact that the buyer is willing to pay because they won't get a much better deal (price/quality-wise) somewhere else.
Let the flaming begin. ▲ Collapse
| | | | Dawn Montague
United States
Local time: 14:43
German to English
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| Krzysztof is partly right, but it's not the whole story | Jun 4, 2010 |
Although Krzysztof is partly right (the realities of economics can be cruel indeed), it is not the whole story. From experience, I can tell you that if you can deliver top notch quality and service that pleases top notch clients (and you market yourself effectively to them), you will be able to say no to the low payers. It's as simple as that. It takes time and hard work to get to that point, but it can be done. I would suggest also reading Corinne McKay's blog post entitled "Secrets of six-figu... See more Although Krzysztof is partly right (the realities of economics can be cruel indeed), it is not the whole story. From experience, I can tell you that if you can deliver top notch quality and service that pleases top notch clients (and you market yourself effectively to them), you will be able to say no to the low payers. It's as simple as that. It takes time and hard work to get to that point, but it can be done. I would suggest also reading Corinne McKay's blog post entitled "Secrets of six-figure translators" at http://thoughtsontranslation.com/2008/11/12/secrets-of-six-figure-translators/, or any of Danilo Nogueira's articles on translator economics such as this one: http://www.proz.com/translation-articles/articles/298/1/Translation-Economics-101 or this one: http://www.proz.com/translation-articles/articles/327/1/-Are-you-Prepared-to-Meet-Your-Client?. ▲ Collapse
| | | | | Value your work and dictate your rates | Jul 29, 2010 |
Hey,
I agree with Dawn,
Quality comes with price and further more agencies only offers extremely low rates and demanding top quality translations because translators accepts such imperative. Do not translate for little if you are a real qualified translator. If the professional values the career you won't subject yourself to work for little. DO NOT WORK FOR LITTLE. If everyone simply refuses to accept low payers (agencies) they will eventually rethink the way a translation work worth. ... See more Hey,
I agree with Dawn,
Quality comes with price and further more agencies only offers extremely low rates and demanding top quality translations because translators accepts such imperative. Do not translate for little if you are a real qualified translator. If the professional values the career you won't subject yourself to work for little. DO NOT WORK FOR LITTLE. If everyone simply refuses to accept low payers (agencies) they will eventually rethink the way a translation work worth. If you translator prefer to work for little please do something like working in a bar. For certain that will be less distressing with less responsibility. ▲ Collapse
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AGDANE
Local time: 06:43
English to Danish
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Krzysztof Kajetanowicz wrote:
However, I think it's a mistake to focus on the cost of living and what the translator "would like" to earn.
Economics a cruel science. Your aspirations and needs are hardly relevant. What counts are your options, as well as the client's options.
If you're not making enough, you can demand more. If the client has other options, you won't make more. If you thus find yourself unable to make enough money translating, are you able to do something else and make more?
If not, then living costs are a poor reference point. You will prefer to make too little than to make nothing. The cost of food is not a cost you have to bear in order to translate. It's a cost you'll bear regardless. If you choose between translating for little and doing nothing for nothing, unless your country has a generous unemployment benefit, you'll choose to translate for little.
If yes, very well - but then again, the cost of living is not a good reference. Rather, you look at the fact that the buyer is willing to pay because they won't get a much better deal (price/quality-wise) somewhere else.
Let the flaming begin.
That is precisely right. The only thing that determines the price is what the buyer is willing to pay.
Although of course, in the long course living costs should theoretically affect the rate for translation, because translators being paid less that they could subside on would supposedly leave the profession (or sleep under bridges), and thereby lower supply relative to demand. However, that is not really relevant to price setting for the individual who needs the projects.
[Edited at 2010-10-02 00:23 GMT]
| | | | jferedo
Local time: 05:43
Hungarian to English
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| Felipe is absolutely right. | Nov 9, 2010 |
Too many newcomers believe that they are translators (on the basis of speaking more than one language) and accept jobs for next to nothing. Stick to your price. If agencies want quality, they will pay the price or ask for proofreading. Never accept proofreading without seeing a sample. My long-term customers all went through this and now I have no problem (or not too much).
| | | | Virgo Fernando
Indonesia
Local time: 02:43
English to Indonesian
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| good to read... | Jan 2, 2011 |
all yours are "good sentences"... let's say I'm not so much of a good translator... and still trying to step into this translator's world, seeking hope for a better future, doing what I THINK I could do.. reading felipe's and dawn's has given me some sort of hope and self-confidence, though krzysztof's might also be right to the contexts that in the real life, things just don't go well by doing the calculation of how much do you want to earn or else... so, I'm not saying which one is preferable.... See more all yours are "good sentences"... let's say I'm not so much of a good translator... and still trying to step into this translator's world, seeking hope for a better future, doing what I THINK I could do.. reading felipe's and dawn's has given me some sort of hope and self-confidence, though krzysztof's might also be right to the contexts that in the real life, things just don't go well by doing the calculation of how much do you want to earn or else... so, I'm not saying which one is preferable... all of your sentences are good to read and learn...
cheers
-V- ▲ Collapse
| | | | John Holloway
Netherlands
Local time: 20:43
Member
Dutch to English
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| rate per hour in the calculator | Jan 27, 2011 |
If hourly rate was included it would be handy. This also lets you see when you should stop translating and take up garbage removal or similar as the rate´s better! I think a good sign is that, provided your overheads are low (and one must remember to depreciate capital investment over 3 to 5 years), translating can deliver a livable (freelance) income - comparable, say to teaching, nursing and other (somewhat underpaid) professions. It´s a viable departure point, from which to build a (somewh... See more If hourly rate was included it would be handy. This also lets you see when you should stop translating and take up garbage removal or similar as the rate´s better! I think a good sign is that, provided your overheads are low (and one must remember to depreciate capital investment over 3 to 5 years), translating can deliver a livable (freelance) income - comparable, say to teaching, nursing and other (somewhat underpaid) professions. It´s a viable departure point, from which to build a (somewhat) higher income as you get better at it. As a (re-) starter in the field I find this consoling! At least it´s a field in which there´s constant demand! ▲ Collapse
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| Thank you for a good input | May 27, 2011 |
Krzysztof Kajetanowicz wrote:
I admit that to the extent that the article compiles what most people here would say on the subject, it's a good summary.
However, I think it's a mistake to focus on the cost of living and what the translator "would like" to earn.
Economics a cruel science. Your aspirations and needs are hardly relevant. What counts are your options, as well as the client's options.
If you're not making enough, you can demand more. If the client has other options, you won't make more. If you thus find yourself unable to make enough money translating, are you able to do something else and make more?
If not, then living costs are a poor reference point. You will prefer to make too little than to make nothing. The cost of food is not a cost you have to bear in order to translate. It's a cost you'll bear regardless. If you choose between translating for little and doing nothing for nothing, unless your country has a generous unemployment benefit, you'll choose to translate for little.
If yes, very well - but then again, the cost of living is not a good reference. Rather, you look at the fact that the buyer is willing to pay because they won't get a much better deal (price/quality-wise) somewhere else.
Let the flaming begin.
It seems hard to put a price on words. As a freelancer new to this business, some good advice is highly appreciated....
| | | | Samuel Murray
Netherlands
Local time: 20:43
Member (2006)
English to Afrikaans
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| At the risk of repeating what the wiki article says | May 27, 2011 |
Moral26 wrote:
It seems hard to put a price on words. As a freelancer new to this business, some good advice is highly appreciated...
Options:
1. Charge what other people in your language combination charge (for that, you need to do some research into what other people charge).
2.1 Assume (as a beginner) that you can do 300 words per hour and that you would be busy 3 hours a day, 3 days a week, 3 weeks a month.
2.2 Decide how much money you would like to earn per month, and then multiply that by 3 (to make up for taxes, insurance, etc).
2.3 Then... then divide that amount by the number of words that you would be able to translate in that month.
3. Let your clients decide how much they want to pay. Say something like "I don't have a single rate for all clients -- why don't you start by telling me what you think is reasonable". Good agencies will offer you what is reasonable, bad agencies will take advantage of you, but either way, you'll learn a lot about money and the value of translation.
Lastly, find a good average between all of the above, play with the numbers, and adjust your expectations accordingly.
Oh, and don't forget that some clients in some countries are willing to pay more (or are unwilling to pay less) than some clients in some other countries. And don't forget that once you've asked a certain rate for a certain client, it is nearly impossible to increase it later (except a little bit).
[Edited at 2011-05-27 07:39 GMT]
| | | | | Thanks for advice. | May 28, 2011 |
Samuel Murray wrote:
Moral26 wrote:
It seems hard to put a price on words. As a freelancer new to this business, some good advice is highly appreciated...
Options:
1. Charge what other people in your language combination charge (for that, you need to do some research into what other people charge).
2.1 Assume (as a beginner) that you can do 300 words per hour and that you would be busy 3 hours a day, 3 days a week, 3 weeks a month.
2.2 Decide how much money you would like to earn per month, and then multiply that by 3 (to make up for taxes, insurance, etc).
2.3 Then... then divide that amount by the number of words that you would be able to translate in that month.
3. Let your clients decide how much they want to pay. Say something like "I don't have a single rate for all clients -- why don't you start by telling me what you think is reasonable". Good agencies will offer you what is reasonable, bad agencies will take advantage of you, but either way, you'll learn a lot about money and the value of translation.
Lastly, find a good average between all of the above, play with the numbers, and adjust your expectations accordingly.
Oh, and don't forget that some clients in some countries are willing to pay more (or are unwilling to pay less) than some clients in some other countries. And don't forget that once you've asked a certain rate for a certain client, it is nearly impossible to increase it later (except a little bit).
[Edited at 2011-05-27 07:39 GMT]
Thanks for the good advice. I saw Svens price list, and it gave me good pointers. Though I reckon medical translations are a lot more time consuming and technical than mere web content, literary or catalogue content.
Good point in letting the client put up an offer first, and then compare with the prices I already have.
I do remember being able to write about 4-6 pages a day while rewriting a short story collection a few years ago. And then I set forth to translate the main story to Norwegian. It was the same there. Between 3-6 pages a day.
I gather I would be able to do at least a 1000 to 1200 words a day on the clients projects. And I range my prices from 9 to 13 eurocents per source word.
This seems to be something that I have looked for a long time, while struggling with my own writing. Except for deadlines, you are your own boss.
Again, thanks for good advice.
| | | | Gabriela Hebin
United States
Local time: 14:43
Member (2002)
Spanish to English
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| 300 words per hour, 3 hours a day, 3 days a week... really? | Jun 11, 2011 |
Please, just look at the default values on this formula.
A newbie translator might see this formula and expect to support his/her family's lifestyle by translating during only 70% of their "working" time, yet expects to do so by only translating 300 words per hour. Of course he/she feels it is perfectly reasonable to expect 4 weeks a year of what amounts to a paid vacation, and then to only work for 3 hours a day, 3 days a week.
Hello??? ON WHAT PLANET can you support you... See more Please, just look at the default values on this formula.
A newbie translator might see this formula and expect to support his/her family's lifestyle by translating during only 70% of their "working" time, yet expects to do so by only translating 300 words per hour. Of course he/she feels it is perfectly reasonable to expect 4 weeks a year of what amounts to a paid vacation, and then to only work for 3 hours a day, 3 days a week.
Hello??? ON WHAT PLANET can you support yourself working 3 hours a day, 3 days a week, 48 weeks a year, if you're only good enough to produce 300 words an hour?
THEN someone else chimes in agreeing that they can only manage to produce some 1000-1200 words per day, so the newbie feels justified in the presumptions.
REALITY CHECK: 1000 words per day is NOT a professional rate of production! All of the translators who I work with can produce a minimum of 4000 words per day, some of them up to 8000, so let's get real here. Step it up.
What is the amount that you are willing to earn while you sit at home in front of your lapton in your jammies?
What is the value of being able to watch your own children rather than send them off to be "cared for" by strangers?
How cool is it to be able to take a break from your emails to move your laundry from the washer to the dryer?
Or to water your garden between assignments?
What is the value of NOT having to wear a suit and tie (or nylons and heels)?
Of NOT having to commute X number of hours each week?
Of NOT having to waste the the gas and wear and tear on your car?
How amazing is it to be in touch with people from all over the world and not have to sit in some fluorescent-lit office listening to some yahoo spouting the usual office gossip and politics while you pretend to care?
And what could be better than to avoid ALL of those things and still earn MANY times more than what an office worker earns?
To me, that kind of freedom is priceless.
Please enlighten me, even in the most Socialist of societies, since when does 300 words per hour X 3 hours a day X 3 days a week constitute an effort to earn a living? A business owner always works MORE than a full-time employee, not less. Greater freedom only comes with greater responsibility.
Enough said.
I'm sure this post will create hate mail, but so what? I'm sitting at home making my own coffee and listening to the TV while I laugh at the flames from the newbies who can only translate 1000 words per day. ▲ Collapse
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| I read Samuel's post another way | Jun 11, 2011 |
@Gabriela - from what I understand of Samuel's post he's not using the 3x3x3 as what a newbie should be aiming for but rather the volume one can realistically expect to obtain at the beginning of a career, the rest of the time spent prospecting new clients and firing off CVs. If a newbie makes his calculations based on a 40-hour work week chances are he/she won't book enough work to fill those 40 hours and the budget will be way off!
| | | | | | apk12
Germany
Local time: 20:43
English to German
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| Oha? Costs of living irrelevant? | Jun 11, 2011 |
Krzysztof Kajetanowicz wrote:
I admit that to the extent that the article compiles what most people here would say on the subject, it's a good summary.
However, I think it's a mistake to focus on the cost of living and what the translator "would like" to earn. ...
No, I don't agree. Economists may think what they want to think and count whatever they count. If they forget this fact - that it should be a living translator, not his skeleton - actually the costs of living in the given target language country is a cost they HAVE to embed in their calculation, the translator won't deliver a professional translation from right of his grave.
The consequences, if economists forget that, are... translations starting world trips. With expectable quality afterwards. Well...
[Edited at 2011-06-11 13:06 GMT]
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