MAKE EXTRA MONEY WITH REMOTE DATA ENTRY AND TRANSCRIPTION WORK

July 5, 2021   /   by Marco  / Categories :  Business
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In recent years the job market has shifted more and more towards a gig economy, meaning workers – either by choice or by necessity – are working job to job or project to project. This comes with certain disadvantages, of course, such as a lack of job security. But on the other hand, gig workers have more flexibility. They can choose to work when they want to and on what projects they want to work on.

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What Kind of Work Is It?

Remote data entry consists largely of updating company databases and/or verifying the accuracy of data. This could include anything from market research to economic statistics and patient outcome results. A lot of the data is collected using AI and needs to be verified by human eyes.

There are a number of data entry jobs that consist of reviewing the transcripts of AI chats and collecting errors so that the developers can make the necessary improvements to the software. 

Additionally, AI is being used to transcribe speeches and conversations, and these transcripts need to checked by human eyes and any errors need to be gathered so the software developers can work out the bugs.

What Qualifications Do You Need?

For most data entry jobs, there aren’t specific academic requirements or previous work experience needed. Depending on the nature of the project, you may need to prove proficiency in the target language. 

Due to the potentially sensitive nature of some of the data being worked with, it is common for agencies to conduct background checks on the workers they assign to the project. A criminal record may significantly limit your options as to the types of and the amount of remote data entry jobs you can get.

How Much Can You Expect to Make?

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The compensation varies from platform to platform and from project to project. However, there are some industry standards.

  • Hourly rates range from $5 to $20
  • Per word for typing projects range from $.004 to $.006
  • Per audio minute for transcription projects range from $.60 to $.80

Given the repetitive nature of the tasks, it would be difficult to work on any one project for more than 4 hours a day. But if you did 2 projects a day – averaging 3 – 4 hours per project, after a full 5-day work week, you could expect to earn somewhere between $400 and $600. 

Where Can You Find Data Entry and Transcription Work?

The best course of action is to register with several different agencies. That way you can be more selective as to the projects you choose to work on. Below are some of the more popular agencies and online platforms to find remote data entry and transcription projects to work on. We’ll give you the basics and discuss the pros and cons.

GoTranscript

They provide online transcriptions of audio or video recordings as well as foreign language subtitling.

Pros

  • Simple registration process. You need to pass an audio transcription test which is not difficult. You could sign up, take the test, and create an account in under 30 minutes.
  • They offer a relatively steady stream of work
  • There is no software to install; their platform is intuitive and easy to use
  • They payout every Friday 

Cons

  • They only payout to PayPal (the most unreliable payment service on the market) or Payoneer
  • Many of the projects available to work on are below the $0.6 per audio minute advertised. While they do sometimes have work at that rate, many projects will fall between $0.4 and $0.5.

Clickworker

This platform hosts a number of different kinds of jobs including, categorizing the data of websites, proofreading texts, taking surveys, and conducting mystery visits of websites.

Pros

  • Simple registration process – though, you will need to pass different assessment tests to be eligible to work on a greater variety of projects. 
  • There is no software to install; their platform is intuitive and easy to use
  • They offer a wider variety of payout options than similar platforms, including TransferWise and direct deposit if you live in a SEPA country (Single Euro Payments Area)

Cons

  • Their rates are generally quite low
  • You’ll need to spend time taking assessment tests before you can start working on projects (typically 30 – 40 minutes per test)

For a more complete list of platforms where you can find remote data entry and transcription work, check out this article on the top 10 remote data entry jobs.

The Bottom Line

Regardless of what kind of situation you are in – a freelance gig worker or a salaried employee looking to make some extra money – there are many opportunities for work with remote data entry and transcription jobs. 

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