TranscribeMe Review (Is This Just Another Scam?) (2020)
Hello! Welcome to my TranscribeMe Review!
The internet is full of online opportunities wherein you can earn money online and at home, thanks to the innovation of technology.
Moreover, some people even work full-time online, and that includes me! One of the gigs available online is transcription. We will be tackling what this is in this TranscribeMe review.
On that note, there are a lot of companies that offer this work. Some are legit while others are scams. In this review, we will be focusing on TranscribeMe! Is it a scam? Or is it legit?
Find out all of the answers here! Without any further ado, let's get started.
TranscribeMe Review Quick Summary
Founder: Greg Feerer
CEO: Alexi Dunayev
Type: Transcription services
Recommended? No because it is not enough to be a source of full-time income
What is Transcription?
Before we jump into the TranscribeMe Review, let's get to know the concept behind it first, which is transcription. What is it?
So basically, if you are a transcriber, all of have to do is to listen or even watch a video. Then you type every word into an electronic text document file on your computer.
In every transcription company, each one has rules that a transcriber must follow. An example is to provide the time stamp of each sentence. These rules may vary, including the format.
To be honest, it sounds easy. However, it is more challenging. Trust me. I tried it before.
You don't just simply type a word that you hear. You must make sure that it is correct. Moreover, your work must possess the correct grammar, context and pronunciation.
Also, expect that there will be parts that are inaudible! And you just can't try to guess them.
In fact, companies will only pay you once they are satisfied and if your work is accurate.
Although online transcription jobs are great, most of them will not pay you enough to have a full-time source of income!
But with this program, you can earn a 4-figure monthly income just like I do!
Check it out!
What is TranscribeMe?
One of the companies out there that offer transcription services is TranscribeMe! The founder, Greg Feerer and the current CEO, Alexi Dunayev, both started it in the year 2011.
Transcribe Me is a crowd sourcing transcription website. Over the years, it has been offering transcription services to businesses and companies.
Not just that, it has been serving a lot of people by giving them the opportunity to work for them at home and online! On that note, we will be focusing on working for TranscribeMe in this review, not the services of the company.
However, here are some of the services it offers.
How does TranscribeMe work?
Once you are accepted to work (we will discuss how you can join in the next section), you can start receiving audio files.
First things first, clients provide their files to TranscribeMe. Usually, these files are hours long. But you will not be working like this.
Once TranscribeMe has the file, they will run it through a speech recognition software. This is important for quality assurance later on.
Afterwards, the file will be cut into smaller ones. Then each piece will be ready to be transcribed. They may be 30 seconds long or more.
When you have the file, you can simply start making a transcript! Listen carefully and make sure your work is accurate.
Then you can submit your work when you are done. TranscribeMe will compare it with the result from the speech recognition software. If it is accurate enough, you will be paid.
Take note, TranscribeMe has a minimum quality requirement that your work must meet, which is 98%. That means, your overall error should only be 2%. If not, you won't get paid.
How to join TranscribeMe
The sign up process of becoming a transcriber for TranscribeMe is pretty straightforward.
First, you need to fill up a form. There, you have to provide some personal information such as your name, email address, password and even the languages you can speak.
Moreover, you can provide any prior experiences you have regarding transcription. The process doesn't end there yet.
In order for TranscribeMe to ensure that their transcribers are really qualified, applicants must undergo tests. One is the grammar test and the other one is a transcription test.
Your skills and proficiency will be assessed. Afterwards, you have to wait for 12 business days. If you are accepted, TranscribeMe will contact you!
Stop wasting your time on low-paying online jobs and start working on the real deal!
You can do it with this program! I earn a 4-digit monthly income with it!
Things you need to have
Apart from the sign up process and tests, there are other things that you need to have.
Unlike other companies out there that need prior experiences and a specific set of hardware and software requirements, TranscribeMe only requires you to have a computer or laptop, headphones and a stable internet connection.
Moreover, you must have a Paypal account because this sis where you will receive your payment.
How much can you earn working here?
Now let's discuss how much you will earn since this topic is an important factor to consider when applying for online jobs.
According to TranscribeMe, transcribers can earn around $20 to $22 per hour. However, take note that the files you will be working on are short ones that are around one minute. That means you will be earning $0.33 per minute or more.
If you transcribe medical and legal files, you will be earning higher. However, these files are more difficult and may require knowledge in the field.
Things I like about it
#1 BBB Rating
Whenever I review businesses and companies, I always check their BBB profile to have a better view on whether they are scams or legit.
Luckily, I checked TranscribeMe and it garnered an A+ rating which is good. So rest assured that it is legit and won't scam you.
You don't have to pay for any membership fees when you will sign up for TranscribeMe.
Moreover, there are no hidden fees or anything. So you are guaranteed that you will make money, not give out money.
#3 Pays in cash
It is actually quite a relief knowing that TranscribeMe pays in cash. Scams out there do not even pay you with anything.
And there are others that pay in points which you can redeem for gift wards and other rewards that are not cash.
But still, after knowing the pay rate, I don't think it is that worth it to be a full-time source of income, unlike affiliate marketing.
#4 The files are short
Being someone who experienced in transcription jobs, working with long files is very challenging.
Fortunately, TranscribeMe offers the files in shorter versions. So basically, it will not be challenging. Furthermore, you can quickly finish and move onto the next ones.
#5 No required work hours
There are no required hours for you to work. So you are free to decide when you can work and how many hours you will work. It will entirely depend on you.
However, there is one thing you should know. You will only be paid once you reach a total of 1 hour worth of file duration.
But once you get used to working, this will be accomplished easily.
#6 Anyone can join
The last thing I like about TranscribeMe is how ANYONE can join. You don't have to live in a specific country to sign up.
Other companies only hire people who in the United States or any specified country.
However, you better make sure that your country supports Paypal or else, you will not be paid.
Things I don't like about it
#1 Difficult job
The first thing I don't like about TranscribeMe is the whole concept about it which is transcription.
It is not as easy as listening to the files then typing what you hear. You really have to be accurate and apply correct grammar, spelling, pronunciation etc.
Moreover, there will be parts that are inaudible or hard to understand. So you will be working hours and listening to one section of the file again and again just to get the right word or sentence.
And yes, you will be going through all of this, and the pay rate is not even enough for a job this challenging.
#2 There is no guarantee that you can get work
You see, the thing is, the number of files depend on the clients. If TranscribeMe has no or just a few clients, obviously, you will not be guaranteed to have files to work on.
Meaning, you will be waiting and waste your time. There is no assurance that you can get a file to work on day by day.
Is TranscribeMe a scam?
Now to conclude this TranscribeMe Review, it is time for the final verdict. Is TranscribeMe a scam?
Well, you already saw it for yourself above! TranscribeMe is a legit website that offers transcription services and job opportunities. Moreover, it does pay in cash.
The only concern I have for it is the pay rate. If you are someone looking for a source of full-time income, I do not recommend you this. The job is a bit difficult and will only pay you a small amount of money.
However, if you want to know one, then read the next section!
Thank you so much for reading my TranscribeMe Review! If you have any questions or comments, please feel free to leave them below!
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