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"Translator Business": How To Get Started

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If you have a linguistic talent and is fluent in languages besides your native one, a translation job can be a very viable career and business opportunity. Even more, if you are fluent in foreign languages which are currently high in demands of translating and interpreting, you can have a very decent earning.

The globalization and digital connectivity era increase the demands for interpreters and translators to connect multinational businesses as well as individuals. Starting this business might not require a significant monetary startup investment. However, obviously, a decent knowledge and linguistic skill will be required.

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If you think this business and career path might just be the one for you, here are a few tips to help get you started.

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1. Understanding Your Line of Work
You can start this business with just a reliable computer and internet connection. This line of business might not seem glamorous in the first place but can have a very promising earning potential.

The question now is, how to land the job? To get started, there are many freelance opportunities available on many online freelancing platforms. You might also go the traditional way, applying for a translator position in local multinational businesses.

2. Opportunities
Many businesses will require a translation and interpreter service, starting from multinational companies, book publishers, comic publishers, video game industry, and many others.

You can start looking for opportunities in the things that you love. If you are an avid comic book reader, you can try applying for a position in a comic book publisher.

3. License and Permit
Most location in the U.S. and worldwide won't require a special license or permit before you can engage in the business. However, having a certification of a certain language proficiency can highly increase your marketability.

4. Pricing Strategy
If you are freelancing, setting a proper price will be highly essential to the success of your business. In the early days of your freelancing career, you might be tempted to charge lower than the average market value.

However, it's best to have a certain standard based on the competition, as charging too low can hurt your value perception in your clients' eye.

Conduct a small research to understand the market conditions and competitors' pricing strategies.

Earning Potential

The U.S. national average salary for interpreters and translators is $44,190 per year or $21.24 per hour. As a freelancer, you can have higher earning potential than the average due to your flexibility to have more clients at once. If you have 4 to 5 translating projects a month on an average basis, you can easily make $3,000 to $4,500 a month.

Having big multinational companies as customers or retaining projects can also increase your overall earning potential. The key to success in this business is how to market yourself, and how you maintain good relationships with existing and potential clients.