You would have to be blind or delusional not to notice that the world as we know it has changed significantly. What we have depended on as traditional sources of income have drastically changed.
The Covid 19 pandemic has caused job loses not only in Zimbabwe but the world over. A lot of industries have gone down. This includes a large number of companies which have just shut down.
In the midst of all this chaos, there are a few industries that have actually grown during this time. Ask Jeff Bezzos for example. The owner of Amazon has actually become richer during this period.
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A lot of my friends and colleagues online are actually making good money during this time. I know it may not look that way but there are actually a lot of opportunities that are available and the demand is actually out-weighing the supply.
There are a lot of these kinds of opportunities; more than we can cover in one blog post. However, in this article, we will talk about transcribing as business that you can start.
What is transcribing?
Transcribing simply means turning an audio or video recording into text. This business has existed for many decades and seems set to stay for the foreseeable future. Lawyers, engineers, and many others make audio or video recordings all the time which they need to put in text format.
They can have an in-house transcriptionist to do this job, or they may outsource it. Outsourcing it is easier for them because it works out cheaper for them. The same amount that they pay someone full-time can actually hire 3 or 4 people for many times the amount of work.
You can take advantage of this opportunity and we will show you how in this article.
Who can start this kind of business?
If you have a good ear and great typing speed, you can make a lot of money doing this. The general online transcriptionist earns around $10 to $30 for every hour of transcription work that they do. If you can do 3 or 4 hours of transcription work, you will earn $30 to $120 per day.
Not a lot of jobs in Zimbabwe are paying that much money right now especially with the Pandemic. You can do the math and work out how much you can be able to make per month or week.
What is needed to start transcribing as a business?
To be a transcriptionist you need to have a computer with headphones. You will also need an audio player installed and an internet connection. These are the technical things you need to have in place. As for the competencies required, you need to have the following:
- Good listening capabilities
- Good grammar and punctuation
- Good spelling
- Fast typing speed
These are the basics that you need in order to be able to do well in transcription. If you don’t have these skills, don’t worry. We will show you a way of taking advantage of this business model and make even more money per day.
Who needs transcribing services?
There is a wide range of people who need this service. These include Doctors, Lawyers, market researchers, lecturers, students and many more. They are willing to pay good money for someone to do the transcription services for them.
There are a lot of people making money in this manner all over the world and you could become one of them today.
How to start transcription services even without the necessary skills
The greatest thing about the times we live in is that you can get information on just about any subject under the sun. There are also a number of ways in which you can develop any skills. A good place to start is to do a free course.
Places like Udemy offer free transcription courses where you can learn and develop the necessary skills. A lot of us are not doing much or less than usual. Why not pick up a relevant skill in the process.
If you are hard pressed for time but have the money to put towards it, there is a software that can transcribe audio or video for you at a cost. This way, you can focus on getting as many clients as possible and deliver their work in record time.
That translates into more dollars for you. The software I am referring to is known as HappyScribe. With HappyScribe, all you have to do is enter your media file and within minutes, you will have your transcript.
You can get a Free Trial to help you get started and may even make money off it by transcribing your first client work.
I hope this article has helped you get a better understanding of what is possible with online transcription work. This really can be your saving grace in this hard season that the larger part of the world finds themselves in.
This can be the time that you can actually not just survive but thrive. So, what are you waiting for!?
If you have any questions at all related to making money online, go to https://www.internetproclub.com/forums . We have a large community of people who will answer any questions you might have on online marketing.Recommend0 recommendationsPublished in