Home-based transcription allows you to work from the comfort of your home and make a good living without any special education or experience. Even though like in any other real job, it will take you practice with the study to gain efficiency, a transcription career is very rewarding due to the pay and flexibility it offers.
To put it in simply, transcription is converting live audio or its recorded version into an electronic document. The myriad forms of audio could be a lecture, interviews, a podcast or a webinar, etc. General transcription, as the name implies, is a type of transcription that requires the conversion of audios under any genre, including webinars, business recordings, interviews, and telephone conversations, just to name a few. This kind of transcription does not require specific knowledge on any subject.
A good command over English grammar and punctuation is a must for one to become a transcriber. If you can discern properly between the US and UK English, that's an added advantage.
Once you begin transcription work, you will realize that the audios differ in terms of quality, accent, speed, etc. If you are a keen listener, you have a better chance of getting the words right.
You could encounter audios with non-English words, or a word that you may never have heard before. It would require research on Google to discern words that could be names of towns, people or other things that are not clear in the audio. This would enhance the acceptability of the work you submit.
Sometimes, transcribing a single file could produce several hundred, or perhaps thousands of words. It goes without saying then, that you need a good typing speed to perform better at work.
An experienced transcriptionist is generally able to transcribe one hour of audio in about three hours, while a newer transcriptionist may take even more time: it translates to $25 per audio hour, making it really not worth your time. A respectable pay would be somewhere in the range of $50 to $60 per audio hour.
To search for your preferred transcription job, you can look up the various job boards on the web, where recruiters/employers regularly post their job requirements. For example, TCI has its own job board where you can find job postings from employers who are head-hunting globally. For further details, visit the TCI Job Board.