Are you looking for a work-from-home job that pays well? If so, transcription might be the perfect fit for you.
Transcription is the process of converting audio or video files into written documents.
It can be a great way to make money from home as there are a variety of transcription jobs to choose from. This article will discuss transcription jobs that pay well.
Some transcription jobs are great for a full-time job, while others are an excellent way to make extra money as a side gig.
What Is Transcription?
Transcription means turning audio (or video) content into written form. Transcriptionists listen to recordings and type out what they hear. The finished product is a written transcript of the audio.
People use transcription for various purposes, including creating subtitles for videos, producing closed captioning for television programs, and creating written versions of speeches or other audio content.
Why Would Someone Need a Transcriptionist?
There are many reasons why someone might need a transcriptionist. Perhaps they need subtitles for a video they're creating, or they want to create a written record of an important speech or meeting. Whatever the reason, transcriptionists provide an essential service.
What Are the Qualifications?
Transcriptionists must be able to type quickly and accurately. They also need to have good listening skills and the ability to understand various accents and dialects.
Some companies may require transcriptionists to have previous experience or training, while others may provide training for new hires.
What Materials Are Required?
All you need to get started is a computer, an internet connection, and a good pair of headphones. Some transcription companies may require you to have a foot pedal as well.
Why Are Transcribers Important?
Transcribers provide an essential service. They create written versions of audio content, which can be used for various purposes. Transcription is used primarily to create video subtitles, closed captioning for television programs, and written versions of speeches or other audio content.
What Is the Transcription Process?
The transcription process is relatively simple. Transcriptionists listen to audio recordings and type out what they hear. The finished product is a written transcript of the audio recording.
What Fields Utilize Transcribers?
There are many fields that utilize transcriptionists, including law, medicine, business, and entertainment. Medical transcriptionists may listen to recordings of doctor-patient conversations and type out the conversation. Legal transcribers may listen to court proceedings and type out what is said. In business, transcriptionists may listen to conference calls and type out what is discussed.
How Are Transcriptionists Paid?
Transcriptionists are usually paid per audio hour. This means that they are paid a certain amount for each hour of audio they transcribe. The pay rate can vary depending on the company, the type of transcription, and the transcriptionist's experience.
Are All Transcribers Independent Contractors?
No, not all transcribers are independent contractors. Some transcription companies may hire employees to work in-house.
However, many transcriptionists are independent contractors, which means they work at home and are self-employed.
TranscribeMe is a popular transcription company that hires transcribers from all over the world. To get hired for this position, you'll need to pass a transcription test. Pay starts at $20 per audio hour, and from there, you will receive PayPal payments weekly.
2. 3Play Media
This company is suitable for both beginners and professionals. You must pass an English proficiency test for the company to consider you for the position.
Bam is an excellent company if you're a fan of the entertainment industry. Bam works with companies within the entertainment industry, providing transcriptions for them. They do not have an online application available, so you will need to send them an email.
4. GMR Transcription
GMR will pay you based on turnaround time, several speakers per file, and audio quality. Transcribers earn $0.75 to $1.00 per audio minute, which translates to $45 to $60 per audio hour.
The only downside of GMR is that there is a probation period where you need to transcribe two hours of audio to be paid, and you must do at least four hours of audio every month to continue working with the company.
5. Go Transcript
Go Transcript pays up to $.060 per audio minute. If you can type 60 words per minute, you can make around $36/hr. The maximum amount you can earn monthly is $1,215.
6. Daily Transcription
Daily Transcription pays $0.75 to $0.85 per audio minute, which equals $45-$51 per audio hour. It typically takes up to 6 hours for a beginner to transcribe an hour of audio – so an hourly rate of roughly $7.50 to $8.50 per hour.
Rev will pay you every Monday via PayPal. Their rate is $0.30 to $1.10 per audio minute, which translates to around $3-$11 an hour.
Rev used to be one of the leading transcription sites until they changed their pay rate, and then their reviews started declining.
8. Dictate Express
Dictate Express does not post its pay rate anywhere but based on data collected by The Wary Worker, it is estimated that you can make around $0.03 per line. With voice recognition software, you should be able to do about five lines a minute.
Since you are an independent contractor, you can choose when you work. However, you must do at least 45 minutes of work each day owing to the high demand from law enforcement.
9. Transcription Wing
Transcription Wing pays an average of $0.60 per recorded minute, which equals around $9.00 an hour for beginners.
Transcription Wing is a company that specializes in general, legal, and medical transcription. They are known to pay better than the average entry-level transcription company.
10. Transcription Divas
Transcription Divas is a service for more experienced people. Their highest rate is $2.98 per audio minute, which translates to about $44.70 an hour. Their lowest rate is $0.84 per audio minute, which translates to around $12.60 an hour.
Ubiqus pays per word transcribed, but they do not post their pricing anywhere. Ubiqus would like their transcribers to have some experience.
They only hire U.S. residents who own a computer, headphones, and a strong internet connection.
12. Pioneer Transcription
Pioneer Transcription pays at least $1.00 per audio minute for general transcribers and a per-page rate for legal transcribers.
Pioneer is woman-owned. They seem to hire experienced subcontractors exclusively, and they say they would prefer someone who already has a foot pedal and is ready to begin work as soon as possible.
According to their website, eScribers' rates are highly competitive, and they pay their contractors weekly.
eScribers claims to be one of the country's most significant legal transcription and reporting companies. They are mainly seeking experienced legal transcribers, electronic and stenographic reporters, and proofreaders.
You can set your work schedule up to two weeks in advance.
14. Averbach Transcription
Averbach is one of the best-paying transcription companies. For regular assignments, you can make around $1.00 a minute and $1.50 for quick turnaround.
Averbach wants its transcribers to have at least two years of experience. You also have to pass a skills test consisting of a five-minute audio file. You must complete it within 25 minutes.
If you decide to work for Crowdsurf, you will create video captions for deaf, hard of hearing, and second language viewers.
You'll need to have complete English language fluency and stellar proofreading skills.
While Quicktate prefers you to have English fluency, they also offer foreign transcribing opportunities.
Quicktate does require you to have some experience, and you cannot have any felonies or misdemeanors.
To work for Speakwrite, you must be a citizen of Canada or the U.S. SpeakWrite requires you to have one year of transcription experience in an office environment, and you need to pass a typing test with 60 words per minute.
Tigerfish is a bit of a celebrity in the transcription community. Some of their notable clients include Gap and Newsweek.
You need to have experience working with this company, as they have a premium package that guarantees clients a finished transcript of any live or prerecorded event in two hours.
CastingWords claims that they are always hiring, so if you are eager to get started in this field, this company is a great place to start.
CastingWords describes itself as a crowdsourced transcription service. Crowdsourcing means that all the people working for the company are independent contractors.
To work for them, you must be over 18.
Scribie has two different options that they offer their clients:
- An A.I. generated transcription services (with 80% to 95% accuracy)
- Human-generated transcription services (99% accuracy)
While the A.I. is a cheaper option, clients sometimes become turned off by the accuracy level.
The company needs human transcribers for quality control.
Many opportunities are available if you are looking for a transcription job from home. The key is to find the company that best suits your needs and experience level. With so many companies to choose from, one is sure to be a perfect match for you.
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About the Author
Robyn is a millennial mom with a passion for personal finance. She has her MBA and has been studying Personal Finance on her own for as long as she can remember. She has always been “into” personal finance but got inspired to start her blog after a period of extended unemployment. She says that experience really changed the way she viewed her relationship with money and the importance of accessible personal finance education. Read more at A Dime Saved.