Translator Jobs – A Review of the Standard Rates in the Translation Market
Freelance translators may work for a translation agency, an offline translation company, work directly with end clients or get translating jobs from any of the online marketplaces.
Companies with no online presence tend to get remote magento jobs fewer translator jobs and offer relatively lower rates. On the other hand, while working as a freelancer for a translation agency you may get regular work and be independent as well. The problem is that these agencies take a large percentage of payment from the client, which lowers the earning of the freelancer who does the translator job.
Working with direct clients and finding any translation job from a marketplace assures relatively better earnings. But many service providers, especially the fresh entrants are not sure about what rates to charge. This leads them to make mistakes when quoting a price for translation jobs. Sometimes they suffer a loss by quoting a lower than standard rate for a translator job. Other times they may lose a client because of quoting a higher rate.
Most of the popular online marketplaces like Proz.com or translatorpub.com do not provide much help in this matter. In these sites, the service provider has to make his own bid and negotiate with clients. So the service provider has to develop an understanding of the standard rates by applying to each translator job. A translator needs to realize that the price of a translator job is influenced by a number of different parameters. These are the target and the source languages, the level of expertise needed and the time of the week, among others.
The average earnings of translation service providers range from less than 10 Euros to more than 100 Euros per hour. A major percentage of service providers earn between 10 to 30 Euros per hour. About 2% earn upwards of 40 Euros, and 1.2% earn more than 100 Euros per hour.
If we take into account the net monthly income of translators we would find that it ranges from 200 Euros and less to above 10,000 Euros. Out of this the majority of translators, that is around 34%, earn between 1000 to 5000 Euros, about 5% earn between 5000 to 10000 Euros and only 2% earn over 10000 Euros.