7 Side Hustles Students Can Start In 2024

Summary

This video script debunks the myth that a university degree guarantees high-paying jobs and instead encourages young people to explore side hustles. It highlights seven profitable ventures, including social media content creation, investing, Discord server management, online coaching, AI animation, luxury item reselling, and online writing. The speaker rates each idea on factors like learning curve, initial investment, and potential monthly earnings, sharing real-life success stories to inspire viewers to diversify their income streams.

Takeaways

• 🎓 The belief that a university degree guarantees a high-paying job is a common misconception reinforced by outdated perspectives.
• 📚 While studying can be beneficial, it should not be solely relied upon for financial success; a well-rounded approach is recommended.
• 💡 Encouraging students to start side hustles can lead to significant growth and financial opportunities in the future.
• 🤑 Side hustles can transform into multimillion-dollar businesses, as experienced by the speaker.
• 📱 The first side hustle idea involves creating short-form content on platforms like Snapchat, with potential for substantial earnings.
• 💸 Social media platforms are in fierce competition for user attention, offering lucrative payouts to content creators.
• 📈 Investing, though not traditionally a side hustle, can be a powerful wealth-building tool with consistent strategy over time.
• 🤝 Discord server management offers a growing market for those skilled in community building and tech-savvy operations.
• 🏋️‍♂️ Online coaching, particularly in fitness, has become a lucrative field, with the ability to work remotely and offer personalized service.
• 📊 AI animation is an emerging field with vast potential, as businesses seek to leverage technology for creative content.
• 👜 Reselling luxury items online taps into a growing market, especially among millennials and social media influencers.
• ✍️ Online writing is a versatile side hustle requiring minimal investment but high skill in crafting compelling content.

Q & A

What is the main argument presented in the video script regarding the belief about university education and job prospects?

The script argues that the belief that attending university guarantees a high-paying job is a myth that is no longer true in the current times. It suggests that while education can be valuable, relying solely on a degree for wealth is not the right approach.

What does the speaker propose as an alternative to relying solely on a university degree for financial success?

The speaker proposes starting a side hustle while studying, which has the potential to grow into something much bigger and more profitable in the future.

Can you explain the concept of 'faceless short form content' mentioned in the script?

The concept of 'faceless short form content' refers to creating content on social media platforms like Snapchat, Instagram, or TikTok without showing one's face. Daniel Bitton is cited as an example, who earns significant income by creating such content.

What is the significance of the competition among social media platforms in the context of content creation?

The competition among social media platforms for user attention has led them to invest in content creators through financial incentives. This presents an opportunity for creators to earn money by producing engaging content.

How does the speaker rate the difficulty of making a thousand dollars per month through social media content creation?

The speaker rates it as a one out of five, indicating that it's relatively easy to achieve this income level if one can create original and engaging content that attracts viewers.

What is the speaker's perspective on investing as a side hustle?

The speaker views investing as a valuable side hustle, despite it not being a traditional one. They highlight their own success with a dollar cost averaging strategy and recommend it as a long-term approach to wealth accumulation.

What is the potential earnings potential from investing in the stock market according to the speaker's experience?

The speaker shares that they make around $17,000 per week from investing in the stock market, which they built up over the years using a consistent investment strategy.

What is the role of Discord in the context of side hustles presented in the script?

Discord is presented as a platform that offers opportunities for side hustles, such as building and managing Discord servers for communities and businesses, with Chris Peters as an example who earns a significant income from this.

How does the speaker rate the difficulty of learning to build and manage Discord servers as a side hustle?

The speaker rates it as a two and a half out of five, noting that while basic server management can be learned quickly, mastering more complex features may take longer.

What is the potential income from online coaching according to the script?

The script cites an example of Jack Jefferson, who earns $7,000 a month from his online fitness coaching side hustle, highlighting the potential for significant income in this field.

What is the speaker's advice on how to succeed in online coaching?

The speaker suggests offering personalized services rather than just selling online courses, as people value convenience and are willing to pay for tailored support and expertise.

What are the key skills needed for AI animation as a side hustle according to the script?

The script emphasizes the importance of mastering core animation skills and staying updated with industry networks. It also mentions the use of AI tools like ChatGPT and Midjourney to assist in the creative process.

How does the speaker rate the difficulty of making a thousand dollars per month through AI animation?

The speaker rates it as a two out of five, indicating that with the right skills and early adoption of AI tools, it's relatively feasible to achieve this income level.

What is the potential of the luxury resale market as a side hustle according to the script?

The script highlights the success of Ben Gallagher, who made 7.2 million pounds in 2023 through his luxury resale business, Luxe Collective, indicating the high potential of this market.

What are the challenges associated with reselling luxury items as a side hustle?

The script points out the need to learn how to identify fakes, understand the market, and scout for the best purchases, which requires significant time and effort.

What is the earning potential of online writing as a side hustle according to the script?

The script presents Adam as an example of an online writer who earns over $10,000 a month, indicating that writing can be a lucrative side hustle.

What are the key requirements for success in online writing as a side hustle?

The speaker emphasizes the importance of mastering the art of selling through writing, making connections, and having a high skill with words. They also mention the potential to charge high rates for premium services.

How does the speaker rate the difficulty of learning to write effectively for online writing as a side hustle?

The speaker rates it as a five out of five, noting that writing requires the ability to focus for long periods, a skill that is becoming rare in the digital age.