| Pages in topic: [1 2] > | Poll: When was the last time you raised your rates? Thread poster: ProZ.com Staff
|
|---|
This forum topic is for the discussion of the poll question "When was the last time you raised your rates?".
This poll was originally submitted by texjax DDS PhD. View the poll results »
| | | | Simon Bruni 
United Kingdom
Local time: 14:40
Member (2009)
Spanish to English
But I never raise rates for existing clients until I have enough new clients at my new rate. A slowly-but-surely approach.
[Edited at 2011-03-01 08:28 GMT]
| | | | Mary Worby
United Kingdom
Local time: 14:40
German to English
+ ...
I don't have one rate across the board, I have various rates for different clients, with the more historical clients on lower rates and higher rates for new clients. I very rarely actually change the rates for existing clients, unless I suddenly see that their rates are way behind the rest.
| | | |
Mary Worby wrote:
I don't have one rate across the board, I have various rates for different clients, with the more historical clients on lower rates and higher rates for new clients. I very rarely actually change the rates for existing clients, unless I suddenly see that their rates are way behind the rest.
| | |
|
|
|
Interlangue (X)
Angola
Local time: 15:40
English to French
+ ...
... for some clients. Will be later (possibly next year) for others. Never all at once.
| | | | Adnan Özdemir
Türkiye
Local time: 16:40
Member (2007)
German to Turkish
+ ...
| Raising rates such snowball :)) | Mar 1, 2011 |
Raising rates is difficult...
=================
1) Some outsourcers / customers raised my rates during 2009, 2010 and actually January 2010.
2) Sometimes i asked for raising transl. rates (2010, January-February 2011) and 45 % of my customers accepted it...
3) ''Raising the rates'' is sometime difficult than to climbing Everest mountain.  ... See more
| | | | keelin feeney
Ireland
Local time: 14:40
Member (2007)
Spanish to English
+ ...
| I do the same | Mar 1, 2011 |
Mary Worby wrote:
I don't have one rate across the board, I have various rates for different clients, with the more historical clients on lower rates and higher rates for new clients. I very rarely actually change the rates for existing clients, unless I suddenly see that their rates are way behind the rest.
| | | | | Other = 2010 only in 'foreign' currencies (to me) | Mar 1, 2011 |
My rates in my domestic currency (BRL) have been stable since 1994. Productivity gains from technology advancements have covered inflation so far.
However the US economic crisis led Mr. Obama to lower the USD exchange rate, to make American products more attractive worldwide. I endured all of 2009 with a 20% loss in every foreign job I took, as compared to equivalent work for domestic clients. So in January 2010 I adjusted my international rates in USD by 20%. All clients understood... See more My rates in my domestic currency (BRL) have been stable since 1994. Productivity gains from technology advancements have covered inflation so far.
However the US economic crisis led Mr. Obama to lower the USD exchange rate, to make American products more attractive worldwide. I endured all of 2009 with a 20% loss in every foreign job I took, as compared to equivalent work for domestic clients. So in January 2010 I adjusted my international rates in USD by 20%. All clients understood and complied. After all, that's what they would be paying me if I charged them in BRL, the currency I use to pay all my bills.
In sworn translations, rates are statutory, set by the BR government, obviously in BRL. There, such increase was automatic. ▲ Collapse
| | |
|
|
|
Joanna Hald (X)
Poland
Local time: 15:40
Danish to Polish
+ ...
| 5 years - 15% inflation | Mar 1, 2011 |
The 1 May I "celebrate" 5 years in my one woman company. In the past 5 years inflation in Poland was 15% but it is only one aspect - other are prices for everything - food, gasoline, electricity, heat, different services (I feel they rise every all the time and much more than 15% during 5 years). The 5th anniversary means new prices.
I'm a little afraid - maybe some customers will drop my services, but my collegues also plan to raise prices. It's about time. Otherwise we will end as highly... See more The 1 May I "celebrate" 5 years in my one woman company. In the past 5 years inflation in Poland was 15% but it is only one aspect - other are prices for everything - food, gasoline, electricity, heat, different services (I feel they rise every all the time and much more than 15% during 5 years). The 5th anniversary means new prices.
I'm a little afraid - maybe some customers will drop my services, but my collegues also plan to raise prices. It's about time. Otherwise we will end as highly specialized but cheap workers unable to have even free weekend not to mention vacation. ▲ Collapse
| | | | m_temmer
Local time: 07:40
English to Dutch
+ ...
I moved from Belgium to Costa Rica in January, so I left my rates unchanged this year.
| | | | | Rates rise for new customers | Mar 1, 2011 |
I don't tend to raise rates for existing customers as such; I ask new customers to beat the rates my existing customers pay. I don't tell them that, I simply quote them a price a bit higher than what an existing client would get.
If an existing customer is then squeezed out for my time, I let them know such and offer them the chance to match. Some stay, some don't -- although even the ones that go still contact me from time to time with a higher-priced job they need done right.
... See more I don't tend to raise rates for existing customers as such; I ask new customers to beat the rates my existing customers pay. I don't tell them that, I simply quote them a price a bit higher than what an existing client would get.
If an existing customer is then squeezed out for my time, I let them know such and offer them the chance to match. Some stay, some don't -- although even the ones that go still contact me from time to time with a higher-priced job they need done right.
I prefer this model because it ensures I have a broad base of clients. When things slow down with one client, somebody else always wants my time. ▲ Collapse
| | | | Rebecca Garber
Local time: 09:40
Member (2005)
German to English
+ ...
I have different rates for different clients, with the newer ones usually paying higher rates.
That being said, one of the clients with a higher rate just announced that they would be paying in 60 days instead of 30. Which is fine for them, but does put them last in my list of agencies I want to work for.
| | |
|
|
|
| High Inflation | Mar 1, 2011 |
We have an yearly inflation of about 27%, so I increase rates about twice a year, most of the times once at the start of the new year.
| | | | Aisha Prigan (X)
Spain
Local time: 15:40
Spanish to English
+ ...
I haven't raised my overall rates since the onset of the economic crisis. I also have different rates, depending on the type of client and how long we've been working together. Some of the ideas/models presented in this forum for gradually introducing rate increases are very interesting. Thank you!
| | | |
My best clients raised them for me.
| | | | | Pages in topic: [1 2] > | To report site rules violations or get help, contact a site moderator: You can also contact site staff by submitting a support request » Poll: When was the last time you raised your rates? | Trados Studio 2022 Freelance | The leading translation software used by over 270,000 translators.
Designed with your feedback in mind, Trados Studio 2022 delivers an unrivalled, powerful desktop
and cloud solution, empowering you to work in the most efficient and cost-effective way.
More info » |
| | Trados Business Manager Lite | Create customer quotes and invoices from within Trados Studio
Trados Business Manager Lite helps to simplify and speed up some of the daily tasks, such as invoicing and reporting, associated with running your freelance translation business.
More info » |
|
| | | | X Sign in to your ProZ.com account... | | | | | |
Login to reply/comment 
