With GoTranscript, you can start making money online as a transcriber even if you have no prior expertise.
If you’re wondering, “Is GoTranscript legit?” read on for an in-depth analysis of the company’s job opportunities and potential earnings.
This GoTranscript Review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.
Table of Contents
Pros: What I Liked
- International hiring
- Simple application process
- Ability to choose your project
Cons: What I Didn't Like
- Low pay
- Transcription can be challenging
- Need to maintain a 3.5 rating
There are countless information courses floating around the internet. Why? Because for every problem that exists, someone claims to have the solution.
And that solution is usually some oddball money-making system that tells you how to turn a casual interest – or maybe something you’re super passionate about – into sustainable, reliable income.
Just like GoTranscript. Here’s the hard truth, though…
Most of these programs:
- Take way more time than you’re led to believe
- May have hidden fees
- Require you to buy multiple upsells in order to get the “real” information
But most importantly, a lot of these programs just don’t scale.
“Scale” means once you do the work to make a little money, it should get easier to make more money, not harder.
The problem is, most programs out there make it hard to make money at first, and even harder to keep making money.
In other words, you might be able to make some money in the beginning, but it won’t be sustainable and you’ll end up getting discouraged.
This is the exact opposite of passive income.
When income is truly passive, you do the work upfront, but then you set it and forget it. The money gets made whether you’re working or not. It’s not directly tied to the hours you put in.
So, what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Selling to friends and family
- Selling to strangers
- Recruiting people
- Dealing with questionable products that weigh on your conscience
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing, selling, or managing anything?
If that sounds like something you’d be interested in, check out Digital Real Estate.
This is nothing like GoTranscript, and that’s probably a good thing.
However, if you’d still like to know more about GoTranscript, keep reading.
What Is GoTranscript?
CEO Peter Trebek established GoTranscript in 2005 as a transcription company. It is a global company with 144 million minutes (274 years) of audio transcribed, whose headquarter is now in Edinburgh, Scotland, the United Kingdom.
They provide translation, subtitling, and captioning services in addition to their transcription services.
To supplement their AI technology, GoTranscript employs freelance transcribers to do manual transcriptions. Because machines aren’t flawless, they still need human intervention, which is why they’re looking for people interested in this certain job title.
Transcription is hardly a walk in the park despite its relative ease than other freelance jobs. Issues like poor audio quality and non-English accents might make the work more challenging.
What Are The Jobs Available At GoTranscript?
GoTranscript Audio And Video Transcription
Audio or video files can be quickly transcribed to provide customers with valuable information and statistics. Such files may be of any length, but they are broken into smaller chunks so that several transcribers can work on them simultaneously. Speeches, seminars, sermons, and lectures may all be the subject of transcription.
Most jobs in the transcribing sector fall under the generic transcription category, which pays at a low rate. Legal, medical, and financial transcribing jobs, all of which GoTranscript offers in plenty, pay the most well.
Text, video, and audio files may all be included in the translation process. Clients want to reach a larger audience for various reasons, whether professional, political, or personal. A translator is also needed to help English speakers better comprehend academic papers, applications, and patents published in other languages.
Now, translators working at GoTranscript are fluent in 15 languages, including Spanish, German, and French.
GoTranscript Subtitling And Captioning
These occupations require working with video files to make the text for digital screens. Freelancers often have early access to movies and TV series. Subtitling and captioning may contain Forex, software, legal, and technical engineering videos.
These tasks generate captions in a different language than the source file. Captioning differs from transcription, which needs word-for-word content from files.
Employees must translate and produce words so the viewers can comprehend the film as if it were in their native language.
How To Get Started?
To start working in GoTranscript, you must sign up and create an account first.
After creating a free account, you must pass a 3-minute transcription test before applying for online transcription jobs. They took two weeks to respond with further instructions.
If you’re accepted, you can start working as their employee. As a transcriber, you must claim from daily task lists, and you have the choice to choose what to do.
After finishing the transcription, you’ll only get paid for moderator-approved jobs.
If your clients have rated you 4.5 to 5 stars, you may apply for an editor position.
What Is The Transcription Process?
Transcribers get emails when new tasks or files are posted. GoTrancript lets you listen to audio or video files before accepting them.
If you want to work on the transcription file, click “Make My Job.” You also have the chance to work offline using ExpressScribe.
Their Transcription Tool is online if you don’t have ExpressScribe. GoTranscript’s online transcribing tool saves your work every 30 seconds and formats it automatically.
GoTranscript’s turnaround time is sufficient for most projects, and you may extend it from the site.
GoTranscript may cancel your account if you repeatedly submit low-quality work, having a below three rating. Check the final corrected transcripts to enhance your transcription skills and listen to the audio/video before accepting a job.
How Much Is The GoTranscript Pay?
GoTranscript’s pay rate aligns with the current market pricing for transcription services. Nonetheless, the amount of time and effort that goes into transcribing a single audio file might make you question whether or not the money is worth it.
According to GoTranscript, transcribing services on the site are paid between $150 and $1215 monthly. Every Friday, you’ll get your money through PayPal and Payoneer. You don’t need to meet a certain income threshold to withdraw the money. The company also pays the withdrawal costs if you use PayPal as a payment option.
GoTranscript pays its employees up to $0.60 per minute of audio or video. According to the GoTranscript reviews, transcribers may expect to earn as little as $3 an hour on the bottom end of the range, while experienced subcontractors can earn up to $13 an hour. The average monthly salary for a translator is $2000, with an hourly rate of $17.
GoTranscript Employee Reviews
You can tell if an online platform is legitimate by reading the comments of current and former employees on internet forums.
In the words of several current and former workers, their supervisors were instrumental in helping them achieve and provided the necessary flexibility.
According to other reviews, years ago, GoTranscript was a good company to work in because of its prompt payments and excellent customer service, but that is no longer the case. Some claim that a 10-minute transcription job turned into a three-hour project.
Is GoTranscript A Scam?
So, is GoTranscript a scam? Not technically. You can make money with this program, but it’s definitely not as easy as they make it sound.
There’s a ton of work to be done upfront, no real guarantee of success, and – most importantly – it doesn’t scale.
Now, there’s nothing wrong with front-loading the work and making the money later.
But if you’re grinding it out for 3 months and then your reward is being forced to grind it out for another 9 months before seeing any “real money,” well…that’s not a great deal, is it?
What if, instead, you could do that same 3 months of work (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
And you can legitimately do this from anywhere. It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
Are There Alternatives To GoTranscript?
Yes, there are plenty of other business models to choose from if you want to pursue this making money online. Here are just a few:
What Is My Top Recommendation For Making Money In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: With GoTranscript, you don’t really own anything. You have no control over the quality of products. You don’t even own your “business”.
Look at the fine print for most of the agreements folks sign when they join one of these companies. At any point, the company can change your commission structure, reduce your profit margins, or kick you out entirely.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) No Inventory: Alright, so most GoTranscript doesn’t make you buy the products and fill your garage with them anymore (unlike the good ol’ days), but you’re still in a physical products business.
And physical products always have physical limitations. Even if you don’t have to manage the inventory, you still have to deal with supply chain shortages that cause major delays.
Imagine finally landing your first customer, and then losing them after one sale because they had to wait 6 weeks to get their order.
With Digital Real Estate, a 100% online business, you never even have to think about that risk.
5) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with GoTranscript, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.
6) Make Money Helping Real People: With Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like GoTranscript which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.