Finance

How to Make Money with Transcribing

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It’s safe to say that a lot of us are in the same boat right now, and that’s at home with very little to do. However, for some, you might be able to take the opportunity of doing a bit of extra work from the comfort of your own home. It’s important to check with your current place of work to see if you’re able to do so before you start anything where you would be paid. There are lots of ways to make money from home, and transcribing is certainly a good option.

 


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Transcribing is a great way of making money from home and you could always use that money to invest stocks, ETFs, bonds or P2P loans which increase your passive income. Peer-to-peer lending can be a form of investment that most people can do without needing too much capital, to begin with. You can see the best p2p lending sites in order to get you started.

 

When it comes to finding transcribing opportunities there are many companies that you can find online in order to find the best transcribing work that is out there.

 

How Transcription Works?

When it comes to transcription, it’s essentially where you write down what somebody is saying. A transcriber can be someone who takes down notes in person or from an audio clip that has been taken of a meeting. It’s usually the recording of a human’s voice or voices.

 

In order to be able to do transcribing you’re going to need a computer and the ability to download audio files or have a speaker system where you can listen to said files. You’ll want to be able to type at least 45 words per minute as this is the standard pace you’ll need in order to get the work done effectively.

 

Where To Find Transcription Work

 

Transcribe.Com

 

Transcribe.com is one site that’s a trusted work portal, providing transcription opportunities. It’s important that you must take an assessment test for speed, accuracy, grammar, and punctuation. If accepted then you can access jobs directly from the site. These can range from conference calls to one-on-one interviews. These all have varying deadlines from 24 hours to seven working days, so it can be an effective way of creating your own work schedule that suits you.

 

Most transcribers that work for that site have mentioned that there’s always plenty of work, and the pay is pretty good. It’s always important to check the reviews to see whether or not the site itself is a good choice to go for. There’s lots of feedback that’s given to transcribers so that they can find their weaknesses and improve on their skills.

 

Athreon.com

 

Athreon.com is an online transcription company that recruits those from the United States and Canada. One thing to note when applying to transcription companies is to look for those in your own country as there might be a few downsides to working for overseas companies where the pay after being converted is less than what you’d get in your own country. These types of transcriptions would include medical, legal, academic, interview, and media. Applicants will need to have two years of transcription experience and have an excellent understanding of the English Language.

 

This one might not be so flexible as they require you to work five days per week. The turnaround is a little more strict to at 12-24 hours maximum. If you’re someone who likes working to strict deadlines, then this is a good choice for you.

 

Upwork.com

 

Formerly known as oDesk, Upwork is well known as a platform for freelancers across a variety of virtual positions. From transcription jobs, content writing, graphic design, the list goes on and on. To access the work, you need to create a profile and then list your experience and skills. After acceptance you can then apply for positions sending applications directly.

 

Reviews of this site are mixed as some of the work can be well paid, and other work might not be so financially beneficial.

 

So are transcription jobs worth it while working from home? If you’re not working at all and need the money, then, of course, it’s a perfect job to do in order to bring in the extra cash. It’s all dependent on how much time you can commit to it. Some transcribers can make up to $1,500 a month if they are working a lot of hours, but others might earn around $200-$300 on minimal work. It’s all based on what you can do and whether it’s something you can fit into your schedule. In times of need, like this pandemic, it can be a welcomed income for many, so do consider it if you’re eligible.

 

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