Lately it seems that many freelancers are considering lowering their rates because of the worldwide economic downturn. In most cases, I think that lowering your rates is an unwise business decision that devalues not only your own work, but the work of other translators as well. In addition, I really believe, based on my own
So far, the language services industry seems to be holding up well in the ailing economy. Although I haven’t had as many inquiries from clients in the past three months, the size of my projects lately has been larger than usual; I finished 26,000 words this week and will start another large project next week.
…with credit to Barbara Stanny, the author of Secrets of Six-Figure Women (which would be a good topic for a post too!) Lately (and this impression was solidified at the recent ATA conference), I’ve noticed a very positive trend in our industry, that of the freelance translator earning over US $100,000 per year. Right now,
For translators who work with clients outside their home base countries, choosing a pricing currency can be an important business issue. For the past year or so, pricing in euros (or if you’re European Central Bank President Jean-Claude Trichet, pricing in “euro”) has seemed attractive for those of us based in the U.S. When the
Beth Hayden’s blog on blogging recently led me to a fantastic blog on personal finance, Get Rich Slowly (isn’t that a great title?). Although this blog is obviously not related to translation or even specifically to self-employment, it’s loaded with great advice for people in all types of financial situations; and of course, a big