When it comes to setting the right rate for your translation services, you have two alternatives: either take the price you are being offered or make the price you deserve to be paid.
Determining the ideal price for your translation services should follow a proactive approach rather than a reactive one. You need to become a smart competitor by learning to maximize your profits and avoid direct competition. But how do you do that?
I recently wrote an article for the International Association of Professional Translators and Interpreters (IAPTI), a civil association that aims to promote ethical practices and address issues of concern in the translation and interpretation industry. In my article there are seven recommendations to “make” your own price for your services. The Spanish translation was kindly contributed by Nora Escoms and the beautiful illustration is by Juan Manuel Tavella. I welcome your comments! Enjoy.