No bed of roses on the bottom: the problems with low rates

Photo by Steve Wampler

A lot of translators charge lower rates than they could otherwise get, especially when they're starting out. There are a few possible reasons for this; here are a couple.

Lack of knowledge about the market
Desire to get more work
Desire to avoid haggling
Lack of confidence

Lack of knowledge about the market
Information isn't evenly distributed in [...]

Interesting take on quality/rates/time tradeoff

There's a trade-off between rates and quality. Although rates don't guarantee quality, you generally get what you pay for; higher rates get you better quality, and lower rates worse.
Over on the Honyaku mailing list, Matt Stanton has a rather unique take on this topic: he believes in providing the entire spectrum himself.
Then all you do [...]