Data entry jobs are increasingly appealing to a large portion of the public. The ability to earn an income based on one’s ability to enter vital information quickly cannot be overlooked. Virtually everyone in the United States (and many people outside the country) have access to the Internet and type at least a fair amount in their personal life. This life skill can now be transferred into high paying online data entry jobs. From the transcription of audio files to being a legal transcriptionist, data entry is a large and expansive field that continues to grow by the year. One can expect to type in data and transfer that information to another source that will use it for whatever business purpose the employer has.
The COVID-19 Outlook
COVID-19 has undoubtedly increased the interest in high paying online data entry jobs that can be done remotely, but it has also made the field far more competitive. Millions of people found themselves thrown out of work at certain points during the pandemic, and that meant that they had no choice but to look for other forms of income. Existing data entry job providers have found themselves swamped with applicants. However, it has also opened up new opportunities for other companies to come along and make a splash in the industry as well. Some enterprises that always operated under traditional business norms found themselves more open to hiring people for the best paying data entry jobs that they had available.
One interesting dynamic revolving around COVID-19 and data jobs is the fact that this pandemic has spurred on job growth in the industry as many industries see that the data they were using before is no longer valid. Datanami.com explains that the best high paying online data entry jobs are shelling out money to get people to help them change their simulations:
COVID-19 has spurred a shift to analyzing things like supply chain disruptions, speech analytics, and filtering out pandemic-related behavior, such as binge shopping, Burtch Works says. Data teams are being asked to create new simulations for the coming recession, to create scorecards to track pandemic-related behavior, and add COVID-19 control variables to marketing attribution models, the company says.
The rule of thumb with data is “garbage in, garbage out”, and the pre-COVID data is largely garbage for adapting to the world that we all find ourselves in right now. Companies cannot allow this to stand as they work towards obtaining more productive data.
What Can Someone Expect To Make Doing Data Entry Work?
A bottom-line consideration regardless of the job that one seeks is exactly how much money can be made online in any given line of work. It is a purely economic question that people need to know the answer to before they take a job. Obviously, there is no rock-solid answer for every single job in data entry, but there are some basic pay scales that those who work in data entry have seen in the past.
Different Systems Of Payment Offered By Different Companies
Many workers choose to accept positions that pay per project. Typically, these jobs classify their workers as independent contractors and pay them based on the amount of work that they perform. Could the best high paying online data entry jobs really be from a place where one is classified as an independent contractor? The answer depends on how one applies themselves and what kind of projects they are able to find. When it comes to remote data entry jobs there is a lot of variety to be had. Let us take a look at some examples of pay-per-project opportunities and the expected pay that one may generate based on figures compiled by job board and informational website Lensa:
- AccuTran Global – $0.004-0.0055 cents per word on shorter projects. Some workers have reported that they make up to $0.40 per word for lengthier projects. The best paying data entry jobs tend to go to those who have completed the most work for the company in the past. Also, remember that many people can transcribe quite a bit of work very quickly, and those fractions of a penny add up quickly.
- GoTranscript – Earnings of up to $0.60 per minute of audio transcribed. Keep in mind with audio transcription jobs that pausing and rewinding of the audio is frequently necessary to accurately transcribe it. Thus, the high per minute rate to compensate for the additional minutes that may be necessary to transcribe a single minute of audio.
- Scribie – This is perhaps one of the most interesting payment systems offered by any of the companies on our list. They pay $10 per hour of audio transcribed. However, there is the possibility of earning an additional $10 for every three hours of audio transcribed on a monthly basis. On top of that, it is possible to earn additional commissions from customer referrals which is another important way that some transcriptionists make money on this site.
- Working Solutions – This company has a more traditional pay per hour model that most of us are familiar with. They offer a pay rate of between $9 and $30 per hour entirely dependent on one’s previous experience. The work offered is flexible and can be part-time or full-time entirely dependent on the needs of the company at any given time.
- ClickWorker – This one offers pay per project or per hour depending on the specifics of the work being offered. Workers here can choose which projects they would like to do based on the pay rate and payment system as well.
As you can see here, there is a lot of variety across the industry as to how workers are paid and what additional rewards they may receive for their work. It is great that so many options are available and that the work culture within this industry is undergoing a transformation.
Pros And Cons To Consider Before Taking Data Entry Work
The outlook for data entry work is extremely positive and exciting, but it is always important to consider the pros and cons of remote data entry jobs before signing up for one.
We know a lot of the positives of data entry work, but let us not overlook the fact that such work can be rather repetitive and even tiresome after just a short period of time. People can become burned out on the work and decide that it is just not right for them any longer. Some even feel that their skill set is not being put to good use by doing this work.
Another upsetting thing for a lot of people is that some companies promise one thing but then don’t follow through. The companies we have mentioned above in this article are legitimate and pay their people, but there are plenty of scams out there as well. Surejob offers this sound piece of advice for weeding out some scams floating around out there:
Even if you find one then I would suggest you not to pay any registration fees unless you enquire everything about the company. A genuine company will always give you a phone number to clarify your doubts. So this would be your first challenge.
Common sense goes a long way toward reducing the risk of falling victim to a scam. If an offer sounds too good to possibly be true, that’s probably because it is.
Time To Start
Stumbling blocks aside, there are plenty of reasons to consider doing remote data entry work right now. It can be a great way to fill some gaps in your budget or can become a full-time income by itself depending on your needs and how much effort you put into it. Additionally, you have some autonomy to be your own boss and set your own hours. This is particularly true for those who choose to work for a company that pays per project. Finally, you can earn an above-average wage for excellent work and finally be rewarded for the actual effort you put into your work. That is not something that many traditional office jobs can tout.
There has never been a better time to get onto Lensa and see what is available. The early rush by workers to these jobs has cooled off some, but the demand has remained as high as ever. Anyone from a highly experienced data entry worker to someone just starting out has a chance to find a job that could change the whole trajectory of their life.