How To Make Money Transcribing From Home

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  • People are always looking for ways to make money online with a legitimate business. One way that you can make money from home is by doing transcription. Transcription is the process of taking an audio source and turning it into a written document. There are many transcription companies that hire transcriptionists that work from home.


    Transcribing from home offers people a way to make extra money to supplement their income, allow parents to work from home to be with their kids, and some transcriptionists even work from home earning a full-time income. At-home transcriptionists are usually independent contractors as opposed to employees of the transcription company. As an independent contractor, you are on contract to provide a service to the transcription company - you are basically self-employed and the transcription company is your client.

  • If you have some basic office experience and are a fast and accurate typist, you can work from home full time or part time as a transcriptionist.


    There are many different types of transcription jobs: medical transcription, legal transcription, and general transcription. This page will focus on legal and general transcription which are the easiest transcriptionist positions to obtain. Most at-home transcriptionist are hired with little or no transcription experience.


    Scroll down for a list of companies that hire transcriptionists to work from home.

  • How It Works

    Though all transcription companies will vary by some degree, generally you'll receive a digital audio file (usually a .wav file). You then open the audio file and transcribe it. Every transcription company will have their own format and preferences for how the finished product should look. Also, some companies will have their own software that you'll have to install and work from, whereas others might send you audio files via email or through an FTP program.


    Once you finish transcribing, proofreading, and finalizing your documents, you will send the document back to the company, either through their own programs, via email, or through an FTP program.


    Payment also varies from company to company. Some pay weekly, whereas others pay monthly. Also, the rate of pay will differ as well. Some rates are by audio minute or hour, and some rates are by words transcribed or by the number of pages transcribed. How much you earn will depend on the amount of work you are able to complete.

  • What You'll Need

    Transcription companies will vary in the type of equipment that they'll require you to have before you can start transcribing for them. But for the most part, you will need the following:


    1. Up-to-Date Computer
    2. Digital Transcription Foot Pedal
    3. High-Speed Internet Access
    4. Audio Player, such as RealPlayer
    5. Good Quality Headphones
    6. Microsoft Word or WordPerfect
    7. A quiet place to work, free from distractions.
  • Paying Taxes on Self-Employed Income

    If you are hired as an independent contractor to perform transcription services from home, and you earn the minimum salary requirement (per IRS guidelines), you should receive a 1099 from the transcription company that you worked for. The 1099 will be sent to you at the beginning of the year reflecting the amount you earned during the previous year. You are required to report this as income and to pay taxes on this income. "http://www.irs.gov/pub/irs-pdf/i1099msc.pdf"