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Initiator des Themas: Fredrik Pettersson
Profile Updater/Financial/Default rate per word: What does 'target' mean?

Fredrik Pettersson  Identity Verified
China
Local time: 07:34
Mitglied (Jun 2009)
Englisch > Chinesisch
+ ...
Jul 4

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
Ungarn
Local time: 00:34
Mitglied (2002)
Englisch > Ungarisch
+ ...
expected or ideal rate Jul 4

expected or ideal rate

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Peter Linton  Identity Verified
Vereinigtes Königreich
Local time: 23:34
Mitglied (2002)
Schwedisch > Englisch
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Two purposes Jul 5

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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