Thanks for stopping by to read our review of Transcription Hub.
If you have good typing and listening skills, our review will show you how you could use those skills to earn money on the Transcription Hub platform.
Many people have honed those abilities, and paired them with a good understanding of grammar, to create an online income.
But how much can you actually earn with Transcription Hub? And what are The Pros and Cons likely to be should you decide to join? We will be finding this out, but first let’s take a look at how things work….
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How Transcription Hub Works
Transcription Hub has evaluations that you must do before you can start working via their platform.
Once you register with your basic information, you’ll be tested with recordings, and asked to type what you hear. This allows them to place you at the Gold, Silver, or Bronze level.
While transcription may seem straightforward, you may encounter several challenges during the evaluation, and later while you are working.
You may have to distinguish the speaker’s voice from others among several speakers, or receive a tape with interference from other sources.
Being mentally prepared for these will help you to perform better.
How much can you Earn With Transcription Hub?
Transcription Hub pays you according to the volume of work that you do. If you complete a large number of transcriptions per week, you’ll be paid accordingly.
Once your account is approved, you can view available jobs, and the price for each, from your job dashboard.
You can choose the jobs that you think will be most profitable for you. The subject matter of each tape is described, so if you prefer transcribing business meetings, you can select those when they are available.
In order to prevent repetitive strain injuries, you may want to consider investing in a foot pedal.
Having a fairly quiet area at home in which you can work without distractions is also beneficial.
You’ll be paid according to your level and typing efficiency. The average pay is about $0.75 per minute of audio tape. Don’t forget however that it could take you several minutes to transcribe a minutes worth of audio.
You’ll be asked how many minutes of transcribing you can complete for each week. You should give careful thought to this, since your answer will determine your earnings.
The information you give in response is used to determine your pickup limit, or the maximum number of files you can select at any given time.
If you choose a high pickup limit, that gives you more freedom to earn whenever your schedule is more flexible.
You don’t always have to choose as many files as your pickup limit allows. However, you must ensure that transcription of all the files you select is completed within 24 hours.
How Do You Get Paid?
Payment is made in cash, and your payments can be transferred to your bank via direct deposit. You can also arrange to have money sent to PayPal.
The main criticism of Transcription Hub is that it makes new intakes start at a lower level of pay, and that is discouraging for some transcribers.
Most of the members enjoy working for the platform and the flexibility of the platform.
What Are The Pros?
- Transcription Hub asks you how many minutes you can transcribe per week during the registration process. This means potential transcribers can allocate their time cautiously from the very start.
- This opportunity is available in several regions, and you can select your country during the registration process.
- Since it is remote work, you can spend a little more time with your children.
What Are The Cons?
- Transcription Hub can ask you to transcribe audio from a wide range of settings. These include board meetings, telephone conversations, and conferences. The clarity may be different in each.
- You may be asked to transcribe technical information, so you may have to stop and spend time reviewing unfamiliar words.
- You have to be fast, and even if you aren’t initially a fast typist, aim to improve to 60 words per minute.
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Some Final Thoughts
Transcription Hub offers a work from home opportunity that will suit people who need that type of flexibility.
If you plan to use this to augment your household income, it may be best to spend some time honing your listening and typing skills, and reviewing guidelines on how to describe laughter or use speaker identifiers in your transcription.
Have you used Transcription Hub to create an online income? If so and you want to share your experience then please leave a comment below.
Star Rating 3/5- A good platform for transcribers. The starting rate however is lower so you will have to gain some experience working with the site before your income increases.
Our Top Rated Platform
There is no doubt that transcription is a legit way to make money from home. However, the reason it isn’t our top recommendation is because it doesn’t provide the ultimate flexible way to make money without a boss.
As a transcriptionist you are still going to have to comply with deadlines. If you don’t get work in on time then you won’t get paid.
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