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Refinancing Federal Student Loans May Have Negative Consequences

Be careful with your Federal Student Loans.

Paying Your LoansIf you’ve had federal student loans for a while, you might be tempted to refinance your loans. Before you refinance, here are some things to consider:

  • Federal student loans have some benefits versus a refinanced loan.
  • With federal student loans, you may qualify for smaller monthly payments based on your income.
  • You may qualify for deferment on your federal student loans if you have no income or very low income.
  • If you don’t qualify for a deferment, you may qualify for forbearance instead.
  • If you work in certain industries, you may qualify for loan forgiveness.

Deferments and forbearance options are very similar. With a deferment, you have a no-pay period that may stop accruing interest for that time. With forbearance, you have a no-pay period that still accrues interest. Both options require a financial hardship to be present in order to qualify.

The income-based repayment option may help many students and graduates. This repayment option your monthly payment would be about 15% of your discretionary income. If your monthly payments aren’t enough to cover interest, you may end up paying more on interest throughout the period of your loan repayments.

However, if you can’t pay the full monthly interest increase, the government may help pay the remaining interest.

Loan forgiveness is an option that many people hear about but only a few people qualify for. In order to qualify for loan forgiveness, you have to work in a community service program like AmeriCorps or work in certain professions in areas like health and education.

You may also qualify if you are in the military or live in certain states that offer to pay a certain amount on your loan for being a resident of that state for an extended period of time.

Refinanced student loans may lose these repayment options. Your lender of choice when refinancing will probably have a stricter repayment plan compared to the federal student loan lender.


But that’s not all.

Increasing InterestFederal student loan borrowers do have some benefits over a refinancing lender. However, there are a few more things to consider when looking at refinancing:

  • Federal student loans aren’t dischargeable when filing for bankruptcy.
  • Becoming delinquent on your student loans will have a negative impact on your credit.
  • Becoming delinquent may also result in a late fee.
  • Defaulting on federal student loans may cause the government to garnish your paychecks or tax refunds.
  • Defaulting may also result in you being sued.

No matter what you decide, make sure that you do not fall behind on your loans without contacting your lenders. Keeping in contact and keeping the lenders up to date on your financial situations will help with adjusting your monthly payments. This will also keep your credit from dropping after missing payments.


Deciding to refinance?

Keep all of these options in mind when thinking about refinancing your student loans. Remember what happens when you start falling behind on your payments. Make a sound decision when considering refinancing.

Have your student loans caused you financial hardship? Are you considering refinancing your student loans? Let me know in the comment section below.

If you’re looking for a way to help start paying off student loans, I recommend trying out affiliate marketing. With affiliate marketing, you can take your passion and turn it into a full-time online business.

One great way to learn about affiliate marketing is to join an online community. The community I’m a part of is called Wealthy Affiliate University. You can check out my review of Wealthy Affiliate University here.


That’s all for today.

Don’t forget to leave your thoughts and opinions below. I love getting the chance to read your responses. Also, share this post with friends and family that might find the information useful.

Thanks for reading!

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Goal Setting Strategies – Tips on Setting Goals

Have you been setting goals for yourself lately?

WritingMaybe you have, maybe you haven’t. A better question may be “have you achieved your goals lately?”. With many people, the goals they set are either unmotivating or nearly impossible to achieve. That’s where goal setting strategies come in. These tips on setting goals may change the way you achieve success.

There are many goal setting strategies out there. Today, I’m going to explain my personal goal setting strategy that I use every day. The purpose of this goal setting strategy is to help you make realistic and motivating goals.


My goal setting strategy.

First of all, you want to set 3 goals for each period length in your life. What this means is you set 3 daily goals, 3 weekly goals, 3 monthly goals, and 3 lifetime goals. This way you will always have goals to work towards. You want your goals to be achievable so you set your easiest and most immediate goals every day and set your hardest, long-term goals as your lifetime goals.

Next thing to keep in mind is to make your goals clear and concise. You want clarity with your goals. Your goal’s purpose needs to be specific and understandable. The more broad and open-ended your goal is, the less motivating it is. This is because you can’t pinpoint exactly what you want to do.

For instance, “I will make more money this month” is far more broad than “I will make more money selling 100 of product x this month”.

A big thing you should consider when setting goals is that you need to make the goal achievable but challenging. For example, if you know you can run 45 minutes on the treadmill try aiming for 1 hour for the day instead.

Setting realistic, challenging goals helps to keep you motivated and wanting to complete the goals. And always keep in mind the kinds of requirements your goals have. Can you achieve the goal with your current resources? What do you need to help you achieve your goal? Work towards

ChecklistAnd always keep in mind the kinds of requirements your goals have. Can you achieve the goal with your current resources? What do you need to help you achieve your goal? Work towards meeting your goal’s requirements.

If you can’t find a plausible way to complete your goal, don’t set that goal. Set something more realistic.

Next, you want to why your goals are important. How will setting this goal affect you or your interests? What impact are you expecting your goal to have on your business? Keeping in mind the kind of influence your goal will have is important for morale and motivation.

Lastly, you want to stick to the deadline you set for your goals. If your goal is a daily goal, do your best to successfully complete it that day. If you don’t keep to a deadline, you’re less inclined to complete a goal.

Allowing yourself an unlimited amount of time to finish a goal causes laziness. “Oh…I’ll just try to complete it next month.” “There’s no reason to rush this goal, I can just do it later.” Don’t fall into that kind of apathy. Always set a reasonable deadline.


Continue reading about goal setting.

One of the best ways to stay motivated is to continue reading on the subject. Listen to the advice in books and practice what they preach.

One book I find incredibly helpful on the subject of goal setting is Write It Down, Make It Happen: Knowing What You Want and Getting It. This book has incredible and revealing reviews on Amazon, so check them out here.

For more advice on self-improvement, check out my post titled How to Invest in Yourself – Ways to Improve YourselfThis post talks about ways you can improve your quality of life on a daily basis.


That’s it for today.

I wanted to thank you for reading this post. It means a lot to me and I would really appreciate you leaving your thoughts and comments in the comment box below. I love reading your responses and I get to them on a daily basis.

Be sure to come back often. I try to make daily posts on subjects like making money, how to handle student loans, and self-improvement.

Thanks again. See you next time!

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Is CashCrate a Scam? My CashCrate Review for 2017

Is CashCrate a Scam? 2017 CashCrate Review

Overall Ranking: 6 out of 10
Price: $0 Membership (Join Here)
Owners: Patrick Clochesy, CEO
Website: http://www.CashCrate.com

INTRODUCTION

CashCrate BannerMany people starting out on their journey to make money online may come across “free cash” sites. There is no such thing as free money on the internet and it is no different with CashCrate.

With CashCrate, you can expect to earn some money by completing different tasks. These tasks include completing surveys, completing paid offers, playing games, and shopping online.

The question remains: Is CashCrate a Scam?

Let’s take a look at the information.


PROS/CONS

Pros

  • “Free Cash” for Surveys
  • Paid Offers
  • Referral Program
  • Access to CashCrate Community
  • Prizes for Playing Games
  • Paid to Watch Videos
  • Paid to Shop Online
  • Been Online Since 2006

 

Cons

  • Limited Pay
  • Waiting Period for Offer Confirmation
  • “Offer Wall” Participation Required on Several Offers
  • PayPal Not Available Until Requirements Met
  • $20 Payout Minimum
  • Community Less Active than It Used to Be
  • Payouts Sent on the 20th of the Following Month
  • Support on Offer Sites May Be Less Reliable

Dollar BillsThe “free cash” for surveys requires time to be invested in order to complete them. You can expect to spend 15+ minutes per survey with minimal pay. It may be as little as 25 cents or maybe a couple dollars. It really depends on your demographic and the availability of surveys.

The paid offers are where you will earn the most potential cash, but the offers are limited. Once you complete all of the offers, you will have to wait for site updates that come with more offers and surveys.

The referral program is interesting. Starting out, you earn 20% from what your direct referrals make and 10% of what their referrals make. The referral program has 2 more levels that you can progress through.

There is silver that provides 25% and 10% from referrals, then there is Elite that provides 30% and 20% from referrals. Signing up referrals and getting the to complete offers both require some effort.

The CashCrate community is not what it used to be. When CashCrate first started booming, there were dozens of people active in the forums at any given time. Today, you might see a couple posts updated here and there each day. There just isn’t as much community interaction.

Playing games for prizes requires points that you earn from other tasks. As you play, you may earn or lose points while working towards an amount needed for a prize. The prizes you can expect are gift cards of varying amounts and for different stores.

Getting paid to watch videos provides minimal earnings. Getting paid to shop provides you with 1%-10% or a specified dollar amount cash back on your purchases. For instance, shopping online at Walmart provides you with 2% cash back.

CashCrate has been around since 2006. In the last 10 years, there have been many “free cash” sites that have risen and fallen. Really, only the best stick around for any length of time. That’s one thing that CashCrate has going for itself, it’s been here a while.

With that being said, there are some more negative points to CashCrate. For instance, don’t expect to earn an unlimited amount of money from the site. You will hit a wall that can only be overcome by bringing in referrals.

WaitingAfter you complete paid offers, there is a waiting period in order for the offer to be confirmed which could potentially be days, though most of the time it will take less time than that. On some offers, you will be required to “signup for 2 offers” from an offer wall which can easily lead to spam in your inbox.

One big thing is that PayPal payouts are not available until you reach Silver status from referrals and have earned your first $20 check. With that being said, in order to be paid in the following month, you will have to have earned at least $20 in the current month. Otherwise, you won’t receive payment until that $20 level has been breached.

You will also be waiting on payments for some time. When you earn $20 or more for the current month, you will receive payment on the 20th of the following month.

And lastly, the support on CashCrate may be somewhat reliable but the support for the offers you sign up for may be less than helpful. Each offer will have its own system of support that you will need to contact if you want to cancel a membership or subscription or you want to get a refund on your payment.


WHO IT IS FOR

If you’re looking to make a quick buck, CashCrate is definitely not for you. In fact, if you’re serious about making money at all, then this might not be for you either. The amount you can earn from CashCrate is pretty low unless you manage to bring in tons of referrals that are all doing surveys and offers.

So, who is this for? This is for those that want to make a little bit of cash in their off time while not putting in too much effort. You can earn a few $20s on your own by just completing the higher paying offers. You will run out of offers eventually and will have to wait for future updates in order to earn more.

Completing SurveysCompleting surveys as well will increase the amount you earn over time, though these are generally low-paying tasks that take quite a bit of your time. In general, there are other sites that you can complete consumer surveys for that will pay you more than CashCrate.

Lastly, if you are one of those that knows how to bring in traffic and wants to get that referral cash, CashCrate can bring in a few bucks. Simply promoting your link won’t do, however. If you want to really bring in more money, you will have to post tips and advice on blogs and videos regularly so that it encourages new users to earn more cash (which pays you the more they earn).


TRAINING/TOOLS OVERVIEW

There are only 2 training videos available for CashCrate. One is to help you get started with using CashCrate and explains how to complete offers on the site. The other video explains how the referral system works and recommends ways to get people to sign up.

There is also a quick how-to guide showing how to complete offers. The only difference is it is shorter than the video and it only uses pictures.

Other than the videos and how-to guide, CashCrate has forums with community members and staff who answer questions and offer advice. New members will find the forums full of interesting and helpful information.

In the interest of gaining referrals, CashCrate also offers a list of banners, cards, flyers, QR codes, and a website widget. You have the option to create earnings banners through their banner creation system or you may choose to use normal banners in a range of sizes.


SUPPORT

SupportAt the bottom of any of the CashCrate pages, there is a link titled “Contact Us” that can be used if you have questions, comments, or suggestions. It is an email contact form with no real notification on when to expect a reply other than it saying “we’ll get back to you as soon as possible”. The amount of time you wait might be a few hours or maybe a couple days time from when you message them.

If you want a more immediate reply to your questions, there is always the forum. In the forum, there is a FAQ section where the most commonly asked questions are answered. You may also ask questions in the appropriate discussion boards and expect replies from community members and staff.


PRICE

While there is no fee to join and no monthly membership payment, some of the offers do require some payment up front. You can get by without doing any of the paid offers, but it does restrict the amount of cash you can earn.

The highest paying offers are the ones that require some form of payment or credit card information. Many times, these are for trial offers where you can cancel your membership or subscription in the allotted time without incurring further fees. Sometimes, you may even be eligible for a refund but don’t expect that to be the case often.

Also, keep in mind that any offer that just asks for your credit card information may incur around a $1 hold on your card for a period of a few days or longer. If you cancel your membership or prescription before you’re due for an actual payment, you will get that held cash back at some point.


FINAL OPINION/VERDICT

CashCrate itself is not a scam site. CashCrate offers legit ways to make money online, albeit it’s small amounts of money. The only way to bring in a more substantial income is through signing up referrals and getting them to complete tasks.

Although CashCrate is not a scam site, some of the offer sites may prove difficult when trying to get support. Also, the offers that require you to take part in “offer walls” generally will spam your email with “related offers”.

That is why I decided to give CashCrate a 6 out of 10. CashCrate provides an opportunity to earn cash online but at the price of potential spam, potential credit card use, and time invested.

CashCrate Signup


WHAT I RECOMMEND

If you’re looking for a real way to make money, try looking into affiliate marketing. It isn’t a get rich quick scheme by any means. With affiliate marketing, you have to put in some work to get up and running but once your site is going, you will be earning a mostly passive income. It just takes a little maintenance here and there or you can scale up with more sites for more money.

One great way to get into affiliate marketing is by joining an online community to help you learn everything you need to know about the industry. The community that I’m a part of is called Wealthy Affiliate University. Let’s look at a quick comparison between what you get with CashCrate and what you get with Wealthy Affiliate University.

 

As you can see, Wealthy Affiliate has a ton of features available to members that CashCrate doesn’t. With WA you get access to a wealth of information and a tremendously helpful community. There is also live support available at any time of day. There are members from all across the globe, so someone is always awake to answer your questions. To see my 2017 review of Wealthy Affiliate, click here.


That’s all for today.

Thanks for reading my review of CashCrate. I hope you got some value out of this post and can make a more informed decision about whether or not you want to join. If you have any questions or comments, shoot them in the comment box below and I’ll get back to you as soon as I can. I love reading your comments so don’t be shy.

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How to Find a Profitable Niche – Niche Research Tools

To Learn How to Find a Profitable Niche, You Need Reliable Niche Research Tools.

Keyword ResearchThere are many niche research tools out there. Some are definitely better suited for internet marketers than others. Today, we’re going to go over two useful niche research tools.

I’m going to be writing about the Jaaxy keyword research tool and the Wealthy Affiliate keyword tool. Both are owned by Kyle and Carson from the Wealthy Affiliate University. They both have very similar functions but there are a couple differences.

With the Jaaxy keyword research tool, you can sign up for a trial account for free. The trial account provides you with 30 free actions, such as keyword searches or keyword rank checks for URLs. After the 30 free searches, you would need to pay for an account upgrade to continue.

Jaaxy has 4 payment options for paid accounts. There are 2 options for Pro memberships and 2 options for Enterprise memberships. For a Pro membership, you can either pay $19 USD a month or $199 a year. With the Enterprise membership, you can pay $49 a month or $499 a year.

Both membership levels come with unlimited actions and a couple extra features but we’re not going to spend a lot of time going over everything. Just know that paid memberships have increased speeds and improved search results.


How do you use Jaaxy?

If you want to follow along, feel free to start your first search here:


To start off, you’re going to need a general niche idea. For my example, I will be starting with “pay off student loans” but you could start with anything you find interesting or are passionate about. The starting search window for Jaaxy looks like this:

Typing in the keyword “pay off student loans” will bring up a list of keyword ideas with a few important bits of information.

Niche Research 2

First, there is AVG. AVG is the average number of searches that keyword gets a month. Next is Traffic, which shows how many clicks you would get if you ranked #1 in search engines.

Then there is QSR, which stands for “Quoted Search Results” and shows the number of competing web pages using that exact keyword phrase. Following that is KQI or “Keyword Quality Indicator” and it shows red, yellow, or green to indicate keyword quality (green being best).

The last two are SEO and Domains. SEO shows a score from 1-100. The higher the number (based on traffic and competition), the more likely you are going to get ranked on the first page of search engines. Domains shows if .com, .net, or .org domains are available for purchase.

Looking at the keyword list, I noticed that “best way pay off student loans” had a pretty high traffic rating (ideally you want above 50), so I clicked on “Get QSR” to see about competition (which you want below 300). The keyword phrase showed that there were only 5 exact matches on search engines.

There was a problem, however. “Best way pay off student loans” doesn’t make grammatical sense. I needed to do another search using the proper term “best way TO pay off student loans” in order to see the real competition.

Niche Research 3

Looking at these results, I saw a ton of great keyword phrases. Going down the list, I decided to check out “how to pay off student loans fast” in the Wealthy Affiliate keyword tool to get a look at a couple more pieces of information.

Niche Research 4

On the Wealthy Affiliate keyword tool, there are 3 options that are different compared to Jaaxy. First, Article Power shows on a scale of 1-10 how strongly an article using that keyword will affect your search rankings. Next, PPC Power is on a 1-10 scale for how good the term is for Pay Per Click Marketing. Last, Dig just searches the keyword tool using the keyword phrase on the same row.

Looking at this information and seeing the other keywords mentioned, I ended up going with “how to pay off student loans faster” (that’s how this site got its title). The keyword competition is fairly low for the number of searches it gets.

Once you have your targeted niche idea, you have to check if there is a way to make money with it. I already knew that a topic revolving around student loans was profitable but I wasn’t sure about what kinds of programs I could be an affiliate for.

Using Google, I decided to search for the term “pay off student loans + affiliate” and it gave me some interesting Google instant recommendations.

Niche Research 5

“Student loan relief affiliate program” was a great term to search. It contained a keyword phrase related to my niche and it would show affiliate programs. Clicking that result showed me this:

Niche Research 6

This list of affiliate programs showed me that there were a lot of options to make money in the “how to pay off student loans faster” niche. These aren’t the only results I took into account, though. I thought of other things someone looking for that keyword might be searching for.

“Making money from home” is a great opportunity for when you have free time and I know many college students and recent graduates would need that kind of information, so a large part of this site became about ways to make money from home.

Searching in your own niche, try to think of other things that people might be looking for that you could utilize with your site. You would be surprised what you would find useful.


That’s really all there is to it.

There are other aspects of finding a profitable niche that I did not cover in this post. Those ideas are for another day and a more in-depth look at keyword research.

To learn more about affiliate marketing and keyword research, I recommend taking a look at the Wealthy Affiliate University. To see my review of Wealthy Affiliate, click here.

If you have questions or comments that you would like to share, be sure to post them in the comment box below. You never know if your response to this post can help out others visiting the page and I love getting the chance to read your replies.

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Home-Based Audio Transcription Jobs – General Audio Transcription

Audio Transcription Jobs are one career path for those wanting to work from home.

TypewriterAudio transcription is a simple activity. Have you ever watched Netflix with subtitles on? The subtitles were created by an audio transcriber. The job of an audio transcriber is to listen to a piece of audio and accurately type out what is said.

Sometimes a job requires that you type out the audio verbatim (exactly as said) while other times you can type up the general message (while still sticking close to what is being said).

Other times, you may be required to use timestamps to occasionally mark the approximate point in the audio for what you typed up.


Audio transcription sounds easy!

For some people, audio transcription may very well be easy. Some people just have the listening and typing skills to quickly get the job done. However, this is not the case for many. So, what does it really take to be great at this job?

In order to be great at this job, you must first and foremost have a good comprehension of the language you work with. For most, this would be a great understanding of the English language.

If you did well in your English classes, you probably have what it takes to write out the audio. Although…sometimes you have to interpret English with accents. Think British, Australian, or even Indian accents.

Great Listening SkillsNext, you need a keen ear. Some of the transcription work you pick up might have poor quality audio. It’s unfortunate, but when you’re just starting out you probably won’t be getting the greatest audio leveling. Your audio might come across garbled or far too quiet. Work is work, though, and these jobs still need to get done.

With great English skills and a keen ear, all that’s really left is the ability to type. If you’ve spent a fair amount of time at the computer, you might have the skills necessary to quickly crank out paragraphs of text. The faster and more accurately you type, the higher potential you have to complete more jobs and get paid more.

Oh, one thing I can’t forget to mention is that you’re going to need patience. You will be repeating sections of audio over and over to get the text right. Few people can keep pace with the audio in one go. Keep this in mind ahead of time and it will help you from becoming demotivated.


Do you need any special equipment?

While you can start off with just a keyboard and speakers, there are a few pieces of equipment that can make your transcription life much easier. There are really three things you should consider when thinking about a transcription job: noise-cancelling headphones, a transcription pedal, and transcription software.

First, have you ever tried watching a movie in a busy room at a party? All of the distractions can easily make you lose track of the audio. That’s where noise-cancelling headphones come in. With these headphones, you minimize the effect of the noise around you making it much easier to hear even whispered words. You’ll want to be able to hear as much as possible and this is the tool for the job.

One cheaper set of headphones I recommend is the Sony MDRZX110NC Noise Cancelling Headphones. These headphones are a great starter set for the beginner transcriptionist. The sound isn’t the best, but you get what you pay for. To see reviews on Amazon, click here.

Next, a transcription pedal can really reduce the amount of time you spend transcribing. A transcription pedal gives you foot control over the playback of audio. You want to look for a 3-function foot pedal for better control to play, rewind, and fast forward the audio.

The Infinity USB Digital Foot Control (IN-USB2) is an affordable foot pedal to get you started in the transcription industry. It’s a 3-function pedal that works with most software that allows a pedal control. For Amazon reviews, click here.

Express Scribe Pro Transcription Software with USB Foot PedalLast, transcription software can really speed up the transcription process. If you decide to do transcription as a freelance job, you may decide to pick this kind of software up. The transcription software will transcribe audio you input into the system.

There is no perfect transcription software yet, so you would have to edit the text to match the audio file as best as you can still. Even so, it tremendously cuts down the time needed to transcribe most good quality audio.

One thing to keep in mind is that text files with multiple speakers or a lot of background noise may have trouble being transcribed by the software. Single-speaker files with low or no background noise are the best to use with the software.

For transcription software, I recommend Express Scribe Transcription Software. This software is easy to use, can load audio from many different sources, and has many features audio transcribers will find useful. Check out Amazon reviews here.

If you want to pick up the foot pedal and the transcription software together, there’s even a convenient bundle. Check out Express Scribe Pro Transcription Software with USB Foot Pedal on Amazon here.


Transcription equipment. Got it. Now what?

I guess all that’s left to cover is how to get the job. When you’re first starting out and want to test the waters, you can try doing little odd jobs on Amazon’s Mechanical Turk. With Mechanical Turk, you take out small, usually very short jobs called HITs. These HITs are usually for very low pay, but the tasks are usually pretty easy. In audio transcription, you’ll probably end up with low-quality audio on MTurk.

Some HITs have certification requirements that you can meet by taking different tests. Each company that puts out the HITs may have different tests, but they may be worth completing to get access to the easier audio files. Some companies may even have jobs lined up for people that really take to the transcription business.

TypingAfter getting the hang of transcribing audio, there are really two options outside of MTurk. You could decide to try and get a permanent part-time position with an audio transcription company or you could try to start as a freelance transcriber.

With permanent positions, you shouldn’t expect a steady schedule. If there is work available, great…but sometimes there are a lack of audio jobs for you. With freelance work, you get jobs based on your “resume”.

The description of the work you’re able to do is what will convince potential clients to contact you. It’s good to have a small portfolio on hand of small jobs you’ve done as an example for them to see your work.

When applying for a transcription job with a company, you will usually have to take a test where they give you a few minutes of audio to transcribe. You have to transcribe the audio with as few errors as possible.

These tests are the same for many people trying to sign up, so they have the text files on hand for each piece of audio. You might be able to retry the test immediately if you fail, but some companies require that a certain amount of time passes before you can try again.

You probably want to know how much you can expect to be paid for your transcription services, don’t you? Well, first you have to understand the pay system. You aren’t paid an hourly wage, but rather you are paid based on the number of audio hours you transcribe.

Some companies might start you off at .50 cents per audio minute and go up to $1 per audio minute or more. These are wages for general transcription, not for specialized transcription services like medical transcription or legal transcription (more on those in another post).

What are some transcription companies? TranscribeMe! has starting pay at $20 per audio hour. They pay more if you have a medical or legal background and qualify for those jobs. They also give you micro-tasks (1-2 minute clips) instead of giving you full hour-long audio clips.

Scribie starts you off between $5-$20 per audio hour. They have the chance for promotion to other jobs as well, such as reviewer, proofreader, and quality checker. Keep in mind, these are just starter transcription jobs and have pretty low pay but they give you the experience you need to get higher paying jobs at other companies.


But what about freelance work?

Fiverr - Gigs Done for You for as Little as Fiver DollarsIf you want to go the freelance route, there are a few options you can pursue. At Fiverr, you can set a $5 price for the number of audio minutes you’re willing to work for that little pay.

For instance, if you set $5 for 5 audio minutes, you will be paid for each portion of audio up to 5 minutes. A 13-minute clip would bring in $15 pay. Keep in mind that Fiverr takes a small cut of the profits for their service.

You also have a deadline that you can set a default on (for instance, 3-day turnaround). You have to complete the job within that amount of time, otherwise, the client can refund their payment and cancel the transaction.

There is also Upwork and Freelancer. With these sites, you set your own price on your profile. For example, you can say you want $60 an audio hour with a 30-minute minimum (meaning that no matter the length of the audio, you will be paid for 30-minutes time at least).

You can also bid on jobs that people post about. This could be a way to get steady work from the right people. If you do a great job, people are more inclined to come back.


And that’s that.

You’ve got your hands on the basics of general audio transcription. You know how to find the work and what equipment helps. Now, get out there and try your hand at audio transcription!

If you’re looking for an alternative work-from-home opportunity, I recommend checking out affiliate marketing. Wealthy Affiliate has a great program that teaches you everything you need to know about affiliate marketing. Check out my review of Wealthy Affiliate here.

If you have any questions or comments, feel free to type them up in the comment box below. I love reading your responses!

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