A transcription company (babbletype) claims that you can make money from transcription but is babbletype scam? Read the truth below. We are now in a technologically advanced world. Resultantly, we are experiencing changes in our day-to-day activities, including how we make money. As such, you can make a lot of money from the comfort of your home.
If you take the time to browse the internet, you will notice that there are tons of claims about how you can make money online. However, most of them are not legitimate; hence, you need to be wary before committing your time to look for money through any method.
Babbletype is one of the many methods that people claim that you can use to make money online. But what does Babbletype involve? Can you make money online through Babbletype? Is Babbletype a scam? Relax and read this article as all these questions will be answered in detail.
Product Name: Babbletype
Official Website: http://babbletype.com
Owner: John Feldcamp
Type: Transcription company
Cost to Join: Free
Recommended? No if you are looking for great paying opportunities
Overall Rating: 4.6 out of 10
Overview of Babbletype
Babbletype is an online platform that allows users to make money from home. This site provides work-at-home freelancers and people looking for an online source of income to make money primarily through audio transcription.
Although this online workplace was founded in 2009, Babbletype has undergone a few changes before becoming what it is today. It is one of the famous, reliable companies that help thousands of companies and individuals to transcribe their works.
In general, there are three kinds of jobs available at Babbletype:
Transcription is the main job available on Babbletype. Many people don’t even know that this company offers other kinds of services apart from transcription. This is because the company has built a name for itself as a leading transcribing site. Transcription projects on Babbletype come in different forms and types. Some may have a single speaker, while others may have lots of speakers.
It is also worthwhile to note that the transcription jobs on this online platform are specialized. Hence, people working on Babbletype don’t necessarily need to have specialized knowledge of any particular field.
Translation services on Babbletype involve changing an audio file from one language to English. Therefore, to work as a translator on this platform, you must be fluent in one of the popular languages, such as German, Spanish, and French.
On Babbletype, proofreading is for quality assurance of the transcripts that have been translated or transcribed by other freelancers. The proofreader is in charge of comparing the audio file and the transcripts to make sure that they have been done the right way.
Sometimes, the proofreader may need to fill in any words or phrases that are missing in the transcript. Finally, the proofreader will correct any grammatical or spelling errors that may be found in the transcripts.
So, if you want to join this online platform, you need to identify the service you can offer before registering.
Who Founded Babbletype?
John Field camp and Angela Wood bought a company called MRT in 2009 and changed the name to Babbletype. Both of them have been providing various digital marketing services (like SMM) for many years before buying this company. Currently, John Field camp heads the company.
How Does Babbletype Work?
Babbletype works in a simple way: companies or individuals contact Babbletype to help them transcribe audio documents, and Babbletype outsources the job to freelancers who are capable of completing the task. Regardless of the work that you do on Babbletype, you must indicate your availability for new projects before 4 p.m. each day.
This platform will assign a task you are capable of doing to you on or before 6 p.m. You can either reject or accept the task that has been assigned to you. If you accept the task, you are required to submit it by 4 p.m. the following day. In other words, each freelancer only has 22 hours to complete their assignments and submit for assessment by Babbletype.
Notably, if you do not sign up for work on a particular day, no task will be assigned to you. Also, there are so many translators, proofreaders, and transcriptionists on the platform; hence, the jobs available may not be able to go around everybody in some instances. In such a case, it is possible that no task will be assigned to you, especially if you are a newbie.
What Does It Take to Join Babbletype?
Joining and working on Babbletype is easy and straightforward. As long as you have the skill required, the platform welcomes you. However, you need to prove your competence by taking an evaluation test. With this test, the company can be confident that you can deliver exceptional services that will satisfy the needs of the numerous renowned organizations that it works with.
The evaluation test lasts for around 3 hours, but there is no guarantee that you will be hired after taking. Similarly, this test is to test your ability; therefore, you should not expect any compensation from Babbletype irrespective of your performances.
If you know your onions, you will have no problem with passing the test and getting hired by the company. Good knowledge of syntax, sentence structure, spelling, and grammar will go a long way in helping. Furthermore, if you want to offer translation services, you must have a great understanding of one of the other languages.
One distinct advantage of joining Babbletype is that you don’t have to pay a dime to start earning money on the platform. Also, there are no monthly subscriptions or hidden charges that can affect your earnings.
Nevertheless, you need a computer and a good internet connection to download what you want to transcribe, translate or proofread. In addition to the internet connection, you need good-quality headphones to listen to the audio and execute the task expertly.
However, the laptop, internet connection, and good-quality headphones cannot be considered as parts of startup costs for Babbletype because you can use them for other things. In fact, you may have all these tools already.
Who Can Benefit from Babbletype?
Babbletype is for everybody who understands English and knows how to transcribe, translate, and proofread. This platform is best suited for work-at-home freelancers who are looking for ways to make money without leaving home. People looking for ways to augment their earnings can also take advantage of this platform to make money.
What’s more, Babbletype accepts qualified freelancers from different parts of the world. However, it gives preference to native English speakers in some situations. This preference is partly due to the fact that the platform claims that it does not outsource its assignment to people that are not native English speakers.
Can You Make Money on Babbletype?
Yes, you can make money on Babbletype. However, the amount you can make on this platform depends mainly on your expertise, experience, and commitment to working on different projects. Once your previous assignment is approved, Babbletype allows you to sign up and pick up another job.
Babbletype pays you for each minute of the audio. The rates of Babble for different tasks are described below:
- Transcription – you earn around $0.40 to $0.80 for each minute of an audio file
- Translation – you earn about $1.30 to $160 for each minute
- Proofreading – you earn about $0.13 to $0.18 for each minute
Based on this rate, Babbletype does not pay you based on the time spent on transcribing, translating, or proofreading any document. On average, a good transcriptionist will require about 1 hour to transcribe 15-minute audio.
This means that you can earn as much as $10 in about 1 hour. While this potential income is not encouraging, your listening and typing skills may be the significant element that will decide how much you can earn on this platform.
If you have completed the tasks assigned to you successfully, Babbletype will pay through PayPal weekly. Also, this platform respects its transcriptionists, proofreaders, and translators; hence, it tries as much as possible to make the working environment conducive and flexible for them to an extent.
Pros and Cons of Babbletype
Just like other money-making platforms, Babbletype has its pros and cons.
- Work from anywhere
With the help of Babbletype, you don’t need an office to make money online. You can join the platform from the comfort of your home and start making money.
- No startup cost
This online platform does not require any startup fees. As long as you have a computer and a good internet connection, you are good to go.
- Set your schedule
When working on Babbletype, you are in full control of your schedule. You determine when you are available for work or not. Similarly, this platform allows you to reject any assignment that you don’t want to do.
- Lots of tasks available
Since this online platform is popular, many companies trust them with their transcription tasks. As a result of this, there are usually lots of tasks to be accomplished. The availability of lots of tasks can also help you develop your skills easily and quickly to start earning more.
- Regular payments
There is no gimmick in the payout. If your assignment has been completed successfully, Babbletype will pay you through PayPal.
- Low earning potential
The most obvious downside of Babbletype is its low earning potential. On average, you can hardly earn more than $10 for a task of 15 minutes because of the low pay rate. If you are in need of a regular source of passive income, I don’t think Babbletype is the platform you should consider.
- 24-hour deadline for all tasks
Although Babbletype is a bit flexible with its schedule for its contractors, I think the 24-hour deadline is too short. Sometimes, you may need to transcribe several minutes of audio, which will require hours to be completed. In such cases, you will have to work for long hours within 24 hours. This condition is not particularly encouraging for people looking for a passive method of earning money.
- Poor reviewers
Based on reviews by many transcriptionists, translators, and proofreaders that are working or have worked on Babbletype, the reviewers of this platform are not fair. In other words, the reviewers’ ratings and reviews are usually poor even when the contractors feel they have done a great job.
- Poor audio quality
In some situations, the sound quality may be poor; thus, you may have a hard time with proofreading, transcribing, or translating it. Although this platform offers some kinds of video tutorials concerning this, they are still not enough to solve the problem in many instances.
- Little or no training
Although Babbletype provides a few video tutorials for its contractors, it does not offer any other kinds of training. So, if you are still trying to learn the ropes of transcribing or translating, it may be hard for you to make it on Babbletype.
Final Word – Is Babbletype a Scam?
It is time I answered the big question that you have probably been waiting for: Is Babbletype a scam? Without mincing words, Babbletype is real, not a scam. This company works with various legitimate and famous organizations and offer them excellent services because of its legitimacy and high-quality services.
However, if you dedicate some minutes to looking at reviews online, you may find out that there are various accusations. I think most of the bad reviews are from transcriptionists, proofreaders, and translators who were not satisfied with the pay.
To be truthful, the pay rate of Babbletype is quite ridiculous; hence, many freelancers are often disappointed after working with them for a while. Nevertheless, the low pay rate does not mean that Babbletype as a scam. Once again, Babbletype is not a scam.
In a nutshell, if you are skilled at transcribing, proofreading, and translating, you already have skills that can help you make money online. But finding the right place to meet clients can be difficult, and that is why platforms like Babbletype can come to your aid. Although Babbletype does not pay well, it can be an excellent platform for you to start earning money as you climb up the ladder.
When you have finally honed your skills, you can move to other platforms or get clients directly and make more money with your skills. Furthermore, you don’t have to limit yourself to Babbletype; there are different ways through which you can earn money online.
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Thank you very much for spending your valuable time to read this review of Babbletype. I hope you’ve found the information that you were looking for about it in this article.
I always would be more than happy to see your thoughts so feel free to share it about this website and other online money making ways in the comments below. I read all the comments and reply to them personally.
See you soon in the next review! )