Tigerfish Transcription: How Much Can You Earn?

Thinking about a career in transcription and wondering about Tigerfish Transcription?

This review covers earnings, job chances, and what it’s like to work there.

We’ll look at their services, how to apply, what you need, how you get paid, and the good and bad sides.

This will help you decide if Tigerfish is right for you.

What is Tigerfish Transcription?

Tigerfish.com is a website that offers transcription services, allowing individuals to earn money by converting audio files into text.

Founded in 1989, even before the internet became widely accessible, Tigerfish has established itself as a reputable player in the transcription industry.

Services Offered

Tigerfish caters to a wide range of industries, offering transcription services for:

1. Legal proceedings
2. Healthcare documentation
3. Marketing materials
4. Consulting sessions
5. Academic research
6. Corporate meetings and interviews

Their longevity in the business has allowed them to build an impressive client roster, including tech giants like Google, financial institutions such as JPMorgan, and prestigious academic institutions like the University of Washington.

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How Tigerfish Works

If you’re considering working with Tigerfish as a transcriptionist, here’s what you need to know about their process:

Application Process

1. Visit their application page.
2. Download and study their transcription style guide.
3. Complete a transcription test consisting of three 5-minute audio segments.
4. Provide basic information about yourself, including your reading preferences, educational background, and relevant experience.
5. Submit your application and wait for a response (which can take several weeks).

Here’s an AI transcription of their test file. You can edit it, following their style guide.

Requirements

To be eligible for transcription work with Tigerfish, you must:

• Be a U.S. citizen or resident
• Have a high-speed internet connection
• Provide a reliable telephone number for regular communication
• Own a Windows-based computer (their software is not compatible with Macs)
• Purchase their proprietary software (costing $229) after an initial trial period

Additional Equipment

While not explicitly mentioned by Tigerfish, successful transcriptionists often use:

• High-quality headphones with noise-canceling capabilities
• A foot pedal for hands-free audio control
• Text expander software to increase efficiency
• Typing speed of at least 65 words per minute

Payment and Earnings

Tigerfish pays its transcriptionists through PayPal on a weekly basis.

While they don’t publicly disclose their pay rates, research suggests that earnings typically range from $8 to $11 per hour.

This puts Tigerfish on the lower end of the pay scale compared to some other transcription services.

Pros and Cons of Working with Tigerfish

Pros:

1. Established company with a strong reputation
2. Flexible work schedule
3. Opportunity to gain transcription experience
4. Regular weekly payments
5. Diverse range of content to transcribe

Cons:

1. Lower pay compared to some competitors
2. Upfront cost for proprietary software
3. Limited to Windows users
4. Potentially long wait times for application processing
5. Seasonal fluctuations in work availability

Is Tigerfish Right for You?

Tigerfish can be a good starting point for those looking to enter the transcription field, especially if you lack extensive experience.

It offers a flexible way to earn money from home and gain valuable skills.

However, the relatively low pay and upfront software cost may be deterrents for some.

Alternatives to Tigerfish

If you’re interested in transcription work but aren’t sure if Tigerfish is the right fit, consider these alternatives:

1. Rev.com
2. TranscribeMe
3. 3Play Media

These platforms often offer higher pay rates (ranging from $15 to $25 per hour for experienced transcriptionists) and may have different application processes.

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Maximizing Your Online Earning Potential

Regardless of which path you choose, here are some tips to maximize your earning potential in the digital landscape:

1. Continuously develop your skills through online courses and certifications.
2. Build a strong online presence, including a professional website and active social media profiles.
3. Network with others in your chosen field to learn about opportunities and best practices.
4. Diversify your income streams to create more stability and growth potential.
5. Prioritize time management and productivity to increase your earning capacity.

Wrap-Up

While Tigerfish offers a legitimate opportunity to earn money through transcription, it’s essential to consider your long-term goals and earning potential.

Transcription can be a great way to get started in the world of online work, but exploring other options may lead to more lucrative and fulfilling opportunities.

Whether you choose to pursue transcription with Tigerfish or explore other avenues, the key is to start somewhere and continually work on developing your skills and expanding your horizons.

The digital economy offers unprecedented opportunities for those willing to learn, adapt, and persevere.

Remember, the most successful online earners are those who view their work as a business rather than just a job.

By adopting an entrepreneurial mindset and constantly seeking ways to increase your value to clients or customers, you can build a sustainable and rewarding career in the digital space.

As you embark on your journey to earn money online, stay curious, be willing to experiment with different opportunities, and don’t be afraid to invest in yourself.

The internet has a lot of income-generating opportunities, and with the right approach, you can create a flexible, lucrative, and fulfilling career from the comfort of your own home.