When you have a new project, in which you have invested your time and effort, and you need translation or localization services, you have to make sure that the translation agency or LSP (Language Service Provider) that you choose is ‘the one’. In many cases, the international development of your project depends heavily on them and on a successful localization strategy.

If we scroll down different translator forums or professional associations websites, one of the most common questions among translators is how to price their services. Setting rates can be a daunting task not only for recent graduates or new freelancers but also for the experienced ones.

Therefore, we had several reasons why we wanted to write this post: lots of people do not know how to adequately price their services and many of those are also too afraid to ask!