How to Become a Transcriptionist and Make Money at Home (2024)

How to Become a Transcriptionist

Table of Contents

So you want to learn how to become a transcriptionist and make money from home? Excellent! Transcribing is a lucrative side income idea, but if you take thetranscription jobseriously and establish yourself in the transcription field, you could leave your day job and work full-time with the potential for great earnings.

Fortunately, general transcription doesn’t require much investment besides a good computer, internet connection, excellent headset, and perhaps a foot pedal. But if you would like to venture into specialized niches of transcription, such as legal and medical transcription, you may need to invest in training and certificates to become qualified.

Whichever niche you choose, if you are dead serious about earning fromtranscription jobs, then it pays to know as much as you can about what the job entails, how to get started, and what you can do to excel in this industry.

What is a Transcription Job?

Transcription refers to the process of turning an audio file into text. The person who works in transcription is often referred to as a transcriptionist or sometimes a transcriber. He or she listens to the audio and then types the words into a word processor.

But themeaning oftranscriptionistextends far beyond converting audio into text. As a transcriptionist, you also need to make sure that the text is free from grammatical errors. You are also expected to research the appropriate words or phrases to ensure the quality of the transcript.

Why Are Transcription Services Important?

Transcripts are essential in several industries and professions, including general business,as well as legal and medical fields. While it can be cumbersome to listen to an audio file to find the information you need, a transcript (the audio file’swritten counterpart) allows for an easier search just by typing in a keyword.

Additionally, it’s more convenient to read (than listen to) a transcript of a meeting, podcast, or video in whichthe speaker is inaudible. It is easier to make sense of a thought or statement in written form than from an audio file that’s hard to decipher or understand.

How Much Do Transcriptionists Earn?

Professional transcriptionist services are in high demand, and those who work these jobs can earn a decent to a lucrative amount. According to Indeed, transcriptionists in the United States can make an average of $13.39 per hour. Established companies may pay more, as much as $60 per hour.

Transcriptionists are often paid per project, usually per audio hour or minute of the file you need to transcribe. According to Thumbtack, general transcriptionists charge between 75 cents to $1.50 per minute of the audio file they are working on.

Factors that affect your rate

The rates can increase in certain instances, like if you receive a bad-quality audio file. The speaker’s accent, background noise, volume, and clarity of the audio file can impact the rates you set for the job.

Finally, the cost of the transcription service may increase depending on the turnaround time. If the client requests a rush transcript,the text must be sent quicker than your standard turnaround time and you can demand an appropriately higher flat fee for the rush work or increase the standard per audio minute rate.

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How to Become a Transcriptionist: What You Need to Get Started

How to Become a Transcriptionist and Make Money at Home (1)

The market fortranscription jobsis relatively easy to enter, IF you have the right attitude, skills, and equipment.

Tobecome a transcriptionist, you need to have the following skills and attitude to flourish in this opportunity:

1. Good command of English

A good transcriptionist has a firm grasp of English rules, including grammar, punctuation, syntax, and spelling. Some projects may require verbatim copies, that is, you need to type the words in the file in the exact way they were uttered; there are also other transcripts that require non-verbatim. For the latter, you need to be sure to produce a clean, error-free, and easy-to-read transcript, following the proper rules of the English language.

2. Excellent listening skills

A good transcriptionist must have a good ear for listening. Some audio files may be easier to transcribe than others, but sometimes, you will come across difficult files containing background noise, thick accents, indecipherable speech, and other problems. You have to be able to listen attentively and make sense of what’s being said to produce a clean, high-quality transcript.

3. Fast typing speed

Sincetranscription jobsare paid per every audio hour or minute of the file. It is essential that you can type fast and error-free to earn as much as possible. A lot of transcriptionists are savvy typists, with a good starting speed of 40 words per minute. However, through more practice and training, you can bring your typing speed up considerably to 80 to 100 words per minute. The faster you type, the more work you can do and the more money you can earn.

4. Patience

Transcribing can be very repetitive work. You need to listen to the file, rewind, type, and listen once again to capture the true utterances. In addition, you also have to be patient and diligent in repeating the process to provide outstanding output.

5. Accuracy

You also need to be accurate in your work to create a high-quality transcript. With that said, you should have a keen eye for detail and be highly precise and diligent in performing research. In this line of work, you will hear words and phrases you’ve never encountered before, such as names of people or places or complicated medical terms. You have to research these words to ascertain that they are the right words uttered by the speaker.

Invest In Your Equipment

Not only do you need the right skills and attitude, but you should also have the proper equipment to start your career infreelance transcription. You need to have the following to begin offering your services:

1. Computer

A computer is essentialfor producing digital files of audio. You should also have a word processor like Microsoft Word in order totype in the text.

2. Internet connection

Most transcriptionists work remotely, so an internet connection is a must-have. It’s good to have a website and business email where you can download the audio file and upload the transcribed content.

3. High-quality headset

A good headset allows you to listen to the audio file more closely. Headsets with noise-canceling features are perfect for this job as they diminish background noise, allowing you to focus more intently on the audio file.

4. Foot pedal

A foot pedal is a device that allows you to play, rewind, and fast forward the audio file by having to step on the levers instead of doing it manually from the audio player or software. This device can help you complete the transcription process quicker than doing it manually.

5. Good to have equipment and devices

Once you’ve rounded up all the equipment above, started getting clients, and you can see yourself working in the transcription field for a long time, you may consider investing in a few more devices and equipment that can speed up the process. These may include transcription software (particularly crucial for formatting and time-stamping), an ergonomic keyboard, a very comfortable office chair, time-tracking software, a good dictionary and thesaurus, and a file converter.

Pick Your Niche or Category

Transcription jobs are generally classified into three categories: general, medical, and legal transcription. Depending on your skills, education, and work experience, one of these categories may be better suited for you than the others.

General transcription

This involves transcribing audio files for interviews, videos, and podcasts. It may also encompass business transcription wherein you transcribe meetings, discussions, and conference calls. You don’t need special training or certification for general transcription work, but you still need to be a fairly fast typist with a good eye for accuracy.

If you want to learn more about general transcription, check out this popularGeneral Transcriptioncourse that teaches everything you need to know to start working as a transcriptionist.

For a limited time, Transcribe Anywhere also offers aFREE General Transcription mini-course. See for yourself if this is the right career path for you.

Legal transcription

This involves the transcription of court hearings, depositions, and so on. You need to have some legal background to do legal transcription and be knowledgeable of the legal terms and phrases to be proficient at it.

If you want to specialize in legal transcription, thisLegal Transcriptioncourse could also help you get started setting up a legal transcription business. This course has fourteen modules designed to help you learn the skills you need to land legal transcription jobs.

Medical transcription

This involves the transcription of doctors’ dictations, as well as other medical documents. Medical transcription requires specialized training, and you need to be knowledgeable about medical terms and procedures.

Finding Transcription Jobs

Whether you decide to work as a freelancer, independent contractor, or under a transcription agency or company, it’s good to know that transcription jobs are abundant. For remote transcription, you can start looking at these sites for potential money-making opportunities:

Looking for a scam-free job site? FlexJobsis my most recommended site for remote jobs. All job listings on the site are screened by the FlexJobs’ hardworking team so you are assured the jobs are 100 percent scam-free.You can save up to 30% on your subscription if you sign up here using this discount code:FLEXLIFE

Easiest Ways to Make Money Online

Are You Ready to Jumpstart Your Professional Transcription Career?

Does transcription seem like a good fit for you? If yes, you may consider investing in a course that could help you develop your transcription skills, speed, and accuracy so you can offer high-quality and top-notch services to your clients.

Transcribe Anywhere offers popular transcription courses created by an established transcriptionist, teaching beginners how to listen to poor audio, punctuate correctly, and type quickly.

The courses also serve as excellent refreshers for seasoned transcribers. And the best part is you get a certificate after completing the course, which makes you look more professional and credible in the eyes of potential clients.

FREE Legal Transcription Mini Course

Transcribe Anywhere also offers free mini-courses that give you an initial look intothe transcription world.

You can sign up for the FREE general transcription workshop or mini-coursehereto see if working as a transcriptionist is right for you.

If you are more interested in legal transcription, they also have afree legal transcription mini-course.

Conclusion

Transcription is one of those work-at-home opportunities that allow you to work at your own pace, set your ownhours, and determine your own rates. It’s perfect for moms who are savvy about the English language and grammar, have impeccable typing speed, and are good listeners.

You don’t have to spend toomuch on business equipment to get things moving. And if you’re willing to go the extra mile, you can spend some time and money learning the ropes through certified courses and workshops.

If you’re still wondering ifo becoming a transcriptionist is a great work-at-home gig, the short answer is yes!

All in all, there’s a good demand for high-quality transcriptionists, and you could be one of those people earning a decent income without leaving home or missing family milestones!

How to Become a Transcriptionist and Make Money at Home (2024)

FAQs

How to Become a Transcriptionist and Make Money at Home? ›

The average transcriptionist who completes 15 jobs can earn $156 per month, and this figure includes those just starting out. If you're looking for an opportunity that allows you to earn extra income, becoming a freelance transcriptionist may be a good fit.

Can you actually make money as a transcriber? ›

The average transcriptionist who completes 15 jobs can earn $156 per month, and this figure includes those just starting out. If you're looking for an opportunity that allows you to earn extra income, becoming a freelance transcriptionist may be a good fit.

How much can a transcriptionist make from home? ›

Remote Transcriptionist Salary
Annual SalaryHourly Wage
Top Earners$57,000$27
75th Percentile$48,500$23
Average$41,995$20
25th Percentile$34,000$16

How do I become a transcriptionist with no experience? ›

For those new to the profession, it's often recommended to start in general transcription, taking work for outsourcing companies. Take practice tests before applying so you can improve your typing speed and accuracy. After working entry-level transcription jobs for a while, you'll be able to take on higher-paying work.

How much do beginner transcription make? ›

An Entry Level Transcriptionist in your area makes on average $21 per hour, or $0.61 (30.146%) more than the national average hourly salary of $20.19. ranks number 1 out of 50 states nationwide for Entry Level Transcriptionist salaries.

How fast do I need to type to be a transcriber? ›

Typing speeds vary greatly, but it's safe to say that transcriptionists should have a typing speed of at least 60 words per minute, which is equivalent to 120 keystrokes per minute. Transcribers have to type every word as they hear it, so their typing skills are in sync with their listening skills.

Is transcribing a hard job? ›

The work is hard and must be precise. Audio files are not always clear of background noise and are often hard to transcribe; doctors who vocally record their notes for a transcriptionist don't always think about the person transcribing what they say.

Are transcriptionists still in demand? ›

According to the Bureau of Labor Statistics, medical transcriptionist employment is expected to drop by 7 percent by 2030. However, the BLS also reports that nearly 7,000 new openings are expected yearly. This certainly indicates a continued demand for medical transcription services.

Are transcription jobs a good side hustle? ›

Odo notes that she still recommends the side hustle transcription to many people. “If you're looking to learn the skill of accuracy and precision, this side hustle is a great one to start with,” she shares. “On top of it, you get to decide on your clients, which gives you freedom.”

Do you need a license to be a transcriptionist? ›

While you can be hired for a transcription job without any formal training or experience, certain higher-paying positions, such as medical or legal transcription, require certification.

What are the cons of being a transcriptionist? ›

Cons of being a Medical Transcriptionist

This sedentary work can lead to health issues such as back pain, eye strain, and repetitive strain injuries.

What equipment do I need to be a transcriptionist? ›

You don't need to spend a lot of money on expensive transcription equipment. In fact, you can start with just a computer, a headset, and word processing software. In transcription, the tools come second to your hearing ability, comprehension skills, typing speed and accuracy, and good grasp of grammar.

Does Scribie really pay? ›

We pay $5 to $20 per audio hour. We pay by audio hour and not the actual time spent working on it. The payment for 6 minute file therefore can vary from $0.5 to $2. The earnings are credited to your Scribie account and it accumulates there.

Does online transcribing pay well? ›

On average, entry-level transcribers can expect to earn around $15 to $20 per hour. However, with experience and expertise, it's possible to earn up to $25 or more per hour.

Does daily transcription pay well? ›

Average Daily Transcription Transcriptionist hourly pay in the United States is approximately $56.38, which is 203% above the national average.

Do transcriptionists make good money? ›

According to Indeed, transcribers in the US earn an average of $19.50 per hour, with a fairly wide range of $12.49–$30.44 per hour.

Is being a transcriber worth it? ›

Making a decent living via transcription sites is possible for those with the right skills and experience. Established professionals have an advantage over newcomers. Aspiring transcribers must invest time and resources in learning best practices to increase their chances of making a fair wage.

Is being a transcriptionist a good side hustle? ›

And few transcription jobs pay extra for that extra time. That said, for the right candidates, transcription can be a great side hustle. In most cases, transcriptionists work remotely on their own schedule. And, outside of a web connection and computer, you don't need much to get started.

Is being a rev transcriptionist worth it? ›

Is Rev freelancing worth it? This question is relative. If you are unemployed and need every dollar you can spare, then Rev.com might be worth it for you. Additionally, if you are not in need of huge funds, but have some extra time you want to make a few bucks along the way, Rev.com might be a good option for you.

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