Novel site losing a lot of money due to hiring translators

Discussion in 'Novel General' started by Black9Pink, Jan 16, 2017.

Thread Status:
Not open for further replies.
  1. Black9Pink

    Black9Pink Active Member

    Joined:
    Nov 29, 2016
    Messages:
    161
    Likes Received:
    97
    Reading List:
    Link
    Look like Xianxiaworld isn't the only site losing money

    https://www.indiegogo.com/projects/new-lesyt-website#/

    Hello, we are the staff members of Lesyt. Lesyt was built by two friends to create a new sensation in the Chinese to English novel market. But since we didn't know Chinese ourselves, we started it by hiring translators, and that is how Lesyt is being run. And to be honest, we aren't earning back even close to what we have invested so far, but we are still positive as we are now starting phase two of our plan, where we create a new and improved platform for our releases.

    Risks & Challenges
    As I mentioned before, we are a website that has started with paying translators for the releases, and we also haven't earned back even half of what we have spent (25% to be honest), but the return is slowly improving.
     
  2. chef420

    chef420 Member

    Joined:
    Jan 5, 2017
    Messages:
    29
    Likes Received:
    19
    Reading List:
    Link
    well.... thats how investments work
    good luck
     
    Raneday, Jiggy, nick1mname and 4 others like this.
  3. Lovely

    Lovely 『Valentines Terror!』『Cherished Kitty』『Rika's Twin』

    Joined:
    Nov 19, 2015
    Messages:
    1,221
    Likes Received:
    17,431
    Reading List:
    Link
    >_>
    good luck
     
    chef420 and EienMugetsuTensho like this.
  4. EienMugetsuTensho

    EienMugetsuTensho [Avid Reader] [C#, C++, Python Programmer]

    Joined:
    Nov 9, 2015
    Messages:
    951
    Likes Received:
    782
    Reading List:
    Link
    You have to spend money and time to make money.

    Edit: If you are slowly gaining more and more money back keep doing what you are doing, if you try to change things too much to make money faster you could end up investing more and have to wait even longer to make a profit or lose your entire investment. Slowly but surely is a better business practice than a get rich quick scheme.
     
    Lovely likes this.
  5. lucjanssens

    lucjanssens a very ¨rabbit¨ bunny

    Joined:
    Apr 29, 2016
    Messages:
    1,905
    Likes Received:
    1,912
    Reading List:
    Link
    sometimes you will never earn your investment back
     
  6. chef420

    chef420 Member

    Joined:
    Jan 5, 2017
    Messages:
    29
    Likes Received:
    19
    Reading List:
    Link
    Yeah but what can we do
     
  7. voiceburner

    voiceburner Well-Known Member

    Joined:
    May 21, 2016
    Messages:
    164
    Likes Received:
    134
    Reading List:
    Link
    If you guys want to cut out the middleman and learn Mandarin yourselves I have the basic beginner books in PDF format on my Google Drive that i can share as a public link for you guys it's a tsu company 1st edition let's learn Chinese book I am not trying to undermine your management system but if you guys are losing money it's better to cut costs that it is to cut corners
     
    Fallen Hero likes this.
  8. Fallen Hero

    Fallen Hero [Xerrax]

    Joined:
    Jul 5, 2016
    Messages:
    175
    Likes Received:
    183
    Reading List:
    Link
    ohhh can you send put it in a thread or something?
     
  9. Lovely

    Lovely 『Valentines Terror!』『Cherished Kitty』『Rika's Twin』

    Joined:
    Nov 19, 2015
    Messages:
    1,221
    Likes Received:
    17,431
    Reading List:
    Link
    agree

    that is a great way nya!
    maybe they should have started in this part \o/
     
  10. Shinsori

    Shinsori Cliffmeister

    Joined:
    Feb 22, 2016
    Messages:
    290
    Likes Received:
    507
    Reading List:
    Link
    You got me interested.
     
  11. voiceburner

    voiceburner Well-Known Member

    Joined:
    May 21, 2016
    Messages:
    164
    Likes Received:
    134
    Reading List:
    Link
  12. Asf

    Asf 《《The aria of souls》》

    Joined:
    Dec 31, 2015
    Messages:
    7,413
    Likes Received:
    5,868
    Reading List:
    Link
    As long as you dont drop a bomb like what they did in xianxia world... and make all the running translator quit or goes to another site because of it..
     
  13. voiceburner

    voiceburner Well-Known Member

    Joined:
    May 21, 2016
    Messages:
    164
    Likes Received:
    134
    Reading List:
    Link
    Also the audio for the dialogue lessons is on a website that is hosted by University it's all for free I have lessons 7 and I think it an audio format that I go over daily because it's a linchpin in teaching manners to children
     
  14. Robinhood1

    Robinhood1 *The Mood breaker*

    Joined:
    Jun 27, 2016
    Messages:
    1,088
    Likes Received:
    835
    Reading List:
    Link
    If I am not wrong TN has always been hiring translators and paying them fr the translations. I maybe wrong here, but maybe they themselves can clarify.
    @TranslationNations
     
    voiceburner likes this.
  15. osher454511

    osher454511 Well-Known Member

    Joined:
    Jan 15, 2016
    Messages:
    266
    Likes Received:
    148
    Reading List:
    Link
    What exactly did Xianxia World do, for you to call it a bomb ?
     
    voiceburner likes this.
  16. voiceburner

    voiceburner Well-Known Member

    Joined:
    May 21, 2016
    Messages:
    164
    Likes Received:
    134
    Reading List:
    Link
    That's why I wrote in my post I am not trying to undermine their management system because my time working with Frankie house taught me sometimes changing the deck is necessary rather than doing it yourself
     
  17. Fallen Hero

    Fallen Hero [Xerrax]

    Joined:
    Jul 5, 2016
    Messages:
    175
    Likes Received:
    183
    Reading List:
    Link
    post the link here please
     
  18. oblueknighto

    oblueknighto Blue Person

    Joined:
    Oct 20, 2015
    Messages:
    3,197
    Likes Received:
    2,237
    Reading List:
    Link
    Pretty much gambling if you're trying to make a profit the novel translation business. If you find the right trend you might make money but otherwise it'll be a bust.
     
    voiceburner likes this.
  19. Pythagoras Theorem

    Pythagoras Theorem Horse (?)

    Joined:
    Nov 27, 2016
    Messages:
    730
    Likes Received:
    1,777
    Reading List:
    Link
    Why would they do something they can't do. I mean making a Chinese to English novel translation site when you can't even read Mandarin is stupid, no? I mean, yeah, bunch of businesses are like that but they never last long. You can't sell sports equipment if you have no idea how the equipment works.

    I mean, the fact that they can't read Mandarin just means they can't read where the trend is going and which novels are better.

    I agree with some of the above posts about learning Mandarin. Even if afterwards they don't translate the novels, they could at least read and decipher some of the comments and reviews and make sound judgement on what should or should not be translated.
     
  20. Black9Pink

    Black9Pink Active Member

    Joined:
    Nov 29, 2016
    Messages:
    161
    Likes Received:
    97
    Reading List:
    Link
    One of their problems is that they pick novels that are not popular. Maybe the language barrier is part of the reason. If they know Chinese, they could just look up on Qidian Top List and choose a popular novel.

    From the list
    http://www.novelupdates.com/group/lesyt-2/

    Chronicles of Primordial Wars, Demon God, Fanatic Martial God, Swallowing the Heavens, The Silly Alchemist, The Supreme Sword, The Thrilling Sword, Thunder Martial
     
    Pythagoras Theorem likes this.
Thread Status:
Not open for further replies.