Make Money Transcribing From Home
This side hustle at a glance
| Earning Potential | Time to Start | Set-Up Cost | Location | Time Commitment | Skill Level |
|---|---|---|---|---|---|
| Low | Quick | Low | Home-Based | Low | Intermediate |
🎧 Listen Now: Sidehustles.co.uk One-Minute Podcast – Make Money Transcribing From Home.
Online transcription jobs you can do from home
One of the biggest appeals of online transcription jobs is their flexibility. Imagine being able to recline in your beloved chair, a steaming mug of tea close at hand, and the liberty to decide when you want to work. Sounds brilliant, doesn't it?
Research shows that about 1 out of every 3 people prefer flexible working hours over a pay rise. With an online transcription job, not only do you get to set your own schedule, but also save time commuting. So instead of spending hours stuck in traffic or on trains, use those extra minutes for more valuable tasks.
No two days are ever alike either. Every day brings with it different projects from diverse industries – making sure monotony stays at bay.
So whether you’re after part-time gigs or full-time hustle - if freedom and flexibility sound like music to your ears - give online transcription jobs a look.
Understanding the Role of a Transcriber
If you're intrigued by online transcription jobs, let's start with getting to know what a transcriber does. Essentially, it involves converting spoken words into written format. It's not as straightforward a role as it may appear.
Some areas and sources that transcribers may be asked to type out include:
- University and College Lectures
- Business Calls
- Public Meetings
- Online Podcasts
- Youtube Videos
- Voice notes
- Business Interviews
- Phone messages
- Virtual Webinars
The Diverse Industries for Transcription Work
Different industries need transcription services, and each one brings unique demands.
For instance, financial firms might ask for earnings call transcripts, while legal offices often require accurate records of court proceedings.
Data companies could be looking to transcribe interviews or focus groups; medical practitioners need patient notes converted into text format efficiently and accurately; video captioning is also another field where transcription skills are in high demand.
According to research, the transcription industry has seen significant growth over recent years. So there’s plenty of work out there if you’re keen on taking up this side hustle.
Increased use of artificial intelligence (AI)
As AI and machine learning technologies continue to advance, we can anticipate a broader adoption of transcription tools powered by AI. These tools will possess the ability to transcribe audio and video content.
However, it is important to note that AI still has certain limitations, and these tools do not yet match up to human transcribers in terms of quality.
Application Process for Online Transcription Jobs
If you're looking to start a side hustle, online transcription jobs can be an excellent option. The application process is usually straightforward, but it does require certain skills and attributes.
Importance of Typing Speed in Transcription Jobs
Your typing speed plays a crucial role in your success as a transcriber. Most companies expect their transcribers to type at least 60 words per minute (WPM). In fact, according to Indeed, faster typists are more likely to get hired.
Statistically speaking, only about 4% of workers can type above 80 WPM, so if you belong to this group – congrats. You've got an edge over most applicants.
About 9% of people have average typing speeds around 40-50 WPM which may need improvement before starting work as a transcriber.
And here's another key stat: Around 13% have mastered touch-typing without needing to look at the keyboard - an essential skill for efficient transcription work.
To boost your chances further during applications make sure that you practice regularly using tools like
TypingTest.com or
Typing.com.
Eligibility
To be eligible for transcription jobs from home, you may need to meet additional requirements and acquire certain tools. These include:
- Having a strong command of the English language, with some organisations requiring at least a grade C in English GCSE.
- Good spelling and grammar skills are also essential.
- Typing speed is another important criterion, often set at 65 words per minute or higher.
- Additionally, you must have access to a fast and secure internet connection as well as a computer.
- While not mandatory, using a foot pedal can greatly enhance your efficiency by allowing you to control audio playback while keeping your hands on the keyboard.
- Investing in quality headphones is recommended for better audio clarity during transcription work.
Although there are free transcription softwares available, some companies might require the use of specific software already used by their clients.
Earning Potential in Online Transcription Work
When you consider online transcription work, it's essential to understand the earning potential. Various elements can affect this.
What Do Online Transcribers Earn
The earning potential for transcription work from home in the UK ranges from around £5 per hour to £20 per hour.
Your typing speed plays a crucial role here. According to TranscribeMe, faster typists tend to earn more as they complete tasks quicker. But remember, accuracy is just as important.
Beyond your skills, earnings can also depend on the type of transcription job you undertake. For instance, medical and legal transcriptions often pay higher due to their specialised nature and increased demand for confidentiality.
Last but not least, your experience level matters too. As per Payscale UK data, experienced transcribers generally earn more than those starting out in this field.
Remember that while these factors influence your income from transcription work, they're not exhaustive nor fixed - there are always opportunities for growth.
Finding Online Transcription Job Opportunities
It's true that finding legitimate online transcription jobs can feel like searching for a needle in a haystack, but with the right guidance and resources, it doesn't have to be so daunting.
Starting Small with Freelance Platforms
Fiverr and Upwork are two popular platforms brimming with opportunities for budding transcribers and are excellent starting points. But remember - patience is key. Don't get disheartened if you don’t land big gigs initially; even top-rated sellers started small.
The great news is that once you gain more experience and positive reviews under your belt, companies will start noticing you. For instance, some of our readers have reported receiving up to 15 job offers per month from larger firms after establishing their profiles on these freelance sites.
key takeaway
To sum it up - use freelancing as a stepping stone towards securing bigger roles later down the line.
UK Online Transcription Companies
Different transcription companies have varying requirements, with some focusing on experience while others look for speed. Let's dive into the specifics.
Let's explore a few websites where you can discover transcription jobs that can be done from the comfort of your own home.
Every company has slightly different requirements for applying to work with them, so make sure you carefully follow the specific instructions. Some companies may ask you to complete an online test to assess your typing speed before allowing you to apply for a job. It is important that you allocate sufficient time and find a quiet space in your home to carry out these tests.
Accuro
Accuro is a company based in the United Kingdom that hires skilled transcribers to provide medical and legal transcription services, as well as other specialised areas. They have strict requirements regarding the software you must possess in order to work for them. To learn more about becoming a transcriber with Accuro and submit your application, please visit their website here.
Bristol Transcription Services
A company not too far from the office at Sidehustles.co.uk is Bristol Transcription Services. They provide transcription services for various businesses. You can contact them through their website here to explore potential opportunities.
Casting Words
This company provides freelance transcription opportunities. It is important to note that if the work you submit does not meet their standards, you will not receive payment for the assignment. This is an important aspect to consider when starting with any of these companies.
However, Casting Words offers a fantastic option for freelancers as you can choose assignments based on your availability and complete them at your own pace. You can visit their website here.
Dict8
Dict8 is a medical transcription company based in the UK that hires former NHS secretaries and administrative staff. If you have a background in medical administration, this could be an excellent opportunity for you to work with them. To learn more about applying for a position at Dict8, please visit their website.
Rev
The Rev website provides opportunities for transcriptionists and video captioners to earn money. The pay rate ranges from approximately £0.25 to £1 per minute of audio or video, depending on your typing speed. Before you can start working, you will need to complete a brief quiz that evaluates your English language skills and grammar proficiency.
Scribie
Working for Scribie entails transcribing audio files into text and reviewing audio transcripts for accuracy. Work at your convenience and earn from around £4 to £16 per audio hour. can apply at their website here.
Transcription City
Transcription City is a well-established transcription company in the UK that offers remote work opportunities. They are currently seeking experienced transcribers who can type at a minimum speed of 60 words per minute. If you meet these requirements and have at least five years of transcription experience, Transcription City could be an excellent option for working from home. You can find comprehensive information about joining their team on the Transcription City website.
Transcript Divas
Transcript Divas, a company based in the UK, is seeking candidates with previous experience and excellent typing skills for their transcription positions. They recommend individuals without these qualifications to consider obtaining training or starting with entry-level roles on platforms like Fiverr. To learn more about working with Transcript Divas and to apply, please visit their website.
UK Transcription
UK Transcription is one of the UK's leading transcription services. However, you will need a typing speed of 75wpm and some experience. You can find out more about working with them here.
Verbit Go
Previously called Take Note, Verbit Go offers UK-based human transcription services. You can visit their website here.
Vitac
This company requires you to have audio typing experience and to have a typing speed of 80wpm. You will also need to have 20 hours of availability per week. You can find out more at their website
here.
FAQs
Final thoughts
So, there you have it. Online transcription jobs from home are more than just a pipe dream.
They offer flexibility and independence, allowing you to work when and where it suits you. You've discovered that transcribers play key roles in various industries - financial, legal, medical and even video captioning.
Your typing speed is crucial for success in this field. The faster your fingers fly across the keys, the higher your earnings potential!
You've learned how to find job opportunities on freelance platforms like Fiverr or Upwork before moving on to one of the larger companies.
In short, online transcription jobs can be an excellent way to earn income from home with ample opportunities available right here in the UK.
BEFORE YOU GO...
We hope you found some valuable insights on making money by transcribing from home. But wait, there's more! If you're excited about the potential of remote work, you won't want to miss our next article on the Arise work-from-home platform. It's a game-changing site that contracts individuals to provide customer support services, often involving phone calls and online web chats. Think of it as the next frontier in home-based employment opportunities. Just like a fast typing speed can open doors in multiple industries, understanding the ins and outs of platforms like Arise could be your ticket to a fulfilling and flexible career. So stay tuned, and make sure you catch our next article to explore another exciting way to earn from the comfort of your home!
sidehustles.co.uk one-minute podcast
🎧 Listen Now: Sidehustles.co.uk
One-Minute Podcast – Make Money Transcribing From Home.
Welcome to the Sidehustles.co.uk One Minute Podcast. In the next 60 seconds, we're sharing a real-world insight from our network of seasoned side hustlers. This quick tip is designed to offer you practical advice that you can apply immediately in your side hustle journey.
Today, we're talking about making money transcribing from home. One real-world tip to stand out and succeed in this field is to focus on improving your typing speed. But don't think this skill is only useful for transcription; a fast typing speed is a transferable skill that can open doors in other industries such as administration, blogging, and web design. Companies usually expect a typing speed of at least 60 words per minute. If you're below this, don't worry; there are plenty of free tools like TypingTest.com where you can practice and improve. So, if you have a good command of English and are willing to invest in some basic equipment, transcription could be a viable side hustle for you, with skills that can benefit you in multiple career paths.
That's your one-minute real-world insight. Stay tuned for more!
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