How Much Can You Earn With Speakwrite?
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Thanks for dropping by to read our Speakwrite Review. Today we will be finding out (amongst other things) how much you really can earn on this platform, and if you can depend on it as a regular source of income.
We have reviewed a number of transcription companies on our website. Many platforms require previous experience, and this is the case with Speakwrite, whereas there are some transcription platforms that allow beginners.
Introduction to Speakwrite
is an American internet-based transcription platform that offers typing and legal transcription services. The company, which has its headquarters in Texas, has been operational since 1997, providing transcription services to thousands of clients including, law firms, government agencies, and insurance companies.
Speakwrite accepts general typists and experienced legal transcriptionists to work and make money at the comfort of their home. This makes it a particularly rewarding opportunity for people who are unable to work on regular 9 to 5 jobs due to limiting circumstances in their personal lives.
If you have fast typing skills and are looking to make some extra bucks online, then Speakwrite is the perfect opportunity for you.
1. Personal skills
When it comes to hiring, Speakwrite prioritizes quality over quantity. To qualify as a Speakwrite typist or transcriptionist, you need to meet certain requirements.
First of all, you must have at least two years of experience within five years prior to applying. This requirement applies for both general typists and legal transcriptionists.
To be hired by Speakwrite, you must also meet the standard typing speed of 60 words per minute and have at least 90 percent typing accuracy.
Additionally, Speakwriter requires all applicants to be residents in the US or Canada. They must also have strong English grammar, spelling and punctuation skills.
If you are applying for a legal transcription job, you should have a detailed knowledge of legal proceedings, court headings, depositions, and agreements. The company will also carry out a background check on you due to the sensitive nature of some of the documents you will be transcribing if you get hired.
2. Technical requirements
Apart from the above-mentioned qualifications, Speakwrite also needs applicants to meet basic technical requirements in order to be eligible for hire. These include:
– Windows PC equipped with a sound card and at least 1GB of RAM
– Windows 7 or newer. ( You should note that Speakwrite Software is not compatible with Apple OS) – Licensed version of Microsoft Word 2007 or newer
– Adobe Reader version 8.0 or higher
– Windows Media Player version 10 or higher
– Good quality earphones
– Foot pedal for pausing and playing recordings
So How Much Can You Earn?
Speakwrite typically pays writers between $0.005 and $0.006 per word. This amounts to around $5 or $6 for every 1000 words transcribed. Since the average speaker speaks between 130- 150 words per minute, you can easily transcribe 1000 words within 6 to 8 minutes, assuming you perform the task with minimum distractions.
The flexible pay offered by Speakwrite is highly advantageous because it essentially allows you to earn more as you become more proficient and fast at typing.
Speakwrite pays its typists twice a month through direct deposit, check or Paypal. Moreover, Canadian writers can only receive their payments via mailed check.
Want to learn how to maximise your earnings as a transcriber? Check out our guide
How Does the Speakwrite Schedule Work?
Speakwrite offers contracted typists a highly flexible working experience.
As a Speakwrite typist, you get to choose the number of hours you work per week. Speakwrite has a scheduling tool which can be set for up to two weeks, thereby allowing you to select the hours you are going to work.
The Speakwrite schedule classifies workers into different groups, with certain groups able to claim priority hours. Although you may not be able to secure the best hours every time, you should realize that this is only a feature of the flexible working plan.
What Are The Pros?
Some of the advantages of working with Speakwriter as a transcriptionist or typist include:
– The hiring process is thorough, meaning you will have a less competitive environment once you are hired.
– Flexible work schedule allows you to balance work and your personal life
– Payment is flexible, and you earn more depending on how fast and proficient you work
– Multiple payment methods
What Are The Cons?
Some of the demerits include:
– Stringent requirements
– limited to Windows PC users.
– High starting capital needed
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Some Final Thoughts
Speakwrite is a great way to earn extra cash online by transcribing documents and typing at home.
If you have experience as a typist, and you would like to generate income on the side, then speakwrite is undoubtedly one of the best platforms for you.
Star Rating 3.5/5 -A great platform for experienced transcribers to earn money from in a flexible way. This platform may not suit you however if you are a beginner. If you are new to transcription, read our guide on transcription.