So have you ever thought of, that knowledge of more than one language can be fruitful? Oh yes it is you can run a business out of it by providing translation services.
If you know more than one language and are capable to translate from one language to another, a small business of providing translation services could be perfect for you.
Ok let me give you a small idea as what translators do. Translators convert documents, books and other forms of writing from one language to another.
You can also do a tourist guide job but that I will cover in my next article.
You must be fluent in one language other than your native language. Best you can do a certification or learn it through online.
Some of the potential challenges you may face starting a translation business include:
- If you are providing translation services to your client then you must have a thorough command on that particular language.
- Computerized translation programs and voice recognition technology can be a tough competition.
- It will take some time to establish the business.
- You may need a certification before offering your services.
- You may need office equipment, such as a computer with an Internet connection and possibly transcription equipment if you will be doing audio translation from tapes.
Below are the few steps for you to get started with Translation Services Business.
- Business plan. Plan out your business carefully keeping financial side in your mind. Decide if you want to alone, doing all of the translation or if you want to bring others in to help you. If you want to keep your business small and simple, you can translate only in your local tongue and the additional language or languages you speak. Take on the work that you can handle alone. If you are thinking to have a larger business hires other translators who are fluent in additional languages. Do all the financial planning as what cost will incurred in buying computer, internet connection, software, dictionaries, office supplies and a phone.
- Choose a location. If you are planning a larger business then choose a location for your business otherwise your home is the perfect location for you to connect with your client.
- Register your company. You must register your company legally before starting
- Rates and Term and conditions. Decide on rates that you will charge to your customer keeping in mind what cost you are putting on in daily basis in your business like power consumption, internet usage and stationary. You can check the market trend as well. Decide your terms and conditions which you will put forward to you client like what will be you turn around time for the work how the money will flow between you etc.
- Select your client.Select which types of clients you are looking for translation business. Initially you can choose one or two fields such as news papers and magazines, or books and novels etc, and then depending upon your experience and interest you can expand your business by providing services to medical organizations, law enforcement agencies, government agencies and businesses that specialize in importing and exporting products.
- Setup a website. Setup your own website in order to gain attention from your client since as you all know internet is the best source of becoming famous in no time.
- Create network. Go to careers fairs, business awareness raising workshops. Even places such as Twitter or LinkedIn can lead to building good professional relationships. Search your client by visiting them. Do more and more advertising.