5 Side Hustles Students can Start in 2024

Summary

In this video, recent IIT Hyderabad graduate Sano shares his journey from a financially struggling student to earning over 30 lakhs through various side hustles. He discusses five lucrative opportunities for students, including private tutoring, marketing and SEO, video editing, graphic design, and content creation, emphasizing the importance of time management and skill development.

Takeaways

• 💼 The speaker, Sano, emphasizes the importance of financial independence and shares his journey from a lower middle-class background to earning over 30 lakhs during college.
• 🏫 Sano suggests that college students should consider side hustles to earn money, acknowledging that these hustles require hard work and dedication.
• 📚 The first recommended side hustle is private tutoring, which Sano explains can be a lucrative opportunity for students with strong academic backgrounds.
• 💡 Marketing and SEO are highlighted as a growing field with a demand for skilled individuals, offering potential earnings of 20-25k per month after gaining expertise and building a portfolio.
• 🎬 Video editing is presented as a valuable skill in high demand, especially with the booming creator economy, and Sano shares his experience and resources for learning this skill.
• 🖌️ Graphic design, including thumbnail creation for social media platforms, is another suggested side hustle with potential for quick earnings and further specialization.
• 📈 Sano stresses the importance of time management and productivity tools like Aif Flow to balance academic responsibilities with side hustles effectively.
• 📈 Content creation is described as a complex but rewarding side hustle that involves multiple skills and can lead to significant income, though it requires consistent effort and passion.
• 📈 Building a portfolio or proof of work is crucial for gaining credibility and securing clients in any side hustle, as demonstrated through Sano's experiences in marketing, video editing, and graphic design.
• 💡 Sano encourages students to explore their interests and skills, and to be persistent in their efforts to build a successful side hustle, even if it means starting with smaller earnings or learning new skills.

Q & A

What was the speaker's financial situation like before college?

The speaker came from a lower middle-class family where the father was a private tutor and was struggling to pay for the speaker's college education.

What were the two clear things the speaker realized at the end of the first semester of college?

The speaker realized the need to make their own money and to do so quickly.

How much income did the speaker earn over the four years of college?

The speaker earned more than 30 lakhs in income over the four years of college.

What is the first side hustle the speaker recommends for students?

The first side hustle recommended is private tutoring, especially for students who are above average in academics.

What is the average monthly charge for tutoring one student according to the speaker?

The speaker suggests that one can easily charge between 3,000 to 6,000 per month for tutoring one student.

What is the second side hustle mentioned in the script?

The second side hustle is marketing and SEO, which involves helping companies and startups with content planning, strategy, and search engine optimization.

What does SEO stand for and why is it important for businesses?

SEO stands for Search Engine Optimization. It is important for businesses to increase their visibility and ranking on search engine results, thereby attracting more potential customers.

What is the third side hustle the speaker discusses and why is it in demand?

The third side hustle is video editing. It is in demand because of the booming creator economy where many want to produce content but lack the necessary video editing skills.

What is the fourth side hustle mentioned and how can it be a quick way to earn money?

The fourth side hustle is graphic design, with a niche focus on thumbnail designs for YouTube and Instagram. It can be a quick way to earn money as there is a high demand for well-designed thumbnails in the creator economy.

What is the fifth and final side hustle the speaker talks about and why is it complex?

The fifth side hustle is content creation, which is complex because it involves a combination of multiple skills such as market research, strategy, SEO, video editing, script writing, and camera presence.

What is the speaker's advice for those who are not passionate about content creation?

The speaker advises that if someone is not passionate about content creation, they should not start it as it requires a lot of dedication. Instead, they can try the other four side hustles mentioned in the script.

What productivity tool is mentioned in the script and how does it help with task management?

The productivity tool mentioned is Aifflow. It helps with task management by allowing easy integration with other tools, providing a universal inbox for tasks, a command bar for quick task addition, and features for reviewing and reflecting on task performance.

What is the special offer for students regarding the productivity tool Aifflow mentioned in the script?

Students can get a 60% discount on Aifflow by using a code provided in the video.