Is TranscribeMe a scam or not? Is it possible to make decent money transcribing information from audio recordings, or is it nothing but a waste of time?
Let’s take a closer look and find out….
Want to make a great part-time or fulltime income? Click below for details…
Company Name: TranscribeMe
Owner: TranscribeMe Inc.
Price To Join: Free
My Rating: 5/10
~ TranscribeMe Reviews ~
What Is TranscribeMe?
If you’re reading this review then you’ve probably been searching for ways to make some extra cash online without it interfering with your regular routine. TranscribeMe is just one way of many where you can earn a bit extra online, but is it worth doing? Or are the earnings as paltry as paid surveys and rewards sites?
TranscribeMe is exactly as the name suggests. The website offers an audio transcription service – transcribing from audio to written words – for businesses, corporations, research companies, contact centres, educational institutions and the like.
TranscribeMe allow members of the general public – people like you and I – to join their system as a transcriptionist. It’s then our job to listen to the audio files and write out what we hear, word for word.
If you speak several languages, then there is also the option of transcribing and translating into either English or another language as well.
All you really need to do this is a computer, decent internet and headphones.While you can make some cash in your spare time with this, there are also other more profitable ways to make money online from home. Click here to learn how I make $1000s a month in passive income.
How It Works
You don’t need to pay anything and you also don’t need to have any prior experience to join TranscribeMe as a transcriptionist. Simply create your account on the platform, study their style guide, pass an accuracy examination, then start earning.
Many of the audio files are only really short, ranging in length from 10 seconds to 2 minutes. Of course there are longer audio files as well, but on average they are very short. You can also log on and work whenever you like. There are no set hours and you are working as a contractor for TranscribeMe and not an employee. You can do as much or as little as you like, depending on the availability of work.
Now that you’re all set up and ready to take on some tasks, what you have to do is listen to the audio recording and type what you hear. While this isn’t particularly difficult, it is time consuming. Unless you’re a super typist who can just keep going and don’t have to repeatedly stop and listen to the audio over and over, even transcribing several minutes of audio is going to take way longer than several minutes.
They tend to divide audio files up into smaller, more manageable chunks, as this leads to a higher degree of accuracy. Once a number of transcriptionists have completed their tasks, TranscribeMe piece the entire transcription together for the client.
When you transcribe an audio file it make not make a lot of sense because it will likely just be one piece of a much larger file. It doesn’t really matter. Just type what your hear, then once you’ve completed a chunk of audio, you then submit your transcription for review. Once a reviewer determines that it passes the accuracy test, your fee for the job will be credited to your TranscribeMe account.
How Much Money Can You Make With TranscribeMe?
This is the real point of interest for most people, I’m sure. You want to know how much you are going to get paid for your time as a transcriptionist.
According to the TranscribeMe website, their top earners are pulling in around $2200 a month, with the average being about $250. The pay rate is calculated according to how many hours of audio you have transcribed. TranscribeMe pay $20 per audio hour.
Now don’t get that confused with earning $20 per hour. It’s actually $20 for every hour of audio you transcribe, which in reality will likely take you probably 3 or more hours to do, possibly even much longer than that.
You can cash out your earnings at any time and TranscribeMe pay with PayPal. Your account must have a minimum of $20 in it to request a cash out.
The rates of pay are still likely going to work out higher than spending your time filling out online surveys, but it’s not going to be enough to replace your day job, if that’s the ultimate goal.
TranscribeMe tasks are aimed at people with some downtime who want to make a little bit of extra cash with a side hustle. The advantage is you can work whenever you like, so it doesn’t have to conflict with anything else you have to do each day.
What I Like
- You can work whenever you want, day or night
- They pay real money with PayPal
- You don’t need any prior experience
- Anyone with a computer and internet can do this
- The pay rates are higher than survey sites on average
- It’s available worldwide
What I Don’t Like
- It’s still not a very profitable exchange for your valuable time
- Some of the audio files are not that clear and are hard to hear, making the process take longer
- A lack of files to work on when you first join
- The work can be very tedious and boring
- You could spend ages working on a transcription, only to have a reviewer reject it and you make nothing
How Much Does TranscribeMe Cost?
As a transcriptionist you can join the platform free. They pay you for the work you do for them, not the other way around.
Is TranscribeMe a Scam?
There’s no scam going on here at all. For a bit of extra cash on the side this doesn’t look too bad. Just don’t expect to make decent money, or even to have files to work on regularly. For most people it’s probably not something you want to work on for hours at a time anyway.
Possibly the biggest complaint I could uncover about TranscribeMe is to do with the review process. If a reviewer decides your work doesn’t pass muster, they will reject it and you will have earned zilch for your time and effort. Keep this point in mind when considering joining, as there are quite a few complaints out there from people losing their earnings for this reason.
This would definitely be a more profitable gig for someone who is a super fast and accurate typist and has maybe worked in a call centre before. For the average person, the pay rate per hour is going to work out considerably lower; especially when you’re trying to get everything right so it passes review.
Might still be worth a try though and see how it goes. It’ll take a while to get used to the transcription process for the inexperienced, but you will get faster at it with practice.
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