Realistic side hustles for an extra $500 - $1000 a month
Summary
TLDRThis video script offers practical advice on side hustles to earn an extra $500 to $1,000 monthly. It categorizes opportunities into digital and traditional, highlighting online teaching, video editing for short-form content, and social media management as digital options. For those preferring offline work, it suggests equipment rental, car sharing, and parking space rental. The script emphasizes the potential for substantial income with the right skills and platforms, providing examples and resources to get started.
Takeaways
- đ The video discusses realistic side hustles that can help individuals earn an extra $500 to $1,000 a month.
- đ Online teaching and tutoring have become popular and offer global reach, allowing tutors to teach students worldwide.
- đ« There are various accreditations like TEFL that can help online tutors stand out and teach a wide range of subjects, from mainstream to niche.
- đ» Platforms such as Varsity Tutors, Tutor.com, Tutorful, and MyTutor connect tutors with students, and Udemy allows selling courses.
- đšâđ« Beginners in a subject can be effective teachers for other beginners, overcoming imposter syndrome and focusing on basic understanding.
- đ° Tutors can set their own rates, typically ranging from $20 to $100 per hour, and have the flexibility to fit tutoring into their schedule.
- đš Creative individuals can make money by editing short-form content, which is in high demand for growing audiences on platforms like TikTok and Instagram Reels.
- đ€ AI tools can assist in creating short-form content, making the process more efficient and potentially allowing for higher earnings.
- đźââïž Online community members can earn money as moderators for Discord servers, forums, and other platforms, with rates around $10 to $20 per hour.
- đ± Social media management is a scalable side hustle, where one can start by managing a single account and grow to handle multiple clients' social media needs.
- đ Virtual assistants are in high demand as businesses move away from physical offices, offering tasks from scheduling to social media management with average pay of $15 to $50 per hour.
- đ Transcribing audio into text is a consistent demand for businesses, researchers, and journalists, with platforms like Rev and Take Note offering opportunities for transcribers.
- đ Equipment rental is a way to monetize unused items by listing them on platforms like Fat Llama and ShareGrid, providing insurance coverage and earning potential.
- đ Car owners can rent out their vehicles through apps like Turo, especially if they are not frequently used, to generate additional income.
- đ żïž Renting out parking spaces through platforms like JustPark and Spot Hero can be a lucrative side hustle, especially in densely populated cities with high parking demand.
Q & A
What is the main topic of the video script?
-The main topic of the video script is discussing realistic side hustles that can help people make an extra $500 to $1,000 a month.
Why might someone be interested in making an additional $500 to $1,000 a month?
-Some people might be interested in making an additional $500 to $1,000 a month to supplement their current salary, work alongside their day job, or to have extra income for personal needs or savings.
What are the two categories of side hustles mentioned in the script?
-The two categories of side hustles mentioned in the script are digital and online related stuff, and the more traditional category which requires going outside.
How has online teaching and tutoring gained popularity according to the script?
-Online teaching and tutoring has gained popularity due to its global reach, allowing tutors to teach students from anywhere in the world, and the potential to earn a substantial income.
What accreditations are mentioned in the script that can help online tutors stand out?
-TEFL is mentioned in the script as an accreditation that can help online tutors stand out from the crowd.
What is the advantage of being a beginner in a subject when it comes to teaching others?
-The advantage of being a beginner in a subject when it comes to teaching others is that it's easier to relate to and teach another beginner, as experts might find it hard to go back to basics and teach someone just starting to learn.
What is the potential earning range for online tutoring mentioned in the script?
-The potential earning range for online tutoring mentioned in the script is from $20 to $100 per hour.
What is the role of a virtual assistant according to the script?
-According to the script, a virtual assistant provides administrative and other assistance to clients completely remotely, which can include scheduling appointments, managing emails, creating presentations, and managing social media accounts.
How can someone make money by renting out their equipment or parking space?
-Someone can make money by renting out their equipment or parking space through platforms like Fat Llama, ShareGrid, JustPark, or Spot Hero, where they list their available items or spaces for others to rent.
What is the process of transcribing audio and how much can one earn doing it?
-Transcribing audio is the process of converting audio files into text. One can earn around $1 per audio minute doing this, as mentioned in the script with platforms like Rev and Take Note offering opportunities for transcribers.
What is the potential income for social media management as a side hustle?
-The potential income for social media management as a side hustle can range from $500 to $1,000 a month, or even upwards of $5,000 per month for more experienced managers, as stated in the script.
What is the purpose of the AI tools mentioned for video editing in the script?
-The AI tools mentioned for video editing in the script, such as Filmora's AI text to video tool, AI music generator, AI co-pilot, and AI thumbnail editor, are designed to make the video editing process faster, more efficient, and easier for users, even those who are beginners.
Outlines
đ Realistic Side Hustles for Extra Income
The speaker acknowledges the unrealistic claims of making large sums of money online and instead focuses on practical side hustles that can generate an extra $500 to $1,000 a month. They categorize these into digital and traditional opportunities. The digital category includes online teaching and tutoring, which has seen a surge in popularity and offers global reach, allowing tutors to connect with students worldwide. The speaker suggests that even beginners can teach others who are only a few steps behind them. They also mention various platforms for finding tutoring clients and the potential to earn a substantial income. The speaker then discusses the growing demand for short-form content creation, like TikToks and Instagram Reels, and how this service can be monetized by offering it to busy content creators. They recommend platforms like Fiverr and freelancer.com for listing these services and even suggest using AI to assist in content creation.
đŹ Creative Side Hustles and Tech Tools
The speaker discusses the benefits of using video editing software like Filmora 13 for creating short-form content and how it can be a time-saver for creators. They highlight the software's AI features, such as text-to-video, music generation, and editing suggestions, which can streamline the video creation process. The speaker also mentions the potential to earn income by offering Discord and forum moderation services, especially for those who are active in online communities. They provide an example of how they personally pay for short-form video editors and introduce the idea of social media management as a scalable side hustle, where one can manage social media profiles for businesses and creators. Lastly, they touch on the role of virtual assistants and how the shift to remote work has increased demand, with platforms like Zirtual and Fancy Hands connecting virtual assistants to clients.
đ Traditional Side Hustles and Passive Income Streams
The speaker explores traditional side hustles, starting with audio transcription services, which involve converting audio files into text. They note that this service is in demand by various professionals who lack the time to transcribe their content manually. The speaker suggests using AI platforms for transcription and mentions Rev and Take Note as popular platforms for finding transcription work. They also discuss the concept of renting out unused equipment through platforms like Fat Llama and ShareGrid, which can generate passive income without the need for specialized training or equipment. The speaker shares a personal anecdote about a video producer who turned equipment rental into a full-time business, highlighting the potential of this side hustle. Additionally, they mention services like Turo for renting out cars and JustPark and Spot Hero for renting out parking spaces, emphasizing the growing popularity and profitability of these options.
đ Wrapping Up Realistic Side Hustle Opportunities
To conclude the video, the speaker reiterates the goal of presenting realistic side hustles that most people can learn or already know how to do. They encourage viewers to follow them on Instagram and Twitter and to subscribe for more content. The speaker hopes that the viewers have enjoyed the video and found the information on side hustles useful for earning an extra $500 to $1,000 a month.
Mindmap
Keywords
đĄSide hustles
đĄOnline teaching and tutoring
đĄGlobal reach
đĄAccreditations
đĄShort form content
đĄFiverr
đĄDiscord and Forum Moderation
đĄSocial media management
đĄVirtual assistants
đĄTranscribing audio
đĄEquipment rental
Highlights
Realistic side hustles for making an extra $500 to $1,000 a month.
Categories of side hustles: digital/online and traditional/offline methods.
Online teaching and tutoring offer global reach and flexible schedules.
Accreditations like TEFL can help tutors stand out.
Platforms for finding tutoring clients: Varsity Tutors, tutor.com, Tutorful, MyTutor, and Udemy.
Even beginners can teach others who are just a few steps behind them.
Video editing for short form content, like TikToks and Instagram Reels, is in high demand.
Platforms for listing video editing services: Fiverr and freelancer.com.
Using AI tools to assist with video editing, such as Filmora 13.
Moderating online communities, such as Discord and forums, can be a lucrative side hustle.
Social media management is a scalable side hustle, helping businesses manage their online presence.
Virtual assistants provide remote administrative support, earning $15 to $50 per hour.
Transcribing audio files to text is a high-demand task, with platforms like Rev and Take Note offering opportunities.
Renting out unused equipment, like cameras and lawnmowers, through websites like Fat Llama and ShareGrid.
Renting out personal vehicles through Turo can generate extra income.
Renting out parking spaces through platforms like JustPark and Spot Hero, especially in densely populated cities.
Transcripts
So you see it everywhere on YouTube,
make $1,000,000 a year,
make a hundred grand a month or whatever it is,
even I'm guilty of it.
You know, I'm making videos where
I'm making like ten, $20,000 a month or whatever it is.
However, for a lot of people, that's just not very realistic.
Some people just wanna make an extra $500, $1,000 a month,
maybe alongside their current salary
or whatever it is, alongside their day job.
So I wanted to cover some side hustles that are actually realistic
and can help you make an extra 500, maybe $1,000 a month.
Before we get into it, please subscribe to my news letter
if you haven't already.
I share links to interesting things, experiences, stories.
Just anything I find interesting.
I share it once a month.
Make sure to check it out.
I've split this video into two different categories of side hustles,
digital and online sort of related stuff.
Stuff that you can do from home, on the computer or whatever.
And then the more traditional category,
things that actually require you to go outside.
First up, we have online teaching and tutoring,
and this has gained tremendous popularity in recent years.
And the potential to earn substantial income is real.
One of the big advantages of online teaching tutoring
is that you are not limited to your immediate location.
A tutor in Boston can easily teach a student in London.
Because of this global reach,
it now ensures that your pool of potential students is endless.
With more than 7 billion people in this world,
you are bound to have a group of people who are willing
to pay for your expertise in a particular subject or field.
There are a number of different accreditations available,
such as TEFL, which can help you stand out from the crowd.
You can find tutors and teachers
across all different subjects and disciplines
from the mainstream academic subjects
like maths and science, to more niche stuff
like maybe digital photography, UI design.
Yeah, there are just so many different things
that you can teach online.
There are many different platforms that you can use to find clients
and offer your expertise.
In the US, there are websites such as Varsity Tutors and tutor.com
And for people in the UK, you have options like Tutorful and MyTutor.
You can even sell your services on websites like Udemy.
All you need is proficiency in a particular subject
and you can start tutoring.
Another thing which I always say to other people is that
if you feel like you're a beginner in learning something,
you are actually the perfect person to teach another beginner.
Because sometimes when someone knows a lot about a subject,
it's hard for them to go back to the basics
and understand the basics and teach someone who's just learning.
So if you're a beginner, don't worry about imposter syndrome.
The best person for you to teach
is someone who's only a few steps behind you.
The great thing is you can also set your own rates and schedule.
Rates often range from $20 to $100 per hour,
and because of the flexibility,
you can fit it into your schedule as you please.
As well as being a good option from a monetary standpoint,
it can also just be incredibly rewarding
teaching someone something that could potentially change their life
and make it better.
I think to myself, what I could personally teach someone
the sort of skill sets that I have
and the ones that I have off the top of my head are UI design,
I could teach people how to design apps and stuff like that.
Website creation, how to make websites
depending on their expertise levels,
videography and video editing.
Of course, I have a lot of experience in that field,
I do it for my YouTube channel,
and then photography.
I love photography.
I do it in my free time and I also I do it commercially for brands.
Those are just a few of the skills that I have,
but a lot of people have a lot of skills that they don't realise,
so there's lots of different ways to make money here.
As long as you have some sort of skill, it can be quite basic.
You don't have to be super smart or anything.
I think you can teach another person that skill and make money from it.
Next up is one for all of my creative friends out there.
So if you have any sort of skill in video editing,
this is the perfect option for you.
I've mentioned it before in the channel
and that's short form content.
Making short form content
out of basically anything and everything.
You don't even need to be the best at it.
You just need to be able to turn people's longform content
into something more digestible.
Companies and other creatives are always looking for solutions
to grow their audience,
and in the current landscape, short form content
like TikToks and Instagram Reels are some of the best ways to do it.
And you will notice that a lot of people
are actually looking for this service.
They're already so busy with their work, running their business,
or whatever it might be,
that if someone came along
and made their lives easier
then they would most likely be happy to pay for that service.
A way to monetise this could be to create
some short form content for maybe some YouTubers
send it to them as an example of the work that you can do
and if they like it, you can then offer your services going forward.
But what's important here is that you're making Shorts
that actually look good,
because anyone can make Shorts.
But the whole point is that you have some sort of skill,
you know what looks good,
you know what sort of Shorts can do well,
and then offering that to a big creator,
offering those services and being able to show that,
"Hey, look, I can make Reels is better than anyone else."
Yeah, that's a good way to get their attention.
Platforms such as Fiverr and freelancer.com
are also good options
where you can list your skills,
where you can list yourself,
and hopefully, get some clients that way too.
Heck, you could even take it a step further and use AI
to create the Shorts for you.
All you need to do is to provide the AI platform
with the long form content,
do a few tweaks here and there,
and send it back to the client in a nicely packaged format.
You could easily charge $500 to $1000 a month doing this.
It totally depends on the quality of your work and your output.
I'm actually currently already paying a couple of Shorts editors
$500 a month to make Shorts for my channels,
so I know that for someone like me,
it's just such a big time saver
and it's definitely going to be a big time saver
for a lot of other creators out there.
Now you're probably thinking,
"Oliur, I can't just learn how to edit video."
Well, that's where Filmora comes in,
it's about to make your life a lot easier.
And it's recently had a huge update to Filmora 13,
adding a bunch of new features and AI tools.
Filmora is a video editing software
that is easy to use and packed with features
it's perfect for creating amazingly crafted
and professional looking videos
without having to learn complex video editing software.
You can start off your video with the AI text to video tool.
Simply typing your script and AI text video
will automatically generate a video for you.
It's literally creating a video from scratch.
Next, you'll need some music,
you can use Filmora's AI music generator,
which adds royalty free music that's tailored to your video,
just select the mood and genre you want.
And you have just saved yourself hours
in needing to look for the right royalty free music.
Next is time to use the AI co-pilot, the personal smart assistant
that helps you edit your videos faster and more efficiently,
it can automatically analyse your footage and suggest edits
such as trimming clips, adding transitions,
and adjusting colours.
Finally, depending on the platform your video may live on,
you might need a thumbnail.
The AI thumbnail editor can help you create
eye catching thumbnails for your videos in seconds.
Just upload your video and AI thumbnail editor
will automatically generate a variety of thumbnails
for you to choose from.
With Filmora 13 you have the creative freedom
and ease to make stunning videos for YouTube,
TikTok and beyond.
It's perfect for beginners.
But also has advanced tools for pros.
No more complex editing software,
with just a few clicks,
you can create amazing content.
So make sure to check out Filmora.
I'll leave a link to it down in the description below.
Discord and Forum Moderation.
So for those of you who are part of an online community,
this could be a great option for you.
Whether you're a gamer or a sports fan,
or just some sort of diehard fan of something,
you are most likely able to find
some sort of engaging communities online,
whether it be on discord, on some forum websites.
For example, I'm a big Apex Legends player and Overwatch player.
I'm part of both of those communities on Discord.
And of course, there's lots of moderators on there
making sure that those Discords run smoothly.
If you're a person who really enjoys being part of those communities.
It only really makes sense to maybe go
to whoever owns the Discord server or community
or forum or whatever it might be, and be like,
"Hey, I'd like to help you manage this Discord server
or this forum, wherever it might be for a fee every month,
so you don't have to worry about it too much."
And it's a great way just to do it
maybe at times where they can't do it,
where maybe they're offline
and they need someone to manage their service for them.
Rates can of course vary,
but generally you're looking at around 10 to $20 per hour.
I know that in the crypto space, for instance,
some Discord servers are paying their moderators over $3,000 per month.
Responsibilities usually include enforcing community rules,
blocking spam, keeping the community engaged
and providing a safe space for members.
Next up is social media management.
And this is another great one
for anyone who is in the creative space and just love social media.
So if you can take out the thought process of having to manage
social media accounts and do content,
then people and businesses will most certainly pay you for that.
The great thing with this method is that it is very scalable.
You could just start off managing an Instagram account
for maybe one local business and then over time you could do
other parts of the business
and then you can get other clients doing their stuff as well.
It can really scale quite easily.
Some social media managers can make upwards
of $5,000 per month.
But then, of course, if you do that, you're making a full time job.
As long as you keep it small,
I wouldn't be surprised if you could make maybe $500, to $1,000 a month.
Just managing social media profiles for creators, for businesses,
and just anyone else who has social media
that they use to basically promote their business.
The services that you offer can really range from posting daily
for these businesses all the way to actually creating content
for them and doing some of their strategy.
It really just depends on your skills
and how much time you can offer
and what exactly that particular business is looking for.
I think what's most important about this one
and the way you market it to a potential client
is that you tell them,
"Look, I will manage your Instagram profile for you.
I will say for this many hours, this much time, and I've also done it before."
If you have experience, that is,
"I've also done it before for other businesses, this is what I can do."
The idea of them saving time and growing their profile
without having to do anything themselves,
that is the way you market that idea.
That is the way you make money.
That also leads us well into virtual assistants,
which very much do a similar sort of thing.
With a lot of businesses now moving away from physical office locations.
The demand for virtual assistants has really skyrocketed.
Virtual assistants provide administrative
and other assistance to clients completely remotely.
Tasks can range from scheduling appointments and managing emails
to creating presentations and managing social media accounts
like I mentioned earlier.
Sites like Zirtual and Fancy Hands in the US
or the Virtalent and Moneypenny in the UK
help connect assistants to clients
and the average pay is around $15 to $50 per hour.
If you have a few free hours in a day and are able to manage
different things at once, then this could be ideal for you.
The great benefit of this is that you could manage
multiple clients at once and do it from the comfort of your own home.
Next up, we have at transcribing audio.
And transcribing audio is the process of basically
just taking audio files and then converting them into text.
Many businesses, researchers, journalists, podcasts
and individuals need audio content transcribed,
but they just don't have the time to do it themselves.
This creates consistent demand for audio transcribers.
You also don't need specialised training or equipment.
The main requirements are having strong listening skills
fast and accurate typing
and proficiency, of course, in grammar to transcribe clearly.
To be fair, you could even just use
an AI platform to do the transcribing for you
and no one would really know the difference
as long as of course you check the work
to make sure that it's accurate.
Rev is a platform that's popular worldwide
and is also Take Note,
which is UK based service, which offers tons of opportunities
for transcribers depending on the complexity.
You can earn around $1 per audio minute.
I actually pay someone to do exactly this for my YouTube videos.
I have someone make all of the subtitles
for all of my YouTube videos,
and I pay them to make those subtitles
because obviously, I don't really have time
to type out every single word that I said.
Because some of the things that I say, like this,
are just off the cuff.
I'm not reading a script or anything like that.
So yeah, I actually need someone there
to write that out for me,
so that you guys who maybe can't hear the video,
who aren't listening to audio,
can actually read what is on screen.
Now onto category two,
where we're covering more offline methods,
more traditional methods of making a bit of extra money.
Equipment rental.
It's not uncommon to have things sitting empty, not used, gathering dust.
Be that a camera
that you took on a family trip last year or something,
or a ladder that you only use every so often,
these are just sitting there, not really being used.
Why not rent it out?
Websites like Fat Llama,
which is popular in the US and the UK,
and ShareGrid, allow you to list the items that you have
and then other people can actually rent them from you.
This could range from camera and lighting equipment
all the way to vacuum cleaners and lawnmowers.
The main benefit to all of these platforms
is that the customer, the person who's renting your stuff,
then doesn't have to spend thousands of dollars,
whatever it is, to buy that particular piece of equipment
when they could rent it for a 10th of the cost.
These platforms also offer insurance coverage
so that you don't have to worry about
any of your stuff getting stolen or damaged.
Depending on the items value and the demand for it,
this can actually be a great way to earn some extra income.
A good example of this is actually my video producer,
my video producer who works for me.
He started out by putting one camera and a lens on Fat Llama,
which is one of the UK's biggest equipment rental websites.
What started for him as a little thing,
where he was just renting his camera,
has now turned into a full blown business
and has actually allowed him to quit his full time job in finance.
It also helps supplement his income
when he started his journey in becoming a freelance creator.
They actually used to have a leaderboard on Fat Llama
and you could see how much people were making.
Some people were making over $6,000 per month.
So yeah, these sorts of websites,
these sort of rental websites
where you can rent out things that you already have valuable
that are sitting around not being used.
This is a great way to make some extra income each month.
Another service that some people might have heard of is Turo,
where you can rent out your car.
So maybe you have a car or maybe you work from home mostly
and you don't really use your car much,
you can actually rent out your car on an app like Turo.
Maybe you just have a car that's not being used
that you don't drive all the time.
Renting that thing out and having it basically pay for yourself
is such a great way to make some extra money.
Parking space rental.
So this is actually becoming really popular nowadays
and it's something that I've even used myself in the past,
as I'm sure a lot of you who live in densely populated cities know,
that finding good parking is not easy whatsoever.
It's also just really expensive, especially in somewhere like London,
where you could be paying ÂŁ10 an hour just to park somewhere,
which is just outrageous.
Since there are lots of people in a place like London,
where maybe they have a house or apartment,
they have a parking spot,
but they don't have a car because they don't need one,
they commute everywhere.
This is a great way for them
to then rent out their parking spot
to someone else who might need it.
The best platforms I found for this are JustPark in the UK
and Spot Hero in the U.S.
They allow you to post some photos,
list a description of the parking spot,
and the platform would do the rest.
It's basically like Airbnb, but for parking spots.
Depending on the location,
some spots can be an absolute goldmine,
especially during events or peak times,
and this is where I actually use it.
So sometimes when I wanna go watch Arsenal at the Emirates,
parking for a place like that can be an absolute ballick.
So I'll use a service like this to find parking nearby,
to find a parking spot, bay or whatever,
and I'll park there for that time where I'm going to watch the match.
And for something like that,
I'm usually paying around ten or ÂŁ20 for only a couple of hours.
You can, of course, set your own rates on these platforms
and charge per hour or per day,
depending on what you prefer.
You may even find that someone might work close by to you.
Maybe the office is near to where you live,
where you have your parking spot
and they end up just renting your spot on a regular basis.
Maybe you could work out some deal with them
to then make a bit of extra money by doing that.
And that is it.
Some ways to make an extra $500 to $1,000 a month.
I wanted to make them realistic,
things that most people can either learn to do
or just most people can do already.
So yeah, hopefully, you guys enjoyed this video.
Follow me on Instagram and Twitter.
And subscribe for more.
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