So today I was contacted about a project which was rather sizable. It was a transcription and translation of 102 minutes of interviews.
Now I do not have a lot of experience with transcription but I do know it does take up a lot of time (I’ve done some tests to make sure I am up for it). So after getting the request I googled all there is about freelance rates for such work. Not professional rates because they are much much higher.
So I came down on about 800$ worth. Ye I was a bit shocked too.
The transcription was based on 2$/min audio file, seemed quite fair.
The translation was an estimate, not a set price. See according to google an average person speaks 125-150 words per minute to speak clear. I had reviewed the file and deemed that an accurate estimate. With 125 words and 102 minutes of speech that’d be 12750 words.
My rate for translation is the minimum advised for a (cheap) freelancer: 0.05$/word.
So yeah that comes out rather high.
Not shortly after I had shown the prices and the calculation, I was contacted that it was way out of budget and that they found someone who’d do it in 1 day for 100$.
So I calculated the hours it would take to do such work based on averages. 4-6 times longer for transcription and 400-600 words per hour translation. Based on the fastest speed it’d be 27.9 hours of work.
So I advised the client to get the work checked as it’d probably be nog good and wished them luck with completing a 28 hour project in 24 hours.
Sometimes I wonder if people do not educate themselves at all in work rates and time. Should I expect them to do a project for me for 5$ that takes up 2 hours?