10 Tips For Starting A Successful Transcription Business (2024)

Updated: January 19th, 2023
Start A Transcription Business

Want to start your own transcription business? Here are some tips you should know:

Learn more about starting a transcription business:

Where to start?

-> How much does it cost to start a transcription business?
-> Pros and cons of a transcription business

Need inspiration?

-> Other transcription business success stories
-> Examples of established transcription business
-> Marketing ideas for a transcription business

Other resources

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a transcription business:

#1: Rajiv Poddar, founder of Scribie:

We chatted with with Rajiv, founder of Scribie ($100K/month). In our interview, Rajiv says:

The odds are also stacked against solo founders. I have been the solo dev for the better part of the last 13 years. I am sure Scribie would have been a very different company today if I had found co-founders early on.

Additionally:

I am single-mindedly focused on cracking the problem of scaling our transcription service without compromising on the quality.

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Read the full interview ➜

#2: Ben Walker, founder of Transcription Outsourcing, LLC:

We chatted with with Ben, founder of Transcription Outsourcing, LLC ($100K/month). In our interview, Ben says:

Do everything yourself at least once. This way you will know what it’s like to make cold calls, deposit checks, answer the customer service calls, fire someone, hire someone, and literally anything else you are going to ask someone else to eventually do for you.

Additionally:

Getting a coach will allow you to skip the line on a bunch of lessons you will have to learn through your own mistakes and time.

Further:

Get as much PR as possible from the second you start your new business or take over a new one. Work with a professional company that knows your business and get covered in every publication possible.

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Read the full interview ➜

#3: Rajiv Poddar, founder of Scribie:

We chatted with with Rajiv, founder of Scribie ($100K/month). In our interview, Rajiv says:

I had almost given up and it looked like Scribie was destined to be a low-growth lifestyle business. Then I decided to try magic mushrooms.

Additionally:

Our grand vision is to make high accuracy manual transcription near real-time and affordable.

Further:

Invest in content marketing early and complement it with social media marketing. We have been regularly writing one of two blog posts each month and it has worked quite well for us.

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Read the full interview ➜

#4: Ajay Prasad, founder of GMR Transcription Services, Inc.:

We chatted with with Ajay, founder of GMR Transcription Services, Inc. ($200K/month). In our interview, Ajay says:

Prioritizing accuracy sets us apart from competitors and contributes to our success.

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Read the full interview ➜

#5: Ben Walker, founder of Transcription Outsourcing, LLC:

We chatted with with Ben, founder of Transcription Outsourcing, LLC ($100K/month). In our interview, Ben says:

Get as much PR as you possibly can, and get a coach as soon as you can. Both are highly important and will help you become a success much faster.

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Read the full interview ➜