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Price Calculator

Knowing a language is a prerequisite for doing business in the translation industry. Having an idea about prices even more so. Price dumping has caused more problems than it helped acquiring projects and not few had to painfully learn that there is a difference between cut-pricing and destructive fares. If a partner doing business with you requests best offers it becomes most vital to know what your personal limits are.

In the end price calculation is mere math considering the important facts. These facts are for instance knowing your monthly costs of living and costs for doing business, taking into account your taxes and insurances and costs for material etc. Knowing how much time you can spent working for money instead of working for acquisition and self-organisation will help, too. There is an article in our knowledge base dealing with pricing and calculations that 'll go into more detail. If you're in a hurry this simple price calculator shall help you calculating your best offers that still pay off.

Days per Year 365
Weekends
All Holidays per year
(including National Holidays)
Administrative Work in Days per Months
(doing your taxes, writing incoices, checking balances etc)
Days per month you spent acquiring projects
How many words per Day do you produce / translate words
Monthly Costs
(costs for living, taxes, insurances, health care, rent)
Yearly Costs
(equipment, licenses, material, books, electricity, heating, etc.)
National VAT you charge %
Minimum profit marge you wish to make %
Hours per day you work
To only cover your costs you will need to charge per word at least € / word excl. VAT € / word incl. VAT
To only cover your costs you will need to charge per hour at least € / h excl. VAT € / h incl. VAT

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Translation Contract. A Standards-based Model Solution
Uwe Muegge


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