Business Idea: Start A Transcription Business in 2026
A transcription service converts live or recorded speech into a written or electronic text document. Transcription service is in demand globally across industries.
Becoming a transcriptionist can be a side hustle or a full-time job, so long as you have the right gear.
Do you plan to become a transcriber ? Take an online transcriptionist course and work on your listening skills. To succeed, you need a good typing speed and excellent language command.
Revenue & Profitability
How much do transcription businesses make?
- On average, successful transcription businesses report $1.12M/year in revenue.
- 100% of transcription businesses report being profitable.
Startup Costs
How much does it cost to start a transcription business?
- It can cost as low as $100 to start a transcription business.
- It can cost as high as $500,000 to start a transcription business.
Learn more about the costs of a transcription business.
Examples Of Successful Transcription Businesses
Successful transcription business businesses and case studies
Jakt, a digital product and innovation studio based in NYC, works with both startups and large enterprises, operating on a revenue of $4 million in 2018 with a 20% profit margin, with focus on referrals and channel partnerships to attract and retain clients.
This case study article showcases the success of GMR Transcription, a company that generates over $1 million per year with only three employees, by providing accurate transcription services with pricing transparency and efficient file delivery.
