Most transcription work pays per audio minute. You are not paid by the hour.

When a company hires you, you are brought on board as an Independent Contractor (IC). What does this mean?

There is no guarantee of work on any given day. You are hired project to project when they are available.

You are responsible for the cost of your own equipment.

You are responsible for paying your own taxes. (Note: If you make less than $600 with any company, you do not need to report this income on your tax return.)

All transcription companies will have their slow periods and their busy periods. During slow periods, unfortunately, seniority rules as with any company, so this may mean little to no work for some.

As an IC, you do not need to commit yourself to only one transcription company. Which is an awesome deal! It will give you a variety of assignments with sustainable work.

Most transcribers start with one transcription company, learn their formats and guidelines and acclimate themselves to the company until they are comfortable. They learn about the companies' busy and slow times, and then they will apply to other companies one at a time and learn their process.

Eventually, you will have a portfolio of companies to work with, sustaining a healthy paycheck each week.

We never put all our eggs in one basket!!!

An excellent transcriber can make anywhere from $250- $950 per week. It all depends on you and your willingness to take on projects. It takes time and patience, but it is possible. Remember, you are building a lasting income. Short-term sacrifices, long-term profit.