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Recently a long time friend of mine created a report on starting your own Transcription business from home. Loretta Oliver and I have known each other since 2002 and in that time she has always been working from home. Her Transcription Crash Course ebook tells you how you can start what has been her most successful business venture to date.
I got to review her ebook and I am very impressed. This seventeen page report is packed full of information that will have you up and running in no time. She walks you through the necessary items that you will need for this business and most of them are either things you already have or are free to obtain. She also shares her best practices on how to use these items in order to make transcription of audio and videos easier.
Page 9 offers a great way for you to practice making your first transcript and a way to check it as well. This is invaluable to see if transcription is something that you want to do before you hang your shingle and take on clients. She has a guide for deciding what to charge and how to find clients with specific places to look.
I had the chance to interview Loretta more about her Transcription Crash Course and how she integrates a transcription business into her life.
1) How did you get started in Transcription?
— At first it was sort of by accident. I was doing document coding and someone asked me to take some of their overflow transcription work. That one piece of overflow led to more overflow, which led to a bigger company sending me insurance interview overflow on a regular basis. I did that as a second income part time gig for a few years before I started taking on more transcription work.
2) What is your best source for finding new clients?
— Twitter. Without a doubt for the past year I’ve met more clients on Twitter than anywhere else. The funny thing is we’ll just be talking about something else, sometimes something completely random and suddenly they’ll say, “Oh, you do transcription. I have XYZ that I really want transcribed. Can you do that?” Of course I can do that!
3) Who is a transcription career perfect for?
— I would say that it might be for the person who is torn between wanting to work for someone else and wanting to work for themselves. Transcription can be both of those. It’s flexible that way. You can work for a bigger company, a law office, an insurance agent, yourself, or any number of other options.
4) How long did it take for you to feel like you really knew what you were doing?
— The first three years or so I was just taking the overflow insurance files part time, I’d do a few pieces a week for them and those were verbatim. I think I finally started getting confidence in my transcription work when I started to take on other types of projects in the cleaned up format that most of us are used to seeing. Doing all verbatim work all the time can make even the most perfect transcriptionist doubt themselves at any moment. I hardly do verbatim files these days, but when I do I always get it triple proofread.
5) Tell us a little bit about yourself and your family. How do you work around your kids? Any tips you would like to share?
— Well, I’m 31, married, and we have four boys (ages 12, 11, 10, and 9 — my oldest has a birthday coming up in two weeks actually and he’ll be 13) I quit my comfy management office job back in 2001 to try working from home. It took me awhile to get my footing, but eventually I found some great people and we found our way on the net together. (Remember our Wednesday night chats at Wahm.com when there was a chatroom?)
It was tough to work around the kids when they were smaller, but I did a lot when they were sleeping. Now that they’re all in school I just split my work time between while they are at school and then after they head off to bed at night. It works out pretty good for the most part. I love having the flexibility to take a day off and just hang out with the boys if I want to, or to watch movies with them all day when they’re sick, it’s a nice job perk.
If you have been looking for a legitimate business that you can start from home with little set up costs, then I highly recommend that you check out Transcription Crash Course. It is a small investment that could have you on the way to a very profitable work at home business.