If you have been looking around for flexible hours and work-from-home opportunities, you must have stumbled upon transcription jobs.
So can you rely on Rev.com to be a steady and reliable income stream?
If that is the question on your mind, you have come to the right place.
For those of you who have been following my website, you’ll know that I always go deep below the surface to find out what a product/system truly is, before making my recommendation.
My objective is to help my readers to look past the hypes surrounding the product, and to be able to make an informed purchase decision based on a clear understanding of the nature of the product.
Honest, unbiased reviews – that is what you will find here.
And if you’d like to see an alternative, honest, and legitimate platform to start earning money online, then please click here.
Product Name: Rev
Founder: CEO Jason Chicola and Co-founder Josh Breinlinger
Product Type: Transcription services
Best For: People who are interested to work from home
Summary: Rev is a platform connecting freelancer with people who are in need of transcription/translation/caption services. It is a legit platform that helps you make extra cash during free time, but it is not a good opportunity if you are looking to create a full-time online income.
Overall Ranking: 5/10
Recommend: Yes and No
What Is Rev
Rev is a platform connecting freelancer with people who are in need of transcription/translation/caption services.
Founded in 2010, Rev was formerly known as FoxTranscribe or FoxTranslate Rev.com. Rev started up offering remote speech to text jobs. Over the years, Rev has put in much effort into machine learning and has built an industry-leading speech recognition engine to transcribe speech-to-text in minutes.
Having freelancers positioned all over the world, coupled with advanced software and proprietary artificial intelligence position Rev to offer exceptional accuracy and the fastest turnaround at the lowest prices.
To make money with Rev, you can either sign up as a transcriptionist, captioner, or translator.
As a transcriptionist, you will listen to either audio or video file, and accurately type out what is being said. You may also need to do verbatim transcription i.e. to include the silent breaks, the laughs, the cough etc. Examples of such jobs are the transcription of recorded interviews, focus groups, lectures, podcasts etc. You get paid $0.24-$0.90 per audio/video minute.
We human beings are visual creatures, we are attracted to video because it is easy to digest, entertaining and engaging. Video is also very accessible to anyone with internet access, both to watch and to produce. And those caption displayed at the bottom of the screen is written by no one other than the captioner.
Captioning jobs could range from writing captions for YouTube videos to working on closed captions for a movie or a big brand’s marketing videos. As a captioner, you’ll get paid every Monday for all audio files captioned and completed the prior week. The payment rate is set between $0.45-$0.75 per audio/video minute, and the average earning per month are $240.
As online video rise in popularity, so has the need for subtitling. As a subtitle translator, you’ll be converting spoken English into the requested language. Minimum pay rate ranging from $1.3 – $3 per /video minute, depending on the language you are dealing with.
How To Work With Rev
Signing up with Rev is easy, simply provide your name, email address, and position (either a captioner or a transcriber) and you are in!
Once you have created an account with Rev, you will be directed to various tests designed to assess your grammatical skill, typing skill, and transcription skill. The whole process shouldn’t take more than an hour time.
You will be tested on your grammar, capitalization, and punctuation skills.
You are given a block of text, you need to type out as many texts as you can in 60 seconds.
You will be given an audio file with multiple speakers. Not only you need to transcribe what you hear but also distinguish between the different speakers.
After completing the test, it takes under 48 hours to receive your result.
If you are selected, you will be directed to Rev’s Workplace platform where you can sign the user agreement form. But if you are not, you may retry the tests after 45 days.
Within Rev, freelancers can advance their career through 3 levels of ranking:
Newcomers who have passed the application test are automatically placed under Rookie,
Only allowed to transcribe files that are less than 30 minutes in length.
To qualify for Revver you will need 2 hours of work done with an accuracy of 4.5, formatting 4.5, 75% on time submission and a commitment ratio of 8.
Allowed to take on any job.
To qualify for Revver+ you will need 20 hours of work done with an accuracy of 4.6, formatting 4.6, 90% on-time submission and a commitment ratio of 15.
Access to projects 90 minutes earlier than the Rookie or the Revver.
What I Like About Rev
Flexible Work Schedule
You have the flexibility to decide which jobs to take on and when to get it. You also get to listen to the file before picking up the job. Even after picking it up, you have 1 hour to decline a job if you are not comfortable with it.
What I Don’t Like About Rev
1. Low Earning Potential
Transcription basically means typing what you hear, right? How hard can that be?
The truth is, transcription job is not as easy as we thought.
At first glance, the per hour pay rate from Rev looks decent. However, we haven’t take into account the time spent looking for a good project, rewinding of audio/video due to poor audio quality, or the need to fact-check the array of technical words that might pop up in medical or legal files.
Transcription is not just about typing, you need to be able to proofread too. Without the understanding of specific terminology and some companies’ names, you will not be able to transcribe well. A 15-minute file will likely take someone an hour to transcribe.
As you can see, after averaging out the payments over the time spent, the pay rate is actually very low. The amount you receive will neither make you rich nor allowing you to quit your day job. It is just an extra gig at its best.
2. Lack Of Communication And Support
In many ways, there seems to be a lack of communication between the Rev team and the freelancers.
In Nov 2019, Rev made headlines after it slashed minimum pay for its transcribers from 45 cents per audio / video minute transcribed to 30 cents. This came without warning and existing members were not informed about the changes.
There have also been cases whereby Rev closing freelancers’ account even for those who have maintained great metrics. Freelancers are left puzzled without much explanation given. Once a decision is made, there is no way of challenging the decision because they cut off all contact when they close your account.
3. Lack Of Jobs
Don’t expect a steady stream of assignments. There is dry period and you need to be ready to face them.
Working as a freelancer means there is no guarantee there will be work. You cannot rely on being able to work whenever you want to and however much you want to.
Let’s not forget that Revver+ freelancers get early access to tasks, meaning that they can grab all those ‘easier’ assignments and the leftovers are those unwanted, shoddy recording.
Like most freelancer platforms, there are always those jobs that have been there forever without anyone touching it, and those that get snatched up real quick.
4. No Prospects
If you just want to earn a few bucks in your spare time, then this might be something worth looking into.
Otherwise, transcription jobs like this is a shortsighted way of making money with no prospect of advancement.
There will be no pay raise, no promotion, no bonuses of any kind. And to be honest, considering the small pay that comes with it, it barely worth your time.
Let’s be realistic, working as a transcriptionist with Rev is not a real huge moneymaker.
The amount you can earn will all depend upon the time you spend on it. Once you stop working, your income stop flowing in too. If you want to make a full-time passive income from home, then Rev is not for you.
Spending time doing tasks like this, without building up anything for yourself – it is not worth it!
For that reason, I recommend you to see how I went from my 9-5 job to making a living online.
A Better Way To Make Money Online
A common misconception with transcription is that it doesn’t take that much time or require much expertise, which I have proved it wrong to you.
If you are willing to spend a few hours a day for such little pay, why not consider creating your own business?
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What do you think about Rev or affiliate marketing? Share with me your thoughts at the comment section below!