Audio & Video Transcription Service
Transcribe audio and video content into text
Overview
Transcription services generate $75,000-$800,000 annually with 60-80% margins.
In 2025, content accessibility requires transcription.
Revenue from per-minute transcription ($1.00-$4.00 per audio minute), verbatim vs.
clean-read transcription, time-stamped transcripts, rush transcription (24-hour) premiums (50-100%), multilingual transcription, and subtitle file creation.
Successful services provide accurate transcripts, meet strict deadlines and turnaround times, handle various audio quality and accents, provide formatting and time-coding, ensure confidentiality and security, and specialize in industries (legal, medical, academic).
Media companies, researchers, podcasters, and businesses as clients.
Marketing through transcription keywords, accuracy guarantees, fast turnaround, specialized industries, and competitive pricing.
Required Skills
- Typing Speed & Accuracy
- Active Listening
- Language Skills
- Transcription Software
- Industry Terminology
- Attention to Detail
Pros and Cons
Pros
- Relatively low startup costs
- Can work remotely from anywhere
- Growing demand for content transcription
- Flexible hours and workload
- Multiple industries need transcription
Cons
- Transcription labor-intensive and time-consuming
- Competitive pricing pressure
- AI transcription competition growing
- Poor audio quality challenging
- Repetitive work can be tiring
How to Get Started
- Build transcription skills and speed
- Invest in transcription software and equipment
- Develop quality assurance processes
- Market transcription services
- Recruit transcribers if scaling
- Deliver accurate timely transcripts
- Build specialized industry expertise
Explore More Specialized Language Services Ideas
Discover additional business opportunities in this category.
View All Specialized Language Services Ideas →