On your TM-Town profile, you have the option to set a rate range (both a per word range and also a per hour range). This field is optional, and when a translator does choose to show their rate range, we accompany it with the following text:
* The listed rates are a general range for this translator. Every project is different and many factors affect translation rates including the complexity of your source text, file format, deadline, etc. Please contact this translator with the details of your translation job for a more specific rate quote. Rates on TM-Town are always listed as USD for consistency. A translator may have a different preferred currency.
Recently we received a great question by email from a translator. This translator asked:
"Is it good policy to set the rate or not to set the rate on my profile to attract clients? I mean, would hiding or not setting the rates attract more clients?"
After writing a response to the translator, I thought my answer might be worth sharing with the broader community.
As for the data (at the time of writing this article), on TM-Town 11% of translators specify a rate range. Out of all job messages sent through TM-Town, 28% went to translators who had a rate range specified.
How can we interpret this data? Well, if job messages were evenly dispersed across our community, we would expect only 11% to go to translators who have a rate range specified (as that is the make-up of the translators on TM-Town); however, this was not the case. Instead, 28% went to those who had a rate range specified. Given this, I think we can conclude that showing a rate range doesn't hurt your chances of receiving a job message. Whether it helps or not is up for debate (as correlation does not imply causation). It may be other factors (outside of having a rate range specified) that account for those translators getting messaged.
In the end, it is up to you if you would like to specify a rate range or not. Hopefully, the above data can help aid you in that decision. Let us know your thoughts in the comments below on specifying your rate range and what factors influenced your decision.