Speaking Another Language is Good Business

Today, being good is not enough. Globalization demands more and more competitive advantages in companies and one of them is bilingual communication.



So if you speak another language, this represents a great opportunity to do business.

Today I share some interesting ideas that you can undertake using your greatest strength which is the knowledge of a second language.

According to the American Translators Association (ATA), the translation business moves more than 20 million dollars per year, which suggests that this is a lucrative business.

Why do you need to communicate in other languages?
In order to offer its products and services to other countries and thus expand its business, every company needs sooner or later to implement as part of its strategy, different mechanisms that include the possibility of communicating effectively with partners, employees, customers and suppliers in other languages.

Thus, not having the possibility to communicate in foreign languages ​​ends up being for many, the limitation that prevents them from going further and increasing their profits. Hence, there are several businesses that can be created from the possibility of speak another language:

  • Trainings on technical terminology. Ideal for training professionals in vocabulary and technicalities specific to their branch. For example, this is ideal for air pilots, flight attendants and air traffic controllers as well as for airport and travel agency personnel.
  • Simultaneous translation services for events. This is an ideal service for conferences, seminars, interviews and courses where the participants are of different nationalities. You can offer your services of translators companies by the hour. A variant of this is post-speech translation, which can be worked on in greater detail and perfection.
  • Document translation services. In this case, you need to have a personal computer, a printer, and an auxiliary translation service for technical concepts. These services are regularly quoted by the word and are ideal for translation of manuals, legal documents, publications, correspondence, software, etc.
  • Language courses. Whether you teach personalized courses or work with groups of students, or corporate teams, language courses such as English, Spanish, French and Italian are often in high demand. It is usual to classify them by levels and if the company demands it, they can be taught on-site, intensive and / or with some specific business orientation or financial language.
  • Specialized courses. These are a variant of the previous point with the difference that they can be adapted to more specific needs, such as telephone conversation courses for call centers, writing courses for secretaries or on legal issues.
  • Certification Preparation Tutorials. Today, universities and many companies often require their students or collaborators specific certifications in languages ​​such as TOEFL or CAE in English, for which a good preparation course prior to certification exams is ideal. These courses are usually taught to people with high levels of knowledge but who want to improve their language skills.

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And if you want to gather all these mentioned services in a single catalog and hire other people as collaborators, then you have what a translation agency would be. Of course, the secret of success for it is professionalism, good pronunciation, a natural sense of the language and a wide cultural vocabulary.