Just as with any other business, there is competition in the transcription business as well. The question of should you list transcription rates on your site is a matter of personal preference, but the more important factor is often overlooked; giving the potential client everything they need to make a decision and move forward.
When a potential client is looking for transcription services they normally need services at that time or in the near future. While some people do not mind doing hours of research to find the right company at the right price, others what the in your face approach; "Here is what my company is offering and this is what you will get for your money."
There are mixed feelings among transcriptionists - "If I list my prices, this will make it easier for others to have lower prices?" Well, yes, but you list your rates according to what you feel is right for your business; you don't scan the internet to see which business is charging more.
When a potential client is looking for transcription services they normally need services at that time or in the near future. While some people do not mind doing hours of research to find the right company at the right price, others what the in your face approach; "Here is what my company is offering and this is what you will get for your money."
There are mixed feelings among transcriptionists - "If I list my prices, this will make it easier for others to have lower prices?" Well, yes, but you list your rates according to what you feel is right for your business; you don't scan the internet to see which business is charging more.
Think about this for a moment. If Business A has a price list readily available on their site, a potential client who is ready to get started can see immediately how much their project will cost and proceed. On the other hand, Business B may have great testimonials and good prices, but if a potential client has to e-mail or telephone them to get the rates, and wait for an answer, they usually will move on to the next person on the list.
It really does not matter what your prices are; there will always be someone charging more than you and less than you. What is important is that you provide the potential customer, who is ready to buy, the opportunity to proceed immediately, if they choose to. In a split second, they could be gone, never to return.
Kimberly Best, a transcriptionist with over 20 years of experience in medical, legal, and general transcription. Currently doing freelance transcription specializing in seminars, videos, Mastermind groups, and interviews.
It really does not matter what your prices are; there will always be someone charging more than you and less than you. What is important is that you provide the potential customer, who is ready to buy, the opportunity to proceed immediately, if they choose to. In a split second, they could be gone, never to return.
Kimberly Best, a transcriptionist with over 20 years of experience in medical, legal, and general transcription. Currently doing freelance transcription specializing in seminars, videos, Mastermind groups, and interviews.