Interpreting Management Business

Interpreting Management Business Success Stories [2024]

Pat Walls

•

Updated: October 8th, 2024

Break into a dynamic industry by launching an interpreting management business. Simply put, this business involves matching skilled interpreters with clients who need language services for meetings, conferences, and events.

Demand is high as globalization continues to drive the need for multilingual communication. By serving law firms, hospitals, and international corporations, you ensure fluid communication across languages and cultures.

Start by building a network of certified interpreters and developing relationships with potential clients. Effective marketing, project management skills, and a digital platform for scheduling and payments will be essential tools in your arsenal.

This business idea is attractive due to its ability to facilitate global connections, making it both fulfilling and potentially lucrative. If you are organized, detail-oriented, and passionate about languages, interpreting management presents a valuable and rewarding opportunity.

In this list, you'll find real-world interpreting management business success stories and very profitable examples of starting a interpreting management business that makes money.

1. TRANSLIT ($600K/year)

TRANSLIT founder Alex Chernenko came up with the idea for his business after realizing the challenges faced by language service providers and agencies in managing interpreters and bookings. Inspired by the ease of booking an Uber cab, Chernenko designed a platform that centralized management and scheduling, eliminating the need for time-consuming emails and phone calls. After six months of designing and prototyping, TRANSLIT secured €500,000 in seed capital and launched its online platform and marketplace in 2019.

How much money it makes: $600K/year
How much did it cost to start: $300K
How many people on the team: 20

From a Freelance Translator Working From Home To An Entrepreneur With $1M In Revenue

TRANSLIT is an ISO-certified translation and interpreting service, which has grown organically to now include an online platform and marketplace that allows users to find, book and manage interpreters across the world with over 2,500 users and recently launched a Remote Simultaneous Interpreting technology available through a mobile app and web interface.

Read this case study

Read by 8,624 founders