It’s an exciting time to look for a Transcription Job and be a transcriptionist.
As the freelance economy continues to grow and digitalization becomes the norm, demand for virtual workers is also increasing. The future of work looks promising for freelancers in this industry.
According to the Bureau of Labor Statistics, the demand for administrative assistants and other information desk and customer service representatives will increase by 13 percent from 2018-2022.
That being said, we know that switching careers can be challenging at times. But we also know that with dedication and perseverance you can achieve anything you set your mind to!
If you’re ready to begin a new career as a transcriptionist, we have everything you need right here!
In this blog post, you will learn about the different types of transcription jobs out there, how much they pay, what skills they require, and more.
Table of Contents
What is Transcription?
Transcription is the process of converting a written text into a spoken audio file. It’s primarily used in legal and medical settings as well as business and academic environments.
Transcriptionists work with a variety of different audio files, such as interviews, focus groups, legal depositions, podcasts, research calls, sales calls, and more.
They must accurately transcribe every word said in these recordings as quickly as possible. In most cases, the audio recordings are either digital or recorded on a digital media device, such as a smartphone, Zoom recorder, or USB speaker.
Transcriptionists are usually paid per audio hour. A common misconception about transcription is that it’s a simple process. It’s actually quite complicated and requires strong attention to detail as well as a high level of listening comprehension.
Transcriptionists must also be able to type at a fast pace as well as make accurate spelling and grammar mistakes. The faster you can accurately transcribe a given audio file, the more money you’ll make!
Types of Transcription Jobs
As a transcriptionist, you can expect to be working with a variety of different types of audio files. Some of the most common audio recordings you may be transcribing include:
Audio interviews – Interviews with experts, CEOs, company representatives, public figures, doctors, lawyers, and more.
Audio presentations – Presentations, webinars, conferences, etc.
Audio lectures – Lectures, seminars, or even team meetings or conferences at work.
Audiobooks – Books that have been recorded on audio files (such as those on audiobooks).
Audio Research calls – Interviews and research calls conducted by researchers and reporters.
Audio podcasts – Shows that are recorded and uploaded to a podcast (such as sports, news, or even entertainment shows).
How Much Do Transcription Jobs Pay?
The amount you can expect to make per audio hour is different for each type of transcription job you do.
You can generally expect to be making between $15 and $25 per audio hour, though sometimes you can make even more!
If you’re an experienced transcriptionist and have the right tools, you can even make upwards of $50 per audio hour!
Your potential earnings will also vary based on your location, experience, and the difficulty of audio files. Some companies may offer you a set pay rate per audio hour.
Other employers will pay you based on how many words you transcribe per audio file. On average, you should be able to complete about 1,000 words per hour.
That being said, you can often significantly increase your earnings by working on more difficult audio files and/or doing multiple files at once.
As you become more experienced, you may also be able to negotiate a higher rate as well.
More money-making opportunities:
Requirements for Becoming a Transcriptionist
As you transition into a career as a transcriptionist, you will need to have certain skills and requirements.
These skills are necessary for transcribing audio files accurately and quickly. Here are some of the most important skills and requirements you’ll need to become a transcriptionist:
Strong attention to detail – Details are crucial when transcribing audio files. You must make sure to catch every word, whether it be a mispronunciation or a typo in the audio file.
Fast typing skills – You’ll need to be able to type out every word as you’re transcribing. This is crucial as you need to be able to accurately type every single word, whether it be a mispronunciation or a foreign language term. –
Good spelling and grammar – As you’re transcribing, you’ll need to make sure every word is spelled correctly as well as use proper grammar. –
Dedication and perseverance – It can be challenging to become a successful transcriptionist.
You’ll need to be dedicated and persistent in order to succeed. It may take a few months to make a full-time income, depending on your experience level.
Transcription jobs: 27 Companies Hiring
Ready to make a change in your life and discover a new career path? Then it’s time to learn more about transcription jobs.
If you’re fluent in English, have strong attention to detail, possess good typing skills, and are a quick and accurate typist, transcription could be a great fit for you. It’s a flexible career that allows you to work remotely, set your own hours, and be your own boss.
You can even earn extra money on the side while you’re in school or when you’re on vacation! If you’re ready to begin a new career as a transcriptionist, we have everything you need right here.