How Much Do Online Transcriptionists Earn?
What do online transcriptionists earn?
An entry-level transcriber can realistically make anywhere from $5.00 an hour to $15.00 an hour. However, an experienced and certified transcriber can make significantly more, anywhere between $12.00 to $25.00 and over, an hour.
If you are wanting to start a career that allows you to work from home, transcription / transcribing can be the career for you to consider.
Which Factors Determine Your Earnings?
There are certain factors that determine what you can earn as a transcriber, such as the following:
- What you earn per audio minute.
- How long it takes to transcribe that minute.
Most transcription companies will pay by the audio minute, rounding up the audio hour for all the transcribing work you’ve received.
That said, bear in mind that one audio minute may take more than 5 minutes to process!
What is an Audio Minute?
An audio minute is one minute of a person or people talking on a file. Now, one audio hour is one hour of a person or people speaking on file.
Transcription companies pay you for each transcribed audio minute or audio hour.
what do online transcriptionists earn
How Much Does an Entry Level Transcriptionist Make?
An entry-level transcriptionist can most likely earn from $5.00 to $15.00 an hour, with an average pay of $5.00 an hour. This comes down to experience, beginner transcribers often take longer to transcribe an audio file than a transcriber with more experience. If you are a beginner with no experience, oftentimes companies will start you off at the lowest possible rate.
However, if you have no option but to start with no experience, starting is going to get you somewhere!
How Much Does An Experienced Transcriptionist Make?
An experienced transcriber/transcriptionist will make between $12.00 an hour to over $20.00 an hour, depending on your experience, qualifications, and how much work you are willing to process for your company.
Working for a company is not the only way to transcribe. You can go freelance and charge what you believe you are worth, this could better the chances of you receiving a better income per audio minute / audio hour.
Working As a Freelance Transcriber
Some freelance transcribers will often charge no less than $20.00 an hour. This is possible by setting yourself up on all the right platforms, for example, Fiverr and Upwork. Keep in mind having a professional social media presence can work in your favor too.
Working as a freelance transcriber can be beneficial to you more so than working for a company when you have a good portfolio of steady clients. So be sure you create a good rapport with the clients you meet and they will come back to you for more work.
what do online transcriptionists earn
Conclusion
Can someone with no transcription experience go from no experience earning an average of $5.00 an hour to earning over $12.00 an hour? Yes, of course.
If you have the right mindset and practice you will get better and be able to deliver high-quality work and start getting more clients.
