To earn extra income has become increasingly important in recent years, with the change of the world economy and uncertainty. People seek to invest in markets that can generate earn extra income and support them in any eventuality. It is a guarantee for their future and desire to progress for a better quality of life. By doing data transcription you can achieve this.
If you have a regular job and are looking for an extra source of income, we want to show you an ideal alternative for you to get money from home easily and without too much effort. We’ll show you how to do it!
- What is data transcription?
- What skills do you need?
- How to become a data transcriber?
- Schedule organization
- Earning expectations
What is data transcription?
The extra work of transcribing data is quite simple. In essence, it consists of the transfer of digital data from one place to another, this can include the inventory of a virtual store, patient medical records, or any other relevant information that requires transcription to a new database or to a specialized system.
Data transcription usually is performed using digital tools such as Google Docs, Google Sheets or private companies’ systems in the medical or commercial sector.
What skills do you need?
The best thing about the data transcription job is that you will not need any special skills or certification to carry it out, you will simply need to know how to type on a computer keyboard or laptop, since it consists of simply transferring data from one place to another or rewriting it in a new document.
However, this work requires an important attention level , since if there is any failure in the entry of information it can cause problems for the company that requested the data transcription. So, when doing the transcription work you should make sure you are as alert as possible so as not to make mistakes.
Although you do not need any special skills to be able to exercise this job as a data transcriber, it is very valuable if you have some type of experience in the field in which you are going to work , for example, if you have worked in the health sector before and you apply as a transcriber of patient databases and their pathologies, this will be very helpful and will make you stand out among the other applicants.
How to become a data transcriber?
To start working as an online data transcriber, the first thing you need to do is create a profile on any of the online job platforms , such as Fiverr, Upwork or Freelancer, here you can add the previous experience you have in your profile, as well as other skills you have in different fields, which will give you greater credibility or make you more suitable for one job or another.
Once you have created your profile with everything you need, you will be able to add your charge rate per hour of work, on average transcribers charge from $3 to $11 per hour of work, although everything depends, since most transcription projects pay per word transcribed.
Now that everything is ready, you can start exploring the platform in search of transcription projects that suit your needs, both your level of experience and the time you have to fulfill the project. Employers will then choose your profile and hire you to carry out the project. Keep in mind that the data transcription field is in high demand and at the same time there are a lot of transcriber out there, so it may take time for you to be chosen to complete a project.
Schedule organization
A positive aspect about working as a data transcriber is that you can combine it seamlessly with your regular job, as it is a job where you usually pay per word transcribed, no matter how much time you spend , if you transcribe enough words to get the profit you want.
This means that if you know your writing pace and you know that you can do it fast enough, if you dedicate between 3 to 4 hours of your time each afternoon after completing your regular workday, you can generate enough extra income and invest it as you wish.
Either way, remember that resting is always important, so be sure to include it in your schedule organization, so you can focus and share quality time with your friends and family.
Earning expectations
The profit you can make as an online data transcriber depends on how many words or hours you do, but on average transcribers typically earn between $500 and $1,500 per month. This amount is quite impressive if we consider that it is an extra job that you can do in your spare time and from the comfort of your home.
Over time, if you know how to save and manage your extra income as a data transcriber then you will have the opportunity to satisfy a few whims per month, and at the same time start investing in markets with low minimum starting amounts, this can generate passive income if you continue to feed your investments. It will undoubtedly give you a better quality of life in the future!
Do you already know how to earn extra money as a data transcriber?
We’re excited to provide you with the information you need to start earning extra income. If you are looking for other alternatives of extra work that you can do in your spare time and get a good remuneration, here we show you some.
If you are interested in investments and want to learn how to invest your savings to generate passive income, click here.