If you're considering quitting your day job to set up a home based business, transcription is one of the many options you could consider. It's simple enough and doesn't require a specific qualification, so with a little effort and determination, you should be able to make a good living out of transcription.
Of course, the job has its pitfalls it tends to be monotonous and may not be as challenging or fun as your regular job. But one of the things you need to keep in mind when you're looking for a work from home opportunity is that you're doing this in order to have something else like flexible timings or the opportunity to watch your child grow.
Transcription involves listening to an audio file and typing out what you hear. It's really that simple. But of course, the job demands that you have good comprehension skills and a decent typing speed. Your typing speed will improve as you take on more work, but you must have your grammar and comprehension in place, or this job may not be the one for you.
There are many types of transcription job available online. Think carefully and pick the one that fits you best. The common transcription jobs are medical transcription, legal transcription and general transcription.
Medical transcription isn't recommended unless you have some basic medical knowledge and perhaps a qualification to back you up. Listening to an audio file can be hard enough without complicated medical jargon getting in the way, so medical transcription shouldn't be your first option unless you know something about it.
Besides, medical transcription often requires some kind of training or certification and it could be a good nine months before you get started on making money online with your transcription job.
Legal and general transcription on the other hand, do not require any kind of formal training or education and general transcription is best suited for those who are just getting started with this home based opportunity.
Transcription is normally paid by the amount of work you do and it's the norm to charge your client per line. The number of lines you manage to type in an hour (you can type 200 lines comfortably), determines the amount of money you will make per hour.
Invest in a nice pair of ear phones (the ones that drown all outside noises especially if you have kids or a dog at home), a high speed internet connection, transcription software such as Express Scribe or Transcription Buddy and a foot pedal. It doesn't cost much to get started and the returns can be good if you stay in the race long enough.
Transcription is one of the work from home jobs that is in high demand today and if you opt for it knowing what exactly to expect, you can be begin to make money online and perhaps even thinking of setting up a home-based business as a transcriber.
If transcription as a home based business doesn't appeal to you here are 21 more work from home ideas which you might like to consider.