The document provides advice for new translators on how to set up a successful translation business by overcoming common issues faced by newcomers to the industry. It covers gaining experience through internships and volunteering, researching industry knowledge and legal/tax requirements, planning administration through objectives and tracking tools, finding and keeping clients through targeted outreach, and maintaining a confident entrepreneurial mindset. The overall message is that new translators can succeed by gaining experience, understanding the industry, running their business professionally, and marketing themselves effectively to clients.
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Moving the first steps in the translation industry
1. Moving the first steps in the
translation industry
How to set up a solid business and overcome
the issues that ‘newbies’ commonly face
MARTINA ECO
martina@3p-translation.com
2. ABOUT ME
Italian translator & interpreter (IT, EN, FR)
London, UK
3P Translation
Martina Eco | 3P Translation | martina@3p-translation.com
Facebook: 3P Translation
Twitter: @3P_Translation
Web: 3p-translation.com
3. TODAY’S TOPIC
Martina Eco | 3P Translation | martina@3p-translation.com
How to set up a solid business and overcome
the issues that ‘newbies’ commonly face
MOVING THE FIRST STEPS IN
THE TRANSLATION INDUSTRY
4. OVERVIEW
Martina Eco | 3P Translation | martina@3p-translation.com
EXPERIENCE
how to build it and sell it, traps
KNOWLEDGE
industry, market, tax & legal
ADMIN
planning & organising
CLIENTS
how to find, approach and keep them
YOU
mindset & confidence
6. EXPERIENCE
You DO have experience
Studies
On-the-job training
Other jobs
Experiences abroad
Martina Eco | 3P Translation | martina@3p-translation.com
7. BUILDING EXPERIENCE
Martina Eco | 3P Translation | martina@3p-translation.com
INTERNSHIPS
EU
UN
Translation agencies
VOLUNTEERING
La Via Campesina
Agape Centro Ecumenico
Translators Without Borders
8. INEXPERIENCE TRAPS
Working for free
Working for peanuts
Accepting ridiculous conditions
Not researching!
Martina Eco | 3P Translation | martina@3p-translation.com
9. Martina Eco | 3P Translation | martina@3p-translation.com
EXPERIENCE
how to build it and sell it, traps
KNOWLEDGE
industry, market, tax & legal
ADMIN
planning & organising
CLIENTS
how to find, approach and keep them
YOU
mindset & confidence
10. KNOWLEDGE
Institutional websites (EU,
gov.uk)
Business press
Agencies and translators’
websites
Associations
Online groups
Martina Eco | 3P Translation | martina@3p-translation.com
RESEARCH!
DON’T BE AFRAID TO ASK!
11. LEGAL AND TAX REQUIREMENTS
Find information
online (HRMC for the
UK)
Consult an
accountant
Support structures in
universities
Martina Eco | 3P Translation | martina@3p-translation.com
12. OVERVIEW
Martina Eco | 3P Translation | martina@3p-translation.com
EXPERIENCE
how to build it and sell it, traps
KNOWLEDGE
industry, market, tax&legal
ADMIN
planning & organising
CLIENTS
how to find, approach and keep them
YOU
mindset & confidence
13. PLANNING
OBJECTIVES
TIME
BUDGET
Martina Eco | 3P Translation | martina@3p-translation.com
THE KEYS TO SUCCESSFUL
STRATEGIC PLANNING
14. ORGANISING AND KEEPING TRACK
To-do lists
Excel databases
Alerts
Notice board & post-its
Martina Eco | 3P Translation | martina@3p-translation.com
Use this QR code to download Excel templates or go to
www.3p-translation.com/resources-language-show/
15. Martina Eco | 3P Translation | martina@3p-translation.com
EXPERIENCE
how to build it and sell it, traps
KNOWLEDGE
industry, market, tax & legal
ADMIN
planning & organising
CLIENTS
how to find, approach and keep them
YOU
mindset & confidence
16. CLIENTS
TRANSLATION
AGENCIES
Easier to approach
Lower rates and tighter
deadlines
Less bargaining power
Own terms & conditions
Martina Eco | 3P Translation | martina@3p-translation.com
DIRECT CLIENTS
Harder to approach
Higher rates and
better deadlines
More bargaining
power
Your terms &
conditions
17. MY EXPERIENCE
Low response rate
Lower conversion rate
EVERY CLOUD HAS
A SILVER LINING
Martina Eco | 3P Translation | martina@3p-translation.com
18. HOW TO APPROACH CLIENTS
Think of yourself as the SOLUTION to their
PROBLEM
They need to know you will SATISFY their
NEEDS
Highlight your VALUE to them
Martina Eco | 3P Translation | martina@3p-translation.com
19. HOW TO APPROACH CLIENTS
KEEP IT SIMPLE!
Make it personal
Be polite, be friendly, be professional
Martina Eco | 3P Translation | martina@3p-translation.com
20. CV: what not to do
Overwhelming information
Irrelevant information
All work experiences &
education
Martina Eco | 3P Translation | martina@3p-translation.com
21. CV: what to do
KEEP IT SIMPLE
KEEP IT SHORT
KEEP IT RELEVANT
BE CREATIVE
Martina Eco | 3P Translation | martina@3p-translation.com
22. MY APPROACH
Martina Eco | 3P Translation | martina@3p-translation.com
Simple, clear,
concise, personal
email & new CV
Long, unclear,
impersonal email &
old CV
7.5%
RESPONSE
1%
CONVERSION
30%
RESPONSE
10%
CONVERSION
23. KEEPING CLIENTS
Always deliver high
quality
Respect deadlines
Act as a business
partner, not as a job
seeker or employee
Show your added value
Martina Eco | 3P Translation | martina@3p-translation.com
24. Martina Eco | 3P Translation | martina@3p-translation.com
EXPERIENCE
how to build it and sell it, traps
KNOWLEDGE
industry, market, tax & legal
ADMIN
planning & organising
CLIENTS
how to find, approach and keep them
YOU
mindset & confidence
25. BUSINESS MINDSET
YOU ARE AN
ENTREPRENEUR
Commit fully
Understand strengths and
weaknesses
Get creative
Network
Martina Eco | 3P Translation | martina@3p-translation.com
26. KNOW YOURSELF
Know your skills
Know your value
Know your potential
Know your limits
Martina Eco | 3P Translation | martina@3p-translation.com