Speech Recognition Technology in Transcription Industry
Many people view speech recognition technology as the future of transcription. The speech recognition industry is expected to more than triple by 2022.
Becoming a Transcriptionist
Testing to become a registered transcriptionist costs $150-$230. The two tests require an additional $10 fee. As a broad rule of thumb, transcribers say it takes four hours for every one hour of audio to transcribe 30 minutes of audio. For a new job, you may be asked to pass a skills test with short audio clips. The income you can make as a beginner varies widely, from around $15 to $30 an hour.
Training and Earnings in Transcription
Attention to detail and relatively fast typing are generally required skills. It’s possible to get training to learn transcription easily. There are paid courses to become the best transcriptionist. A beginner transcriptionist can earn between $3 and $11 per hour. An experienced transcriptionist can earn over $20 per hour.
Is It Worth Being an Online Transcriber?
Is being an online transcriber worth it? What you earn depends on the pay per minute and how long to transcribe that minute. Some companies pay between $0.40 to $0.50 per minute. The money you can make depends on accuracy, speed, volume, work type, and the company. There are perks to transcribing audio and videos online. Use them to gain experience for much better pay. Typically, you’ll be transcribing short clips of two to four minutes, and you can take on as much work as you want.
Potential Earnings and Challenges
An experienced transcriber/transcriptionist will make between $12.00 an hour to over $20.00 an hour. This comes down to experience, beginner transcribers often take longer to transcribe than a transcriber with more experience. If you want to see how to start your own business as a transcriber, read on. Your job, as a transcribed, would be to transcribe audio files into text and in turn, you will get paid a sum for each one. As a transcriber, your only job is to turn these audio files into text.
Making Money with Transcriptions
How Much Money Can You Make With TranscribeMe? It’s a very simple and straightforward job and even though it’s not as easy as it sounds, it’s something anyone can do. That means meeting deadlines, being an excellent communicator, and being good at what you do. Another thing rarely talked about among transcribers is rejection. You can challenge rejections and get the money earned.