Making Money Online as a Transcriptionist: Is it Right For You?

It can often be difficult to sift through potential online moneymaking opportunities and differentiate the legitimate ones from work that’s either not worth your time and effort, or an outright scam. In many cases, working as a transcriptionist can give you consistent income, but it’s usually not the best option for making a substantial amount of money in a short time. Keep reading to learn more about the pros and cons. Then, you’ll be better equipped to make an informed decision the next time you see a work-at-home job opportunity from a transcription firm.

Patience and Good Grammar Skills Are Two Essentials

While doing transcription work, you’ll listen to an audio file and type what you hear on the recording. It sounds simple enough, but can quickly turn into a complex task. Some people mumble as they talk, or get flustered, so it’s hard to make out what they’re saying on the first try.

Fortunately, there’s Google Transcribe — a free service that lets you slow down the recording speed. This often makes it easier to understand what’s being said, and will be helpful if you’re starting to feel impatient after repeatedly not being able to decipher words at full speed.

It’s also necessary to have a good grasp of basic grammar skills, plus have a knack for understanding the context in which something is said. Has a person finished a sentence, or is he or she just pausing to take a breath? As the transcriptionist, that’s for you to determine, and this job certainly isn’t a good fit for people who’re uncertain about when to use commas versus periods!

The Opportunity to Listen to Interesting Material

While working from home, many people mention how social interactions become more limited, because they scarcely venture outside of the house. One of the advantages of transcription work is that there’s a need for it around the world. Even if you live in Chicago, Illinois, you might find yourself working for a company that assigns you something from a lawyer in Pennsylvania. Your perspective on the world could become broader without doing any traveling.

That said, some transcription firms require extensive background checks for workers, particularly before assigning files that contain private information, such as Social Security numbers. Do research to determine whether you’re ready to undergo those processes, and find out if you’ll pay for the investigations.

Finally, keep in mind that many transcriptionists are paid per “audio hour,” which means a flat rate for every 60 minutes of material. It’s in your best interest to time how long it takes for you to do just ten minutes, and then multiply the figure by six to determine whether the rate is worthwhile.

Transcription work isn’t suitable for everyone, but it’s often a genuine way to make extra cash without having to leave home. Be mindful of the points above before making a decision about this type of work.

A guest article from Katie Elizabeth who has explored almost every method of making money online, including transcribing for a York workers’ comp lawyer to filling out surveys!

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