If you are looking for work from home job and make money online using your spare time, transcription jobs might be perfect for you. Furthermore, you don’t need any special skills or prior experience to become a transcriptionist.
Transcription jobs are broadly classified into three categories. They are medical, legal, and general transcription. For medical and legal, you must have the knowledge and previous experience in the industry.
However, for general transcription jobs, no such experience is required. We will focus on general transcription jobs in this article.
Before we dive into the finer points, let us first understand what is a transcription job in specific?
What is Transcription?
In simple language, transcription is a process of converting video or audio files into a written document. Often companies hire independent contractors for transcribing their large audio files as it saves a lot of money and time.
To become a transcriptionist, you must have a good knowledge of the language and typing skills. Companies that hire transcribers generally take an assessment test of your skills.
As mentioned earlier, transcription jobs are classified into medical, legal, and general. General transcription jobs generally revolve around converting audio-visual interviews, meetings, keynote speeches, academic lectures, and similar stuff.
Skills & Tools Required to Become a Transcriptionist
Accuracy in typing is the most important skill that job providers look for. Having an error-free and fast typing ability will surely be a big plus. in addition, listening skills and good command of the language, mostly English is a must.
You will be required to have an updated computer with a fast internet connection. Tools like headphones and foot pedals are a must.
Though most companies will provide their own transcribing software, it is better to have your own transcription software. More so, if you want to work as a freelance contractor. Software like Express Scribe can be downloaded for free.
How Much Can You Earn from Transcription Jobs?
Most transcription job providing companies payment structure is based on pay per audio minute or hourly basis. The rates vary from company to company. The experienced transcribers are generally paid higher than beginners.
For example, if the rate is $25/ hour, this means you’ll earn $50 for every hour of audio you transcribe. You can maximize your income by finishing the tasks at a faster rate.
Where to Get Transcription Jobs? Top 7 Legitimate Companies That Provide Transcription Jobs
The online transcription job industry is often riddled with scams. Many beginners get scammed as fake companies lure candidates with big income opportunity offers. One advice, in general, is not to sign up with companies that look for the registration fees.
Based on our experience, we list down below top genuine transcription job companies that actually pay.
If you serious in making a career as a transcriptionist and make money, subscribing to Transcribe Anywhere can be a good starting point. They not only conduct transcribe courses but also helps you in starting your freelance transcription business.
They teach you how to transcribe in the most effective way through various learning modules. In addition, aspects like getting clients, fixing the right rates, and much more are covered in the course.
TranscribeMe is a legitimate and popular transcription job provider online. You need to register and attend a transcription course conducted by them. After finishing the course, you will be asked to go through a short exam. Successful candidates will then get access to live jobs from the platform.
The company pays $15 per audio hour. No prior experience is required. You’ll be paid weekly through PayPal.
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6. ASC Services
Other than general transcription, medical and legal transcribes are also of good demand. However, you must be adequately trained to those specified job assignments. In the United States, a medical transcription typically makes around $ 40,000 in a year.
Suggested Read: Top Work At Home Transcription Jobs
Transcription is a legitimate way of making money online from home. According to the Bureau of Labor Statistics, general transcriptionists on average earn between $10 and $20 per hour.
As you get more experienced, you will surely command better hourly rates as most companies look for a professional transcriptionist who can get the job done most effectively.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.