Money Archive

Some thoughts on saturated markets

There are a lot of disparities within the translation and interpreting industry, and one of those is the difference between language pairs/specializations that are fairly rare versus those that are fairly saturated. In this post I’ll both offer and request advice, since I often have students in my online translation course who work in saturated

When a non-paying client "plays dead"

Non-paying clients are never fun to deal with, but it can be especially hard to deal with a non-paying client who “plays dead”: simply never responds to your phone calls, e-mails or letters. As a freelancer, what’s the best course of action when faced with a client who owes you money and practices nonviolent noncooperation?

Two cents, or $10,000?

If you’re a freelancer, you probably conduct price negotiations with clients or potential clients almost every day of your professional life. For translators, especially translators who work with agencies, these negotiations often come down to a difference of one or two cents. Your minimum rate is 15 cents per word and the client will only

A few financial management tips

After working all day on my business taxes (year-end and fourth quarter…I need a mocha!), my thoughts are firmly stuck in the financial realm. So let’s stick with that topic and talk about some tips for managing your freelance finances. Some of these are US-specific and some apply worldwide, so especially if you’re an overseas