Over the past month, we have reached 2 million translations per day with 400 thousand users - and this is almost the limit of the system capabilities, which now processes clients’ requests for translation. Big American mass media wrote that Lingvanex is more awesome than Google, we have a contract with a large corporate client and a few smaller clients.īut today we are forced to do a very unpleasant thing for any businessman - put clients on a waiting list. We got into a good niche, approved the demand and product quality. That’s why it is more logical to put up the company for sale. But they’re actively enlarging their share by buying prospective competitors. The machine translation market is large but very fragmentized: 200 largest companies take not more than 16% of this market. The advantages of the Lingvanex solution are translation quality, price, functionality, ease of use, data protection and excellent service. With Lingvanex, you can translate text in any application, file, image, or operating system interface by simply highlighting the text area. Besides, we have a feature that can integrate text translation into any business process, like SDK or a server solution, in order to completely secure the company’s data. The translating solution from Lingvanex is 4 times cheaper than Google for API: there is no attribution, the support is free and we provide help on integrating the app into your project with the same number of languages and quality as in Google. If you have technical questions about the Google API, you can get an answer only by purchasing an expensive support package, and it is a real quest to figure out how to buy it. In addition, when translating with the Google API, you must indicate that the translation was made by Google, and give a link to its website wherever there is a translation (still, many don’t know about this). Google doesn’t allow you to translate a file with formatting preservation and more than 5 thousand characters at a time, and also, it doesn’t provide an option for offline translation for business tasks where data privacy is important at the first place but all this is possible in Lingvanex applications. We noticed that more than half of our paying clients use apps for their work: small business owners and entrepreneurs translate documents, letters, invoices, advertising texts, phone calls. Far not all corporate tasks are solved by a button click in the browser. The major funds in the machine translation market is in the B2B segment. You can just click a button in your browser and get a result that will satisfy most needs - there is nothing to pay for. We also offered them a real-time translation of telephone conversations, group chats translation, translation of files with preservation of formatting and other functions that aren’t available in Google, MS, Yandex services. Our translator had a more well-thought-out interface and more functionality, and users chose us. I hired an outsourcing company and with them I started developing a more functional translator, which will work on all popular platforms and devices: smartphones, desktops, smart speakers, which used the Google API translation at that time. I decided to invest this money in creating quality products in the translation market. My apps for testing the demand, started generating revenue of about $30 000 per month. Even the largest competitor wouldn’t be able to buy all the traffic with thousands of requests, so this niche was perfect to start growing. Usually, people are searching not for a simple “translation” but for a specific language pair: for instance “translation from Arabic to French”. Translators won as the search traffic for them is subdivided into thousaтds of long-tail requests. ![]() With these metrics, the most interesting thing was to develop music services, GPS trackers, translators, fitness applications. Thanks to this, I was able to choose the best ways for purchase conversion, returnability and LTV. In the first year, people downloaded all my applications more than 10 million times. ![]() I optimized names and descriptions for the most popular search requests and gathered organic traffic. In half a year I’ve launched more than 600 applications on this platform: from news readers and task-lists to fitness trainers. To find it, I made a platform for creating simple iOS applications in minutes: one function, a couple of buttons, a couple of pictures. It was necessary to find a niche where I can succeed without a start capital with the potential for rapid growth. This is a huge market where you can always find a niche and make money.Īt the start of my business, I didn’t plan to create a translator. Translation-related searches are annually in the top ten in the world.
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