How to Make Money Online Transcribing Videos 2022

Transcription is the process of converting audio and video files into text. It’s a valuable service for many businesses and individuals, including those in the legal, healthcare, entertainment, and education industries. Transcription is different from translation as it involves converting the spoken word (in English or any other language) into text. 

How to Make Money Online Transcribing Videos 

If you’re looking to make some extra money online, transcribing videos is a great way to do it. Transcribing is the process of converting an audio or video file into text. There are many transcription companies that hire freelancers to create transcripts of various types of videos, such as interviews, podcasts, Facebook Live streams, and more. 

How much can you expect to earn? The rate varies depending on the company. Some will pay per project, while others pay per minute or hour of audio/video files transcribed. In general, you can expect to earn anywhere from $5-$50 USD per hour. 

Most transcription companies require applicants to pass a short transcription test before being hired as an independent contractor (which means you won’t be receiving benefits like health insurance). You’ll want to make sure your typing speed is at least 60 words per minute with few mistakes so that you can pass these tests and get hired by companies willing to hire beginners! 

Where to find work 

The easiest way to find transcription jobs is by using a job board. If you don't know how to get started, check out my list of the top 12 transcription jobs boards. 

Some of the best options are: 

• Transcription sites like Go Transcript, TranscribeMe, CastingWords and Rev. These sites allow you to work whenever you want and as much as you want. You can sign up for free and start earning money right away. Some sites pay per audio hour while others pay per word or line transcribed. 
  
  
• Freelancing sites like Upwork (formerly oDesk), Fiverr and People Per Hour also have plenty of clients looking for transcriptionists with experience in different fields or niches. You'll need to set up an account on each site, create a profile (including your skills and experience) and complete a test prior to getting hired by most companies but these are some of the best options if you're just starting out as a transcriber because they offer more flexibility in terms of work schedule and payment methods (you can choose between payment upon completion or split payments). 
  
  
• Websites that hire freelance writers also look for transcriptions quite often since they use transcripts when converting videos into text format so make sure to check such websites frequently if you're planning on being a freelancer too. 

How much do you earn? 

Some of the companies you work with will pay per audio hour, while others will pay per word. The more you transcribe, the more you earn. Pay rates vary from company to company. Some companies have a minimum pay rate (i.e., $20/audio hour) and some have a maximum pay rate. For example, if one company pays $50 for 60 minutes of audio and another company only pays $30 for 60 minutes of audio, then the first company is paying more per hour than the second. 

Transcription is a great way to work from home. 

One of the great things about transcription is that you can do it from home. You don't have to commute, and you work whatever hours you want. If you feel like working on weekends, you can work on weekends. If you feel like taking a break in the middle of the day, there's no one stopping you! But...there's a catch: if you're choosing to take breaks in the middle of the day, odds are that your hourly earnings will go down as well. 

In other words, if your goal is to make serious money through transcripts—money that will allow for financial freedom or a part-time job with full-time pay—you'll need to dedicate yourself and put in some long hours. Some people will be able to earn income just by dedicating themselves for an hour or two each day; others might have to devote three or four hours a day before they start seeing significant results. It all depends on your speed and how hard of a worker you are (and whether luck is smiling upon you).