fbpx

How much can you earn on freelance

Being a freelance translator is not easy, especially when it comes to setting up and charging your own tariffs. Let’s try to calculate how much you can earn on freelance. While you need to set bids at a level that suits you, you should also set them at the price at which it is comfortable to pay in the market.

On the one hand, you want to earn a decent life, but on the other hand, you do not know what indicator per word will allow you to do this.

We understand this, and even if calculating your bet may seem a little complicated, you will soon become comfortable with this useful guide.

Determine how much you want to earn on freelance

The first thing you need to do is determine how much you want to earn. Keep in mind that factors such as cost per word and the speed of your translation are important when calculating your fees.

For example, if you take $ 0.1 per word, and a 2000-word translation takes five hours, then you will earn $ 200 a day (unless, of course, you work longer than hours). However, if you speed up your translation work (and maintain quality) and translate 3,000 words in five hours, then you will increase your income by $ 100 at the same time.

A good way to determine your earnings is to work in the opposite direction from how much you need to earn per week or month. We can break up the weekly example:

Suppose you want to earn $ 1,000 a week (excluding weekends), and you can comfortably translate 200 words per hour. If you charge $ 0.1 per word, you will need to translate 10,000 words per week and spend 50 hours translating to achieve this.

This can be crucial when you are planning to work with a very large project that can take three months of full-time work (for example, a technical website). When you set your bids for these types of projects, make sure that you consider how much you need to earn in three months, and whether you can take on other projects.

Factors to consider when deciding on a bid

Setting a minimum bid can be a very reasonable strategy, as you can use it as an influence tool, taking into account factors such as your experience, your language pair, your potential customers, as well as the subject and duration of the project, to finally accept the decision regarding assessment.

 

Your experience

If you recently graduated or are looking for your first job in the translation industry, then you may be tempted to charge less than with more experienced colleagues. This is a common misconception. Your years of study and your knowledge are valuable, and you should not offer them cheaply, as customers will continue to demand refined and professional translations from you. If you lower the minimum bid, then you are working hard to make high-quality translations almost for free.

For your first assignments, if you are not sure about the quality of your translations, it is better to ask the client about an acceptable minimum rate and check the text with a trusted experienced reviewer. Thus, the client will receive a quality translation, and you will earn enough to pay the reviewer and get useful tips to improve your skills.

Your experience

If you recently graduated or are looking for your first job in the translation industry, then you may be tempted to charge less than with more experienced colleagues. This is a common misconception. Your years of study and your knowledge are valuable, and you should not offer them cheaply, as customers will continue to demand refined and professional translations from you. If you lower the minimum bid, then you are working hard to make high-quality translations almost for free.

Also Read: How to Start Your Career in digital marketing

For your first assignments, if you are not sure about the quality of your translations, it is better to ask the client about an acceptable minimum rate and check the text with a trusted experienced reviewer. Thus, the client will receive a quality translation, and you will earn enough to pay the reviewer and get useful tips to improve your skills.

Your language pair

Simply put, high demand (a popular language combination) and high supply (a large number of translators) mean lower translation rates, while high demand and low supply mean higher translation rates.

For example, English> French or English> Spanish – these are language pairs with high demand and large supply. This means that they will have more competition, and therefore, they do not have much room for negotiations before the client chooses a cheaper option. In contrast, rare language pairs, such as Hungarian> English or Norwegian> English, can lead to higher rates because the competition is lower.

The Proz translator average betting table is a good starting point for setting a minimum bid.

Client

When you quote a company located in a low-income country, it is best to offer a lower limit to your tariff range in order to get a better chance at work (you can also always refuse to work). On the other hand, if you are quoting your old customer, it’s always useful to show them that you value their loyalty by lowering your bid slightly (never dropping below the minimum).

Deadline


Will this project make you work out of work to meet deadlines? If so, feel free to include an extra charge. A 20% -25% increase in your bets is good for reflecting this. Obviously, you will need to indicate your day-to-day translation capabilities and how this deadline will affect your work routine as soon as possible before embarking on a project.

Subject

Translators can usually work on different subjects and areas, but specialization in one or two areas can bring many benefits.

You can increase your rating if you prove yourself as a translation expert in a specific field. At the expert level, you can translate faster, because you will be familiar with this topic and will spend less time learning technical terms, which will eventually turn into time savings, which will allow you to take on more projects and get more income.

However, you decide to calculate your rates, it is very important that you work diligently and responsibly to get regular customers. Remember that translators who are confident in their skills and abilities will always find great customers willing to pay as much as their work costs.

Read More
Vikas January 28, 2020 0 Comments

How To Make Money On Affiliate Programs On The Internet

Hello dear readers! Today I’ll tell you how to make money on affiliate programs on the Internet! This is a bit belated article because various affiliate programs have been around for a long time. They continue to work, and partners continue to earn money successfully. I will say right away that to earn money on affiliate programs you will need your public or website that has traffic. But, as I found out recently, many do without it, below I will tell you how. In general, in today’s article, I will share with you the colossal experience I have accumulated over many years of how to make money on affiliate programs on the Internet.

What is an affiliate program and how does it work

For many site owners, affiliates are almost the main source of income, for someone they occupy a decent part of the income, in addition to AdSense and YAN. I was no exception in this system of earnings and also have been using affiliate programs for many years. Next, I’ll tell you what.

What is the essence of affiliate programs

By participating in an affiliate program, you receive money for some actions that a user who clicks on your affiliate link from your site or group (Vkontakte, Facebook) will take. This action may be:

  • Registration on the website.
  • Newsletter subscription.
  • purchase or order of goods or services (information and training courses; services for providing, for example, legal or accounting services, and of course online stores).

Example: You post a bank affiliate program on your website. Your readers follow the link and apply for a loan at this bank. You are dripping, for example, $700  for each person who issued a loan through your website. And if you have a thematic site on loans and high attendance, then you can imagine how much you will earn on this affiliate program. And the most interesting thing is that you do not need to engage in advising clients, or hiccup and purchase popular products. All this is done by your partner, and you only get a percentage of this.

How the buyer/customer who came from you is recorded

For those who are just getting acquainted with affiliate programs, a logical question arises: how does a partner know that a client has come from you? Everything is simple. We live in the 21st century and our computers, or rather browsers, record our movements on the World Wide Web by storing cookies (kookie). The partner will see that the transition to the affiliate program was made from your Internet resource, after which you will receive the agreed reward.

Commission amount

The amount of remuneration for all is different. Someone is ready to give you 100% of the sale, in return for the customer’s return data (contacts, mail). Someone pay 10%, and someone 70%.

But there is a pattern:

  • Information products (training courses, training, video tutorials, etc.) the size of payments – from 50%.
  • Product affiliate programs – no more than 40%.

How to withdraw money from an affiliate program

Automatically.
Manually.
In some affiliate programs, money is automatically withdrawn upon reaching a certain amount ($ 300, $ 1,000) or after a month. In order for the money to be withdrawn automatically, the service will require you to attach a wallet (for example Yandex Money ) to which it will withdraw the money you earned.

How to choose the affiliate program

There are many affiliate programs. When choosing a program, rely on your audience, the subject of the site or group. On the women’s website or group, you can place an affiliate program for cosmetics, jewelry or clothing. But there is general thematic. For example, games, or dating sites. In general, there is a lot of choices, the main thing is to try and select for your audience.

How to register for an affiliate program

Having decided on an affiliate program, you do not know what to do next. Everything is simple:

  • Register on the seller’s website of the product (service), as well as in its affiliate program. It is important to indicate your real data so that there are no difficulties with the withdrawal of money.
  • Register in electronic payment systems convenient for you (YandexMoney, Qiwi, Webmoney, etc.).
  • Get your unique link and additional materials from your partner (promotional codes, if any).
  • We promote and distribute your link in all ways convenient for you.

Types of Affiliate Programs

  • Disposable – you once sold a product (for example, an information course, training, lesson) and that’s all, that’s where your earnings from this affiliate program are over.
  • Reusable – you get a percentage of the company’s income that it received from the person who clicked on your link. Here your relationship with a partner is longer.
  • Regular – perhaps the most profitable and convenient and stable type of cooperation. Referrals regularly say monthly pay a partner company a certain amount of money for using their service. You get a percentage of this payment also every month.

Types of partnership affiliate

So, one of the first things that interests us in the affiliate program is what makes up earnings. Be careful and pay special attention to this.

  • Pay per click ( pay – per – click , PPC or cost – per – click , CPC ) is one of the lowest payments. It does not exceed more than three cents per transition. The thing is that you only pay for the passage of a potential client by reference. It does not affect whether he bought the product, ordered the service or not.
  • Pay per impressions ( pay – per – impression , PPI ) – the low pay rating continues to pay per impressions. In this case, it does not affect whether someone clicked on the link or not, you are paid only a couple of bucks for about 1000 impressions. Consider how many visitors you need on the site or in public to make a decent profit on this.
  • Payment for committed actions ( cost – per – action , CPA or pay per action , PPA or pay – per – lead , PPL ) is already more interesting. Under these conditions, you will be paid for those actions that the client clicked on the affiliate link: registration on the site, filling out a questionnaire or application for a loan, downloading a file. The remuneration here is already bigger, but you can think about earning.
  • Payment for making a purchase ( pay-per-sale, PPS or c ost-per-sale, CPS ) – people who click on your link must buy a product or service offered by a partner before you receive your reward. In many ways, the reader of your site to buy a particular product or service depends on you, on how you place a call to action. This is all in your interests, as the amounts here are completely different, you can earn much more on this. Here you can already talk about the percentage of profit (from 10% – 100%).
    To say that some of these types of partnerships is more profitable is not right. If you make your own efforts, then on any of the above conditions, you can earn decent money.

For More Infomation How to Make Money Online Enroll Our Course : Advanced Digital marketing Course

 

Pros and cons of earning affiliate programs

Pros:

Simple and affordable. In order to earn money on affiliate programs, you do not need special knowledge of the code or anything else. Everyone, not even the most advanced PC user, has the skill of placing affiliate links, and talking about site owners is generally not worth it. I registered with the affiliate program – posted a link – received money. You do the work once and continue to make a profit all the time.
Profit. It’s really possible to earn on an affiliate program. The issue of price. Someone from the first days earns $ 2,000, and someone 300 $ per month. It all depends on you. I repeat, for many in the article “revenues”, affiliate programs take the second and even the first place.
No investment required. This is especially true for owners of their own sites, blocks, publics. You are not wasting anything but your time.

Cons :

Risks. As with any business, there are also risks. So for example, if you stay in a paid public, you will not get the desired result. Or by clicking on your link, payment will occur directly with the seller, and not through payment systems.
Unstable income. Do not forget that in the period from May to September there is low activity on the Internet, and on the contrary, before the New Year, people are more solvent and ready to say goodbye to their money. Do not forget about seasonal goods: heaters are not sold in July.

Read More
Vikas December 1, 2019 0 Comments
Call Now
Get Details