How to start an Audio Transcription business from home
Working from home as an Audio Transcriptionist is relatively easy and cheap to set up. Audio transcription of digital files can all be done remotely. You may never actually speak to your client. All correspondence is done by email.
How to charge for your audio transcription service
There are two options for charging for the service and they are per audio minute and an hourly rate.
Per audio minute rate for transcription
- The client knows exactly what they will be charged up front.
- If you are just starting out and getting to grips with audio typing it could take you a long time to transcribe and it wouldn’t be fair to pass this cost onto the client.
- You can set a different rate for difficult transcription i.e. a file that is bad quality or has a lot of interference, noise background or really strong accents.
- You can bill the client upfront.
- The file may take you longer than anticipated to transcribe due to bad quality etc.
- Lower earnings per hour.
Charging an hourly rate for transcription
- You will be paid for the exact time it takes you to transcribe the file.
- You need to accurately record your time i.e. when you have breaks etc.
- Potentially a trust issue if it has taken a really long time to transcribe.
- Surprise element of a huge bill.
- Not able to ask the client to pay upfront.
One thing you need to consider when charging a per audio minute rate is the difficulty factor.
It can quite often be the case that audio files contain a lot of background noise, mobile interference or people talking over one another. This will take you longer to transcribe and it is advisable to have a per audio minute rate for difficult transcription also.
How long does it take to transcribe a digital audio file?
It is generally thought that it would take FOUR hours to transcribe a clearly recorded speech of ONE hour. The difficulty of the transcription greatly affects the amount of time taken and there are a number of factors that you need to consider when setting up your pricing plan.
- How many people are talking - group meetings/interviews could take between 6 to 10 hours per ONE hour of recorded speech.
- The quality of the recording.
- The type of recording - video could take between 7 to 10 hours to transcribe ONE hour of recorded speech.
- Accents can be difficult to transcribe.
In conclusion there are more advantages to charging per audio minute. You must ensure however to ask the client to send you the file so you can assess the quality. To do this listen to the start of the file and at certain points within the file to gauge the difficulty. You can then more accurately quote for the job.
Find out what equipment is required to work as an audio transcriptionist.