CastingWords Review [Is Transcription Job Worth It?!]
Welcome to my CastingWords Review!
Transcription jobs are hot these days. Increasing demand for transcriptionists is evident to the extent to which it opens earning possibilities for people to work-at-home.
In this post, we’re going to review another transcription company that’s going to provide you an income by doing transcription jobs online. However, making more money isn’t a guarantee.
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CastingWords Review - Quick Summary
Type: Transcription Company
Price: $0.85 to $1 per audio minute
Best for: People who are interested in working as a transcriptionist at home without the need to report in a physical office and make money. All they need is a strong command of the English language and typing speed to accommodate the number of files to transcribe on-site.
Summary: Established in 2005, CastingWords is a transcription company based in New Mexico, USA in which it provides a work-at-home opportunity for aspiring transcriptionists with or without experience.
Is CastingWords Recommended? No, if you ought to make money online. This isn’t a good option for you. We’ll delve into the details in a while. For now, click the green button below to learn more about the other option to start with this year.
What Is CastingWords?
Established in New Mexico 14 years ago, CastingWords catered its stakeholders the need for accurate and fast transcription service.
Due to the increasing demands for transcription services, the company sought the need for the increase of transcriptionists akin to the number of workloads they received from its clients.
Similarly, CastingWords do provide the same type of service as the companies mentioned above cater. If you want to learn more about it, you can watch the video below and see if this company works for you or not.
How Does CastingWords Work?
As a client, you simply have to go to their website and upload the file you want it transcribed. You set the budget you can afford and the number of days you’d like the file ready.
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According to their website, they accept files sent by email, Dropbox, web, or FTP in either Zip file or not. In addition to that, they offer .txt files and other formats for the transcription.
After which, the assigned staff or anyone who received the file will have a quick conversation with you to discuss the file to ensure the seamless procedure before the transcription process commences.
On the other hand, as a transcriptionist, the desire to make enough money as a stable worker, you can’t guarantee that, though. I learned it when I wrote the previous review about AccuTran Global.
Transcription jobs are seasonal jobs. You can’t make the same amount of money every month. There will always be peak times and downtimes.
If you pursue, you can apply as one of their bonafide transcriptionists and earn $0.85 to $1 per audio minute.
How to Make Money with CastingWords?
When it comes to making money online as a transcriptionist, CastingWords pays out a few cents to a dollar per audio minute. That means, you always have to hope for more lengthy projects under your account to ensure the income.
However, this isn’t the case for entry-level transcriptionist because you belong to the low paid workers in the company.
Eventually, you increase the rank based on your experience and the work quality you provide. By then, you could get a dollar per audio minute compensation rate.
Here’s the catch.
You have to understand that working as a transcriptionist is a highly demanding job. You have to work in a conducive environment keeping you focused on finishing all the pending files assigned to you.
Nonetheless, it’s a great option to earn a side income, not as a full-time job.
CastingWords [UGLY] Truths Revealed!
1. Too Low Source Of Income
As I mentioned earlier, you can’t guarantee a big income from working as a transcriptionist because you’re paid in cents per audio minute. Hence, you don’t expect more than $30 per project.
AccuTran Global, a transcription company serving earlier than CastingWords and had bigger clients, only pays out $21 per audio minute. With that being said, earning 2-digit income per project is a norm.
2. Prioritizes Experienced Workers
Like the other transcription companies existing these days, they always prioritize the experienced transcriptionists versus the beginners.
An obvious uneven distribution of projects, indeed.
Thus, the longer you serve the company, the higher the number of projects they give you. It’s about earning the trust of whoever runs CastingWords and you’re good to go.
3. Highly Demanding
As a transcriptionist, you’re expected to get the job done as fast as you could. Which is why most companies require at least 60 WPM typing speed from the workers to ensure they finish the projects faster.
Aside from that, you have to cope with the deadline based on the agreement with the client. Otherwise, the company suffers from overdue projects.
4. Confusing Grading Systems
Aside from the low payment, a few of the transcriptionists muster the courage to write a rant against the company. Many of them revealed that the editors don’t follow the same grading system.
The transcriptionists receive a rating from them which becomes the basis for the compensation you receive per month. It could have been resolved if there is unison in the grading systems to ensure fairness.
What I Like About CastingWords?
1. Flexible Working Hours
The fact that CastingWords is a work-at-home opportunity, it’s a great way to start making money online.
Although it won’t pay more than you would expect, it still provides you a side income from a legitimate job you do during seasonal “peak” times.
2. Great Side Income
As I wrote earlier, working for CastingWords as a transcriptionist is a great way to start having the feel of working without leaving your lofty home. It’s a work-at-home opportunity.
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CastingWords Review - What Others Say About It?
“There's always work to do, especially for workers with high grades.” This is one of the few positive notes for CastingWords from the current transcriptionists working for the company. Yet, this isn’t surprising at all.
Many entry-level transcriptionists strive to produce high-quality content to earn higher grades from the editors. In turn, they won’t have to deal with project scarcity in the long run.
Once you proved your work as best as you can, you guarantee more workload. Thus, you receive more income in comparison to those who have lower grades than you do have.
Yet, on the other side, it’s always the demanding nature of transcription jobs. Every worker, regardless if they’re paid higher than the rest of the workers, deals with the pressure, especially in submitting projects on time no matter the length is.
For example, CastingWords require you to submit a transcription of a 90-minute long audio file within an hour or so.
The same system as other transcription companies implement. They all follow similar methods to enforce the high-quality and perfection they promise to their respective stakeholders.
Further, it’s common to have the low season, especially during the summer season. During these times, you’d expect job scarcity, resulting in high competition between the transcriptionists.
The company prioritizes the ones with higher grades than the entry-level or workers with lower grades. Hence, most of the jobs are given to the former and the remaining ones to the latter. It’s given.
“Well-paid if you're working for a while...It pays really low, and there are only a few jobs when you start working,” another CastingWords worker revealed.
Is CastingWords Legit?
There’s no doubt that CastingWords is a legitimate company that caters to the transcription needs of its clients.
Although it pays low, very low to be specific, especially to those who started working for the company, it pays on time.
It can be a good side income in the long run as long as you provide good outputs leading to earning higher grades. Once you keep your reputation, you will have higher chances to receive more transcription jobs than not.
Nonetheless, CastingWords is not a scam because it provides real services to its stakeholders. It may not be a good source for a full-time income.
However, it remains a great way to make some bucks from doing something you love. And that’s transcription.
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The thing is that you have to understand that the internet can also be tricky. Especially if you don’t have any knowledge about the fundamentals of the online money-making industry.
Similarly, working as a transcriptionist follow the same pattern. You may be working for something you love doing.
Yet, you can’t enjoy it because you’ll be forced to submit all the projects as fast as you can. You constantly work under pressure.
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Now that I shared my thoughts on my “CastingWords Review” post, it’s time to turn the table and ask about your experience, in general.
What kinds of experiences do you have with making money with CastingWords? Is it worth your time, money, and effort?
Do you prefer to begin earning your first passive income through affiliate marketing or you instead invest your time, money, and effort to income-generating opportunities like this?
Let me know in the comments below! 🙂
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