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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.

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Vikas January 28, 2020 0 Comments

4 ways to make money online in 2020

We already in 2020. It’s time to do some work and launch our solutions.

If you are like me, you probably have set enough goals to make you a decent amount of time. All new year, new me.

Going to the gym, eating healthy food, and other similar things are probably on your list for 2020. How about a new way to increase your spending budget? Honestly, a little extra money is always convenient.

Fortunately, there has never been a lack of ways to make money. Especially if you are looking for something that you can do online without leaving your own home.

Freelancers are becoming more common. A recent study shows that more than 64% of freelancers report that they found work on the Internet easier than last year. Permanent freelancers who earn more than $ 75,000 a year have also grown by 15%. Why not join their ranks?

If I got your attention, keep reading to see 4 ways to make money online in 2020.

# 1. Affiliate marketing

Little happens in capitalism without marketing. Companies and entrepreneurs are always looking for new ways to market their goods and services. A simple online search for “affiliate marketing” will yield over 400 million results. This shows how important affiliate marketing is today.

For those of you who don’t know, affiliate marketing is a way to promote products or services on your blog or platform. You do this by creating a trackable link from your page to the product page. When one of your readers makes a purchase using your link, you get a commission.

make money online 2020

There are many ways to get an edge in your business, the fastest of which is Amazon affiliate marketing. The retail giant has thousands of products that are eligible and that can bring you a very good amount of money every month.

# 2. Application testing

If you are a little tech-savvy, then application testing is one of the best ways to earn extra money in 2020. Each application is tested, regardless of the platform on which it runs. Traditionally, before the official launch, there is at least an alpha and beta version, although this is not always the case.

Each application needs to be fixed before being published. It may have problems with usability, bugs, problems with functionality and so on. I’m thinking about it. Some of the already published applications that we use now have their own errors and functional problems. If you want to be part of the solution, application testing is the way to go.

To be an application tester, you must have at least a smartphone or computer. Some companies that offer testing applications will also require that you have a working microphone and camera. Most tests begin with a complete set of instructions and can take anywhere from 15 minutes to an hour. Most often, you will be asked to complete a predefined set of tasks. At the same time, your actions in the application, facial expressions, and even voice expressions will be recorded.

At the end of the process, you will have to provide a detailed description of what you liked and did not like, which prompted you to take certain actions, and perhaps even give some tips on how these tasks could be completed more easily.

Now you have various platforms at your disposal, among which TesterWork and UserTesting are some of the most popular. All you have to do is create an account and you are ready to go. Naturally, make sure you have a PayPal account to facilitate the payment process.

# 3. Guest blog

I’m sure you’ve heard about this before, but guest blogs remain one of the best ways to make money online in 2020. Now, as never before, the possibilities are almost endless. There are many sites that pay good money for quality content. Do not get me wrong, writing interesting and informative content is not an easy task. However, with the right amount of commitment and practice, I believe that everyone can do this.

The guest blog is a very dynamic market, where each company has its own niche, writing style, and target audience. You will have to adapt to these requirements if you want to publish a quality guest post. In addition, you should visit the website you want to collaborate with and check their messages. Take notes on tone and style and apply them in your letter.

Also Read: Start Digital Marketing course in Varanasi

There will be a lot of pitching. You must transfer your work to the owner and wait for their approval. It is not always so. Not everyone will accept your content from the start. Once you make a name for yourself in the industry, everything will go smoothly.

When your guest post is accepted, talk about payment will begin. In some cases, you will be paid depending on the traffic that your post generates. In other cases, you will be paid depending on the number of words.

# 4.transcription

This is another great way to make money online without leaving your own home. This is not something new, but still very profitable. The best part is that most companies looking for this type of service are also looking for quick solutions. This means that you can quickly make good money.

There are sites like Rev or TranscribeMe that offer you the ability to work without any prior experience. This is an open door for many people. First, I suggest you stick with videos that occupy a niche that you are familiar with. It will be much easier to understand and decrypt the video for sure. Once you master this, you can move on to more technical videos. At first, it will be more difficult due to technical terms that may seem unfamiliar.

Conclusion

There are many ways to make money online. Some are better, some are worse. Some pay more, some pay less. In the end, it depends on what you are comfortable doing. If you love writing, guest blogging is a good choice. If you do business and manage financial opportunities, affiliate marketing is what you need. If you are a technical specialist, application testing will expand your knowledge of the intricacies of application development.

There is something for everyone. Now go make the most of 2020!

Happy New Year. 

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Vikas January 2, 2020 0 Comments

How to make money online from a website from scratch?

Make money online from a website scratch? A question that many have!

Many people wonder how to start your own business? But not everyone has the opportunity to immediately organize it. A profitable way to make money can be a business on the Internet using the site. How to make money online from a website from scratch ? There are many options, the main thing is that the resource actually works, and for this you need to try.

Which site can be considered profitable?

Creating a website, it should be understood that making money on the website from scratch , without putting effort, is almost impossible. You will have to work every day, and only after some time your child will begin to bear the first fruits.

In order for the site to work and have the necessary attendance, it must first of all be interesting to the visitor, have unique, useful content.

Did you know? Blogs That Sold For Millions making money online

How to make money on a website from scratch? Basic methods

Let’s consider with you the main options for making money using your own website. Among the main methods should be noted:

  • sale of goods and services through the site
  • sale of contact information
  • contextual advertising
  • posting articles on the site
  • banner advertising on the site
  • information business.

Sale of goods and services on the site

You can earn money on the site from scratch by selling a variety of goods and services over the Internet. The presented method is simple and proven over the years. You buy goods, launch the site, place ads there. Visitors choose the item they like, place an order. You send it to the customer and get your money. Everything is simple and easy, but, again, the site should attract the attention of the buyer and only then the trade will go well, and you will have a steady income.

We earn on the site from scratch by selling contact details

What does this method mean? For example, you place information on your site that will be useful for a beginning businessman, and you leave contacts of people useful to him there. These can be lawyers or people who make business plans to order. You negotiate with such people about providing them with clients, they pay you a percentage for it.

contextual advertising

Are you interested in the question of how to make money on the site from scratch ? The most prestigious today is the method of placing on its website contextual advertising. This is when the site contains links to other sites that have similar information that may be useful to the user.

Earn by posting articles on the site

With this method, you generally “kill two birds with one stone”: earn money and promote the site. The fact is that by posting articles on your site, you fill it with interesting content and attract the attention of readers.

It is necessary to be careful, as some authors create truly unique texts, while others simply take the ready-made articles to swap words, sentences and paragraphs, thus passing them off as their own. Such texts are hard to read and uninteresting. So be careful and watch what you post on your site.

Banner advertising as a way to make money

We earn on the site from scratch with the help of advertising banners! You have a website, but you have not yet decided how to earn money on it? Sell ​​it space for banners. You will be paid for showing advertising banners.

Information business

If you understand well in some area, you can record video tutorials, develop a whole course and sell them from your site. You can sell your courses or agree with a person who would like to sell your video course.

These are just a few methods by which you can make money online or from a website, You can learn more about making money online and creating sites by visiting our Free 15-day course on creating websites in Varanasi.

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Vikas March 18, 2019 0 Comments
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