According to the Bureau of Labor Statistics Occupational Handbook, “Individuals classified as language translators or specialists in the Federal Government earned an average of $79,865 annually in March 2009.”
For small business owners looking to create a multi-lingual translation business, imagine the money you could make providing professional document translation services for global corporations online.
To create a profitable and successful document translation service, you’ll need basic small business and marketing tips to create your dream business providing freelance language services for telemarketing firms, call centers, advertising agencies and government agencies.
Learn the multilingual translation business from a seasoned document translator or an established translation company.
A language translator coverts audio and text from one language to another language without destroying the original meaning and nuance of the original language. To grow your freelance translation business, knowledge of language transcription and many languages is not enough to become successful in this field.
In fact, experienced translators must develop strong relationships with human resources and marketing department who require document translation services. A professional translator with a minimum of 7 years of experience will teach you important tips and tricks on build relationships with top executives and create error-free documents.
Apply for all the important business documentation required by your state and local government for your new language services business.
Contact your Secretary of State's business office to determine what forms you’ll need to create your company. Contact the IRS for an EIN number to establish business credit for your document translation service company and open a banking account.
Identify your document translation niche.
Positions within the translation field vary. Research the different types of translation services at the website of the American Translators Association at www.atanet.org. It is imperative that you brand your translation company as a firm that specializes in many languages, instead of a general service or English and Spanish only translation company.
Are you a specialist in medical or legal documents? Or a specialist in commercial and technical translation documents? By identifying your language services niche before your launch your certified document translation services firm, you will attract the right customers and reliable freelance translations for your business.
Make a list of your ideal translation services clients.
Once you've identified your niche and completed all local and state business requirements, choose the top 50 companies in your state that use certified document translation services or are a localization and translation company. Prepare your sales letters and marketing materials to solicit professional document translation opportunities within your list of top 50 clients.
Create an online and offline marketing strategy to grow your document translation services.
Start blogging to become a thought leader within the language services community. Give speeches at translation industry meetings or give free accurate language services to a few global non-profit organizations. Develop a comprehensive marketing plan that creates brand loyalty and brand awareness, beyond your business name, logo or website.
In this trying economy, a freelance document translation service is a great work at home business for women who speak many languages, have an eye for accuracy and detail and want to reap the financial and intellectual rewards of small business ownership.