Freelance Transcription Jobs: How Much Can You Make? | Allegis Transcription (2024)

FAQs

How much can you realistically make transcribing? ›

Transcription is a well-paying career with many opportunities. A transcriptionist's salary is generally around $19.02, while an advanced transcriptionist earns around $25 to $30 per hour. With this rate, you can easily earn an average of $1141.2 every month if you work 2.5 hours per day for 24 days.

Most transcriptionists can make between $15 and $25 an hour when they're just starting out and don't have a specialization or expertise. Some fields pay more for transcription services, like legal or medical companies.

Industry standards. Standard rates for professional transcriptionists (especially those professionals from North America) range from $1.5 to $3 per audio minute or $90 to $180 per audio hour. If your project has extra requirements, such as a quick turnaround time, you may be forced to pay more to have the job done.

When it comes to individual transcribers, the average time to transcribe one hour of audio is approximately four hours. But, some transcribers quote four hours as the minimum since it can easily reach 10 hours. Transcription time by audio hour varies so much mostly because each audio file is different.

Transcription jobs are lucrative ways to make extra money, especially if you speak and write in more than one language. Here are the best work-from-home transcription jobs. Transcriptionists are in high demand.

Working from home as a transcriptionist is a great way to earn a steady income with flexible hours . If you're an experienced typist with strong grammar skills , this may be a rewarding career for you.

Transcription work sounds easy since it only involves listening to audio files and typing. In reality, however, transcription is quite complicated. It takes commitment and full involvement in the job to ensure that you produce excellent work.

How much do remote transcriptionists make? ›

A Work From Home Transcriptionist in your area makes on average $18 per hour, or $0.72 (4%) more than the national average hourly salary of $17.43. ranks number 1 out of 50 states nationwide for Work From Home Transcriptionist salaries.

Transcription Services - Starting at $0.79 per minute | TranscribeMe!

Various factors affect how long it takes. As a very broad rule of thumb, many transcribers say it takes four hours for every one hour of audio. Obviously, if you're wondering how long to transcribe 30 minutes of audio file, around two hours.

“Transcription rates per minute” is a common rate structure. Expect to pay $1-3.5 per minute.

A transcription foot pedal has buttons which can be configured to have different functions. Generally, people have a standard three-button foot pedal set to have rewind, play/pause and fast-forward functions. Some other functions can include slowdown, jump or next dictation among others.

Transcription Speed for the Average Person

The average person can transcribe one audio hour in about 4 hours. It takes most people about one hour to transcribe 15 minutes of a clear, slow audio file. If any of the factors we mentioned above change the quality of the recording, that time might go up.

Writing 100 pages will take about 20.8 hours for the average writer typing on a keyboard and 41.7 hours for handwriting.

Translators are paid higher on average than transcriptionists, as translation is more time-consuming and more complex. This is mainly because a translator must be an expert bilingual to succeed, which requires plenty of time and effort.

Eventually, the more tunes that you learn by ear and the more solos that you transcribe, the easier it will get because your ears improve each time. The key is to get over that initial barrier and learn that first tune by ear.

Are transcriptionists in high demand? ›

For professionals with language translation skills, the jobs outlook is especially promising, with a growth projection of 18% through 2026. However, while demand for court reporters and language-based transcription is strong, the job outlook for medical transcriptionists indicates less demand for this specialty.

We pay $5 to $20 per audio hour. We pay by audio hour and not the actual time spent working on it. The payment for 6 minute file therefore can vary from $0.5 to $2. The earnings are credited to your Scribie account and it accumulates there.

While ZipRecruiter is seeing monthly salaries as high as $4,375 and as low as $1,167, the majority of Transcriptionist salaries currently range between $2,333 (25th percentile) to $3,166 (75th percentile) across the United States.

People may not think of transcription services when considering side hustles to undertake for extra income. However, they could be ideal for anyone looking to have a mobile business.

Among the plethora of roles is that of a medical transcriptionist. This is an excellent career option for anyone looking to start working in healthcare sooner. With medical transcription programs ranging from 6-12 months and flexible work opportunities, there are many benefits of being a medical transcriptionist.

By working as a freelance transcriptionist, you can choose how many hours you want to work. This makes it an excellent job for students or anyone who wants to make extra money. Read on to learn more about transcribing to help you decide if a transcription career is worth it.

How fast do I need to type to be a transcriber? ›

Practice Typing

While most transcriptionists can type at around 50 words per minute (WPM), make it your goal to type at least 60 WPM. By improving your typing speed, you can get more work done in less time, which seriously increases your earning potential!

Transcription speed for an average person

An amateur transcriber typically types between 40 and 60 words per minute. As a result, it takes the average person about four hours to transcribe one hour of audio.

How long does it take to transcribe 1,000 words or more? An average typist can transcribe 1,000 words in about 25 minutes. However, a professional typist can achieve this same feat in less than 13 minutes with 99% accuracy.

When a transcription crowd employer offers money, and in return receives a salable product (transcription), the money received is from sales and is therefore liable for sales tax.

You will be responsible for transcribing audio or video files of various lengths with a high degree of accuracy and within a reasonable timeframe according to specific style guides. The pay rate starts at US$28 per audio hour for these projects. Full or part-time, freelance, remote job.

As a transcriptionist, I tried both and I prefer Rev. If I remember correctly, transcribeme just assigns you something to transcribe. You don't get to choose. Sure, you can reject it, but then you have to wait for them to decide to assign you something else.

As an example, TranscriptionWing's standard format for timestamps is [HH:MM:SS] - that is the accurate hours, minutes, down to seconds - placed in different ways within the transcript.

Zoom typically takes twice the duration of your meeting to process the transcript. For a 30-minute meeting, it can take up to 60 minutes to get the transcript.

The average price for automatic Zoom captions is approximately $0.25 per audio minute (approximately £0.20), although you find some tools that are slightly higher or lower. If you have a lot of recordings to transcribe, you may prefer to opt for a monthly subscription plan.

How much is Zoom transcription? ›

Live Captions for Zoom is priced at $20 per host per month, while human-powered transcriptions and video captions are $1.25 per minute. Rev's human-powered transcriptions are claimed to be 99% accurate and are well-reviewed by users on G2 and Capterra.

Without a transcription foot pedal, a medical transcriptionist will be forced to go through the tedious process of using their mouse to rewind, fast forward, pause, and play the audio file that they need to type out.

Typing. It's vital for transcriptionists to have strong typing skills to transcribe files quickly. The average typing speed for transcriptionists can vary, but these professionals can usually type between 60 to 80 words per minute (WPM).

I want to work at Rev because it is a place where you get to be your own and choose your own hours and how much you work. There are of course rules and guidelines you have to follow if you want to keep the job, but they're easy to learn.

Transcription jobs are lucrative ways to make extra money, especially if you speak and write in more than one language. Here are the best work-from-home transcription jobs. Transcriptionists are in high demand.

Working from home as a transcriptionist is a great way to earn a steady income with flexible hours . If you're an experienced typist with strong grammar skills , this may be a rewarding career for you.

Employment of medical transcriptionists is projected to decline 7 percent from 2021 to 2031. Despite declining employment, about 9,300 openings for medical transcriptionists are projected each year, on average, over the decade.

Beginner Transcriptionists:

Transcription can be difficult to master, especially in the beginning stages. Many newbies find the concept of listening and then typing up audio files difficult.

Lots of stress.

The work is hard and must be precise. Audio files are not always clear of background noise and are often hard to transcribe; doctors who vocally record their notes for a transcriptionist don't always think about the person transcribing what they say.

Transcription Speed for the Average Person

The average person can transcribe one audio hour in about 4 hours. It takes most people about one hour to transcribe 15 minutes of a clear, slow audio file. If any of the factors we mentioned above change the quality of the recording, that time might go up.

How long does it take to start transcribing? ›

Through college certificate programs, it can take two years or more to get fully certified. But with online programs, you can train to be a transcriptionist in the legal industry and get certified in only 4-6 months.

According to the U.S. Bureau of Labor Statistics (BLS), job opportunities for medical transcriptionists are projected to decline 7% over the coming decade. It's a dying field, especially in relation to other healthcare support occupations, which the BLS predicts will grow 16%.

You can become certified by taking and passing an exam provided by the AHDI. The organization offers two types of certifications for medical transcriptionists: Registered Healthcare Documentation Specialist (RHDS) and Certified Healthcare Documentation Specialist (CHDS).