How Much Can You Earn With GoTranscript?
Welcome, and thanks for joining us today for our review of the transcription company GoTranscript.
In our detailed review we will be finding out everything you need to know about this popular transcription platform to help you decide if it is a good choice for you.
Transcription is becoming an increasingly popular way of making money online. In case you didn’t know, it involves converting audio files into written documents for purposes of ensuring clarity and accuracy of information.
Finding legitimate transcription jobs online however can be a challenge, particularly for newbies.
Nevertheless, if you are looking for a platform that offers online transcription jobs for beginners, then you may want to consider joining GoTranscript. But first let’s have a closer look at what this company can offer it’s members……
What is GoTranscript?
As the name suggests, GoTranscript is a company that offers transcription and translation services.
The company hires both newbie and experienced transcribers to transcribe video and audio files online.
Previously known as SpeechToText, GoTranscript has been around since 2005, and it boasts of over 20,000 professional transcribers. The company goes out of its way to help its transcribers succeed, and offers exceptional transcription services.
Applying for transcription jobs at GoTranscript
GoTranscript is free to join. The company usually has openings for transcribers, and it accepts applicants from all over the world. What is appealing for the beginner is that you do not require prior experience to apply.
However, you must be ready to undergo a test to determine your readiness to perform various transcription jobs.
Unlike other similar platforms that have stringent requirements, the application process on GoTranscript is comparatively easier. You just need a computer and fast internet connectivity to apply.
The company will provide you will all the tools and tutorials you need to get started. After filling out your details, you have to download the guidelines and a style guide to learn about the format GoTranscript uses when transcribing audio and video files.
You will then be given written questions to answer about the guidelines. Don’t worry if you don’t get the answers right the first time because you will be given numerous chances to get it right.
You can then proceed to take the assessment test when you feel you are up to the task. This test involves transcribing a short audio file.
GoTranscript will review your application, appraise your transcription test, and get back to you within 30 days to inform you of their decision. Once hired, you can start claiming jobs right away from the “jobs” tab.
How to make money with GoTranscript
The primary way of making money with GoTranscript is through transcription. You can find transcription work by visiting the jobs board on the GoTranscript website.
The company usually notifies members via email whenever they upload new jobs. Each job post indicates the length of the video or audio file and the earnings.
What is interesting is that you have the option of listening to the audio file first before claiming the job. This eliminates any guesswork, and it allows you to choose audible files. When you are ready, you can click on the “Make My Job” tab to start transcribing.
You can download the file and work offline using a recommended transcription tool, or opt to work online using tools provided by GoTranscript.
Once complete, you have to submit the written document for review before you can receive your payments. However, you can only earn money when GoTranscript approves your document.
How much can you earn with GoTranscript?
GoTranscript claims that transcriptionists can earn on average $150 per month, and says it’s top earners earn around $1215 per month.
The company pays $0.60 for every audio or video minute transcribed. For you to earn these lucrative amounts however, you have to work hard and submit quality work. (Check out our guide to maximising your Transcription earnings)
Besides the regular pay, GoTranscript has a bonus system where top transcribers earn an extra $1 to $10 depending on the transcription job performed. To become a top transcriber, you have to submit high-quality documents consistently.
How and when does GoTranscript pay?
GoTranscript does not have a payout threshold. The company pays its members every Friday via PayPal and Payoneer.
What Are The Pros?
– Available to applicants worldwide
– Accepts beginners
– Does not require sophisticated equipment
– Supports multiple payment options
– Does not have a payout threshold
What Are The Cons?
– You must have a 4.5/5 rating to get jobs
– The review of submitted transcriptions takes a while
More Transcription Platform Reviews
GoTranscript is an excellent transcription platform that hires transcribers from all over the world.
The fact that the company accepts transcribers with no prior experience makes it popular with most beginners. Not only that you do not require any fancy equipment to get started as the company provides all the necessary tools needed to transcribe.
The only shortcoming is that the pay is a little bit on the lower side. Essentially, you have to work your socks off to make any significant amount of money.
Nevertheless, as you gain experience, you will receive more jobs, and your pay will become much better based on your rating. With that said, we recommend GoTranscript as an ideal platform for newbie transcribers.
Star Rating 3/5-A Good Transcription platform that offers paid transcription opportunities for beginners and more experienced workers alike. You will need to perfect your art however before you begin to earn anything substantial.