You've probably seen the ads offering information on how you can become your own boss by starting your own transcription business. And it sounds like a great idea, right? Doctors, insurance companies, and others all need transcription. All you need to do is go out and offer your services.
Before you buy into the hoopla, take a moment to consider what is required to run a successful transcription business.
To start with, you will need access to certain equipment. Namely, a computer with a word processor that will allow you to transcribe to a digital file and print or deliver the digital file to your client.
Your clients are likely to provide you with recordings in various formats. Many people today use digital recorders. But many also still use old-school magnetic tape recordings. You'll need to be setup to playback both types, or convert one type into another to suit your needs.
So you'll need the ability to playback recordings. Whether that's a tape player or digital player, you'll also want the ability to quickly and easily stop, rewind, and replay recordings. Since your hands are busy typing, most transcriptionists use a foot pedal to control playback.
Next, you'll need to build your clientele. This entails hitting the road and contacting businesses. It also means being persistent and having a thick skin. You will certainly be turned down often, as well as be asked very tough questions such as, "Why should I leave my current transcription company for you?"
There are many transcription companies already out there, and all your potential clients that need transcription work done are already going to be with one of them. You're going to need to convince them to leave who they've been with to go with you.
Finding work is going to be the toughest part. You'll also want to do research to find out what rates you should charge, and be willing to negotiate with potential clients. Great negotiation skills are a must, as is a great personality.
And finally, you're going to need the skills. The faster you can type accurately, the more money you'll be able to make each day... assuming you have enough work to keep you busy.
It's a lot of work, but can be well worth if you're up for the challenge. If not, you can always apply to be a transcriptionist with one of the large transcription companies. Most will hire you as an independent contractor and allow you to work from home transcribing recordings from a variety of clients.
Author Resource:-
Oracle Transcription (http://oracleti.com) offers quick and accurate medical transcription services. Art Gib is a freelance writer.
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