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Project management

Another effective way to increase your income is to create your own agency: farm

out some of your work to other freelancers and take a cut of the fee for project

management, including interfacing with the client, editing, desktop publishing, etc.

Most agency-owners do not, in fact, immediately begin earning more money than

1 If you want to read more about TM software, point your browser at http://www.sslmit.

unibo.it/zanettin/cattools.htm or http://www.mabercom.com/software/index.html (scroll

down to Computer Aided Software). The Institute of Translation and Interpreting ( h t t p : //

www.iti.org.uk/) and Translation Journal (http://www.accurapid.com/journal/tj.htm) also

regularly publish reviews of TM and other CAT (computer-aided translation) software.

they did as freelancers; building up a substantial clientele takes time, often years.

A successful agency-owner may earn three or four times what a freelancer earns;

but that sort of success only comes after many years of just getting by, struggling to

make payroll (and sometimes earning less than you did before), and dealing with all

the added headaches of complicated bookkeeping, difficult clients, unreliable

freelancers, insurance, etc.

There is, of course, much more to be said on the subject of creating your own

agency; but perhaps a textbook on "becoming a translator" is not the place to say it.