6. Medical Transcriptionist Outsourcing Ingredient
Honestly, this strategy is what we do with our transcription projects. It is one of the most common practices in the industry. We outsource both our medical and general transcription works. Outsourcing is important because it allows lower costs compared to formally hiring an employee. Outsourced transcription projects gets done at a fraction of the price. Outsourcing also allows you to select from among several skilled persons to do the job.
Outsourcing is best for independent contractors especially if you can market to countries like the United States, UK, etc. If you’re living in these countries yet doing the manual work of transcription yourself, sounds like you’re doing it wrong. Come to think of it that transcription projects are now almost being fully outsourced to other countries with a weaker currency rate. This will make competition really tough for you if you’re doing the manual transcription yourself, especially in the long run. So instead, you must join the flow and outsource projects too.
Remember, if you can’t beat them, join them. All you need to do is to offer bulk transcription services at a discount and outsource to a country with a weaker currency rate while making a cut. This will certainly give you freedom out of doing the hard labor of manual transcription. It allows freedom from full-time work, or rather, tiring overtime periods.
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How can it help you make more money?
This makes you more money because you can take and accept more workload which could mean more money with less work.