Pricing: Addressing the Elephant in the Room [Podcast]

Posted by Libor Safar on Thu, Aug 03, 2017 @ 09:50 AM

Elephant in the Room

Pricing is always a touchy business issue, in the localization industry as in any other business sector. But the challenge for LSPs and others in the language industry is that translation purchases are typically a fourth-level buying decision in the organization.

It’s not a C-level executive decision. It’s not a VP level. It’s not a director level, and in the vast majority of cases, it’s usually a manager or assistant-level decision-maker.

Globally Speaking RadioQuite often, the challenge is that at the manager level or below, the decision maker doesn’t have the authority to make the purchase outright and needs to get approval from someone else higher up. This is where price negotiation gets sticky. The person who needs the translation understands the process, is well aware of the challenges involved, and knows that localization isn’t a commodity—nevertheless, he or she doesn’t own the budget.

In essence, this means purchasing localization services is basically a proxy sale. Join us as we speak with Anne-Marie Colliander Lind, an industry consultant who is well-versed in strategic pricing negotiation.

Topics include:

  • Why hasn’t translation pricing increased from 20 cents per word in over 20 years?
  • When is the timing right to bring pricing into the conversation?
  • How pricing discussions differ from culture to culture.
  • What is the opportunity cost when uneducated clients think your pricing is too high?

To listen to the episode, click “play” in the player below. You can also listen and subscribe to the podcast on iTunes, Google Play (USA or Canada), Stitcher, or via RSS.

 

 

About Anne-Marie Colliander Lind

CollianderLindAMLinkedIn.jpg

Anne-Marie Colliander Lind is a recognized force in the European language industry landscape. She has spent more than 25 years helping multinational organizations solve their language issues by serving in executive sales and management positions at leading service, technology and market research companies. Currently, Anne-Marie is the CEO of Inkrea.se, a management consulting company based in Sweden that assists companies in their growth and development strategies. She runs fundraising activities for Translators without Borders and organizes localization and technology events in the Nordics. Anne-Marie is the co-organizer of the Nordic Translation Industry Forum. As Marketing Manager at LocWorld, she ensures that LocWorld provides the best possible experience for the growing list of sponsors, exhibitors and attendees.

 

To learn more about this program, go to www.globallyspeakingradio.com, where you can listen to and also download a full transcript of all episodes.

800px-Download_on_iTunes.svg_.pngen-play-badge.pngstitcher_logo_720w.png

Topics: Podcast

All

Read more from our blog

Featured Post
Smashing the Localization and Marketing Silos
The wall between localization and marketing teams damages any global business. Moravia’s Ed Hartigan explains why it’s critical that the two departments align.

Ed Hartigan

Most Popular Post
English is Weird: Starting With the Word 'UP'
English is difficult to learn. One example is the use of the word 'UP', and the vast number of concepts that contain it.

Lee Densmer

Subscribe

Follow us    

Other Moravia Blogs

The Global Digital Content Opportunity in Life Sciences
【Podcast】翻訳業界のテクノロジー最前線
收集多语言终端用户反馈的方法
Globally Speaking is a program for and from localization professionals.