“Trust what you see. Not what you hear.”
What is transcription of an audio or video recording?
Transcription is a high-skill process that involves listening to a recording, researching the subject, understanding the context and typing it accurately into text. The transcript can be an exact word for word document (verbatim) or the transcriptionist can clean up certain parts of the speech. When done right, the process can take a lot of time.
How do you transcribe a video/audio?
Transcription work is performed by a trained transcriber. The method used will depend on the intended use. If time-codes are not added then specialist software is not needed. In such a case any trained audio typist can produce the transcription. If the transcript is being created from a video for voice-over or subtitles translation, then the transcriber will need the right software and training. Transcription for subtitling work is much more time intensive as the time-codes must be logged in hours: minutes: seconds: frames. The transcriber will need to allow enough time for the viewer to read each “subtitle” on screen.
How long does it take and which factors influence the process?
The total time it takes to transcribe a recording depends on several factors. Let’s take a look at the key factors that affect transcription time.
When do you need transcription?
There are many reasons when transcription of video or audio content is needed. We have listed some of these reasons, along with their benefits, below.
Did you know that transcribing audio and video content can directly improve SEO?
It turns out that when you transcribe media such as podcasts, webinars and videos and post them alongside your content, you could get some quick SEO benefits. Studies found that pages that added transcripts earned an average of 16% more revenue than those without. YouTube videos that added captions gained 7.32% more overall views. You can start transcription as a side hustle, so be sure to check these transcription jobs for beginners.
You will probably find out that the most effective transcription tools do not come cheap. Most of the advanced ones can range from $50 to $150 a pop. If you need to transcribe confidential or large volumes of recordings you should go to a professional transcription company instead.
There is no official study documenting global average transcription prices per audio hour worked. Looking at most companies’ basic transcription rates you can see that they charge, on average, less than $3 per audio minute. Other companies charge between 9 to 15 cents per line transcribed.