Poll: Are you planning to raise your rates in the upcoming new year? Thread poster: ProZ.com Staff
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This forum topic is for the discussion of the poll question "Are you planning to raise your rates in the upcoming new year?".
View the poll results »
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I don’t think it’s the right time to do it. So, I intend to continue to serve my existing client base at current rates (they are on the higher side) and depending on the subject-matter and other circumstances apply higher rates to new clients.
| | | | Tom in London
United Kingdom
Local time: 13:41
Member (2008)
Italian to English
ProZ.com Staff wrote: This forum topic is for the discussion of the poll question "Are you planning to raise your rates in the upcoming new year?". View the poll results »
No. Instead, I'm planning to never work with agencies that don't pay me my standard rate.
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I am planning to wait one year
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| What a coincidence! | Jan 7, 2022 |
One of my dear customers (food labels) has just announced that she will raise the rate she has been paying me by 15 %...
[Edited at 2022-01-07 09:17 GMT]
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[Edited at 2022-01-07 09:24 GMT]
| | | | | I weeded out among my clients | Jan 7, 2022 |
When I reached retiring age, I weeded out clients who pay low rates, or who ask for a lot of bureaucracy and paperwork that they do not pay for.
It's a luxury, I know, but I let them know why I did not want to work for them - and I tell them again if they try to ´recruit´ me!
With new clients I ask for a higher rate than some of my older, long-term clients, but I negotiate a little. If they are not willing to work on my terms, then I literally do not have time for them - s... See more When I reached retiring age, I weeded out clients who pay low rates, or who ask for a lot of bureaucracy and paperwork that they do not pay for.
It's a luxury, I know, but I let them know why I did not want to work for them - and I tell them again if they try to ´recruit´ me!
With new clients I ask for a higher rate than some of my older, long-term clients, but I negotiate a little. If they are not willing to work on my terms, then I literally do not have time for them - someone else comes by who will, or I can use the time on other things.
[Edited at 2022-01-07 19:27 GMT] ▲ Collapse
| | | | | No other choice, down here! | Jan 7, 2022 |
Argentina has been suffering from inflation since early 2002... Last year we reached 50%, YoY. Of course I will not raise my USD rates, my foreign clients will be charged exactly the same, but the local ones have already approved my new business proposals with a 30% increase since last July...
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Robert Forstag 
United States
Local time: 08:41
Spanish to English
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| Lowered rates, broader scope, infinitely flexible terms | Jan 7, 2022 |
Faced with the reality of the inexorable downward pressure on rates in a language pair where competition has reached white-hot intensity, I've had no choice but to lower my rates to keep my head above water. It is important to stress that these rates are lower in both real and absolute terms than those I charged 15 years ago.
I've compensated as best as possible by expanding my work day to 16 hours when needed, and by increasing the scope of the projects that I'm willi... See more Faced with the reality of the inexorable downward pressure on rates in a language pair where competition has reached white-hot intensity, I've had no choice but to lower my rates to keep my head above water. It is important to stress that these rates are lower in both real and absolute terms than those I charged 15 years ago.
I've compensated as best as possible by expanding my work day to 16 hours when needed, and by increasing the scope of the projects that I'm willing to accept. Even scans of endless pages of blurred and diminutive handwritten text and documents with labyrinthine formatting requirements are very much on the table now (with no surcharge, of course). I also no longer bat an eyelash over 90-day terms, and I don't send whining reminders when payment is a month or two late.
That's all for now. Got to get back to work! ▲ Collapse
| | | | | Yes, of course | Jan 7, 2022 |
I raise them every year. I’m not providing a 5 cent service so I don’t charge 5 cents.
My clients aren’t paying me to look words up in a dictionary and type them out. They’re paying me to angst over punctuation and grammar and synonyms so that people are more likely to read and believe wot I writ, innit.
| | | | | Raised Them At The Beginning Of 2021,.. | Jan 7, 2022 |
...and I will stay at those during 2022, even though we are experiencing hyper-inflation here is the US. Requests for literary translations from European authors were next to non-existent in 2021, and the projects I undertook at that time were awarded to me by clients located here in the US who paid me what I requested. My tendency now is to only work for US clients, because even an agency headquartered in Europe that I had worked for at a very good rate many years ago now refuses to accept my s... See more ...and I will stay at those during 2022, even though we are experiencing hyper-inflation here is the US. Requests for literary translations from European authors were next to non-existent in 2021, and the projects I undertook at that time were awarded to me by clients located here in the US who paid me what I requested. My tendency now is to only work for US clients, because even an agency headquartered in Europe that I had worked for at a very good rate many years ago now refuses to accept my services, even at that original rate, which is, at the very least, what one should be paid now, given the current economic situation. ▲ Collapse
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I always try to agree on the most beneficial price for me, but I also have to adapt to the client.
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Edward Potter
Spain
Local time: 14:41
Member (2003)
Spanish to English
+ ...
Robert Forstag wrote:
Faced with the reality of the inexorable downward pressure on rates in a language pair where competition has reached white-hot intensity, I've had no choice but to lower my rates to keep my head above water. It is important to stress that these rates are lower in both real and absolute terms than those I charged 15 years ago.
I've compensated as best as possible by expanding my work day to 16 hours when needed, and by increasing the scope of the projects that I'm willing to accept. Even scans of endless pages of blurred and diminutive handwritten text and documents with labyrinthine formatting requirements are very much on the table now (with no surcharge, of course). I also no longer bat an eyelash over 90-day terms, and I don't send whining reminders when payment is a month or two late.
That's all for now. Got to get back to work!
You have an accurate feel for what the market in our pair is like. With your attitude I predict you will weather the storm. We will see how fast the bottom feeders leave.
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