is general transcription a good career
Can You Earn Enough from Transcribing to Make It a Living?
Transcription work is on everyone’s lips these days, but can you earn enough from it to make a living?
The amount of money you make through transcribing depends on how many hours you are prepared to work, typing speed, accuracy, experience, and work availability. A beginner transcriber can expect to earn $10 per hour while an experienced one can earn up to $22 per hour. That said, if you want to make a living as a transcriber, you’ll need to put the hours in.
Keep reading to find out more about the benefits of becoming a transcriber and what you can expect in terms of payments, benefits, and working environment!
Is Becoming a Transcriber Worth it?
When it comes to online transcription work there are a ton of benefits!
Firstly, you get to be your very own boss. There’s no need to report to the office at 9 and leave at 5, and you can work from the comfort of your own home. That said, if you want to work in your pajamas then absolutely nobody can tell you otherwise! Provided that you meet your deadlines for each project you pick you can set your hours to suit your daily schedule which is really convenient, especially for working parents.
Secondly, you get paid weekly which is really beneficial for many people. Even if you have another work commitment, transcription can be the helping hand you need to carry you through the end of the month when you really need it. That said, if you decide to become a professional transcriber, it’s still convenient to have a steady flow of income every week rather than one lump sum at the end of the month. This also helps you to keep better track of your spending!
Thirdly, transcribing has some truly great earning potential. For most, this can be really motivating as the more experience you get the more you can earn.
How Long Does it Take to Transcribe One Hour of Audio?
If you are transcribing manually, then one hour of audio can take up to five to six hours to complete! This is because you will need to stop and pause frequently in order to catch up with dialogue. This can become time-consuming and frustrating, especially when you need to rewind the recording and you forget your place.
As a manual transcriber, there is high-technology software that can help make things easier by identifying speakers, defining shortcuts, and speeding up or slowing down the speech so that you can easily transcribe. Software such as this is especially helpful for group discussions, and will allow you to continue typing with the need to stop, pause, and rewind continuously.
Here are some of your best options:
- IMB Watson Speech to Text
- Amazon Transcribe
- Microsoft Speaker Recognition API
If you truly are serious about making a living from transcribing, then it’s definitely worth your while to download software that can help you get work done faster and earn more money. Remember, money is time and time is money!
How Can I Earn More Money as a Transcriber?
When it comes to transcription there are many things that you need to get right before you can become successful. Many transcription companies will simply take your money and leave you to your own devices once you’ve completed the course. This can be very disconcerting, especially when you are earning the bare minimum!
So, in order to earn a living from transcription you need to have the following knowledge:
- How to use software to manipulate audio and transcribe files faster.
- How to type like a pro and get hired by well-established transcription companies.
- How to scale your earnings by taking advantage of multiple transcription platforms at the same time.
- On the job tips that will help you transcribe files faster. Including grammar guides, common homonyms and more.
- Software set up demonstrations and practice audio files.
- Earnings calculators, resume templates and cover letter template.
If you’re looking for a company that can provide you with all of the above, then TypeWhizz is definitely your best bet. With over 2000 students across the globe and over 48 partners, you’re guaranteed to make a living from transcription.
Now that you have an idea of how much you can earn as a transcriber and the tools you’ll need to succeed, it’s time to take action and get started!
If you’re looking for a trusted and reputable transcription company, TypeWhizz trains you and helps you to build your career as you progress, and ensures that you get steady jobs every week.