Translation Prices Explained

THE TRANSLATION INDUSTRY

TRANSLATION PRICES EXPLAINED Universal Translation Services 2021

The Servi ce Indust ry

THE FACTORS AT PLAY Every decision people make when buying a product depends on various factors. Not only do they have to consider the quality of the product, but also its price. Sometimes, people are willing to pay more for a product if it was made by a well-known company.

This is why famous brands set such high rates of their products.

They know that people will buy their products regardless of the price.

The situation in the service industry is a bit different. Big companies might charge their clients highly for a service, but that doesn’t mean that they will be able to deliver quality solutions.

This is why it is important for people to know how to make the right decision when hiring a service provider.

Universal Translation Services 2021

THE INDUSTRY One of the most popular industries today is the one that provides linguistic assistance to individuals and businesses.

It is impossible for the world to survive without the help of translators. But like every other industry, this one also has different rules about pricing.

The Translation Industry

People can get confused when ordering a translation for the first time. They might end up paying more than the standard amount.

But it’s worse when they get charged highly and still don’t receive quality services.

This is why many people find the translation industry very confusing.

Universal Translation Services 2021

Research: Translati on Prices IS THERE A PATTERN IN PRICES? In order to make the decision-making process easier for clients, Universal Translation Services conducted research on prices. The purpose of the research was to find a pattern in the pricing policies of different agencies. The results were going to help people figure out which agency they should hire when they are in need of linguistic assistance.

The focus was placed on rush rates, the rates of certified translation, and standard prices. Here’s what the survey results showed:

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The Research & RESULTS

01

Rush Rates Whenever people are in a hurry, they want the service provider to deliver the finished project as quickly as possible. In such a situation, clients are not in a position to say no to the service provider’s rate, no matter how high it is.

When asked for a rush translation, ten agencies said that they could provide the service for twenty-five dollars. But the majority of agencies were offering urgent services for more than fifty dollars. A few had their rates before twenty-five dollars, and only one was willing to do the job for ten dollars. $102 was the highest rate being charged for an urgent service.

02

Certified Translation When a two-page document containing 447 words were sent to different agencies to get a quote for certified translation, the answers showed an interesting aspect of the language industry. While twenty-eight agencies were asking for 70$-80$, nineteen gave a quote of 60$. 100$ were demanded by sixteen agencies, and fifteen asked for 90$.

This goes to show that there are no strict rules in the language industry. Companies are not afraid of asking for the price of their choice. Although the word count can affect the rate, that wasn’t the case here since the same document was sent to each company. This means agencies are charging their clients unfairly.

Universal Translation Services 2021

The Research & RESULTS

03

Response and Delivery Time A good service provider is always available to answer the questions of clients. If they take too long to reply, then they won’t be considered reliable. The same goes for delivery timing.

People don’t want their service provider to take too long to finish translating a one-page document. The survey showed that 106 agencies were offering to deliver the certified translation of a two-page document in 24 hours. Other companies need two or more days to complete the same project.

When it came to response time, the agencies that were going to deliver the project within 24 hours were the ones who responded on the day the query was sent to them. It took six agencies two days to get back to the researchers. A response was received from thirteen companies on the third day. The remaining took anywhere between four days to one week to respond.

Universal Translation Services 2021

UTS' Rates If you are thinking of comparing rates then here are the prices offered by Universal Translation Services:

THE STANDARD PRICE OF $0.10 PER WORD FOR GENERAL TRANSLATION.

$20 FOR THE CERTIFIED TRANSLATION OF A DOCUMENT THAT HAS LESS THAN 200 WORDS. The rate will be $0.12 per word if the number of words is more than 200.

THERE ARE NO ADDITIONAL CHARGES FOR A RUSH TRANSLATION. Whether you need linguistic assistance over the weekend or within an hour, the rate will remain the same.

DELIVERY TIMING FOR DOCUMENTS THAT NEEDS A CERTIFICATE OF ACCURACY IS 24 HOURS THROUGH EMAIL. For the delivery timing of general services, you can get in touch with the agency because it will depend on the word count.

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Get Help from The Internet In today’s world, there are no limitations. You don’t have to pay a high amount to an agency because you don’t have any other option. You have endless options today, thanks to the internet.

Whenever you are in need of assistance, turn to the internet, and do some research.

You can hire a service provider as soon as you are done comparing the rates and ratings. And with the help of the internet, it will be very easy to find the rates that are being offered by different companies. This way, not only will you get affordable solutions but also high-quality services.

Universal Translation Services 2021

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