Profile Updater/Financial/Default rate per word: What does 'target' mean?
Thread poster: Fredrik Pettersson

Fredrik Pettersson  Identity Verified
Hong Kong
Member (2009)
English to Swedish
+ ...
Jul 4, 2009

Profile Updater/Financial/Default rate per word: What does 'target' mean?

I understand 'Minimum' perfectly well: the minimum rate I can accept for a translation job.

But what is 'Target'?

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Csaba Ban  Identity Verified
Local time: 14:34
Member (2002)
English to Hungarian
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expected or ideal rate Jul 4, 2009

expected or ideal rate

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Peter Linton  Identity Verified
Local time: 13:34
Member (2002)
Swedish to English
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Two purposes Jul 5, 2009

Quoting a "target rate" to a customer service two purposes:

1. It indicates roughly the price range you are offering. It is also your default rate. This quickly eliminates customers looking for much lower prices.

2. it indicates to the customer that there is scope for negotiation, whether upwards for a specialist translation or downwards. Only quote a target rate if you are willing to negotiate the price.

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Profile Updater/Financial/Default rate per word: What does 'target' mean?

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