6 extra income ideas for freelancers.

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Easy To Implement Extra Income Ideas

If you are a freelance translator and are looking for extra income ideas, you are not alone.

You love what you do, but you feel overworked and under paid. There's nothing wrong to explore multiple streams of income and various ideas to make money.

The translation industry is evolving. Translation tools and software are more and more common. Not to mention clients have easy, electronic access to cheaper translators from low labour cost countries such as India and China.

Having said that, I don’t believe the translator profession as we know is heading for extinction. Languages are a complicated art of human communication.

As long as computers can’t comprehend feelings and emotions, there will be a demand for human translators.

As a freelance translator, it’s your job to make your business sustainable. You can’t survive on peanuts. It’s always good to create some extra income ideas that are compatible with your personality and your business.

There's nothing wrong with wanting to make more money.

Here are a few tips for you:

1.Arrange bundle deals with other freelancers such as writers, consultants, web designers etc.

This is not just cross promotion. It is a way to add value to your service and your partner’s service. By repackaging your skills you can charge more than what you normally would while your clients get to save time and hassle.

The key is that your services have to complement each other for you to both benefit from this deal.

2.Create your own information product to reach your target audience.

It may mean that you team with another entrepreneur or business person (eg. web designer, videographer, technical writer) to create extra income ideas and market your services together.

If you take this approach, you have to be seen as an active business partner with translation skills instead of just a translator.

3.Share your talents with others and get paid for it.

You can teach a language or provide valuable instruction to multiple students as an experienced professional. It can be offered in the old fashion way, or through tele-class or web-class.

You can even partner with other experts who are not your direct competitors.

4.Write something. It doesn’t have to be a book or catalogue.

It can be a guide for language tips or industry-specific phrases. Or a booklet geared to assist clients, like hospital patients. You can also put it to Amazon.com or ebay or craiglist.org for sale.

You might charge only $10 per copy, but since the sales is a reoccurrence over time, it can add up.

Some other extra income ideas require initial set-up.

5.Start a blog

There are plenty of sites offering free blog hosting. You just need to have a good grasp of the your topic and solid writing skills. If you are able to attract a regular readership, it may lead to online advertising opportunities.

6.Launch a website

If you shop around and are not too picky, you can get a decent looking website for a very reasonable price. If you generate enough traffic to your site, you make money by selling ads, affiliate products or selling your own products.

These extra income ideas need some good research and initial planning. The key here is to diversify your business and add value to it. With determination and proper execution, you can make some decent money.

Don’t fall for the get-rich-quick scheme or easy money hoax. It took a long time to get to where you are as a professional translator. Why should it be any different when you try to generate additional revenue?

Want to get more tip to attract quality translation jobs and high paying clients? Sign up for my free ezine.