Is GMR Transcription a Scam? It’s Not! It’s a Legit Income Opportunity!
Welcome to my GMR Transcription review!
One of the most difficult, yet most popular, work-from-home opportunity is transcription. This is where you basically listen to audio or video files and convert them into document format. This is useful for medical, financial, and legal industries where they need meetings, journals, and even reports documented in more than one format.
This can be a lucrative income opportunity but it’s not meant for everyone. When done right, you can make a lot of money and turn it into a full-time business.
The program we’re going to review today is called GMR Transcription and we’re going to find out if you can make real money from the program.
First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.
That's the way to avoid scams and find the legitimate way to make money online!
Let me be completely transparent with you, I'm not associated with GMR Transcription in any form.
So, rest assured that I'm not here to pitch or sell anything to you.
Instead, I'm here to reveal if you can make a lot of money from their program...
GMR Transcription Review Summary
Product Name: GMR Transcription
Founder: GMR Transcription
Product Type: Work From Home Opportunity
Price: Free to Join
Best For: Skilled and experienced transcriptionists
Summary: GMR Transcription is a legitimate income opportunity. It's a work-from-home program that hires you as a transcriptionist, proofreader, or translator. But unfortunately, it doesn't guarantee a full-time source of income. There's enough task available that it should be able to make you a few bucks per week.
What is GMR Transcription?
GMR Transcription is a US-based company that offers transcription, proofreading, and translation services. The company was founded back in 2004, so they’re one of the more established and more popular transcription services.
Due to their standards, the company boasts of a 99% accuracy guarantee to their clients, which puts a lot of pressure on their transcriptionists, proofreaders, and translators.
Inside GMR Transcription
GMR Transcription doesn’t have any set requirements for anyone who want to join the company. In terms of experience, they’re open to accepting people with little to no prior experience in transcribing.
They also recommend that you use high-quality audio equipment and foot pedal for transcribing to help ensure your accuracy in their tasks.
As of this writing, they only accept people from the US to ensure the quality of their work done. They started off with outsourcing these tasks to India but found the quality to be lackluster.
We have no information as to whether or not they will reopen their doors to international transcriptionists.
How To Get Started with GMR Transcription?
GMR Transcription offers three different positions:
At any given time, they’ll adjust their hiring processes based on what they need. These are the most commonly filled positions:
- General transcriptionist
- Medical transcriptionist
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You’ll find their application page on their website, and it will ask you to fill up an information sheet. It will also ask whether or not you have the software called StartStop, which is one of the best transcription programs out there used by transcriptionists.
You’ll also be doing the test that will determine whether or not you pass their standards.
Here’s what we know about the tests based on third-party feedback:
- You need to complete the test within 3 days after receiving it
- If you apply without doing the test, your application will be rejected
- Your email after filling up the information sheet will contain an audio file that you need to transcribe.
- This email will also contain guides on formatting, so read this guide before doing the test.
- Instructions must be followed carefully.
After you do these 5 steps, it’s all about hoping for the best. You’ll know whether or not you get accepted in 2 weeks. Take note that this is completely normal since the company will have to review your application and then your test amongst the hundreds, if not thousands, of applications.
How Much Does GMR Transcription Pay?
GMR Transcription doesn’t advertise how much they pay their transcriptionists. But on their Glassdoor profile, you’ll find that people mention rates anywhere between $10 and $20 per hour.
The faster you work, the more tasks you can accommodate in an hour. However, speed is not the issue here but accuracy. If you get pinged for having a lot of errors on your work, you’ll end up getting fired.
You’ll receive a finite amount of warnings for poor work before you get terminated.
Does GMR Transcription Provide A Lot Of Work?
GMR Transcription promises that you’ll get at least 4 hours worth of transcriptions per month for their transcriptionists.
This may not be the equivalent of a full-time income but you are still getting a few bucks a month for your work.
If you want to turn it into a business, you can refer to this training course called Transcribe Anywhere. This course teaches you how to turn it into a full-time business, how to land high-paying clients, and more.
Who's GMR Transcription For?
GMR Transcription may be for you if you have a keen sense of hearing and you have a high attention to detail. This isn’t something that you can do on a whim, so you might have to look up how this industry works before you decide to get into GMR Transcription.
GMR Transcription Ugly Truths Revealed!
#1 Low Income Potential
GMR Transcription doesn’t really offer you a full-time income, which is kind of part and parcel of any transcription company and their offerings. You see, the company hires you as a contractor. You get a small percentage of whatever their clients are paying for their services.
So if a client pays them $100 to transcribe a 3-minute audio file, you’re getting a percentage of that. But if you do this on your own and you get your own clients, you get to keep all of the profits. This makes it lucrative.
But as long as you work with GMR Transcription or any other transcription company, expect to earn a few bucks here and there for each task.
#2 It’s A Difficult Income Opportunity
Transcription isn’t something that can be done by anyone. They need to be familiar with the industry, the jargon, and the equipment that’s needed to do the basic tasks.
There’s also the topic of investing in a high-speed internet connection, high-end audio equipment, and foot pedal to help you generate the highest quality of work possible.
What I Like About GMR Transcription?
#1 GMR Transcription Is A Reliable Company
GMR Transcription has a decent amount of reviews on their Glassdoor profile.
Employees and contractors have rated them at an average of 4.4 stars out of 5, meaning it offers more than a positive work environment. They actually know how to take care of their people.
Is GMR Transcription a Scam?
GMR Transcription is not a scam. It’s one of the oldest and most well-established transcription companies in the industry. However, it may not be for you if you’re looking for either passive income or a source of full-time income, or both.
- You’re technically an employee or contractor, and your rates are based on a percentage of what their clients are paying them. This is why the income potential is low.
- It’s a difficult job to do if you don’t have any idea on how the industry works. This makes it not doable for everyone.
However, if you don’t care about the money and want to build up on your transcription skills and credibility, this may be worth checking out. You can also check out these transcription companies:
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