Online transcription for interviews and meetings

Turn interviews, meetings and recordings into accurate written transcripts for researchers, media and businesses.

Startup costA$300 to A$2k
Monthly revenueA$500 to A$3.5k
Time needed8+ h/week
First incomeWeeks
  • A$300-2k
  • Side hustle
  • Online

Estimates for a small start in Australia, not guarantees.

What it is

A transcription-focused version of a typing service, working online with audio and video files. You produce verbatim or clean-read transcripts, with timestamps and speaker labels where needed.

Your first three steps

  1. Practise on sample recordings and build a few sample transcripts you can show, with permission or using public-domain audio
  2. Choose transcription software and a good headset, then set pricing per audio minute with options for turnaround time
  3. Approach university research departments, local podcasters and small market research firms with a short offer and sample
Who pays

University researchers, journalists, podcasters, market research firms, consultants, and councils or organisations that record meetings.

How it makes money

Charged per audio minute or hour of recording, with higher rates for poor audio, multiple speakers, technical subjects or fast turnaround.

Skills that help
  • Excellent listening and typing accuracy
  • Comfortable with transcription software and foot pedals or hotkeys
  • Good understanding of different accents
  • Discretion with sensitive recordings
Watch out for
  • Confidentiality: interviews can include sensitive or personal information, so check privacy obligations and use secure file transfer
  • Research clients may need a signed confidentiality agreement or ethics requirements
  • Check whether professional indemnity insurance suits your work
  • AI transcription tools have lowered prices for simple jobs, so specialise in difficult audio, accuracy or specialist topics
  • Long periods of typing and listening, so plan breaks to protect your hands, wrists and hearing

Deep research report · Australia

Everything you need to start: online transcription for interviews and meetings

Researched with live web search for Australia: real startup prices, the licences and rules, what others charge, a break-even example, how to find your first customers and a 30-day launch plan. With sources.

  • Startup costs with real prices
  • Licences, registration and rules
  • Pricing: what others charge
  • Break-even example
  • Finding your first customers
  • 30-day launch plan
  • Risks and how to reduce them
Ready in about 2 minutes · one-off payment, tax included

See a full sample report

Questions people ask

How much does it cost to start a transcription business?

Startup costs are estimates, typically around $300 to $2,000, depending on your software, equipment and any insurance you choose. Monthly revenue is typically around $500 to $3,500 as an estimate, depending on how much work you win and how specialised it is.

What rules should I check before transcribing interviews?

Interviews can include sensitive or personal information, so check your privacy obligations and use secure file transfer. Research clients may need a signed confidentiality agreement or have ethics requirements. Also check whether professional indemnity insurance suits your work.

What skills and time do I need to start transcribing?

You need excellent listening and typing accuracy, comfort with transcription software and hotkeys, and discretion with sensitive recordings. As an estimate, plan at least around 8 hours a week. AI tools have lowered prices for simple jobs, so specialise in difficult audio or specialist topics.

Other ways to run this business

Similar business services ideas

More ideas →