Chapter 20

Transcription Business

1 min read

Convert audio and video content into accurate text documents

Difficulty: ●○○○○ | Time Investment: 20-40 hours/week

Visual Flow

[AUDIO/VIDEO] → [TRANSCRIBE] → [FORMAT & EDIT] → [DELIVER DOCUMENT]

Quick Stats Box

- Startup cost: $50–$150 - Time to First Sale: 2-3 days - Revenue potential: $800–$3,000/month - Scalability: High

What You Need:

- Fast, accurate typing skills - Transcription software - Good headphones - Time management abilities

What You Do:

1. Receive audio/video files 2. Transcribe using software assistance 3. Edit for accuracy and formatting 4. Add timestamps if requested 5. Deliver in requested format

How You Charge:

- Per audio minute: $1–$3 - Rush delivery: 2x standard rate - Specialized content: 50% premium

Launch Checklist

- [ ] Day 1: Test typing speed and accuracy - [ ] Week 1: Join 3 transcription platforms - [ ] Week 2: Complete 10 practice transcriptions - [ ] Month 1: Build direct client base - [ ] Month 2: Hire and train assistants

Success Story

"Anna specializes in medical transcription and earns $2,800/month working with 3 practices"

Pro Tip

Use AI tools for first draft, then edit. This triples your hourly earnings while maintaining quality.

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