Transcription services are a valuable marketing tool for today’s busy business owner. As you probably already figured out, transcription services in the US can be very expensive. Fees can range from $35 – $60 an hour or more. The valuable part of transcription is that it can be repurposed into additional products for your business. One teleclass or studio recording can be sold as articles, books or scripts.
Transcribing is important for employee training as well. Think of how quickly you could create training manuals by recording first by voice then transcribing into print. There is almost no end to what a transcription can be turned into. But the services have been costly and out of reach of many small businesses. That is where outsourcing can really help. For as little as $5.00 a hour you can have a dedicated overseas rep do the work for you.
Transcription is valuable also for record keeping. The minutes of company meetings, speeches at special seminars and interviews with potential employees can all be easily recorded with audio or video machines, but written records need to be kept as well. You can sell transcribed classes as information products, transcribe special teleseminars and email them to paid participants or save important phone calls as written documents. Transcription has many uses to the busy business owner. Repurposing material, the turning of information into many different types of media, can be very profitable for a company. One recorded teleseminar can be turned into Internet articles that attract leads, magazine articles that a company can use to promote an event or small books or pamphlets to be sold.
There are many things your outsourced rep can do for your business. Transcription is one of the most valuable assets that they offer because of the huge expense of American labor. Transcription is very time consuming so getting it done overseas is one of the biggest advantages of outsourcing. Don’t let the major cost of hourly transcription keep you from taking advantage of all these sources of potential revenue. In this tough economy, your company needs all the revenue sources it can handle while saving money at the same time. In today’s tough market, outsourcing is the solution to saving money and creating welcome growth.
Daven Michaels is an award-winning outsourcer and author of the book, ‘Outsource This!’ Daven has been honored more than any other individual or outsourcing organization. You can get more information on outsourcing by visiting www.123Employee.com
For a transcription service, various individuals and organisations have different rates and methods of pricing. That can be per line, per word, per minute, or per hour, which differs from individual to individual and industry to industry.