TranscribeMe Review: Is TranscribeMe Worth It?
If you’re looking to get your feet wet in the work-at-home industry, you could start with transcribing. A lot of companies offer transcription work to freelancers and work-at-home professionals, and depending on how much work you put in; it could be one of the best online part time jobs with potential to turn into a full-time income.
And one of the most popular transcription agencies right now is TranscribeMe. But is TranscribeMe scam or legit? Let’s find out in this TranscribeMe review.
TranscribeMe Review: What is TranscribeMe?
TranscribeMe is one of the companies offering transcription part time online jobs.
Transcription is the process of turning an audio file into text. Basically, you listen to an audio file which could be a script of a video or podcast, lecture, actation, court hearing or conference, and then type in what you hear. It may seem as straightforward as that, but there’s more that goes into transcription.
You have to make sure that you know and understand English grammar, syntax rules, punctuation, and more. Also, you need to be able to format the copy indicating who is speaking, and in some cases, including timestamps.
But if you’re committed to learning transcription and want to earn from it, TranscribeMe could be an excellent stepping stone.
Joining TranscribeMe is a fairly straightforward process. You head to TranscribeMe’s official website and sign-up (it’s free!). You’ll have to fill out the form asking for personal details, such as your name, email, and country. You’ll need to have a PayPal account, or your country must be able to accept PayPal payments to go through the registration.
Everything happens in the TranscribeMe’s portal. You’ll go through the TranscribeMe exam, study the style guide, and pass them all to qualify.
When you’re ready to join, take the TranscibeMe test through the TranscribeMe portal.
The TranscribeMe exam is composed of two parts. The first part is a multiple-choice test on grammar and it’s followed by two audio files that you need to transcribe.
It’s best to prepare for the exam because you can only take the TranscribeMe test 4 times. If you fail on the first test, you can take your second chance after six months.
How to Pass the Transcribeme Exam?
Here are a few tips on how to pass the TranscribeMe transcription test:
Study the TranscribeMe Style Guide
Make sure to study their style guide on proper use of punctuation and grammar before taking the exam. This should increase your chances of passing the exam.
You need to be able to type at 40 words per minute so before the exam, practice typing if you’re slow.
Use a quality headset
As mentioned, the second part of the exam requires you to type out two audio files. Make sure to have quality headsets to be able to hear the audios well.
Once you’re in, you can start getting TranscribeMe jobs and start making money as a transcriber.
The good thing about TranscribeMe is that you don’t have to deal with lengthy audios. The files are broken into shorter segments (1-2 minutes on average), so you can transcribe as many as you can. You have to make sure that they’re high-quality and accurate, though, so they don’t end up getting rejected. Once you get the hang of it, you can grab as much work as the portal offers.
How Much Can You Earn With TranscribeMe?
The pay you get from TranscribeMe is commensurate to how fast you can transcribe without sacrificing quality. Currently, the rate per audio hour is at $20. That means you get paid 33 cents for every minute of qualified transcription. That’s not much money if you’re only doing it to pass the time, but people who take it seriously can earn as much as $2,000. The average pay a transcriber makes is $250 per month.
Note: You don’t earn $20 for every hour that you work on the transcription. You get paid $20 for every one hour worth of audio, no matter how many hours it takes to transcribe the file completely.
You can earn more if you get promoted to QA (quality assurance) or join special teams. If you have experience in medical and legal transcription, that should help you earn more money, too.
Also, payments are processed via PayPal. You just log in to your TranscribeMe account and withdraw your earnings when you like.
The Pros and Cons of TranscribeMe
If you’re looking for transcription for everyone opportunity, then TranscribeMe might be just the place to be. Here are the pros and cons of working for the company to help you determine if is TranscribeMe worth it.
Easy sign-up process
You don’t need to go through hoops and loops to join TranscribeMe. You can sign up right away, take the exams, and when you pass, you can start working right away.
No need for experience
You don’t need to be an experienced transcriber to work for TranscribeMe. If you’re a self-starter and willing to learn, you’ll learn about transcription as you work.
Work at your own time
You can work as a transcriptionist whenever your schedule permits. You can transcribe late at night, early in the morning or at the weekends – you can be as flexible as you like!
TranscribeMe pays pennies for your hard work. Most people take around four hours or more to transcribe one hour of an audio file.
Although you can grab work at the portal whenever you like, TranscribeMe does not guarantee a steady stream of work.
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TranscribeMe Review: Join or Pass?
With all things considered in this TranscribeMe review, you might begin to wonder whether or not to join or pass TranscribeMe. You might also ask: is TranscribeMe legit?
Well, as far as legitimacy is concerned, yes, the company is legit. It’s been paying out freelance transcribers for many years now. However, should you join the company?
That boils down to whether or not you can work with the rate that they’re offering. Getting $20 per audio file may not be enough for you and you might find yourself frustrated having to grind several hours of work only to get such meager pay.
However, it can be one of the best online part time jobs for those who don’t want to fully commit to a job and just want to make extra income.
If you want to get a great break into the transcription industry, it’s better to invest in training and courses that’ll set you up on the right track from the very start. That way, you can build yourself as a professional transcriber and be able to start your own transcription business without having to affiliate yourself with a company. Your business becomes your own company. You can set your own hours, your own rates, and your own rules. You get to experience the true essence of running your own home-based business.
I also suggest reading this post where I talk more about transcribing as a side hustle and the things you need to get started. And if you are interested in transcription training, I also recommend checking out the following resources:
A lot of people consider transcribing as a fast and straightforward way to earn money. While there’s truth in that, it makes a huge difference how you do it. You can work for a company like TranscribeMe that feeds you with work (when available), or you can seek out your own clients and impose your own rates, which can be significantly higher.
Hopefully this TranscribeMe review sheds light that transcription is hard work, so it’s best to pick a route where you are better compensated for your time and effort.