Monday, May 30, 2011

Running a Data Entry Business: Adventurous New Niches

You've probably heard about a data entry business or another home based business flourishing in your area because of the Internet. Do you want to start your own business? If you're a fast typist, and your circumstances prevent you from working in an office, this is a very good alternative career. What should you do to make sure that you're successful at it?
Do the dirty work first
Most businessmen would tell you to let the drones handle the dirty work. When it comes to the data entry business though, it's better if you have as much experience as possible. Start at the bottom if you can. Try getting small projects first and then expose yourself to different data entry jobs. Once you've acquired what you would feel as enough experience and projects are coming your way from all directions, network for more transcribers. Just be careful about the quality, though. You would want everyone you're involving in your data entry business to be just as committed to quality and strict deadlines as you are.
Most data entry jobs are home based which makes the handling of the business a little too casual for comfort. Sure, people who work from their homes running a data entry business might work in their pajamas while watching TV. However, that doesn't mean that they should treat their jobs less seriously. Clients will be closing deals with you online and you need to establish the trust between you and them. They need to be sure that you'll deliver the project on time and that you're handing in top quality work.
When you're running your business, make sure you're very professional, not only to your clients, but also to your employees. Be fair, but train them to respect deadlines. Make them realize that speed isn't everything. They need to be accurate in their transcriptions too. Expose employees to as many types of transcription encoding jobs as possible so you'll be stronger as a team.
Managing funds
Managing a team of transcribers while handling transcription projects could be very challenging. Be objective. Try to set aside funds so you can pay your freelancers even if things don't go so well between you and your client. Try to read reviews about companies and clients before accepting a job from them. If you get a major break and you earn more than what you expected to earn, don't get overly excited. Set aside some funds and whenever possible, use the rest to improve your business.


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