Earn More Freelance Writing w/ Dragon

Today, I’m proud to feature a guest blogger on Penny for my Thoughts on Dragon Naturally Speaking. I would like to add, anecdotally, that the Dragon speech recognition software is one I have a soft spot for, as classmates from middle school were used in the development of the software. Nuance is allowing us to offer our readers a 25% Discount Coupon CODE Exclusive for Dragon Naturally Speaking, but you must click the image below and use this code (DNSMSBG) Together. Code will not work from other sources. Get Dragon Naturally Speaking using Discount code DNSMBG

This is an excerpt from a white paper discussing how bloggers can earn more money through several different monetization and freelance writing services. It shows that bloggers that utilize Dragon Naturally Speaking can earn more money through these various services and how fast these extra earnings will pay for the software itself.

Dragon Naturally Speaking 10 Blogger Break Even Analysis with TextBroker.com Earnings

I would like to walk you through several different scenarios to help all of us understand better what our words are worth.
I would like to start first by talking about a company that pays people to write. They pay them to write based on the number of words that are written. The company is called text broker.com and they are out of Germany and relatively new. I’m starting with TextBroker.com because the business model is very simple. The models will get more complex as I go through some of the other popular blog revenue sources.

Text broker.com will pay a person approximately 7/10 of a cent for a single word. They charge their customers approximately 1 penny per word. And they sell this service at increments starting at 100 words and go up from there.
That’s what they do; now let’s see how Dragon Naturally Speaking can pay for itself!
So, I’d really like to talk about how much you can earn from them based on how fast you type.
If you type 35 words per minute, and you typed for 50 minutes straight, you could theoretically type 1750 words.
Now at seven tenths of a penny per word, that work would be $12.25 per hour assuming that you take a ten minute break every hour. If you work four hours a day doing this, that would be forty-nine dollars per day.
If you could type 105 words per minute, that would be 5250 words in a fifty minute period of time. At that rate, you would earn $36.75 per hour assuming the same ten minute breaks every hour.

Obviously you can earn more if you can type faster.
If you could type 150 words per minute, then under this formula you could earn $52.50 per hour. That’s almost 5 times more than you can earn if you type thirty-five words per hour.
So in this example there is definitely a value in typing faster!
There is a cost associated with being able to type as fast as well. You could go and take a typing class and learn how to type 150 words per minute. That might take you many months of school, and many years of practice.
It’s also possible, that you may never be able to achieve that speed with your fingers.
Alternatively, you could buy Dragon NaturallySpeaking and be able to do it before the night was out. Dragon NaturallySpeaking costs $99 for the basic version and $199 for the preferred version.
As I write this, there are coupon code or discount code offers that you can use to save more money off that price. The coupon codes vary from $25-$50 off the price. Typically a bigger discount is offered for the preferred version, which I use myself.
Now in our example, if you bought Dragon NaturallySpeaking for ninety-nine dollars, and you did not use the coupon code to save twenty-five dollars, you would be able type 150 words per minute, and if you could previously type 35 words per minute, then based on the extra money that you could earn by typing faster, you would be able to pay for Dragon NaturallySpeaking in less than three hours of work using textbroker.com.
It kind of seems like a no-brainer. In many ways, it is a no-brainer with one exception. Not everybody writes for textbroker.com.
If you consider how much additional money you might earn by using Dragon NaturallySpeaking, and consider how much more work you could do by being able to type at 150 words per minute, then you might be able to figure out how long it will take you to pay off the software with your earnings.
I will cover a number of other situations, which will highlight this using other examples where people that typically write a great deal, could benefit from using Dragon NaturallySpeaking.
If you have an example that you would like to share, please let me know, and I will be more than happy to share it with everyone.

The full white paper can be read here
25% off Dragon Naturally Speaking 10 Standard