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Increase Revenue with Transcription Services at Your Fingertips

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There are a number of things that businesses can do to streamline operations and increase revenue. Today there are more and more options available for virtual assistance. The distinct advantage of utilising virtual assistance services is the access to on demand services without the higher cost of overhead. When demand for a service increases, businesses can just hire a virtual assistant to help manage the increased workload. That means that there are no missed opportunities and thus an increase in revenue for the company.

What is Transcription and How Can It Help You?

One of the services that really helps to increase revenue is transcription services. This is where a virtual assistant takes audio recordings and then transcribes them into digital text to make it easier to file away for quick reference later. Examples here include confidential Audio and Digital Transcription and Typing Services, Online Medical Legal/Medico Legal Transcription Services, and Media Seminar Podcast Video/Interview transcription services. Of course,  there are plenty more examples but these are the most common needs of a transcription service.

Increasing Revenue

Transcription services can increase revenue for a company in more than one way too. The obvious way it increases revenue is that it is less costly than having to transcribe everything in house. The other way that transcription can help to increase a company’s overall revenue is in repurposing and marketing media. Here is how this could work.

A common activity of companies is to create focus groups that discuss the ins and outs of a product or service that is offered by the company. They share their own personal experiences and explain what they liked and what they did not like. Some focus groups even provide insightful comments as to what could make the product or service better. Most of the time these focus groups are just open ended discussions with audio recordings. A transcription service will then transcribe these audio recordings into text.

With transcribed text, businesses can then create marketing material that incorporates the discussions. In the focus group example,  a business could then create marketing material that had actual quotes from real consumers regarding their products and services. Real comments and reviews from real customers can go a long way into selling the business.

On a side note, a transcription from something like a focus group can also provide great benefit to the company when it comes to improving the company’s product or service. This transcription can then be compiled into an easy to read form so that company officials can then address the issues that were discussed during the focus meetings. This is more efficient than listening to an audio recording. Just imagine having to listen to hours of discussion from a focus group and then trying take notes to address each and every one of the issues presented. It just does not make any sense.

One last thing to keep in mind when hiring a virtual office assistant for transcription services is to make sure they are fluent in the understanding of the language. This can make a huge difference in how something is transcribed and can also help to lower the overall cost of the transcription services since it won’t take them as long to transcribe as it would someone else who is not fluent in the Australian language. For Australian companies,  it is very important to focus on transcription companies that offer Australian Typing and transcription services.


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