Is Scribie Worth It For Extra Online Income | Transcription Job

Summary

The video critiques Scribie, a transcription service company, revealing inconsistencies between advertised earnings and actual pay rates. The speaker explains that while Scribie is legitimate and doesn't charge fees, the potential income is much lower than often promoted. The video analyzes the company's payouts, explaining that transcribers can expect only $1.7 to $6.7 per hour despite claims of higher earnings. The speaker emphasizes transparency and realistic expectations, highlighting how low pay rates, hidden details, and outsourcing may affect income. Viewers are encouraged to make informed decisions based on their circumstances.

Takeaways

• 🔍 Scriby is presented as a well-known transcription company, but details show discrepancies.
• 💼 It is claimed that one can make between $400 to $1600 a month working full-time, but actual hourly pay is lower, ranging from $1.7 to $6.7.
• ❌ Grammatical errors on the site and issues like unverified trademarks raise concerns about its legitimacy.
• 🔒 The company collects personal data, including IP addresses and browser fingerprints, adding to privacy concerns.
• 🌍 The website claims to have 42,000 global transcribers, but the total payouts over 14 years suggest very low average earnings.
• 💻 Scriby charges clients around $0.76 per minute of audio, making it cost-effective for customers but difficult for transcribers to earn significant income.
• 🕑 Transcribing can take up to 5 times the audio length, which results in low actual hourly earnings for freelancers.
• 💰 Despite its legitimacy and good reputation for payouts, the potential earnings for transcribers are minimal.
• 📊 The total earnings distributed by Scriby suggest that individual transcribers might only make small amounts due to the large workforce.
• 🎯 The video emphasizes the importance of understanding real income expectations, advising caution when considering this type of freelance work.

Q & A

What company is being discussed in the transcript?

The company being discussed is Scribie, a transcription service operated by CG Biz Corporation.

What is the general opinion about the pay offered by Scribie?

The speaker considers the pay offered by Scribie to be quite low, ranging from $1.7 to $6.7 per hour, which is significantly lower than some claims made by others.

How much can a person potentially make per month on Scribie according to their tool?

According to Scribie's tool, a person can make somewhere between $400 and $1,600 per month, assuming they work around eight hours per day.

Why is the speaker distrustful of Scribie’s website?

The speaker is distrustful due to grammatical errors on the website and issues like the suspicious use of a registered trademark symbol (®) that does not seem to be officially registered.

What are some red flags the speaker found while reviewing Scribie's terms and conditions?

The speaker found concerning details like the collection of full name, email address, IP addresses, and browser fingerprints, which raised privacy concerns.

Is Scribie officially registered with the United States Patent and Trademark Office (USPTO)?

No, the speaker could not find any record of Scribie being registered as a trademark with the USPTO, which raised suspicions about the validity of their registered trademark claim.

How much does Scribie charge customers for transcription services?

Scribie charges customers around $0.76 per minute of audio for manual transcription services.

How does the speaker calculate the hourly rate for transcribers based on Scribie's pricing?

The speaker calculates that Scribie earns $45.6 per audio hour, but considering that transcription can take up to five times the length of the audio, this translates to about $9.12 per working hour, before deducting Scribie’s cut.

What is the estimated average payout per month for Scribie transcribers based on the company's total payouts?

Based on Scribie's reported total payouts of $3 million over 14 years, the estimated average payout per transcriber per month is around $1,500 if split evenly among transcribers, but this would decrease significantly given their large number of transcribers.

Why does the speaker believe the income generated on Scribie may not be sufficient for everyone?

The speaker believes that since Scribie operates in countries with different living costs, including India, the income generated on the platform may not be sufficient for people living in higher-cost countries.