Transcription services are one of the more common freelancing jobs found online. However, unlike writing, these sort of work is not open to just about anybody. Most transcribers need some sort of certification or accreditation, and that is just to be considered for a job. However, once one can demonstrate their qualifications, finding work should not be too hard. There is a high level of need in both the legal and medical industries, and much of this work can be performed from the comfort of the freelancer’s home. As a result, offering transcription services is a way a freelancer can bring some flexibility to their professional life.
Much of the client base is comprised of large corporations. They normally have a large, accessible database that can be accessed through the internet. Through this sort of online service, transcribers can claim work and upload it to their client once it is completed.
There is also a benefit for the corporation. In the past, they would have to pay full time wages for transcription work, as well as provide office space to their transcriber. Now, a lot of this work can be micro-tasked out for a much cheaper price. Instead of having to pay somebody an hourly wage, the corporation can just pay somebody per task. This brings a lot of efficiency to a business model while cutting expenses drastically.
However, there is one downside to freelance transcription work. Since it’s freelancing, the worker needs to report their income on a quarterly basis. The money coming in is not taxed, and so some of it will have to be saved for each quarterly income report to the IRS. Still, for many transcribers, that is a small price to pay for working at home and working on their own schedule, by their own terms.
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