If you are looking for an idea to start a business online, then one of the best small business ideas is starting a company offering manual interview transcription services. There is a lot of demand for manual transcription services since there aren't any automatic online or desktop tools available to convert audio to text. There won’t be a problem finding clients since there are lots of requirements in the field of transcription. While starting out, you can do the transcription work yourself. Once you gain some capital, you can hire people under you and get transcription work done from them.
If you have an audio or a video interview and you want it converted into text, then you need to be doing a manual interview transcription in order to convert it. There are no automatic tools available that can help you in the conversion. Even if there are tools, they wouldn't work as advertised. At max, they would function as semi-automatic tools and reduce your workload a little bit. But you still need to do some manual work. If you don’t have the time to do manual transcription, you can use the help of manual interview transcription services.
There are many interview transcription companies that offer fixed prices for transcription projects. A client needs to send the speech audio or video that is in consideration in advance to a company before deciding on the price. The company then analyses the audio or video to find out how difficult or easy it is and specifies a fixed amount that is applicable only for that particular audio or video. When the same client sends in a new audio or video file, the price may change depending on the complexity and the length of the audio/video.