Is transcribing a good way to make money?

But transcription is such a job that doesn’t require any extra experience or skills. With normal, everyday knowledge, we can easily earn some extra money. Choosing as little or as much job as I want, this job gives a certain type of freedom to also go on with the ordinary social life.

Are transcribing jobs worth it?

Transcription sites are fine when you’re looking to earn pocket money. But if you’re desiring full-time employment, use them to gain experience. They look at your experience, your work ethic and offer much better pay. The work is not snatched by the first person who gets the chance.

How much money can a transcriber make?

The average median annual income for a general transcriptionist is currently $45,000. Legal transcriptionists can earn around $60,000. Of course, if you start your own business and hire subcontractors while working as a project manager yourself, your income can grow well beyond these figures.

Can you make a living off transcribing?

In most cases, transcribing online isn’t enough to make a living for beginners. However, as you develop your skills and gain more experience, you’ll be able to work faster and get a higher rate to help you make it your main source of income.

Is becoming a transcriptionist hard?

Transcription is challenging work, but you can train from home and work from home or anywhere you have access to a computer with an internet connection. It is not, however, a get-rich-quick-while-laying-around situation.

Can you live off being a transcriptionist?

Transcription is a well-paying career with many opportunities. A transcriptionist’s salary is generally around $15, while an advanced transcriptionist earns around $25 to $30 per hour. With this rate, you can easily earn $1,500 every month if you work 2.5 hours per day for 24 days.

Can you make a living doing transcription?

According to Payscale, the average hourly rate for a transcriptionist is $16.33. Beginners who do general online transcription may only earn about $10 an hour or less, but there’s potential to earn over $25 an hour as you gain experience and enter into higher-paid specialties.