Transcription is one of the jobs you can do online and make good money with or without any experience, you earn money in hours when transcribing and this can done from the comfort of your home or office, this is one of the top paying jobs in Freelancing and if you get serious with it you can be earning thousands of dollars monthly, continue reading to figure out how transcribing works, where you can get hired and more.

What is transcribing? Transcribing is the process of writing out words that you hear on an audio file. So, you hear words from the audio and write it down. You’re demanded to be precise for the proofreading, sentence to be grammatically correct, and specific terms, words about pharmacy, technology, etc.

The reasons someone does this vary, but in general, it’s to turn the audio file into a readable document, in this case they will need the service of a transcriber that will take his/her time to go through the audio, convert it into written text with the right grammar and punctuation, big establishments like media and news houses, hospitals, tech companies etc needs the service of a transcriber to convert their interviews, podcasts, audits etc into written documents.

Unlike some Freelancing jobs, transcription is an industry of its own, with lots of transcription companies like Transcribeme, Go Transcript, Rev, etc you can easily get hired as a transcriber and start work immediately, and from the comfort of your home, all that is required is a good Internet connection, your PC or smartphone(with chrome), your headphone(earphone), a foot pedal(optional) and your time.

Requirements For Transcribing

Below are the basic requirements for anyone that wants to become a transcriber, some of the requirements are optional thus you can upgrade to them when you go advance with transcribing which will in turn make your work faster and efficient

1 ~ A Pc (Laptop or Desktop) :

Transcribing on is lot better and more efficient with a personal computer, the large view and ability to use a foot pedal makes transcribing faster on a pc

2 ~ A Smart Phone :

Transcription can be done a smartphone, however you might not be as efficient as you would if you are on a pc, also if you intend transcribing with your smartphone you should have chrome browser installed and the desktop site option ticked to carry out your transcription job

3~ Chrome or Firefox Browser :

Transcription is all about audio and text so you need to have a good and efficient browser installed on your computer or phone, the recommended browser is chrome or Firefox

4 ~ A headset(Earphone) :

You need a headphone other wise known as earphone while transcribing, with that you will get to hear the audio you are working on more clear and precise without any distractions

5 ~ A good Internet Connection :

A good Internet connection is required for your transcribing jobs, with a good Internet you will be able to download the required works faster which will make your work more efficient

6 ~ Grammarly(optional) :

Grammarly is another tool that you can use to make your punctuations and spellings correct, the use of grammarly in transcription is optional

7 ~ A foot Pedal(optional) :

a foot pedal is a device that is used to pause, play, replay, rewind audio play while transcribing, the device is use alongside a transcription software to make your transcription job easy and efficient, like the name suggests with the foot pedal you pause, play, replay or rewind the audio with your foot instead of your hand, this will give you hand some space to do its job which is typing, the use of a foot pedal is optional and mostly for advanced transcribers.

8 ~ Good in English:

Your ability to use the English language is a top criteria for getting accepted for transcribing jobs and succeeding at it, you need to be able to understand, read and write well and equally have a good listening ability

9 ~ Paying Attention to details:

Your ability to pay attention to details, follow instructions are required for a successful transcription carrier, this will ensure that you deliver jobs accurately as demanded by client, and in return fetch you more jobs and money on the long run.

How To Make Money Online By Transcribing

The Criteria for earning online with transcription is quite simple, make up your mind to transcribe, meet and have the basic requirements, look for transcribing firms(websites), sign up and apply to work with them, get accepted, start working and make your money

Some of the Top paying Transcription Websites(Jobs)

Below are some of the top paying transcription jobs that you can sign up with and earn with them, their payment rates and acceptability

Expected Pay: $15 to $22 per audio hour
Payment Mode: Anytime via PayPal
Qualifications: No experience needed
Availability: Medium

TranscribeMe is a popular option for newbies interested in having a go at transcribing as a way to earn extra cash. They don’t require previous experience but a background in law or medicine can get you a higher pay rate. According to the company, monthly average earnings clock in at $250 while their top transcriptionists earn as much as $2,200.

Expected Pay: $0.70 to $1.25 per audio minute
Payment Mode: Monthly via PayPal or direct bank transfer
Qualifications: No experience needed, foot pedal required, US residents only
Availability: High

GMR Transcription is one of the higher paying companies that do not require previous experience. However, they only accept US-based applicants and you need to have a foot pedal, MS Office, high-speed internet, and over-the-ear headphones to be considered.

Expected Pay: Up to $0.6 per audio minute
Payment Mode: Weekly via PayPal or Payoneer
Qualifications: No experience needed
Availability: Medium

GoTranscript doesn’t have strict requirements and their pay rates aren’t bad. They accept applicants from all over the world even without experience. However, you’ll have to prove your identity by sending an SMS code and your real-time photo.

The company has a reasonable turnaround time of 6 hours for 10-minute media so even slow typers can make it work. They don’t have a monthly quota as well so you’re free to work as much or as little as you want.

Expected Pay: $0.75 to $0.85 per audio minute
Payment Mode: Weekly by check
Qualifications: No experience needed, at least 50 wpm, US and Canada residents only
Availability: High

With clients like the Bank of America, The New York Times, HBO, and the US Air Force, Daily Transcription offers a steady amount of work with a good pay rate. As long as you’re a legal-aged citizen of the US or Canada, you can apply even without previous experience as a transcriptionist. You just need to pass the transcription test and skills assessment test.

Expected Pay: $0.30 to $1.10 per audio minute
Payment Mode: Weekly via PayPal
Qualifications: No experience needed
Availability: High

Rev is a large network of more than 60,000 freelancers with 100,000 global clients like Amazon, Google, and Facebook. You just need good listening skills, a relatively fast typing speed, a reliable Internet connection, and a computer to apply.

Once you’re accepted, you get to choose from the hundreds of projects that are posted each day. From recorded interviews and focus groups to lectures and podcasts, there’s a variety of projects available so you’ll never get bored.

Expected Pay: $0.085 to a bit over $1 per audio minute with bonus depending on work grade
Payment Mode: Weekly via PayPal
Qualifications: No experience needed
Availability: High

To get hired by Casting Words, you just need to fill out a form. You may or may not need to take a test depending on your experience. Once you’re accepted, you can choose an assignment from the Available Jobs list.

Transcription jobs are bonus-based. This means that your pay rate depends on the grade that your submitted work received. For example, work graded 5 gets the base pay amount while the highest grade, 9, gets a total of 3x the base pay amount.

Expected Pay: $0.03 to $0.20 per media minute with additional bonus rates
Payment Mode: Paid through Work Market, from there withdraw funds via bank electronic transfer, Paypal, or WM Visa Card
Qualifications: No experience needed
Availability: Medium

CrowdSurf specializes in creating captions for education, entertainment, and business videos to help the hearing-impaired and second language viewerst. The videos are divided into 5 to 30-second clips to make the task easier to distribute among different transcriptionists.

Signing up is easy and all you need to do is pass the transcription assessment and provide a valid proof of your identity. In less than 5 days, you get an email with the login instructions.

The pay is relatively low and there is sometimes not enough work to do.

Expected Pay: Varies
Payment Mode: Payment availability varies but are paid via local bank transfer, U.S. Dollar Wire Transfer, Instant Pay, PayPal, Payoneer, and M-Pesa
Qualifications: No experience needed
Availability: High

Upwork is the largest freelancer marketplace in the world with 3 million jobs posted annually in various fields including transcriptioning and captioning. We discussed extensively about Freelancing on this post you should check it out.

There’s no base rate and it’s all about what you and your client agree on. Of course, more experienced transcriptionists will be able to charge higher rates. Still, this is one of the best places for beginners to gain experience and build a long-term relationship with different clients.

Expected Pay: At least $0.005 per word transcribed
Payment Mode: Weekly via PayPal
Qualifications: No experience needed, US residents only
Availability: Medium

Tigerfish doesn’t require experience but they only accept US residents. You also need to have a telephone number where they can contact you, a Window-based PC, and, once you get accepted, a copy of PowerPlay which costs $229. You’ll have to invest and stay with Tigerfish for a while to recoup your losses. Fortunately, the company offers a relatively steady stream of work thanks to clients like USA Today, Airbnb, Wall Street Journal, and more.

Expected Pay: $0.80 to $1.10 per audio minute
Payment Mode: Monthly via PayPal
Qualifications: No experience needed
Availability: High

A friendly support staff, good pay rate, and steady stream of projects – these are what Transcription Outsourcing offers. People who’ve worked with the company also say that most of the audio they have are of good quality so that’s a big plus. They offer all types of transcription- medical, legal, general, and even law enforcement related work.

Beginners are welcome to apply but you need to have a good command of the English language and be based in the US.

List Credits : bestofbudgets.com

Other Transcribing Companies includes:

3Play Media, Transcript Divas, etc

Note : most of the transcription companies accept only USA citizens so you might need the aid of a VPN to get by them.

Also most companies will first test you before you can qualify to work with them, so the test is very important so always give it your best

You can Watch this video to learn how to can easily pass transcribing tests.

How To Get Paid When Transcribing

As you can see on the list above most of the transcription jobs pay via PayPal, Payoneer or direct bank transfer, so you will need a PayPal account that receives payment, a Payoneer or a USA bank account lucky enough we have free guides on how you can open a PayPal account that sends and receive payment, a Payoneer account that gives you a USA bank account too, so do check them out.

That’s all about Transcribing and how you can earn money online by transcribing, feel free to ask any questions that you may have on the comment section below, best regards.