Freelancing is on the rise in the US and around the world. According to recent surveys, almost half of our entire workforce will comprise freelancers by 2020. The so-called “gig economy” doesn’t only include professionals and specialists who offer their time and skills through digital or other means. It also includes people who participate in peer-to-peer platforms, such as Uber and Airbnb, which allow users to provide services through a sharing ecosystem.
For anyone skilled with a second language and the relevant qualifications, freelance translation jobs can be an excellent way of earning money. There are many translation services online looking for skilled translators. According to a report by U.S. News & World Report, freelance translators earn an average $44,190 per year, with the top percentile earning as much as $60,000. But earnings can vary depending on the language pair, experience, and the demand for such services. Which means that not all freelance translators will earn the same.
What’s great about freelance translation work is that you can offer your services from practically anywhere, especially if the material involved is written. With the popularity of cloud-based online collaboration software, broadband access and freelancing platforms, you can make a good living from doing work-from-home translation assignments. Other translation works include writing subtitles for audio-visual material or translating recorded audio.
Remember that, as with any freelance work, earnings won’t be the same per project or per client, although you can certainly set a standard rate for yourself when working independently or through a freelancing platform. But how do you optimize your earning capability as a freelance translator? Read on to find out!