Business Idea: Start A Transcription Business in 2024
A transcription service converts live or recorded speech into a written or electronic text document. Transcription service is in demand globally across industries.
Becoming a transcriptionist can be a side hustle or a full-time job, so long as you have the right gear.
Do you plan to become a transcriber ? Take an online transcriptionist course and work on your listening skills. To succeed, you need a good typing speed and excellent language command.
Revenue & Profitability
How much do transcription businesses make?
- On average, successful transcription businesses report $1.39M/year in revenue.
- 100% of transcription businesses report being profitable.
Startup Costs
How much does it cost to start a transcription business?
- It can cost as low as $100 to start a transcription business.
- It can cost as high as $500,000 to start a transcription business.
Learn more about the costs of a transcription business.
Examples Of Successful Transcription Businesses
Successful transcription business businesses and case studies
Jakt, a digital product and innovation studio based in NYC, works with both startups and large enterprises, operating on a revenue of $4 million in 2018 with a 20% profit margin, with focus on referrals and channel partnerships to attract and retain clients.
This case study article showcases the success of GMR Transcription, a company that generates over $1 million per year with only three employees, by providing accurate transcription services with pricing transparency and efficient file delivery.
See full list of successful transcription businesses.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
