Make Money Online With GoTranscript
GoTranscript is a suitable site to earn extra money provided you are a good transcriptionist. Accuracy is a must if you want to monetize this site, so I recommend joining this site only if you are confident in your transcription skills.
Are you looking to earn some extra money? If so, there is a website called GoTranscript that claims that you can make money by copying audio files.
What is GoTranscript and what does it offer?
GoTranscript is a website that provides transcription services to its customers. To make a profit from it, you have to become one of their copycats.
To determine if this is the right opportunity for you, the first step is to understand how the site works. And to do that, we need to look at the income opportunities it offers, so that you can appreciate the time and effort it takes to make money from this site.
The earning opportunity
– Transcription project
The only way to monetize GoTranscript is to support clone projects. Once you are accepted as a GoTranscript clone, you can log in to the members dashboard and search for a project to work on.
Now, be aware that GoTranscript has certain guidelines that you should follow when transcribing audio files. They are very strict with this, so studying and following the instructions is a must. They will be notified to you when you register.
Each project will indicate the duration of the audio file and how much you will earn for copying it. Note that you will be paid per minute of audio, not for the time it takes to complete the transcription.
How do you get paid?
Every time you complete a project, you will be paid a certain amount. As explained above, you will be paid for every minute of audio, not for the time it takes you to complete a project.
GoTranscript will then send your earnings for the whole week to your PayPal or Payoneer account (depending on the option you choose) every Friday. You don’t have to win a certain amount to get your winnings.
GoTranscript will automatically transfer your earnings using the payment method you choose. Overall, GoTranscript’s payment system is quite simple. I like that it offers convenient payment methods like PayPal or Payoneer.
How much money can you earn?
GoTranscript claims you can get paid up to $0.6 for every minute of audio you transcribe. In my opinion, this is not a bad ratio. But you have to keep in mind that how much money you can earn on this site will depend on how often you can complete projects.
This is where your ratings as a transcriber come in. GoTranscript has five ratings (1, 2, 3, 4 and 5). As in the image above, the lowest you can get is 1 (when your accuracy is 83% or less). That’s a very high percentage, in my opinion.
Can we use it on mobile?
GoTranscript has a mobile app, but it’s only for their customers, not copyists. So, as a transcriptionist, you will have to use a laptop or desktop computer to do the necessary work conveniently. Of course, you can still use your mobile device to copy files, but that would be very inefficient and inconvenient in my opinion. The only time you need to access the site from a mobile device is when you want to request a project.
Who can join GoTranscript?
GoTranscript is available worldwide.
Pros And Cons
- Offers payment via PayPal
- Processes payments automatically
- Available worldwide
- Offers decent rate
- Very lengthy application process