Transcription is the process of typing recorded audio or video files. Doctors, lawyers and seminars speaking professionals use documents transmitted for future reference and record keeping. As a result of the transcription nature, it creates a very good business for those who want to work at home or away from home. Another advantage of the transcription business is that there are very few obstacles to entry. However, anyone interested in starting a transcription business will still have to face many challenges.
Prepare yourself for starting a transcription business
Know typing qualification. The most important element of starting a successful transcription business so far is the essential typing skills required for your client to work. As a professional who provides transcription services, you have to type extremely fast and accurate. Understand the basic requirements for typing:
You need to be able to move more than 200 lines per hour on 98% accuracy.
You should be able to type more than 65 words per minute.
You must type accurately using grammar and correct spelling.
Test your typing speed and accuracy. There are many websites where you can do this, or you can schedule a typing test with a local company or educational service.
Improve your typing skills, if they do not measure. Before you start something else, you have to be sure to improve your typing speed and accuracy. It can actually be done only through practice. Consider:
To improve your typing skills, enroll in a typing class at a local junior college.
Practice as much time as possible. Type things just for fun or challenging yourself. Re-write old hand-written recipes. Try to broadcast your favorite television show. Just do anything about
Frequent testing to measure any progress made by you.
Buy essential equipment and software. While many people think transcription is not an investment area and transcriptors only use MS Word or similar programs, it is often wrong. Transcriber is often required to invest in specific tools and software to meet the needs of industries that work to enhance specific industries and their productivity and efficiency. Examples of commonly used devices include:
Transcription software will give you a big advantage over programs like MS Word because their auto attributes are often better, they have short cuts, macros, hotkeys and other things that will increase your efficiency and accuracy. These include integrated video and audio playback and file storage solutions.
A foot pedal Your foot pedal will enable you to efficiently control the speed and sound level of your audio playback.
Decide whether you want to specialize in a specific area. After working on your general skill, you need to decide which specific field you want to practice transcription. While you can market yourself in many areas, it is best to begin to focus on one and become an expert in the field of transcription.
Many business owners require the use of a transcriptionist, but they also require transcriptions that are familiar with the area of their business.
Understanding the industry means that you will identify the technology of the industry, which includes words and terminology.
Decide whether you want to transfer to a medical field, legal area or a general area.
Depending on the area you have chosen, enroll in the transcription curriculum. There are many types of transcription courses on the internet and in traditional brick-and-mortar settings. Many transcription courses are region or industry-specific, and you will focus on educating for that area. The transcript course will teach you:
Industry Specific Glossary If you do not already know legal or medical terminology, then enroll in vocational courses at community college or transcription school.
Industry specific style and format.
General transcription practices You can also enroll in a program which teaches every aspect of transcription.
Depending on your chosen area, secure the appropriate certificate. While your transcription curriculum can meet the certification requirements for a specific area, it can not be too. If this does not happen, then you need to research and certify the certification requirements in your chosen area. Certain areas, such as medical transcription or legal transcription, often require certification for work. If this is not needed, it will at least make you more competitive.
Getting Work and Finding Customers
Apply for personal transcription jobs, gain experience and establish presence. Just because you started a transcription business does not mean that companies will come with you. You have to be very active to gain experience. To gain enough experience and to take out your name, you should apply for some transcription jobs at your community or national level. It can mean many things. Consider:
Taking on a full-time transcription job in an office setting.
Find online contract work. There are many websites that deal with free-lance transcription jobs in particular. Work on this contract in the form of building construction experience and getting the work done.
Look for contract work in your community. Go out actively, look at your newspaper and other publications, and try to recognize free-lance or contract transcription work in your community.
Make your business official by branding yourself or your company. After being a good part of your experience and maybe your name is known in your community, the first thing you need to do is to decide whether you want to come with a company name or just one person As you want to bring yourself into the market. Getting started, it can be easy to bring yourself into the market as a person. Later you can hire other people and formally adopt a name for your business. When you decide to proceed with marketing as an individual, consider:
Register your company and get a business license, if you need one.
If you are working from home, make sure that you are following any zoning law.
Learn about your tax liabilities. Ensure that you are ready to meet expectations for tax requirements and deductions. Contact the tax advisor, or call the IRS for specific details to file taxes. You can also see them online.
Find a place to work with. Decide whether you want to rent an office space or work from your home. If you choose to work from your home then your operating costs will be less expensive. If you want to work outside your home, a small office will be enough for your desk and equipment. The address of a physical office will appear more professional and will separate the house from work.
Promote your transcription service to businesses. If you want to work, you can market yourself locally. Identify that in transcription business you can work nationally and worldwide for customers. You just need to set yourself up electronically to meet those demands.
Create a website or hire a professional to do this. Most hosting companies offer templates that you can easily set up and maintain.
Print brochures and business cards, and send them to potential customers. You can also leave them on local businesses.
Research your competitors in the area and find out what hourly or project rate your area is.