Start Your Own Transcription Business

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Internet offers immense potential to make money. Providing services is one of most popular ways for making quick money on internet. It requires certain training and experience which sometimes proves inconvenient and difficult. Some people have typing skills and are keen to start their online business, preferably working from home. Starting a transcription business is much easier since it does not require much training and expertise. Also it is very economic since it requires little start-up cost.

What is Transcription?

Transcription Service has a very old history. It started from secretaries taking notes in shorthand and transcribing it on typewriter. Later, it was replaced by Dictaphones and Tapes. Transcription service has developed long way over the years. Now is the age of digital transcription. Digital Transcription is the act of listening to the spoken words and typing what is heard into a word processing document for later use. With ongoing development of Computer Technology and introduction of word processing programs we are in a better position to save and deliver voice files in different formats. Small voice files can be emailed or it can be sent to you via a FTP server (file transfer protocol). Some websites provide this facility.Sendthisfile allows this facility free of charge andSmartftphas a nominal annual cost for this service.

Different Types of Transcription.

General transcription includes transcribing sermeches, religious sermons, insurance and meeting minutes. Group discussions, interviews focus groups, telephone conferences, educational seminars etc. Ability to type fast and accurately, strong vocabulary, excellent spelling and grammar skills, and familiarity with word processing software are the basic skills required by a good transcriptionist.

Legal transcriptionis a specialized type of transcription. It requires transcription of different kinds of legal documents, such as court hearings, law enforcement investigations, legal depositions and interrogations etc. In addition to the above skills, a legal transcriptionist is also expected to be familiar with legal terminology and the formatting of different legal documents.

Medical transcriptionis a highly specialized transcription field. Medical transcription covers a vast field which includes Doctor Office notes, X-ray reports, operation reports, emergency room reports, psychiatric evaluations, clinical reports, lab & pathological reports etc. Medical transcription does require advanced training and thorough knowledge of medical terminology.

To become a successful transcrptionist you need to possess good listening skill and the ability to listen and type simultaneously.

Before you proceed with your new transcription business, please consider some important aspects:

1. Consider your startup cost: You will need some basic equipments like voice recording machine, computer, foot control pedal, telephone recording, broad-band connection, microphone, printer etc. If you are opting for medical transcription, you will require medical dictionaries and reference materials too.

2. Acquire basic training: If you learn operating specialized equipment it may help making your job much easier and faster. Medical and Legal transcription requires familiarization with specialized terminology. There are reputed institutions ready to help you acquire the skills required for a successful transcriptionist.

3. Plan your revenue generation strategy: Normal practice is to pay a transcriptionist by audio hour or by the page. Medical or Legal transcription contracts better rates based on skill and ability to deliver the transcripts timely and accurately.

So, get ready to move on with your new transcription business. Best of luck! basic skills required by a good transcriptionist.

Legal transcription is a specialized type of transcription. It requires transcription of different kinds of legal documents, such as court hearings, law enforcement investigations, legal depositions and interrogations etc. In addition to the above skills, a legal transcriptionist is also expected to be familiar with legal terminology and the formatting of different legal documents.

Medical transcription is a highly specialized transcription field. Medical transcription covers a vast field which includes Doctor Office notes, X-ray reports, operation reports, emergency room reports, psychiatric evaluations, clinical reports, lab & pathological reports etc. Medical transcription does require advanced training and thorough knowledge of medical terminology.

To become a successful transcrptionist you need to possess good listening skill and the ability to listen and type simultaneously.

Before you proceed with your new transcription business, please consider some important aspects:

1. Consider your startup cost: You will need some basic equipments like voice recording machine, computer, foot control pedal, telephone recording, broad-band connection, microphone, printer etc. If you are opting for medical transcription, you will require medical dictionaries and reference materials too.

2. Acquire basic training: If you learn operating specialized equipment it may help making your job much easier and faster. Medical and Legal transcription requires familiarization with specialized terminology. There are reputed institutions ready to help you acquire the skills required for a successful transcriptionist.

3. Plan your revenue generation strategy: Normal practice is to pay a transcriptionist by audio hour or by the page. Medical or Legal transcription contracts better rates based on skill and ability to deliver the transcripts timely and accurately.

So, get ready to move on with your new transcription business. Best of luck!

Copyright (c) 2010 Anne Shaw

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