How to start a transcription services business

Maybe you are dog-tired of the nine to five, the dull and painfully slow commute to and from work and the boss breathing down your neck.  Or perhaps you just want to make some extra money to pay off the credit card bill or enjoy a few little extras.  If this sounds like you and you’re wondering where to turn, consider setting up your own online transcription services business and work from home.

Across age groups and industries the demand for work that can be done from the home is increasing exponentially.  In every sector companies are cutting their costs by reducing staff numbers and outsourcing more, which screams “opportunity” at the top of its lungs for home workers.

In this series of articles taken from my how to start a transcription services business book, I’ll be giving you the inside track on launching and operating a typing business from home, based on my own experience of running a successful typing and transcription service.  Most of the strategies are relevant to any home-based enterprise. The following pages will equip you with everything you need to kick start your exciting new career.

The home-based business opportunities featured in these articles are not “get rich quick” schemes. To enjoy success with your new endeavour requires commitment and work, and making the move from an office job to working from home may not be for everybody.  So I’ll also be delving into the mind-set you need to get into and how you can tell if setting up shop in your living room or on the kitchen table is really for you.  Along the way we’ll come across some of the potential pitfalls and how to navigate them successfully.

Working at home can be a wonderful and life-changing experience, but it might not be for everyone.  Although obstacles will present themselves (especially for busy mothers with hectic schedules) there are numerous techniques, tips and ideas to face adversity head on and put you on the road to success.

Know Your Niche

One of the most important elements to setting up your own home-based business is selecting the right niche to work in. The potential opportunities and choices may appear staggering at first glance, but you can narrow the field by exploring those options carefully that will fit into your personal lifestyle.

It might be setting up a typing or transcription services company, but you should keep your mind open to other ideas that may present themselves. Open-mindedness and an ability to adapt are prerequisites for success in today’s increasingly online marketplace.

Whether you are planning to be an online entrepreneur or want to work on a freelance basis, there are a number of steps to take before putting your plans into action. From obtaining any training that may be required, to setting up a home office and securing your first clients, these articles will take you through what you need to know to turn your work-at-home dreams into reality.

The fact that you are reading these articles means that you are ready to grasp new opportunities.  This will be an exciting time and I wish you good luck with all your endeavours.

How did I do it?

Firstly, everything I did and you need to do to run your own successful typing company, is covered in this manual.  There really isn’t that much to it and 99% of the work is simple and pure common sense.

You might have to learn a few new areas of business such as how to operate a piece of software to resize audio files, a bit of bookkeeping or marketing, but even that isn’t necessary when you know what to do.

It has taken me a lot of time, energy and resources to find out what to do, and just as important, what not to do.  I have travelled down many blind alleys and dead ends, which has cost me a lot of money (and I mean A LOT) and untold stress. But that’s only important if you want to build a home based business that works for you even when you aren’t there working in it.

I’ve learned through trial and error the best ways to get all this done and how to spot the scammers and con artists. Due to the massive increase in home based working opportunities and online businesses there are many sharks circling the waters, waiting to prey on those who don’t know what they’re doing.

Right, without further ado, let’s get started on getting you up and running with a home based transcription services business which is what these articles are all about.

Next article = Is Working From Home Right For You?