3 Major Reasons to Outsource Video Transcription Tasks

 

No matter what industry you are in, you may often feel the need to transcribe your business meetings, speeches, marketing videos, etc. You may need detailed notes from the speech you gave in the last presentation. Indeed, it is difficult for you and your team members to manage transcription activities for a while ahead of the busy schedule. This is where entrepreneurs feel the need to outsource video transcription functions of their organization.

In order to grow a business of almost any size, enough time is needed to focus on the tasks that drive the largest ROI. Developing new products or services, improving scalability, marketing, fundraising, budgeting, or staff management are tasks that are worth the time for you and your teammates. Taking care of transcription work is not.

 

Let’s be honest, when was the last time you or a member of your team sat down to transcribe videos of your business meeting? How long did it take to transcribe the entire meeting? Were you able to manage other key tasks with transcription work?

 

No right? It's clear. Because whoever is doing work that is not their expertise, they will take longer to complete a particular task.

 

By hiring transcription experts, you free up your in-house resources, giving them enough time to better focus on important business activities. In this way, you also improve the performance of your employees because they no longer have to focus on activities that are not their expertise.

 

Strategic outsourcing of business functions helps entrepreneurs to focus on important tasks, and what they do best.

 

For example, you may feel the need to outsource your marketing activities. Because video content is becoming an important part of any marketing strategy these days, your plans may include outsourcing your video marketing and audio transcription needs.

 

On average, it takes at least four hours to transcribe one hour of video. Doing your video transcription or using free software may seem like a cheap, easy way, but it takes time, and accuracy is not guaranteed.

 

Hiring transcription experts may seem like a disadvantage at first. But in fact, it helps you generate more money.

 

Just imagine how much time you are losing if you do video transcription yourself? How much opportunity is lost if you go with a cheap, low quality automated transcription solution? Even if your file is 90 percent accurate, there is still a lot of editing and correcting to do. What could you do with that time instead?

 

By outsourcing your transcription tasks to a reliable company, you assure yourself to get secure, highly accurate end products in a turnaround time that suits your needs. You’ll get the benefits of video transcription at the lowest possible cost.

 

So, outsource video transcription to get more time for bigger, vital business tasks. This might include brainstorming, improving your product, raising funds, and networking.