11 Language Translation Business Ideas You Can Start Today [2024]
Interested in starting a language translation business in 2024?
We put together 11 of the best language translation businesses you can start in today.
For each business idea, we’ll show you real-world examples of other language translation businesses to help you see what it really takes.
Here's the full list:
1. Build an iPhone app
The iPhone is the most popular mobile device in the world. It has changed how we interact with information, entertainment, and communication.
The iPhone has also changed the way we interact with each other. Since its release in 2007, it has become a staple in most people’s lives. It is more than just a phone; it is a tool for staying connected to friends and family and creating new connections.
The iPhone app market is an ever-changing landscape of innovation: it’s not just about making something that works well; it’s about creating something that stands out from the crowd.
It would help if you had something that appeals to your audience to succeed in this market. This can be as simple as ensuring your app has a catchy name or as complex as developing an entire brand identity around your app’s functionality.
How much you can make: $150 — $2,000,000/month
How much does it cost to start: $6,500 (?)
How long does it take to build: 180 days (?)
Time commitment per week: Min. 5 hours/week
Payment.co, an app built on top of the Stripe payment gateway for creating card-present charges, has grown to process over $70M in volume annually since launching in 2015, with the app collecting a 1% service fee on every single charge.
2. Start a web development business
A web development business is a company that builds and takes care of websites. They typically use coding and design skills to create online spaces that meet the needs of individuals or businesses.
These businesses help ensure websites work well and look good, playing a key role in the online presence of their clients.
How much you can make: $6,600 — $350,000/month
How much does it cost to start: $3,000 (?)
How long does it take to build: 75 days (?)
Vuetify is a popular open-source user interface library, built with the Vue.js framework, that generates revenue through digital content and services such as paid digital content in the Vuetify store, direct support through consulting, ad revenue from Carbon ads on the documentation pages, and donations/sponsorships via GitHub and Patreon, generating an average income of $6,500 per month.
3. Start a catering business
A catering business is responsible for providing food & beverage-related services for vast types of events.
Catering businesses are known to be more flexible than other businesses because they don’t have to worry about location or pricing and can even work 24/7. They can cater anywhere and offer any price point that they want.
However, starting a catering business requires a lot of planning.
To start a successful catering business , you'll need to plan and prepare menus, manage budgets, handle clients, and more.
In addition, catering allows you to meet more people and show off your cooking skills.
How much you can make: $3,750 — $48,333/month
How much does it cost to start: $500 (?)
How long does it take to build: 90 days (?)
Elegante Catering founder, Nestor Nidome, details his journey from failed DJ business to a $20k/month catering company, emphasizing the importance of online marketing and customer feedback as key contributors to his success.
4. Start an online language coaching business
The world has become more globalized. Businesses have become cross-border, and executives have to travel to meet new customers. One thing that is obvious is that there is a need for language translation services.
If you have proficiency in one or more foreign languages then you can consider working as a language coach.
Teaching a language online is intensive as you have to meet and communicate with the audience often, and check their progress. If you are looking for an opportunity to earn working online, consider starting online language lessons.
How much you can make: $240 — $13,500,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 212 days (?)
Marlena Jorn started Marlena Jorn Tutors in teaching German to a group of people privately; she learned through experience what worked best to design her class structure and advertising/marketing materials, and from word of mouth has gained a very successful response so far.
5. Become a dream interpreter business
How much does it cost to start: $500 (?)
How long does it take to build: 180 days (?)
6. Start a multilingual stock brokerage business
7. Start a mediator business
How long does it take to build: 300 days (?)
8. Start a foreign language training business
Are you interested in starting a foreign language training business? Great!. Language training can be a rewarding and lucrative business idea, especially if you have a passion for teaching and a talent for languages.
You will need some basic materials and resources to start a foreign language training business. First, you must choose which language(s) you will teach. It’s essential to have a strong foundation in the language(s) you plan to teach, so it may be necessary to take additional courses or become certified in the language(s) you choose. You will also need to create a curriculum and materials for your classes, such as textbooks and worksheets.
You will need to find students to take your classes to operate your business. Finding students can be done through advertising and marketing, such as creating a website or social media presence and reaching out to local schools and businesses. You will also need to decide on a pricing structure for your classes, whether by the hour, session, or course.
Teaching foreign languages can be a rewarding and fulfilling business, especially if you have a passion for language learning and teaching. You can start and operate a successful foreign language training business with some basic materials and resources.
How much you can make: $91,000/month
Fluent in 3 Months receives over 2 million monthly visits and Benny Lewis, the founder, is now a 7-figure business coach who teaches people how to create online businesses.
9. Start a neighborhood market business
10. Start a freelance spanish interpreter business
11. Start a document translation business
How much you can make: $40,000/month
How long does it take to build: 90 days (?)
Lotuly is a remote translation agency with over 500 translators across the globe, offering translation & localization services in over 90 languages and 40 subjects for e-commerce, e-learning, software & marketing companies, universities, and legal firms.
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
