Make $30/HOUR Doing Online Transcription Jobs From Home Worldwide (NO EXPERIENCE)

Ted Gets Bread
21 Jul 202214:27

TLDRThis video discusses the potential for making money as a transcriptionist, converting audio or video content into text from home. It highlights the flexibility of the job, the ability to work at your own pace, and the international scope of the work. The video lists five websites where one can start transcription work: rev.com, crowdsurfwork.com, speechpad.com, gotranscript.com, and 3playmedia.com. Each site is reviewed with its pros and cons, including pay rates, acceptance speed, and competition with other workers. The video emphasizes the importance of English proficiency and a reasonable typing speed for this line of work, and it encourages viewers to find joy in earning extra income through transcription.

Takeaways

  • πŸ“ **Transcription Jobs**: You can make money by transcribing audio or video into text, with no experience required.
  • πŸ’» **Work from Home**: Transcription jobs allow you to work from home, using just a laptop.
  • πŸ’° **Earning Potential**: Professional transcriptionists can earn up to $300 a week, with rates varying from $0.30 to $1.10 per audio/minute transcribed.
  • 🌐 **Global Opportunities**: Many transcription jobs are open to international applicants, as long as they can speak English.
  • βœ… **Flexibility**: Transcription work offers the flexibility to work at your own pace without a set schedule.
  • πŸ” **Rev.com**: A popular site for transcription work, offering weekly PayPal payments and a flexible schedule, but with a competitive application process.
  • πŸ“‰ **Crowdsurf**: Offers shorter transcription tasks and quicker acceptance, but lower pay rates and competition with Amazon Mechanical Turk workers.
  • πŸ“ˆ **Speechpad**: Pays twice weekly via PayPal, with a higher earning potential but also competition with Amazon Mechanical Turk workers and occasional application closures.
  • 🌟 **GoTranscript**: Provides statistics on average monthly earnings and accepts international workers, paying through both PayPal and Payoneer.
  • πŸ† **3Play Media**: Known for higher pay rates, quick application process, and accepting both English and Spanish transcriptionists, but with potentially less work available.
  • πŸ“ˆ **Earning Rates**: The more skilled and faster you become at transcribing, the higher your potential hourly rate can be, up to $20 or more per hour.

Q & A

  • What is the main topic discussed in the transcript?

    -The main topic discussed in the transcript is the opportunity to make money by working as a transcriptionist from home, with a focus on various websites that offer such jobs.

  • What is a transcriptionist's job?

    -A transcriptionist's job is to listen to audio or watch video content and type out what is being said into text format.

  • What are some of the benefits of working as a transcriptionist?

    -Some benefits include the ability to work from home, not needing to interact with anyone, having no strict schedule, and working at your own pace.

  • What are the basic requirements to become a transcriptionist?

    -The basic requirements to become a transcriptionist are English comprehension, a reasonable typing speed, and the ability to accurately transcribe audio or video content.

  • How much can a professional transcriptionist make in a week?

    -Some professional transcriptionists can make upwards of $300 a week doing transcription jobs.

  • What is the pay rate for transcriptionists on rev.com?

    -Transcriptionists on rev.com can earn from 30 cents to $1.10 per audio/video minute they transcribe.

  • What are some of the cons associated with working on rev.com?

    -Cons include the fact that they only pay out via PayPal, and it might take a while for new applicants to get accepted due to high demand for work-from-home jobs.

  • What is the payment range for transcriptionists on crowdsurfwork.com?

    -The payment range on crowdsurfwork.com is from 3 cents to 20 cents per media minute.

  • Why might transcriptionists on crowdsurfwork.com face competition?

    -Transcriptionists on crowdsurfwork.com face competition because the platform hires workers from Amazon Mechanical Turk, leading to more people vying for the same transcription jobs.

  • What are the payment options on gotranscript.com?

    -Gotranscript.com offers payment through both PayPal and Payoneer.

  • What is the earning potential for transcriptionists on 3playmedia.com?

    -Transcriptionists on 3playmedia.com can potentially earn between $20 to $50 an hour, with some reports of casual workers making $50 daily.

  • What is a potential downside to working on 3playmedia.com?

    -A potential downside is that there might be less work available compared to other sites because 3playmedia.com charges clients more due to higher pay rates for transcriptionists.

Outlines

00:00

πŸ–₯️ Online Transcription as a Lucrative Career Option

The first paragraph introduces the concept of making money online by transcribing audio or video content into text. It explains that transcriptionists work for companies that connect them with clients needing transcription services. The speaker dispels common misconceptions about writing jobs and focuses on the flexibility, international opportunity, and ease of entry into transcription work. The paragraph also outlines the basic process of how transcriptionists are paid and highlights the potential earnings, with some professionals reportedly making up to $300 a week. Lastly, it sets the stage for a discussion on five different transcription websites, their pros and cons, and average pay rates.

05:00

πŸ’° Earning Potential and Work Flexibility at Rev.com

The second paragraph delves into the specifics of working with rev.com, a well-known transcription platform. It discusses the process of signing up as a freelancer on the site, the flexibility of creating one's work schedule, and the weekly PayPal payments. The earnings potential is outlined, with rates ranging from 30 cents to $1.10 per audio/ video minute transcribed. The math behind potential earnings is provided, showing that with increased transcription speed and efficiency, one could earn a reasonable hourly rate. The paragraph also addresses the pros and cons of working with rev.com, including the popularity leading to longer acceptance times and the limitation of PayPal as the only payment method.

10:01

🌐 International Opportunities and Challenges with Crowdsurf and Speechpad

The third paragraph covers two additional transcription platforms: Crowdsurf (crowdsurfwork.com) and Speechpad.com. It highlights the ease of signing up with Crowdsurf and the international scope of work, with a focus on English proficiency and typing speed. The pay range for Crowdsurf is mentioned, and the paragraph notes the quick acceptance process but also the competition with Amazon Mechanical Turk workers. Speechpad is presented with a broader pay range and a twice-weekly payment schedule, but it shares the same competition issue with Amazon Mechanical Turk and the limitation of PayPal-only payments. Additionally, Speechpad's application process may be closed if there are too many transcribers, which could prevent new applicants from joining.

Mindmap

Keywords

πŸ’‘Transcription

Transcription involves converting audio or video recordings into written text. In the video, it refers to the job of listening to audio or video and typing out what is heard, allowing companies to get their media content transcribed.

πŸ’‘Transcriptionist

A transcriptionist is a person who transcribes audio or video recordings into text. The video discusses how anyone with English comprehension and typing skills can become a transcriptionist and work from home, earning money by transcribing content.

πŸ’‘Rev.com

Rev.com is a transcription service platform where transcriptionists can find work transcribing audio and video files. The video highlights Rev.com as a reputable site where transcriptionists can earn between $0.30 to $1.10 per audio/video minute.

πŸ’‘Crowdsurf

Crowdsurf is a transcription service that offers transcription jobs, often providing shorter audio or video clips for transcriptionists to work on. The video mentions Crowdsurf as an option for those looking for more casual transcription work with quick acceptance.

πŸ’‘Speechpad

Speechpad is another transcription service that offers transcription jobs and pays between $0.25 to $2.50 per minute transcribed. The video lists Speechpad as a viable option for transcriptionists looking to work at their own pace with bi-weekly payments.

πŸ’‘GoTranscript

GoTranscript is a transcription service that pays up to $0.60 per audio or video minute. The video mentions GoTranscript as a platform where transcriptionists can earn up to $1,200 per month, with payment options including PayPal and Payoneer.

πŸ’‘3Play Media

3Play Media is a transcription service highlighted in the video as one of the best for earning potential, with some transcriptionists making $20 to $50 per hour. The site offers opportunities to transcribe in English or Spanish and pays weekly.

πŸ’‘Flexible Work Schedule

A flexible work schedule allows individuals to work at their own pace without a fixed timetable. The video emphasizes that transcription jobs offer flexibility, enabling transcriptionists to work from home and manage their own time.

πŸ’‘PayPal

PayPal is an online payment system used for receiving payments. The video mentions that many transcription services, like Rev.com and Speechpad, pay transcriptionists through PayPal, highlighting it as a common payout method.

πŸ’‘Typing Speed

Typing speed refers to how quickly a person can type, typically measured in words per minute (WPM). The video stresses that a reasonable typing speed is essential for transcriptionists to efficiently transcribe audio and video content and maximize their earnings.

Highlights

You can make money online as a transcriptionist without experience.

Transcription companies connect you with people needing video or audio transcribed into text.

Transcribers type up what they hear in audio or video and send it back to the client.

Some professional transcriptionists make upwards of $300 a week.

Transcription jobs are available internationally for those who can speak English.

No special experience or skills are needed, just English comprehension and typing speed.

Transcribers can work at their own pace without a set schedule.

Five different websites are listed where you can start transcription work.

Rev.com is a classic place to get audio transcribed or to become a transcriptionist.

Transcribers on Rev.com can earn between 30 cents to $1.10 per audio/video minute.

Rev.com pays weekly through PayPal, but the application process can take months.

Crowdsurf offers short audio or video transcribing jobs and pays 3 to 20 cents per media minute.

Crowdsurf has a quick application process but a less intuitive user interface.

Speechpad.com pays 25 cents to $2.50 per minute and pays twice a week.

GoTranscript.com pays up to 60 cents per minute and shows average earnings statistics.

3PlayMedia is considered one of the best transcription sites, paying up to $50 daily or even hourly.

3PlayMedia has a quick application process and pays weekly.

There is less work on 3PlayMedia due to higher pay and higher charges to clients.

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