| For many people with typing skills who want to work | | | | within earshot is helpful. Beyond the physical equipment |
| from home, starting a transcription business sounds like | | | | though, training is often touted in order to learn medical |
| an ideal solution. They believe the advertisements that | | | | terms. The field of medical transcription has long been |
| shout quick training and easy work but unfortunately, | | | | a popular one in print. |
| more often than not, do not take the time to do the | | | | Market |
| research about the transcription field and so, end up | | | | Transcription is more widespread thanks to the |
| paying out hard-earned money for training that is of | | | | internet. Many of the freelance sites buy and sell |
| little value. Some things to consider when looking at a | | | | transcription services for specific jobs or for long term |
| transcription business as a career move include the | | | | relationships. Teleconferences are often transcribed in |
| cost of the initial investment, the training needed, the | | | | order to become materials for further books, articles |
| market for the type of transcription in area and the | | | | and training courses. Testimony or interviews can be |
| going rate for such work. | | | | transcribed for a matter of a written record. Medical |
| Cost | | | | transcriptionists often prepare a written record of |
| Depending on the scope and location of your | | | | doctor's notes, medication reports and other |
| transcription business, you will almost certainly need | | | | information by the medical community. |
| some or all of the following equipment: voice recording | | | | Because the materials can be sent via audio files and |
| equipment, computer, foot controls, printer, | | | | transmitted to the buyer via internet or email methods, |
| microphones, and telephone recording devices. You will | | | | this type of service business lends itself very well to a |
| also require standard office equipment, as you are | | | | home-based business. |
| likely to be sitting for long periods of time. If you are | | | | Revenue |
| doing specialized transcription work such as medical | | | | Transcriptionists are typically paid either by the audio |
| transcription, you'll require dictionaries and reference | | | | hour or by the page. Often, the freelance |
| materials should you need to look up terms and spelling | | | | transcriptionists will bid jobs ranging from $10 per audio |
| of words used by others. | | | | hour (in rare instances) to $30 per audio hour or even |
| Training | | | | higher when an understanding of medical or legal |
| Although transcription can be done by working from | | | | terminology is a requirement for the job. Another |
| MP3 or other audio files and typing a phrase or | | | | factor to keep in mind is that transcription firms based |
| sentence at a time, learning to operate more | | | | in India or the Philippines are becoming much more |
| specialized equipment makes the job much easier and | | | | common and these firms typically work for much less |
| faster. A foot pedal for example to start and stop the | | | | money. |
| audio file and headphones for the benefit of others | | | | |
