By Korina Hansel,
an experienced Germany-based freelance translator & author
and member of the Babelport SiteTeam,
Leipzig, GERMANY Over the past decades, due to the advance of technology but also that of globalization, translators have wittnessed a severe decline in rates and an increase in the number of customers looking for the lowest rates. But how much should you charge?
When you are quoting for jobs you will almost always be asked for your rates, which are usually given per word. In order to be able to do so, you will have to calculate exactly what your costs of living and running your business are. Take into consideration how much you could work per day and month and break this down to a price per word figure.
For example, if you are working from home and your rent is 600€ per month and you need another 1000€ for all additional costs (telephone, insurances, food, car etc.) you will need to make at least 1600€ per month. Ideally you could w... Read more »