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Speechpad Review (2022 Update): Everything You Wanted To Know!

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Updated: October 07

By: Scam Risk - Expert Reviewer

Speechpad

You are not alone in pursuing a part-time, work-from-home job that will allow you to supplement your income. Companies like Speechpad might help if you need money or are just looking for a way to complement an at-home lifestyle.

In this Speechpad review, we’ll how much you can earn, available jobs, and if it’s a scam or not.

DISCLAIMER:
This Speechpad 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

  • Work on your own schedule
  • Straightforward application process
  • Payments are free from processing charges
The Good

Cons: What I Didn't Like

  • No BBB rating
  • Flawed rating system
  • Work approval can take 2 weeks
The Bad

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 Speechpad. 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:

  • Inventory
  • 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 monthly revenues (from a couple of 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. 

Still Getting Paid

This is nothing like Speechpad, and that’s probably a good thing.

However, if you’d still like to know more about Speechpad, keep reading.

What Is Speechpad?

What Is Speechpad

Speechpad is a transcription company that hires independent contractors to transcribe audio and text. Speechpad, like the few other transcription companies, likes to pride itself on being easy to use for beginners.

Parts of the transcribing process are handled by AI, while human transcribers in their system handle others. Speechpad hires freelancers who are available to perform human transcription.

The company has been in operation for a long time; it was launched in 2008, making it over a decade old. Although they are best recognized for their transcribing work, they offer translation and close captioning.

Speechpad’s transcription services cover several industries, from insurance, SEO, and video transcription services.

The Speechpad transcribers listen to audio and video files, transcribe the content verbatim, and send it to reviewers for quality assurance. With Speechpad, you may advance in your transcribing profession and take on responsibilities like reviewing and captioning.

How To Join Speechpad?

The application process in Speechpad is a breeze.

You’ll need some fundamental abilities, such as a fast and precise typing speed. You might be required to pass a background check for certain positions that deal with confidential information.

Apply and pass the qualification tests for transcription and grammar to get started.

Speechpad Qualifications

Speechpad Qualifications

If you want to work as a transcriptionist, you need a score of at least 98 on the basic transcription test and 75 on the grammar test. A worker account will be created for you if you meet the criteria above.

Furthermore, you must meet the requirements of the Confidentiality Qualification. The agreement requires reading before signing.

The Web Video Captioning Qualification is required to enter the captioning industry. Select Web Video Captioning from the list of available credentials to earn this qualification.

You must familiarize yourself with a new set of skills and writing standards for this qualification. Then take a test to prove your skills and hopefully pass it.

If you’re looking for translation work on Speechpad, you’ll need to be a qualified translator with relevant experience and credentials.

Speechpad Jobs

Speechpad Jobs

Even though everyone at Speechpad begins as a transcriptionist or a transcriber, there are other positions you can work on. Some of the freelance work available includes:
  • Transcriber – your job would be to transcribe audio or video recordings into text.
  • Captioner – this particular job entails placing captions over videos.
  • Translator – this position requires freelancers who know multiple languages to translate the audio into text.
  • Reviewer– your job would be to edit and correct the work of transcribers.

How Much Can You Earn From Speechpad?

How Much Can You Earn From Speechpad

A Speechpad job can be done from home and is paid audio-minute based. A work minute and an audio minute are not the same, and people keep getting them mixed up.

The amount of audio minutes you transcribe is more important than the number of hours you put in. Even one minute of audio can take many working minutes to transcribe.

The amount of money you will make as a transcriber depends heavily on how quickly you type.

Speechpad claims that its transcriptionists are compensated between $0.25 and $1 per minute of recorded audio. Your income as a beginner transcriptionist will be low, somewhere around $0.25 per hour.

Current rates for captioning on Speechpad range from $0.30 to $1 per audio minute.

Freelance reviewers can expect to make anything from $0.20 to $1 every audio minute, with greater money going to those with more experience in the field.

The accuracy of your transcription job is something you must never compromise on. They use a rating system where higher ratings mean a greater likelihood of being promoted or offered higher-paying jobs.

Because payments are processed through PayPal, having a PayPal account is essential. Once your transcription has been reviewed and accepted, you will automatically receive a rating and payment. Payments are made twice weekly via PayPal, every Tuesday and Friday.

Speechpad Reviews

Speechpad Reviews

One satisfied user of Speechpad shared that they had completed hundreds of transcription jobs using the software without any problems. There was a single missed transcription; however, the client blamed the poor audio quality they provided.

Someone else echoed the previous comment that the Speechpad team consistently provides excellent results and helpful support. Some have even gone so far as to call Speechpad the best transcription company.

One customer said they could preview the audio file before starting the transcription work, which made the instructions much easier to follow.

The rating system on Speechpad has been the source of some negative feedback. They said it was flawed and unfair, cutting your earnings.

Is Speechpad A Scam?

Is Speechpad A Scam

So, is Speechpad 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 are 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

Saying goodbye to our job

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 Speechpad?

alternatives

Yes, there are plenty of Affiliate Marketing programs and resources to choose from if you want to pursue this business model.  Here are just a few:

What Is My Top Recommendation For Making Money in 2022?

Digital Real Estate

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:

Digital Real Estate is the #1 online business model for those just starting out.

Whether you’ve never made a dollar online or been in this space for a while but never really “made it,” Digital Real Estate is for you.

Why?

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.

Jump All In

2) You Own & Control EVERYTHING: With Speechpad, 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.

Feeling Blessed

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.

Scott Lead Gen

4) No Inventory: Alright, so most Speechpad 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 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.

Lance Lead Gen

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 of 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 monthly 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 Speechpad, you’d probably need to double the number of hours you spend working. Because, again, this program doesn’t scale.

ANNA DONE DEAL

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.

Boss of My Own Future

Now, the choice is yours. You could continue browsing, looking at opportunities like Speechpad 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.

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