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Fees: The 5 Golden Rules for Translators and Interpreters

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This list was taken from the blog I posted last week Guide To Professional Freelance Translation-Interpretation | Part 4: Fees. Per-Word, Hourly or by the Job Rule 1. You set your fees. Decide on a fee which you find fair and acceptable to you .    Rule 2. Know how long a job will take you . Before anything else find out as much as you can about the job and review the source text(s).   Get an approximate word count.   After reviewing the job details, inform the potential client of your fee and a feasible delivery time ( giving yourself time for research, formatting, proofreading, revising, contingencies, and any unexpected problems) , one which you can guarantee quality and professional services. Rule 3. You decide your minimum hourly baseline fee. In other words the minimum amount you are willing to accept in order for you to stay in business. Rule 4. You decide if you charge rush fees. R...

Guide To Professional Freelance Translation and Interpretation | Part 4: Fees. Per-Word, Hourly or by the Job?

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Translators And Interpreters Do You Charge Per-Word, Hourly, Or By The Job? What makes more sense? By the word? By the hour? Or by the job? Does it make a difference? No matter what method you use, per-word, hourly or by the job, they all have time as their common denominator. Yes, it all comes down to time.  Your time. Because as the saying goes, "time is money". Your time and expertise -not just words- helps you determine your fee for each of these three common methods.   In the end, it is you who gets to decide what method is right for you . Since you might already have an idea of what you want your  target annual salary  to look like, you simply need to figure out your time and the role it plays in determining your fees. Regardless of which method you use, keep the 5 golden rules in mind. The 5 Golden Rules Professional Translators and Interpreters  Follow When It Comes To Fees *********...