With the Covid restrictions easing, more people are looking for ways to earn money from home. We looked into how to become a transcriptionist and what skills you’ll need to make the most of this emerging job market.
The Rise In Demand For Transcription Services
With more people working from home, there has been a rise in the demand for transcription services. Businesses are now realizing the importance of getting accurate audio recordings of meetings and presentations, and want someone to listen to them and type out what they hear.
According to Pricewaterpro.com, the transcription market will grow 23% year from 2020 to 2025, reaching £16/hr just on a basic level and £25/hr with experience.
Businesses are looking for skilled and talented individuals to help them with their transcription needs. Since most people are working from home, they can take advantage of this by offering remote transcription services. And with the right training, anyone can become a productive transcriptionist. Let’s look at what you need to start making money online as a transcriptionist.
The 3 Steps To Creating Wealth
If you’re looking to create wealth, you should follow the steps outlined below. They can help get you there as quickly as possible.
1. Identify An Appropriate Niche
The first step is to find an appropriate niche. What do I mean by this? Think about what you know and what you can do. If you’re good with words and understand what others are saying, you could become an effective transcriptionist. However, if you’re a talented photographer, you could document meetings and presentations for businesses who want to keep everything on record. Your niche is whatever you decide it is, but it should be something you’re passionate about.
It’s important to keep in mind that choosing a niche does not mean that you have to limit yourself to this one field. As long as you can find a way to provide value to others, you can create wealth through a digital nomad lifestyle.
For example, say you are a professional speaker who specializes in sales, you could look into becoming a sales transcriptionist. You’ll need to have good earphones and a microphone to do this job well. You could also consider training to become a medical transcriptionist, since this is a niche that is definitely in demand.
Whatever your niche is, make sure that you’re passionate about it and that you can find the work-life balance that comes with this line of work. If you can’t, then it’s probably not the right choice for you. Keep your eyes open for new opportunities and don’t be afraid to try out new things. Innovating and being flexible are the keys to creating wealth.
2. Build A Portfolio
Once you’ve found your niche, the next step is to build a portfolio. This is simply a collection of previous work that you can use to show potential clients. You don’t need to have a huge collection of documents to start with, but you should have enough so that you can showcase your work to the greatest extent possible. You can also use this portfolio to apply for jobs in the future.
It’s important to look for any opportunity that comes your way. Even if you don’t feel that you’re qualified for the job, you should apply. Chances are, there is someone out there who is looking for your specific talents, and it’s your job to find them. As for the portfolio, don’t just put any old work into it. Choose work that you’re most proud of. If you’re not too sure about your writing skills, then choose a piece that you wrote years ago and had some success with.
3. Use Linked-In To Build A Network
Last but not least, we have linked-in. Linked-in is a business network that was designed for employers to find talented people for open positions. If you’re looking to make money online, then linked-in is a site where you can do this.
When connecting with potential employers through linked-in, you should go for either the job seeker or business profiles. The former is for individuals who are actively looking for work, while the latter is for businesses who are looking to hire.