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Poll: What is the current trend for your rates?
Thread poster: ProZ.com Staff
ProZ.com Staff
Local time: 17:32
SITE STAFF
Feb 24, 2010

This forum topic is for the discussion of the poll question "What is the current trend for your rates?".

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Catherine Winzer  Identity Verified
Germany
Local time: 02:32
German to English
+ ...
up and steady Feb 24, 2010

Steady with existing clients, generally an upward trend with new ones.

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Valeria Ines Lagos Terrizzano
Spain
Local time: 02:32
Spanish to English
+ ...
up Feb 24, 2010

Same as Catherine: steady for existing clients, upwards for new ones, and less room for negotiation: if you want quality, pay for it.

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Caroline Lakey  Identity Verified
France
Local time: 02:32
French to English
Snap Feb 24, 2010

Catherine Knight wrote:

Steady with existing clients, generally an upward trend with new ones.


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Penelope Ausejo  Identity Verified
Spain
Local time: 02:32
English to Spanish
+ ...
Same here Feb 24, 2010

Caroline Lakey wrote:

Catherine Knight wrote:

Steady with existing clients, generally an upward trend with new ones.


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Alexandra Speirs  Identity Verified
Local time: 02:32
Italian to English
+ ...
Who's going down? Feb 24, 2010

My trends are the same as everyone else so far, I'd really like to know who's voting "down" and how they justify it!

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xxxInterlangue
Angola
Local time: 02:32
English to French
+ ...
Exchange rates... Feb 24, 2010

Alexandra Speirs wrote:

My trends are the same as everyone else so far, I'd really like to know who's voting "down" and how they justify it!


... could be one explanation!


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neilmac  Identity Verified
Spain
Local time: 02:32
Spanish to English
+ ...
Same old same old Feb 24, 2010

In Spain, recovery from the crisis is apparently taking longer than in other countries, so we are keeping our rates the same as in 2008, even though the cost of living is going up in general.
I have upped my hourly rate from 30 to 35 euros but it is still reasonable, more or less the same as what my mechanic or plumber charges, and anyway, the amount billed to the client will still be the same as before, because I always round off the total due so that they get a small discount.
My method may not be very professional or conventional but it works for me...


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pvasquezlopez  Identity Verified
Chile
Local time: 22:32
Member (2009)
English to Spanish
As most of you, steady for existing customer Feb 24, 2010

In my case, just one of my customer asked for a lower rate.
This 2010 looks better than 2008 and 2009.


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David Russi  Identity Verified
United States
Local time: 18:32
English to Spanish
+ ...
Unchanged Feb 25, 2010

But let's be clear about it: that is a net loss, OK?

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Andrea Santambrogio
Argentina
Local time: 22:32
English to Italian
+ ...
Steady, but hard to find new clients Feb 25, 2010

Steady with existing clients as well, but it's more difficult to find new clients at the same rates I'm using, despite of my relatively long resume

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Muriel Vasconcellos  Identity Verified
United States
Local time: 17:32
Member (2003)
Spanish to English
+ ...
Steady, but... Feb 25, 2010

... I have accepted some jobs at lower rates than I would have considered two years ago. It's nothing new for potential clients to try to talk me down, but I have found myself relenting in cases where I was interested in the work and wanted to broaden my customer base.

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Henry Dotterer
Local time: 20:32
SITE FOUNDER
Rates falling for 12% of respondents -- that is a lot Feb 25, 2010

Hi all,

12.3% (as of now) of respondents report that their rates are trending down (vs. 20% trending up). That means rates are trending down for one in eight translators (while they are trending up for one in five.)

The fact that rates are rising for a substantial number is typical, it is what one would expect and what we always see in polls or surveys such as these. But the one in eight figure is larger than what we have seen in the past.

I wonder, do the 12% have anything in common about their situations? Is this happening by language pair or geographical area? Does it depend on subject matter?

Any advice from those whose rates are rising? What is working for you?


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Angela Arnone  Identity Verified
Local time: 02:32
Member (2004)
Italian to English
+ ...
Steady - slightly up Feb 25, 2010

My regulars I can't shift upwards. As David says, steady is negative.
Many direct customers I quote on each project so it's difficult to analyze but certainly I shift slightly upwards for most projects.
I ask all new contacts for higher rates. Most do not give me the work.
I note a trend for slashing prices from agency customers and this is a great concern.


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Mary Worby  Identity Verified
United Kingdom
Local time: 01:32
Member
German to English
+ ...
Up Feb 25, 2010

The trend is definitely upwards from where I'm sitting. Partly due to new, well-paying customers and partly, admittedly, due to the strength of the euro against the pound!

Some of my lower-paying customers seem to have slipped off the radar too. I've been asked by one customer, I think, to reduce rates, but refused.

I'm fairly strict about what rates I accept, and often miss out on potential new work because I'm not prepared to compromise on my rates. But I'm still busy!


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