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GoTranscript is an online transcription company offering remote work to freelancers around the world. Here we will review the company’s rates of pay, applicant requirements, and any other relevant information you might need when deciding whether or not this is the best transcription work opportunity for you.
Let’s start this GoTranscript review with the basics:
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GoTranscript Review: What is GoTranscript?
GoTranscript was founded by Peter Trebek in 2005 and is based in the UK. As well as transcription, the company has extensive experience in providing high-quality translation, captioning, and subtitling services to clients all over the world.
To do this, GoTranscript outsources the work to external freelancers. The company has helped clients in transcribing almost 150 million minutes of audio since its inception, so this is definitely a legitimate earning opportunity.
GoTranscript freelancers have access to a job listing page on which clients are able to advertise their available projects. Freelancers can then choose which projects they wish to take on. This gives the freelancer more control and means they are more likely to undertake jobs that they find interesting and engaging.
The jobs vary in length and in their level of difficulty and cover a range of specialties. GoTranscript provides medical, legal, financial, corporate, academic, and general transcription, so it’s likely that there will be a project to suit every typist on here.
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Who Can Find Work With GoTranscript?
GoTranscript hires globally for transcription jobs and all applicants must be 18 years of age or older.
You will need to provide your own computer or laptop and a good-quality, high-speed internet connection. You’ll also need a good set of headphones or a typing headset and GoTranscript recommends that typists use a foot pedal to aid the efficiency and accuracy of their work, but this isn’t necessarily essential (see our recommended transcription equipment here).
To apply to become a GoTranscript freelancer, head to their website and sign up for a new account. Once you’ve done this, you will have access to their transcription guidelines. It’s important that you study these carefully as they will provide important information that will help you out in the testing section of the application. After studying the guide, take the online test. You will need to pass this with an accuracy rating of at least 95%, but you’re free to retake as many times as necessary.
You don’t need any specific qualifications or experience to gain work through GoTranscript.
How Much Does GoTranscript Pay?
The payment rates on offer with GoTranscript vary from job to job. One job may pay significantly more than another; this generally depends on the length of the job and its perceived level of difficulty.
GoTranscript states that on average their freelancers receive $0.60 per audio minute transcribed. This translates to an average of $9.00 per hour worked. This isn’t the highest average payment rate we’ve seen when it comes to transcription jobs, but it’s also by no means the lowest.
The freedom to choose your own jobs with GoTranscript, rather than having them assigned to you also means that you are able to take on the higher paid jobs if you feel you are equipped to do so.
Payments are made via PayPal and are generated on a weekly basis.
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GoTranscript Pros and Cons
After considering the basic information, payment rates and application process of GoTranscript, let’s evaluate the pros and cons and establish whether this looks like a good option when it comes to online transcription work.
1. Reasonable Rates of Pay
The average payment rates offered on GoTranscript are pretty reasonable, although they are liable to fluctuate depending on the specific job. $9 per hour is considerably more than some of the lowest-paying transcription companies and meets minimum wage requirements in most states. For those who want to earn more than this, simply opt for the higher-level jobs listed on GoTranscript.
2. No Specific Entry Requirements
GoTranscript doesn’t ask applicants to provide proof of any prior experience or qualifications, making this a good option for those who are new to transcription and looking to gain some on-the-job experience.
3. Straightforward Application Process
The application process is simple and easy, and applicants are able to repeat the initial test as many times as they wish. The guidelines are also extremely helpful in passing the test and gaining a basic understanding of transcription work and the specific requirements of the work.
4. Weekly Payments
Payments with GoTranscript are made weekly via PayPal. This is especially useful for those using transcription work as an additional supplement to their regular job and provides a nice little weekly boost to your income.
1. Lots of Competition From Other Freelancers
GoTranscript hires freelancers from across the globe, from a number of sectors and backgrounds and with varying levels of experience. This can mean that there is a high level of competition from other skilled freelancers, particularly for the higher-paying jobs listed on the site.
2. Payment Rates May Be Higher Elsewhere
Although the average payment rates with GoTranscript are reasonable, there are definitely other companies out there with higher rates of pay. GoTranscript’s rates are liable to fluctuate and may be considerably lower for some of the more basic, entry-level jobs. This is something to keep in mind.
Please see some of our other reviews:
All in all, GoTranscript is a reputable company offering freelancers legitimate work opportunities with a good amount of flexibility.
The work is varied and there is something to suit all typists, regardless of experience or skill level. The payment rates are reasonable but mediocre, with many companies offering their freelancers significantly more, but many also offering much less.
This is not the best option for those looking for full-time employment but could be a good way of securing a second stream of income and giving your overall earnings a little boost.
Overall, as you’ve seen in this GoTranscript review, this is a good company to work for. That’s especially true if you’re completely new to transcription and are looking to gain some initial experience and don’t mind taking on some lower-paid jobs to get you started on your transcription career path.
Be sure to check out the free transcription mini-course from Transcribe Anywhere if you want to learn more about making money with your typing skills.
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