New Yorker Sandy Cohen has started an unconventional translation company, Speaklike.  Rather than thriving on the conversion of encyclopedia-sized documents from English into Arabic or Portuguese, Sandy’s start-up offers Twitter users an inexpensive way to translate their 140-character messages into just about any language.

At about 25 cents per language per tweet, this can add up in a hurry.  But it’s a godsend for B2B and B2C users of Twitter who cater to multicultural and global audiences.   His service could also be used in the email and Web fulfillment world.

In another departure from the mainstream, Sandy is taking a play out of the Wikipedia playbook by crowd-sourcing his network of translators.  The similarity to Wikipedia ends there, though, as a fraction of each micropayment  will trickle down to the translations.  (Will this be the basis for a new Twitter economy in Brazil and Belarus?)

I just started using SpeakLike today and look forward to seeing if anyone in the Spanish-speaking world cares about my tweets.  My new Latino persona is @SenorDaveArmon.

The other interesting crowd-sourced translation business model involves Web video.  dotSUB , created by Michael Smolens, is free for users to upload video and a transcript so each spoken word appears as closed-captioning on the bottom of the video  (click on the “CC” button at the bottom of the player).  Those two steps opens up your video to the hearing-impaired audience.

For video producers who want to reach those who speak another language, dotSUB has a network of professional translators who will do the work for a few bucks (the charge was around $10 a video minute the last time I checked).  There are free translators who know how to use the dotSUB tool, but the content has to be interesting enough for someone to volunteer their time to convert your video into something that will win an Oscar in the Ukraine or Nepal.

There are already a few examples of marketing programs taking advantage of dotSUB and Speaklike.   Use the Comment function below to let me know your thoughts about these tools.