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All right, so have you heard about this?

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People are saying you can make money online

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just by listening to music.

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Really?

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Yeah, we found this YouTube video

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and it claims you can earn thousands of dollars.

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Thousands?

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Yeah, just by listening to music.

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It sounds pretty crazy right now.

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I mean, that's like everybody's dream come true, right?

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I know.

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So we're diving deep into this video

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to see if there's any truth to it.

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Okay, I'm interested.

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So first of all, where do you even find all this music?

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Right.

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The video says SoundCloud is the key.

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SoundCloud.

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Yeah, they make it sound like it's overflowing

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with tracks just like waiting to be turned into cash.

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Mm-hmm, of course.

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But is it really that easy?

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Yeah, I mean, if it were that simple,

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wouldn't everybody be doing it?

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That's a great question.

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And speaking of making money,

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the video then says the secret is to find lyrics

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for the SoundCloud songs and then transcribe them.

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Uh-huh.

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So you're basically turning audio into text.

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Oh, okay, so you're like a music transcriber.

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Exactly.

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And then you can get this.

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They claim you can make $1.50 per minute

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of audio transcribed.

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Wait, really?

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Yeah, so let's say you transcribe like a three-minute song.

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Okay.

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That's $4.50 in your pocket.

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Wow.

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But you have to wonder like,

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if it's that easy and that lucrative,

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why isn't everyone doing it?

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Right, that's what we're here to find out.

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Okay.

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Hold on, because there's more.

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The video introduces us to this platform called Rev.com.

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Rev.com.

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Yeah, it's rev.com.

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Got it.

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So they say you sign up as a freelancer,

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which means you're working for yourself, not a company.

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Okay.

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And then you transcribe audio into text

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and boom, you get weekly payouts via PayPal.

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Wow, hold on.

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Yeah.

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They even mention higher rates

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for translating subtitles.

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Really?

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Yeah.

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It all sounds very appealing,

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but it's important to look beyond the hype, you know?

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Uh-huh.

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And consider some key questions.

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Like, is $1.50 per minute a realistic right

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for most transcription work?

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Yeah, that's a good point.

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And how much time does it actually take

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to transcribe a minute of audio?

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Considering, like, audio quality, how complex it is.

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There's a lot to consider there.

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Yeah.

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But wait, there's even more.

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The video doesn't stop at rev.com.

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Oh no.

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They also suggest checking out gotranscript.com.

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Go transcript.

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Yeah, it's another platform for transcription jobs.

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Okay.

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And apparently it pays up to 60 cents

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per audio or video minute.

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So less than rev.

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Yeah.

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So the pro tip is to sign up for both platforms.

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Oh, so you can, like, double dip?

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Exactly.

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To maximize your earning potential.

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Hmm.

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But that raises an important question for me.

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Okay, what's that?

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If these transcription platforms are so lucrative,

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why is this YouTuber spending time making videos?

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Oh.

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Instead of just raking in the cash from transcribing?

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Yeah, good point.

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Why are they giving away their secret?

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I know, right?

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It's a little suspicious.

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Very suspicious.

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Like, you'd think they'd be too busy transcribing.

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Right.

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Bother with YouTube if it were that easy to make money.

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But wait, because there's another layer to this scheme.

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To help you with all this transcribing,

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the video recommends a website called O Transcribe.

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O Transcribe.

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Uh-huh.

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So the idea is to automate the process as much as possible.

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So you don't even have to do the work.

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Well, you copy the SoundCloud song link,

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paste it into O Transcribe,

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and let the software generate a transcript.

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Wow.

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Sounds almost too good to be true, right?

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It does.

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Of course, there's a catch.

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Uh-oh.

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They admit you still have to proofread the transcript

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because the software isn't perfect and might make mistakes.

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Oh, so you're not completely off the hook.

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Yeah, so it's not entirely effortless.

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That's a really important point, though, right?

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Anytime you're relying on technology

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to do something that requires human understanding,

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you know, like music, you have to factor in the time

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and effort it takes to make sure it's good quality.

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Absolutely.

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And that cuts into your potential earnings.

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But it gets even more interesting.

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Oh, no, what now?

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The video then claims that the real money

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is in foreign language transcription.

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Foreign language.

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Yeah.

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Where you can supposedly earn a whopping $5 to $12 per minute

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on rev.com.

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5 to 12 per minute.

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Per minute.

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For foreign language.

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Uh-huh.

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They make it sound like you just find some international tunes

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on SoundCloud, grab the link, use a website called

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HappyScribe or something like that to transcribe it,

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and bam, you're rolling in dough.

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OK, now this is where I get a little skeptical.

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Right.

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Translating music accurately, especially, you know,

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with all the, like, the slang and the idioms.

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Yeah.

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You know, it's not as simple as just plugging it

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into Google Translate.

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Exactly.

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You need to capture the nuances, the cultural references,

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the artistic intent.

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Yeah.

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It requires a deep understanding of both languages

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and the music.

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It's not just about word for word translation.

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Right.

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But this video makes it seem like anyone with an internet

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connection can become, like, a high paid music translator

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overnight.

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Yeah, it sounds a little too good to be true.

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I know.

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So to recap, we've got SoundCloud as our music source,

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Lyric sites to help us find the words,

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and then these transcription platforms,

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like rev.com and GoTranscript, where we can supposedly

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turn those lyrics into cash.

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OK.

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But are you starting to see some potential problems

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with this whole system?

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Definitely.

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Like, we haven't even talked about competition.

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Oh, yeah.

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Or, like, what if these platforms just change their rules?

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Or shut down.

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Yeah, exactly.

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There's a lot more to unpack here.

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We'll dive deeper into those potential issues in just a minute.

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But before we do, let me ask you this.

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Do you really think this YouTube video is offering

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a genuine path to making money online?

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Or is it just a clever way to get views

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and promote their own content?

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Hmm, that's a good question.

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Think about that for a minute.

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We'll be right back after this break.

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OK.

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All right, so we're back.

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And we're trying to figure out if this whole music to money

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thing is legit.

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Yeah.

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We've uncovered some potential red flags already.

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Right.

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But let's see if we can really separate fact from fiction here.

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OK.

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One thing that really stood out to me

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was how much the video relies on anecdotal evidence.

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Anecdotal?

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Yeah, like, they keep saying stuff like,

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I made thousands doing this.

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But we never actually see any proof.

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Yeah, there's no screenshots of earnings or anything.

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Exactly.

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It's all very vague.

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You just have to take their word for it.

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And that brings us back to that $1.50 per minute figure.

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Right.

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Is that actually a realistic rate?

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Or are they just throwing out a number that sounds good?

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That's a great question.

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And the answer is, it depends.

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Think about it.

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Transcribing a clear studio recording

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that's going to be way easier and faster

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than a muffled live performance with a bunch

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of background noise.

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Oh, yeah, that makes sense.

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And then you have to consider things like turnaround time.

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So how quickly they need it done.

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Exactly.

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And the complexity of the content.

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So a song with really complex lyrics

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might take longer.

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Yeah.

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Some platforms might even offer higher rates

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for specialized tasks, like transcribing medical or legal

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jargon.

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Right.

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Because that's more specialized.

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Exactly.

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But for general transcription work,

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the average rate is probably lower than what

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this video is suggesting.

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OK, so it's possible they're exaggerating those earnings

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to make it seem more appealing.

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It's definitely something to think about.

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And even if those rates are real, in some cases,

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the video doesn't really talk about all the other times

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involved.

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Like what?

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Like you got to search for music, research lyrics,

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proofread those transcripts.

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Oh, right.

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And manage your profiles on all those platforms.

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It's starting to sound kind of time consuming.

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It's definitely not as passive as they make it seem.

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Yeah, which kind of defeats the purpose of earning money

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while just listening to music.

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Exactly.

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And then there's another thing.

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What's that?

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Market saturation.

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What do you mean?

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Like if this method really worked as well as they say,

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wouldn't everybody be doing it?

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I guess so.

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The more people who jump on the bandwagon,

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the more competition there is for those jobs, right?

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And that could drive down the rates.

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So it might not even be worth it.

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Exactly.

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And then, let's not forget about this,

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your entire income is relying on these third party platforms.

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That's true.

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What happens if SoundCloud changes its policies?

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Or rev.com changes its pay rates.

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Or one of those websites just shuts down completely.

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Oh, wow.

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Yeah, I didn't even think about that.

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That's a huge risk.

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You're basically at the mercy of these platforms.

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And their priorities are their own business goals.

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Not your financial well-being.

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You could be making decent money one day.

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And then poof, it's all gone.

279
00:08:29,480 --> 00:08:30,800
Exactly.

280
00:08:30,800 --> 00:08:32,200
So you got to be careful.

281
00:08:32,200 --> 00:08:36,080
OK, so bottom line is this whole music transcription

282
00:08:36,080 --> 00:08:37,360
thing legit.

283
00:08:37,360 --> 00:08:39,080
I wouldn't call it a complete scam,

284
00:08:39,080 --> 00:08:41,960
but it's definitely not the easy path to riches

285
00:08:41,960 --> 00:08:43,240
that they make it out to be.

286
00:08:43,240 --> 00:08:45,360
So if someone really wants to try transcription

287
00:08:45,360 --> 00:08:48,280
as a side hustle, what should they do?

288
00:08:48,280 --> 00:08:49,160
Research.

289
00:08:49,160 --> 00:08:49,660
OK.

290
00:08:49,660 --> 00:08:52,640
Research different platforms, compare rates,

291
00:08:52,640 --> 00:08:54,840
read reviews from other transcribers.

292
00:08:54,840 --> 00:08:56,320
Basically, do your homework.

293
00:08:56,320 --> 00:08:56,880
Exactly.

294
00:08:56,880 --> 00:08:59,880
And be realistic about how much you can actually earn.

295
00:08:59,880 --> 00:09:01,880
And don't trust everything you see on YouTube.

296
00:09:01,880 --> 00:09:02,720
Definitely not.

297
00:09:02,720 --> 00:09:05,400
You got to be a critical consumer of information online,

298
00:09:05,400 --> 00:09:07,440
especially when it comes to making money.

299
00:09:07,440 --> 00:09:09,680
So this music transcription thing might not

300
00:09:09,680 --> 00:09:11,200
be all it's cracked up to be.

301
00:09:11,200 --> 00:09:12,360
Right.

302
00:09:12,360 --> 00:09:15,200
But what about other ways to make money from music?

303
00:09:15,200 --> 00:09:16,160
Now you're talking.

304
00:09:16,160 --> 00:09:17,920
We'll explore some of those alternatives

305
00:09:17,920 --> 00:09:18,720
after a quick break.

306
00:09:18,720 --> 00:09:19,880
Sounds good.

307
00:09:19,880 --> 00:09:20,560
We're back.

308
00:09:20,560 --> 00:09:25,320
And even though this make money listening to music thing

309
00:09:25,320 --> 00:09:29,160
might not be what it seems, it does get you thinking.

310
00:09:29,160 --> 00:09:29,640
Yeah.

311
00:09:29,640 --> 00:09:33,560
About other ways you could actually make money from music.

312
00:09:33,560 --> 00:09:34,600
Absolutely.

313
00:09:34,600 --> 00:09:35,640
So let's talk about that.

314
00:09:35,640 --> 00:09:36,480
OK, I like it.

315
00:09:36,480 --> 00:09:38,640
What are some real, legitimate ways

316
00:09:38,640 --> 00:09:42,840
people can turn their passion for music into profit?

317
00:09:42,840 --> 00:09:45,440
Well, I think the key is to really focus

318
00:09:45,440 --> 00:09:48,440
on what you enjoy and what you're good at.

319
00:09:48,440 --> 00:09:49,320
Right?

320
00:09:49,320 --> 00:09:52,800
So for example, if you're a good writer,

321
00:09:52,800 --> 00:09:54,560
you could try music journalism.

322
00:09:54,560 --> 00:09:55,480
Music journalism.

323
00:09:55,480 --> 00:09:56,240
Yeah.

324
00:09:56,240 --> 00:10:00,600
Writing for blogs, websites, even creating content directly

325
00:10:00,600 --> 00:10:01,320
for artists.

326
00:10:01,320 --> 00:10:03,080
Oh, like writing their bios and stuff?

327
00:10:03,080 --> 00:10:03,920
Yeah, it's pretty cool.

328
00:10:03,920 --> 00:10:04,420
Yeah.

329
00:10:04,420 --> 00:10:07,200
You'd be shaping how people see these artists.

330
00:10:07,200 --> 00:10:08,440
It's a big responsibility.

331
00:10:08,440 --> 00:10:08,940
It is.

332
00:10:08,940 --> 00:10:11,720
Or if you're more technically minded.

333
00:10:11,720 --> 00:10:14,800
You could get into music production, mixing, mastering.

334
00:10:14,800 --> 00:10:15,320
Oh, yeah.

335
00:10:15,320 --> 00:10:16,800
There's a lot of software for that now.

336
00:10:16,800 --> 00:10:17,400
There is.

337
00:10:17,400 --> 00:10:19,920
And the demand for audio engineers is huge.

338
00:10:19,920 --> 00:10:20,240
It is.

339
00:10:20,240 --> 00:10:22,280
And you can learn a lot of that stuff online now.

340
00:10:22,280 --> 00:10:22,960
Exactly.

341
00:10:22,960 --> 00:10:25,120
There are tons of resources out there.

342
00:10:25,120 --> 00:10:26,160
What about teaching?

343
00:10:26,160 --> 00:10:26,840
Teaching.

344
00:10:26,840 --> 00:10:27,340
Yeah.

345
00:10:27,340 --> 00:10:30,560
Could someone give music lessons online?

346
00:10:30,560 --> 00:10:32,520
Or create videos about music theory?

347
00:10:32,520 --> 00:10:33,280
Absolutely.

348
00:10:33,280 --> 00:10:36,960
Online learning is exploding right now.

349
00:10:36,960 --> 00:10:39,760
People are learning everything online these days.

350
00:10:39,760 --> 00:10:42,280
So someone could teach piano on YouTube or something.

351
00:10:42,280 --> 00:10:42,640
Yeah.

352
00:10:42,640 --> 00:10:45,720
Or create courses on Skillshare, you to me.

353
00:10:45,720 --> 00:10:46,720
Oh, I've heard of those.

354
00:10:46,720 --> 00:10:47,220
Yeah.

355
00:10:47,220 --> 00:10:49,400
You can reach a global audience that way.

356
00:10:49,400 --> 00:10:50,280
That's amazing.

357
00:10:50,280 --> 00:10:51,840
And what about social media?

358
00:10:51,840 --> 00:10:55,240
Oh, social media is huge for musicians these days.

359
00:10:55,240 --> 00:10:57,520
I mean, everyone's on TikTok, Instagram.

360
00:10:57,520 --> 00:10:58,020
Right.

361
00:10:58,020 --> 00:11:00,240
You can build a following, show off your skills.

362
00:11:00,240 --> 00:11:01,400
Brand deals, sponsorship.

363
00:11:01,400 --> 00:11:02,080
Exactly.

364
00:11:02,080 --> 00:11:05,560
It's all about finding creative ways to use your passion.

365
00:11:05,560 --> 00:11:06,400
Love that.

366
00:11:06,400 --> 00:11:07,440
But here's the thing.

367
00:11:07,440 --> 00:11:08,400
What's that?

368
00:11:08,400 --> 00:11:11,760
Success in music or any field, really.

369
00:11:11,760 --> 00:11:12,080
Yeah.

370
00:11:12,080 --> 00:11:12,960
It takes work.

371
00:11:12,960 --> 00:11:13,160
Right.

372
00:11:13,160 --> 00:11:14,920
You don't just become a star overnight.

373
00:11:14,920 --> 00:11:15,400
Exactly.

374
00:11:15,400 --> 00:11:16,520
You've got to be dedicated.

375
00:11:16,520 --> 00:11:17,480
You've got to hustle.

376
00:11:17,480 --> 00:11:18,800
And you've got to be realistic.

377
00:11:18,800 --> 00:11:19,920
Absolutely.

378
00:11:19,920 --> 00:11:21,280
There's no magic formula.

379
00:11:21,280 --> 00:11:23,600
So no matter what path you choose,

380
00:11:23,600 --> 00:11:25,120
you've got to be passionate about it.

381
00:11:25,120 --> 00:11:25,680
Yeah.

382
00:11:25,680 --> 00:11:26,880
Willing to put in the effort.

383
00:11:26,880 --> 00:11:29,120
And be ready for some bumps along the way.

384
00:11:29,120 --> 00:11:30,960
Because there will be bumps.

385
00:11:30,960 --> 00:11:32,360
Always.

386
00:11:32,360 --> 00:11:33,840
But that's part of the journey.

387
00:11:33,840 --> 00:11:38,160
OK, so we've talked about the myths, the realities,

388
00:11:38,160 --> 00:11:40,320
and some actual ways to make money with music.

389
00:11:40,320 --> 00:11:40,840
Yeah.

390
00:11:40,840 --> 00:11:43,360
But what's the biggest lesson here?

391
00:11:43,360 --> 00:11:47,080
What do we want our listeners to take away from all of this?

392
00:11:47,080 --> 00:11:48,840
I think it's about critical thinking.

393
00:11:48,840 --> 00:11:49,360
Oh, yeah.

394
00:11:49,360 --> 00:11:50,000
Big time.

395
00:11:50,000 --> 00:11:52,040
When you see these promises online.

396
00:11:52,040 --> 00:11:53,960
Especially get rich quick schemes.

397
00:11:53,960 --> 00:11:55,480
Especially those.

398
00:11:55,480 --> 00:11:57,320
Don't just believe everything you see.

399
00:11:57,320 --> 00:11:57,560
Right.

400
00:11:57,560 --> 00:11:58,800
Question everything.

401
00:11:58,800 --> 00:11:59,640
Do your research.

402
00:11:59,640 --> 00:12:00,880
And trust your gut.

403
00:12:00,880 --> 00:12:01,160
Yeah.

404
00:12:01,160 --> 00:12:03,000
If something sounds too good to be true.

405
00:12:03,000 --> 00:12:03,920
It probably is.

406
00:12:03,920 --> 00:12:04,920
It probably is.

407
00:12:04,920 --> 00:12:06,760
So be skeptical.

408
00:12:06,760 --> 00:12:07,800
Be curious.

409
00:12:07,800 --> 00:12:09,200
And be informed.

410
00:12:09,200 --> 00:12:11,200
Great advice.

411
00:12:11,200 --> 00:12:13,200
Well, that's all the time we have for today.

412
00:12:13,200 --> 00:12:13,680
All right.

413
00:12:13,680 --> 00:12:14,920
I know it flew by.

414
00:12:14,920 --> 00:12:16,920
Thanks for joining us for this deep dive

415
00:12:16,920 --> 00:12:18,440
into the world of music and money.

416
00:12:18,440 --> 00:12:19,640
It's been fun.

417
00:12:19,640 --> 00:12:22,800
Until next time, keep learning, keep questioning,

418
00:12:22,800 --> 00:12:34,320
and keep the music playing.