Before you start looking for a legitimate transcription company, you should invest first on good quality headphones, foot pedals, and a working laptop. You may receive your first ever transcription project in the Philippines from GoTranscript. And the best part is that you can work as an audio transcriptionist at home as long as you have a high-speed internet around.
Is GoTranscript a Legit Company?
Founded by Parker Corporation LP. in 2005, GoTranscript is a popular transcription company that offers high quality transcription services to international clients. GoTranscript, with its main office located at 39 Duke Street, Edinburgh EH6 8HH, United Kingdom, is also an accessible job marketplace for aspiring individuals who wish to pursue a transcription career and get paid for converting audio files into written text. This online enterprise hires new and experienced transcribers from across the globe to work on various degrees of transcription jobs.
GoTranscript’s Application Process
Before becoming a transcriber for GoTranscript, you need to register a free account first. Once you pass the application process, you may start claiming projects directly from the platform.
You will get paid for every completed task, which will be approved by the moderators of GoTranscript while clients will rate your performance for each submission. Your unpaid work or balance amount will continuously reflect on your profile until you get paid through PayPal or Payoneer. If you wish to apply as an editor or keep your GoTranscript account active, you need to maintain at least a 4.5/5 star rating.
GoTranscript will require you to pass an assessment test before you can gain access to the list of ongoing transcription jobs. Download the application guidelines prior to the test, and you will be instructed to transcribe a three-minute test video. If you pass the test, you will be required to create a client account using the same email you use on the free account.
GoTranscript will respond to your application after two weeks, and you will receive email instructions on how to start transcribing audio and video sources. If you fail to pass the test, you may apply again.
GoTranscript allows transcribers to select the kind of job they want. Before you select the job, carefully listen to the quality of the audio source by clicking the video icon located at the end of the job post. Just click on the “Make My Job” tab if you think that you can work on it.
You may download the file using your own transcribing tool, for instance, ExpressScribe or InqScribe. But if you prefer to work over the files online, GoTranscript has its own built-in transcribing tool, which you may consider.
Should you need a little more time to complete, just click on the “Extend Time” icon, and you will be given additional time, particularly if your typing speed is only 40 words per minute. The online platform may also allow you to access the closed captions from YouTube sources if you ever encounter hard-to-decipher dialogues. You will be automatically notified through email whenever new transcription projects are uploaded, so it’s always best to check your emails more often.
The amount you can earn will depend on how many jobs you can accomplish every week, and there’s no minimum threshold that you need to complete to receive payouts. According to GoTranscript, transcribers can earn as much as $1215.00 per month, and editors can go up as high as $1,500.00 per month. They are paid $0.60 per audio or video minute.
However, you are only paid after your transcripts have been checked and approved, requiring you to wait for few days. Go to the STATS page for the payment request. Weekly payouts are sent through PayPal or Payoneer every Friday.
GoTranscript Pros and Cons
GoTranscript often uploads fresh videos and audio tracks to transcribe. And your total output for each week is calculated based on the number of audio minutes you have completed.
You may access the final edited transcript prepared by the editors. This may help you improve your transcribing efficiency since you can directly compare your own document with the finished product, thus helping you identify your mistakes. To do this, retrieve the edited work under the “Finish Job” tab.
Now, if you are able to maintain a 4.5-star rating, you may apply to become an editor and get the chance to earn more, but you will need to pass the exam for editors first. Aside from the star rating, you also need to accomplish at least 15 transcription projects before you can qualify for the editor position.
As an additional income, GoTranscript has implemented an incentive system for the top performers each month. The bonus amount ranges from $1.00 to $10.00 for transcribers, while editors can receive $2.00 to $20.00 every month.
Similar to other transcription providers, your account can be deactivated if you keep on submitting poorly-made transcriptions, regardless if you still have money in your account. Three consecutive returned submissions that have been rated 3.5 and below will not be paid. That’s why only select sources that you can work on faster and more conveniently.
In summary, the pros and cons of working for GoTranscript are as follows:
- Accepts applicants from different parts of the globe
- Provides a regular stream of workload for beginners and experienced transcribers
- Requires no special transcribing tools, only a good pair of headphones and a working computer
- Simple three-minute transcribing test
- GoTranscript will deactivate your account if you remain inactive for so long.
- Random poor quality audio and video sources
- Work environment is highly competitive.
- Sometimes, there’s no available job on the platform.
- Not recommended as a regular source of income or a substitute for a day job
A transcription job is not as exciting as other online job opportunities you may find on the internet. But this typing job can absolutely provide the income support you need to complement your current monthly wage.
Owner at Be Visible Media
Dale Basilla is a content writer for various niches, SEO (Off-page & On-Page), and lives in a location where there are lots of beaches in the Philippines. He loves to watch anime, TV series (mystery and solving crimes), and movies. In his spare time, he plays chess, plays the guitar, and spend time with his ever busy girlfriend.