Michael Arrington points out a podcast transcription service which priced at $10 for a half hour of audio is really really cheap, too cheap I think if someone wanted to make money from doing this. 30mins audio to me would mean around an hours work. $10 an hour is minimum wage in Ireland. How can someone hire a person to do this and make any money?
In the comments of the TechCrunch post people suggest that voice to text software be used and then someone goes over it to check for errors. That doesn’t make the work any faster as you still need a human to check the words and listen to the podcast.
I left the following in the comments of the TechCrunch post:
Perhaps if the transcriber had the right to sell on the transcriptions then she/he could recoup costs that way. Or another way of recouping costs and maybe using a free model would be to offer free transcriptions in return for a share of ad revenue on the page that hosts the transcription.
If I were a transcription company Iâ€™d be contacting the main podcasters and offering my services for free to them for 6 months in return for a link back to my service.
Tom, as a podcaster who is getting serious heavweights in the tech world to do interviews with you, would you be open to such an idea?