6 Realistic Side Hustles You Can Do Remotely in 2024

Summary

This video outlines six lucrative side hustles for remote work, emphasizing the importance of pursuing multiple income streams. It suggests starting with activities you love and excel at, and that people are willing to pay for. The hustles include direct response copywriting, virtual assisting, options trading, content creation, video editing, and bookkeeping. Each is explored for its potential earnings, skills required, and how to get started, with tips on building a client base and leveraging one's talents for financial independence.

Takeaways

• 💼 **Job Security Concerns**: The video emphasizes that relying solely on a job for income is risky, as seen with mass layoffs during the COVID-19 pandemic.
• 🌐 **Remote Side Hustles**: It encourages finding side hustles that can be done remotely to ensure income stability and flexibility.
• 💡 **Finding the Right Side Hustle**: The presenter suggests choosing a side hustle based on three criteria: passion, skill, and market demand for the service.
• ✍️ **Direct Response Copywriting**: One suggested side hustle is copywriting, specifically direct response copywriting, which businesses pay well for.
• 📈 **High Earning Potential**: The video mentions that top-tier copywriters can earn significant income, even profit-sharing from sales generated by their work.
• 📚 **Learning Resources**: It recommends books like 'Influence' by Robert Cialdini and courses from successful copywriters to learn the craft.
• 🔍 **Understanding Psychology**: A successful copywriter should understand human psychology to create compelling content.
• 📝 **Building a Portfolio**: For copywriting, starting with a portfolio showcasing skills is essential, even if it's just personal work initially.
• 📧 **Outreach for Clients**: The video advises cold outreach to potential clients, tailoring pitches to show understanding of their business.
• 💻 **Virtual Assistant**: Another side hustle proposed is being a virtual assistant, offering support services to businesses and entrepreneurs.
• 📊 **Specialization**: It highlights the importance of specializing in certain skills or software to stand out as a virtual assistant.

Q & A

What is the main message of the video?

The main message of the video is the importance of having a side hustle, especially one that can be done remotely, to create multiple income streams and reduce dependency on a single job.

What are the three criteria one should consider when choosing a side hustle?

The three criteria are: 1) What you love doing, 2) What you are really good at, and 3) What people will actually pay good money for.

What is direct response copywriting and why is it important?

Direct response copywriting is a specific type of writing used by businesses to drive customers to take a certain action. It's important because it directly impacts revenue, and businesses are willing to pay well for effective copywriters.

How much can one expect to earn as a direct response copywriter?

Earnings can vary widely, but the video mentions rates of $100 an hour for part-time work, project fees of $8,000 to $112,000, and even profit share percentages for top-tier copywriters.

What resources are recommended for learning direct response copywriting?

The video recommends starting with books like 'Influence' by Robert Cialdini and learning from top copywriters, with a specific mention of an online course by Sarah, the copywriter behind a $400 million sales page.

What skills are necessary for being a successful virtual assistant?

Skills necessary include being detail-oriented, a good communicator, highly organized, and tech-savvy.

How can one get started as a virtual assistant?

The video suggests starting with an agency to gain experience and clients, then transitioning to direct work with clients and building a reputation through word of mouth.

What is options trading and how can it be used as a side hustle?

Options trading involves buying and selling options to make a profit. As a side hustle, it allows for generating consistent income without needing clients, using a strategy called high probability spread trading.

How much can one expect to earn from options trading as a side hustle?

The video mentions that the speaker personally makes up to $1,000 a month with less than an hour a week of work.

What are the different ways content creators can monetize their content?

Content creators can monetize through platform payouts, affiliate income, and brand deals.

What skills are required to be a successful content creator?

A successful content creator needs to enjoy brainstorming content ideas, understand human psychology to engage viewers, and be creative.

How can one get started as a video editor?

One can start by building a portfolio showcasing their editing skills, specializing in a specific type of video editing, and finding clients through platforms like Upwork or by directly approaching businesses.

What is bookkeeping and why is it a viable side hustle?

Bookkeeping involves doing basic accounting for small businesses to help them keep accurate financial records. It's a viable side hustle because businesses always need to file taxes and manage their finances.

How can one find clients as a bookkeeper?

One can find clients by creating a strong profile on freelance platforms, specializing in a specific accounting software, or approaching small businesses directly.