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Daily Transcription Review: $0.75+ per Minute?

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Daily Transcription is said to be the leading brand in the world of transcription, serving clients for more than 15 years.  In other words, it’s yet another company that’s hiring transcriptionists who want to work from home.

If you love the idea of typing at home and working whenever you please, then Daily Transcription may be a job to consider.  It’s one I mentioned in my favorite 100+ transcription companies, but I wanted to dig deeper and give you a better idea as to how they work.

In today’s Daily Transcription review, I’m going to discuss the pay, how the job works as well as how you can apply.  As in all of my reviews, I’m always 100% honest, only promoting what I feel is worth your time.

Let’s begin!

Daily Transcription Review

What is Daily Transcription?

Daily Transcription focuses primarily on the TV and film industry, providing both transcription and translation services.  They have been in business for more than 10+ years now, transcribing millions of minutes for many Fortune 500 companies you have heard of.   According to the company, what sets them above the rest is that they are flexible with their client’s needs, customizing any job that comes their way.  Using state-of-the-art technology, the company guarantees transcription and translation work with a 99% accuracy rate or better.  All work is done via humans with no A.I. technology involved.

Most of the work you will deal with includes interviews, dialogues, TV interviews and even some legal files scattered in.

There’s no doubt that Daily Transcription is a legitimate company.  They have a physical address, a phone number you can call as well as a professional-looking website packed filled with information you would find with any corporate-related site.  There’s nothing that I see, at least for now, that raises red flags.



Working with Daily Transcription

If you’re interested in working with Daily Transcription, they do have three main jobs options available:

  • Transcriptionist
  • Captioner
  • Bilingual Spanish Transcriptionist

No matter which job you apply to, they are all flexible, meaning you can create your own schedule.  Seeing you’re an independent contractor, you can work where and whenever you want.  The company notes that it’s great for a stay-at-home parent, student, part-time worker or anyone looking to supplement their income.

To get started with the company, they do ask that you meet certain requirements and pass a Skills Assessment Test to be considered.

If you do get hired, you will be assigned work based on the amount of time you sign up via the scheduler.  Whenever you’re ready to type, you will receive a notification with the files ready for transcribing.  It’s then your job to transcribe the assignment and submit it within the deadline.

And, don’t worry.  Before you get hired, the company provides all of the training necessary to succeed, from training videos to style guides, in order to succeed.  You can even attempt practice jobs to receive feedback to ensure you’re completing the job as you should.  It’s important that you read through the Style Guides so that you don’t receive negative feedback on future work.

Requirements

If you’re interested in becoming a transcriptionist, the company asks that you’re at least 18 years old and reside in the United States, Canada, United Kingdom or Australia.  You must meet this criteria to be considered or else your transcription test will be rejected.

If you’re interested in a captioner position, you must meet the following requirements mentioned prior and you must have experience with both subtitles/captions as well as software commonly affiliated with the industry.  Before starting this position, you will have to sign an NDA.  If you don’t have experience with subtitling, again, the company will not consider your application.

Lastly, if you have an interest in the bilingual transcriptionist position, then, of course, you must be bilingual in Spanish and able to convert documents from one language to the next.

Aside from the requirements mentioned, it’s also best you…

  • type 50+ words per minute
  • have great listening and communication skills
  • a strong master of English language
  • can meet deadlines
  • read, understand and follow instructions from a Style Guide
  • have a dependable computer, solid internet connection and transcription software such as Express Scribe (free to download) and Microsoft Word
  • consider purchasing headphones and foot pedal

The entry barrier to get in isn’t high.  In fact, it’s one of the most lax requirements I have seen in my research.  You will have to pass a transcription test, which will involve transcribing a sample audio clip.  They do recommend you type at least 50 words per minute to succeed.

Applying

If you meet the requirements, that’s great.  You can then proceed to the application page, which you can find on this page.  Just click on one of the three jobs you’re interested in and then proceed to fill out the simple application form.

During the application process, it will ask for your basic personal information as well as your resume.  Make sure you have it polished because you will need to upload it.

Once you submit this application, they will automatically send you an email discussing the testing information to be considered.  You must pass these two tests in order to be considered, one being a skills assessment test and the other being an actual transcription test.  This is standard practice for almost any legitimate online transcription company.

Daily Transcription Pay

According to the company’s main website, it appears the standard rates start at $0.75 per audio minute, with the top transcriptionists making anywhere from $250 to $950 per week.  The pay rate will greatly depend on the job, according to previous workers.  One worker said he was paid $1 per minute for a 2-person interview, while a four-person interview, which was much harder than the two-person option, paid him $0.80 per minute.  There seems to be no reason as to how the pay rate is dictated.

How much you make will greatly depend on how much you work, as you will be paid per the minute transcribed.  Remember, you won’t get paid per minute; rather, you will get paid once you transcribe one minute’s worth of audio.  Seeing it takes about four to five minutes, depending on your typing speed, to type one minute, you can expect to earn about $15 per hour before taxes.

As an independent contractor, you will be responsible for your taxes, as this company will not take them out of your check.  Consult with a professional for tax advice.

Reviews Online

So, what are people saying about Daily Transcription?

About 9 people on Indeed gave the company a 3.4/5, saying they loved the flexibility, the ability to learn new things and a supportive staff.  On the negative side, however, many complained about the lack of work, horrible audio quality (this is true with any company) and the long audio files, which leads to less than minimum wage.  Indeed seemed to be a mixed bag of reviews.

32 past and present freelancers gave the company a similar score to that of Indeed at a 3.4/5.  Most of the same things were said as well.  Reviewers loved being an independent contract, communication with staff and interesting work.  However, cons included learning multiple formats, difficult audio and the time it took to learn the ropes.

In a summary, here are a few pros and cons to consider:

The Pros

  • flexible schedule
  • decent pay
  • supportive staff with quick communication
  • bonuses available for rush work
  • work is always changing
  • quality control team helps you improve

The Cons

  • slow season with little work
  • lots of clients with varying formats to learn
  • difficult audio
  • most files require 24-hour turnaround

Final Thoughts

8/10Daily Transcription is, indeed, legit, and I feel it’s one to consider, seeing they start at $0.75 per audio minute.  This is a great rate for online transcription work, especially for those who are entering the industry for the first time.

You get to work whenever you want, the staff seems supportive and the work is in an interesting industry.  The biggest downfall that I can find is that you may not find a lot of work.  Nonetheless, I feel you can make a few hundred working part time, however.

In the end, give them a try.  If you’re accepted, hop on whenever you please and start working to make some cash.  If you don’t like it, that’s the great thing about this work.  You can quit whenever you please.

That’s going to wrap it up.

As always, if you want to add to what I have written, you’re more than welcome to do so in the comments below.

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Tom Nathaniel

Hi! My name is Tom Nathaniel, and I created LushDollar to help share my honest thoughts on everything money. It's the Internet's most honest money site after all. I have worked in the finance industry since 2006, consulting with multiple Fortune 5000 companies.

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