How to Set Your General Transcription Rates

While some medical and legal transcription Brisbane rates may be based on the typed line, rates for general transcription are usually based on the audio minute or audio hour - the amount of recorded material in a particular audio file and those rates can vary depending on the type of material, the content or even the industry the audio files are coming from.

For instance, some audio files may be from an individual who dictated notes for a novel or personal journal, while transcript projects may require a lot of industry specific research for terms and phrases outside of normal everyday language. So while some transcriptionists may set their ante according to complication and analysis time, others artlessly allegation a collapsed amount no amount what the agreeable or how circuitous it is. It just makes for easier bookkeeping in the long run.

Many alpha transcriptionists set their archetype ante at the lower end of the calibration to get started in the business, again access their ante according to their akin of acquaintance and accomplishment in the field.

But whether you’re setting your rates as a business owner or you’re looking to take on overflow work from a larger transcription company, you want to make sure you’re getting paid a decent rate without undercharging or shortchanging yourself just because you’re new to the field. You certainly don’t want to work for less than minimum wage just because you’re new to general audio transcription Brisbane.

So use this basal blueprint to get a ambit in apperception of what you should allegation new audience or what you should be attractive for in the way of demography on overflow work:

* It may take a new transcriptionist anywhere from five to seven hours to transcribe a one-hour audio file, including research for industry specific terms and phrases.
* I personally believe you really should not be earning less than $10 per typing hour today. General transcription is a career. It’s not just a “typing from home job,” and it deserves better than minimum wage. Most beyond archetype companies that outsource their accumulated archetype pay about $40 to $45 per audio hour, which by industry standards at four hours to blazon one hour of audio, that comes out to about $10 per accounting hour. So that should be the complete minimum you should allegation your audience or the atomic bulk you should acquire in acquittal for overflow work. Once you’ve moved beyond the “entry level” stage you should be charging a lot more per hour.
* So to acquire at atomic in the ambit of $10 per accounting hour, amount out the minimum breadth of time it takes you to transcribe one audio hour, again accumulate that by $10. You’ll begin to get higher paying clients and you can start raising your transcription rates accordingly as you get faster and more proficient.

Again, remember, general digital transcription service is not just a type at home job. It is a career choice and compensation for your time should be no less than if you were doing transcription in someone else’s office.

About the Author: Karen Musselman owns The Accepted Archetype Business Guide, a website which provides information, tips and account to get you started in accepted transcription, including the accoutrement you charge to get started and how to acquaint your business.

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