Calculate Your Potential Earnings
How much should you charge for your work? This is a great question! When it comes to rates, most translators and interpreters would like to know that they are in the same ballpark as everyone else, and newcomers just want to know what the ballpark is. The best answer? You have to find out how much money you need to earn, and then figure out how much work it takes to earn it.
One final thing to take into account: this is your annual gross income. You now need to subtract your taxes and other business expenses—or better yet develop a formula using a percentage of your gross income for this calculation—to determine your net earnings.