Translation and Transcription Business
What are the difference between translation and transcription?
Transcription is the process of listening to the audio file and writing what has been said down verbatim in the same language that the original speakers used. While translation is the process of taking that written text and translating it into another language.
Why is this considered as a good business to start with?
Transcription is mostly used in fields like healthcare, law, media, and NGOs. They need to convert the recorded meetings, and discussions in to text files. Through this, they can use those to post in there sites or blog to have a creative promotion. Commonly, businesses grow wide to the point that their business partners came from the different country. As expected, they will speak using their own language even though they know how to speak in English. Because business ventures are happening without a certain number of times, audios are too many. Added the fact that the duration of every meetings are not that short of course. Also, transcription and translation are mostly needed in many interviews. They need to convert the audios in to text to put them in to magazines. At this point in time, it will be great if you will start this kind of business.
To start with, you should know typing qualifications. Of course, your client will demand a deadline for an audio that you are going to transcribe. If you are not that fast in typing, you can hire someone who has the typing speed of at least 60 words per minute. But you must consider the accuracy of the word that the applicant will transcribe. Then, you must consider also the necessary equipment and software. Many people are thinking that this business don’t need a lot of investment. Well, they got it all wrong. There are some things that you need to buy for your business become more reliable and for you to gain more clients. After that, you should decide if you want to specialize in a specific field. It is very well if you will offer general transcription. But is it not great if you will first focus in one field and be the best in that? In this case, you will enhance more the accuracy of your service.
Note that you can do this business on your own or you can put up a platform that offers transcription. From there, you can hire freelance transcriptionist and find clients at the same time. In this way, you will reach wider network.
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