6 Realistic Side Hustles You Can Do Remotely in 2024
Summary
TLDRThis 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
- πΌ **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.
- π **Remote Side Hustles**: It encourages finding side hustles that can be done remotely to ensure income stability and flexibility.
- π‘ **Finding the Right Side Hustle**: The presenter suggests choosing a side hustle based on three criteria: passion, skill, and market demand for the service.
- βοΈ **Direct Response Copywriting**: One suggested side hustle is copywriting, specifically direct response copywriting, which businesses pay well for.
- π **High Earning Potential**: The video mentions that top-tier copywriters can earn significant income, even profit-sharing from sales generated by their work.
- π **Learning Resources**: It recommends books like 'Influence' by Robert Cialdini and courses from successful copywriters to learn the craft.
- π **Understanding Psychology**: A successful copywriter should understand human psychology to create compelling content.
- π **Building a Portfolio**: For copywriting, starting with a portfolio showcasing skills is essential, even if it's just personal work initially.
- π§ **Outreach for Clients**: The video advises cold outreach to potential clients, tailoring pitches to show understanding of their business.
- π» **Virtual Assistant**: Another side hustle proposed is being a virtual assistant, offering support services to businesses and entrepreneurs.
- π **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.
Outlines
πΌ The Importance of Side Hustles
The paragraph emphasizes the need for having a side hustle due to job insecurity, exemplified by mass layoffs during the COVID-19 pandemic. It suggests finding a side hustle that aligns with one's passion, skill, and market demand. The speaker introduces the concept of direct response copywriting as a lucrative remote side hustle, explaining its significance in driving customer action and business revenue. The potential earnings range from a substantial hourly rate to high project fees, and even profit-sharing for top performers. The speaker shares personal experiences of hiring copywriters and recommends starting with books on persuasive communication and learning from industry leaders.
π₯ Becoming a Virtual Assistant
This paragraph discusses the role of a virtual assistant, which involves providing remote support in various fields like tech, operations, administration, or creativity. It highlights the growing demand for such professionals due to technological advancements and busy lifestyles. The speaker outlines the qualities required to be a successful virtual assistant, such as attention to detail, communication skills, and technical proficiency. The paragraph also offers advice on how to start, suggesting specializing in certain software or skills to stand out and recommending VA agencies as a starting point to gain experience and clients.
π Options Trading as a Side Hustle
The speaker introduces options trading as a side hustle that can be done independently to generate a consistent income without relying on clients. They explain the concept of options, including call and put options, and contrast it with stock trading, highlighting the potential for consistent profits through a specific strategy called high probability spread trading. The speaker shares their personal experience of earning up to $1,000 a month with minimal time investment and recommends a Master Class for further learning. The paragraph also touches on the intellectual stimulation and emotional management required for success in options trading.
π₯ Content Creation and Monetization
This paragraph focuses on content creation as a side hustle, where one can create videos, photos, and other content on platforms like YouTube, TikTok, Instagram, and Snapchat. It discusses various monetization methods, including platform payouts, affiliate income, and brand deals. The speaker shares their own experiences and those of others, like Charlie Chang, who earns a significant income through affiliate marketing. The key to success in this field is understanding audience engagement and human psychology to create compelling content. The speaker also suggests starting with a strong portfolio and specializing in editing for specific platforms or content types to build a clientele quickly.
βοΈ Video Editing as a Lucrative Side Hustle
The paragraph discusses the growing demand for video editors due to the prevalence of online video consumption and companies' reliance on video marketing. It outlines the potential earnings and the importance of having a strong portfolio to attract clients. The speaker shares personal experiences of hiring video editors and suggests specializing in editing for specific platforms or content types, such as YouTube or direct response videos, to stand out. The key skills for a video editor include having a visual mindset, meeting deadlines, and staying organized.
πΌ Bookkeeping: A Stable and In-demand Side Hustle
This paragraph highlights bookkeeping as a reliable side hustle, emphasizing its importance for small businesses to maintain accurate financial records and prepare for tax season. The speaker shares their own experience as a bookkeeper, mentioning the steady income potential and client retention. They suggest starting by specializing in a specific accounting software or approaching local businesses directly. The skills required for bookkeeping include a knack for numbers, preference for working independently, and the ability to use accounting software effectively.
Mindmap
Keywords
π‘Side Hustle
π‘Remote Work
π‘Direct Response Copywriting
π‘Venn Diagram
π‘Virtual Assistant
π‘Options Trading
π‘Content Creator
π‘Video Editor
π‘Bookkeeping
π‘Portfolio
Highlights
The importance of having a side hustle for financial security and independence.
The three criteria for choosing a successful side hustle: passion, skill, and market demand.
Direct response copywriting as a lucrative remote side hustle.
How businesses value direct response copywriters for driving revenue.
The potential earnings of a skilled direct response copywriter.
The recommended books and courses for learning direct response copywriting.
The necessity of understanding human psychology for effective copywriting.
Strategies for getting clients as a direct response copywriter.
The role of a virtual assistant and the demand for their services.
Skills required to be a successful virtual assistant.
How to get started as a virtual assistant and finding clients.
Options trading as a side hustle for generating consistent income.
The benefits of high probability spread trading in options trading.
Content creation as a side hustle with multiple monetization avenues.
The potential earnings from brand deals as a content creator.
The importance of video editing skills in the digital content era.
The expected growth in employment for video editors and camera operators.
Bookkeeping as a stable side hustle with consistent demand.
The ease of starting a bookkeeping business and acquiring clients.
The potential to earn a substantial income by working as a bookkeeper.
Encouragement to start a side hustle to reduce dependency on a single job.
Transcripts
in this video I'm going to share with
you six side hustles that you can do
remotely look I hate to break it to you
and I'm sure you already know this but
your job doesn't care about you if
business gets difficult like it did
during the covid-19 pandemic when there
were Mass layoffs your job has no
problem letting you go because you're
just a number to them so it's obviously
not smart for you to put all your eggs
in one basket and be fully dependent on
just one income stream your job and so
if there's one thing that you do this
year I want you to get a side hustle and
even better if it's a side hustle you
can do from anywhere on your own time I
want you to figure out which one is best
for you according to these three
criteria one what is it that you love
doing two what is it that you are really
good at and last but not least what is
it that people will actually pay good
money for I know a lot of these side
hustle videos on YouTube are all about
how much money you can make but I
actually kind of disagree with that cuz
of course the money is important but
ultimately if you don't enjoy doing
something or you don't have a natural
kind of talent for it then you're not
really going to ever get to the point
where you can even make that much money
because you'll either get get sick of it
or you're just going to fail so whenever
I coach people on how to make more money
I always take them through this then
diagram and whatever is in that sweet
spot at the intersection of all three is
the side hustle where you're likely to
make the most money and have fun doing
it all right so the first side hustle
that you can do remotely is writing and
more specifically I'm referring to
direct response copywriting direct
response copywriting is a very specific
type of writing that businesses use to
drive customers to take a certain action
so if you've ever bought something on
online or signed up for a free
newsletter it's likely that you read
something written by a direct response
copywriter and that drove you to take
action so going back to that ven diagram
that we talked about earlier is this
something people will pay for and the
answer is definitely yes because think
about it businesses need to drive their
customers to take action and make
purchases the work that direct response
copywriters do is extremely important it
directly impacts revenue and so
businesses will pay top dollar for
really good copywriting and really the
sky's the limit here so for some real
life examples I pay a direct response
copywriter in my business she's on
monthly retainer for $2,000 a month and
that's only for 20 hours of work a week
so that is $100 an hour and I've also
hired direct response copywriters for
more short-term projects and paid a flat
fee of $8,000 to $112,000 for a project
spanning about 3 months and then if
you're really at the top of your game
and you want to make the big bucks I was
recently at a mastermind where one of
the guest speakers was a very in demand
and direct response copywriter she is
most famous for having written a $400
million sales page and so the best of
the best like that they usually actually
charge a profit share percentage of the
sales that directly come from their
direct response copyrighting so I don't
know what percentage she charges as
profit share let's say it's 1% so on a
$400 million sales page you can do the
math in order to succeed as a direct
response copywriter you obviously need
to be good at writing I think you do
need a natural for writing you don't
need to know direct response
copyrighting but at least to have a
sense for how to communicate with words
cuz really if you're good at this you
can turn words into money as for how to
learn direct response copywriting
specifically I recommend starting with
books that teach you how to communicate
persuasively such as influence by Robert
chalini great place to start and if you
really want to take this seriously I
recommend learning from the best of the
best I'll link to the online course that
um Sarah the $400 million sales page
girl that she put together so you can
check that out Below in the description
and then the third piece of the vend
diagram is what you love to do and I
really think to succeed at this is I
think you need to love human psychology
like understanding the emotional
triggers that make people buy and want
to take action as for how to get clients
it's kind of like any sort of side
hustle that you start where you need to
get clients at first you need to put
together a portfolio to show that you
actually know what you're doing and that
you're good and then a lot of it is just
Outreach from there I recommend cold
Outreach where you find a list of
businesses or influencers online that
you admire you read their copy see what
type of content they're putting out and
then send them an email pitching your
services and to really get noticed make
sure you really tailor that email to
their business don't make it some sort
of generic email that you just Mass send
out to a bunch of businesses really show
that you've studied their business and
that you think you can help them that
really goes a long way of course you're
going to get a lot of rejections and a
lot of people who won't respond but you
do enough Outreach you are going to get
some hits to really increase your
chances of getting noticed I would also
either offer your services at a discount
just at least in the beginning for them
to try you out or even offer something
for free a sample of work so they can
test you out risk-free another way you
can start getting clients is putting up
a profile on upwork and Fiverr just make
sure you put up a really good portfolio
of your past work and in the beginning
your portfolio can just be samples of
writing that you did on your own whether
it was for a paid client or not I will
say it's the hardest to get clients in
the beginning but once you get the ball
rolling most businesses hire direct
response copywriters through word of
mouth that's actually how I found all of
my copywriters so once you get the ball
rolling and you're good and your clients
are happy from there it's going to get a
lot easier to get work the second side
hustle idea is being a virtual assistant
a virtual assistant is a remote
professional who provides tech support
Operational Support or admin support or
even creative support to small
businesses and solar preneurs like me
there is definitely a huge demand for
virtual assistance due to technology due
to the fact that most businesses have
some sort of online presence these days
and because we're all just getting busy
and need a lot of help if you are really
good at being detail oriented you're a
really good communicator you're super
organized and you know how to figure
things out quickly you would make an
amazing virtual assistant you definitely
also need to be techsavvy as for the
third criteria if this is something
people will pay for the demand for
virtual assistance is only increasing as
a real life example I pay my virtual
assistant $45 an hour and she helps me
with everything she's definitely not
going anywhere as for how to get started
in a virtual assistant side hustle I
have a couple recommendations the first
is you really need to decide what type
of virtual assistant you're going to be
because there are many types there are
virtual assistants that specialize in
say social media or in marketing there's
also virtual assistants who only do say
accounting and bookkeeping and admin
work there's also vas that have more of
an executive assistant role so they help
with scheduling managing email inboxes
for busy professionals so I say the
first place to start is to sort of
narrow down what type of va you want to
be to get your first few clients as a
virtual assistant I recommend not even
bothering with the freelance
marketplaces like upwork and Fiverr it's
just too competitive there you won't get
noticed I actually recommend starting
with an agency a link to the one that I
personally use for my business I've had
a good experience with them but what's
good about these VA agencies is they
will train you and bring clients to you
and of course they'll take a cut of your
earnings but it's a great way to get
started and eventually if you're good
enough and build up a rapport with that
client you could even ask that client to
buy out your contract with the agency
and then just work for them directly and
then from there like anything else word
through Word of Mouth you'll get more
and more clients one pro tip piece of
advice if you want to be a VA is really
get specialized in certain softwares and
skills the more specialized you are in
something the more you stand out all
right and now for the third side hustle
this one's a little different from the
first two that we just talked about in
the sense that it's something that you
can do on your own time and you don't
need clients and this is options trading
options trading as a side hustle is
something that I talked about in this
video here and specifically it's trading
options but in a very particular way in
order to generate a consistent side
income so without getting into the Weeds
about what options are basically you can
think of options as stocks you know you
can buy and sell stocks at a profit well
you can also buy and sell options and
make a profit as well there's two types
of options there's call options and put
options and unlike stock trading where
it's really hard to make a consistent
profit it's a lot easier to generate
consistent income through options
trading if you do a specific strategy
called high probability spread trading
now I have a whole Master Class where I
go over this in detail I'll link to it
below basically it's a style of options
trading where you trade only high
probability strike prices that means in
advance you already know which trades
have a high probability of succeeding
and the moment you trade this option you
actually get paid for it upfront and
then later on as long as the stock
doesn't move within a certain range you
get to keep that money you definitely
need to have somewhat of an interest in
the stock market and sort of financial
things in order to enjoy options trading
but it's definitely a very
intellectually stimulating side hustle
that I personally enjoy and in order to
be good at it if you just get over the
learning curve and you're good at
managing your emotions all the emotions
that come with trading things that go up
and down you're going to be really good
at this as for whether this is something
that people will pay for what I like
about this side hustle is you don't need
clients this is something you can do on
your own there's no boss there's no
client to report to this is just you
opening your laptop and doing your
trades as for how much you can earn
doing this personally I make up to 1,000
a month doing this and this is with not
even 1 hour a week and I also have a lot
of students who are finding a lot of
success making an income with this side
hustle once again check out my free m
Master Class if you're interested in
diving deeper into this another side
hustle idea for you is being a content
creator a content creator is basically
where you pick a platform whether it's a
podcast platform Tik Tok Instagram
Snapchat or YouTube and you create
content in the form of videos photos and
then you monetize that content in
various ways the most popular ways
content creators monetize their content
is one the platform might actually pay
you so YouTube Tik Tok they have these
Creator payouts where the more views you
get or the more likes you get the more
money you get another way to monetize is
through affiliate income so in your
content you can talk about a product
that you like and then link to your
affiliate link and then get a commission
for people who buy through your link now
I'm not the best example cuz I don't
make that much affiliate income but a
really good example is my friend Charlie
changen who makes over six figures a
month in affiliate income just from his
YouTube channel another popular way that
content creators monetize is through
brand deals and this is where a company
reaches out to you and says hey if you
talk to your audience about our product
in a piece of content then we'll pay you
a flat fee for that I've gotten anywhere
from $10,000 to $70,000 so really theguy
the limit with this one it just depends
on how engaged of an audience you can
build and how creative you can be with
your content as for the three criteria
you have to enjoy brainstorming content
ideas and I definitely think you have to
enjoy whatever topic it is that you're
posting about as for what you need to be
good at I think if you just understand
human psychology and you understand what
makes people want to watch your content
then you're going to be really good at
this as for what people are willing to
pay for well the proof is in the pudding
like I said I've gotten up to $70,000 in
a brand deal and that's not even
scratching the surface of what other
creators are getting paid for brand
deals and yeah those guy is really the
limit with this one and if you're an
ultimate ultimate content creator like
say Mr Beast you can even sell your own
product like his chocolates and he
probably makes millions with that next
up side Hustle idea number five is being
a video editor according to gwi data
from the past year 92.8% of Internet
users are watching online videos weekly
not only this but 86% of companies rely
on video marketing and if that's not
enough to persuade you overall
employment for film and video editors or
camera operators anything of that nature
related to video is expected to rise 7%
from 2023 to 2032 that is a faster
growth rate than the average for all
occupations according to the US Bureau
of Labor Statistics as for how much you
can make doing this I personally pay my
video editor $2,000 a month to edit four
videos for me a month personally I found
my first video editor on upwork I liked
his portfolio I thought his hourly rate
was reasonable and he had good reviews
so really if you just have a strong
profile with a portfolio that shows what
you can do then you are definitely in a
good position to get clients so that
really is the key with any sort of Freel
client work is to First build up a
portfolio you need to first get good
enough and as for how to do that well I
used to edit my own videos for the whole
first year of my YouTube channel I am
really bad at Tech so if I figured it
out you can also figure it out there's a
ton of free online tutorials on how to
edit videos on every software from Da
Vinci resolve to iMovie to Final Cut Pro
to Adobe Premiere and here's a pro tip
if you really want to rise up as a video
editor and build your clientele quickly
I suggest special Iz in be a video
editor for one specific type of video so
a really good place to start would be
being a video editor for YouTube because
there's a very specific style of editing
that increases viewer retention and
YouTubers love a video editor who is
good at editing specifically for YouTube
you just want to go where the money is
right so another place is doing direct
response video editing so remember what
I talked about with direct response
copywriting there are special types of
videos called video sales letters and
these are basically sales pages in video
form if you know how to edit good video
sales letters then you can definitely
charge top dollar for that as for the
three criteria you need to have sort of
a visual brain and know how to
communicate things visually you also
need to be good at meeting deadlines and
keeping all of your video files
organized if you enjoy being creative
and doing something visual you'll
probably love being a video editor and
then we have bookkeeping bookkeeping is
basically where you do basic accounting
for small businesses to help them keep
accurate Financial records bookkeeping
is really important because at the end
of every year all businesses have to
file their taxes and their accountants
are going to ask them for their profit
and loss their balance sheet and all the
nitty-gritty details and it's the
bookkeeper who keeps the records for the
business all year long businesses are
always going to need to file their taxes
and know their numbers so bookkeeping is
always going to be in demand now this is
not something a lot of people know about
but I actually used to freelance as a
bookkeeper and at one point I was
billing up to $6,000 a month spread out
among eight different clients basically
if you like numbers you love working in
spreadsheets and you prefer in general
not talking to people and just crunching
away numbers into your spreadsheet then
you are going to love being a bookkeeper
what I like about this is it's fairly
easy it can get a little bit
intellectual and numbers based but for
the most part A lot of it is very
repetitive and if you use a good
accounting software like QuickBooks or
zero or fresh books a lot of the
transactions will get categorized
automatically saving you a bunch of work
another thing I like like about this is
if you can get clients on retainer it
becomes really steady and most clients
will never switch their bookkeeper I've
been with the same bookkeeper for years
and have no intention of ever switching
because she's doing a really good job
and I'd rather not rock the boat every
year because I need to be ready for tax
season as for how to get started
personally when I was doing bookkeeping
this is just for a couple years in my
20s I got started on upwork I put up a
profile and by the next day I had my
first client and the reason I was able
to get my first client so quickly is
because I specified a very specific
accounting software that I was good at
and that was buildium which is a
bookkeeping software specifically for
real estate companies and because I was
specialized I had a niche and I wrote up
a really strong profile I had a lot of
clients hitting me up it wasn't that
hard for me to get my first client even
outside of upwork like I said businesses
all need bookkeepers so another thing
you can do is just approach small
businesses in your neighborhood or small
businesses that you follow online and
ask them do they need a bookkeeper to
tell them your rates and have them try
you out I know from personal experience
that most business owners are extremely
stressed about this area of their
business a lot of them avoid their
numbers and really need an organized
bookkeeper to come in and clean up their
finances for them so honestly if you
think you have the skills to be a good
bookkeeper I think it'll be fairly easy
to build up a fairly regular clientele
and make a couple thousand dollars a
month doing this on YouTube Tiffany
Higgins is a virtual bookkeeper she
started out making $5,000 a month and
scaled to $20,000 a month in just 3
years and she only works 30 to 35 hours
a week so all of these side hustles
definitely require a little bit of
effort to get started but once you get
them going they all have the potential
to provide you with an income that you
can control from anytime anywhere and
like I said your job doesn't care about
you so you might as well start putting
something into place so you can be less
dependent on one job and start creating
more flexible diverse streams of income
that's it for this video I really hope
you enjoyed it and got something out of
it please consider are liking and
subscribing and until then I will see
you next week same time same place bye
[Music]
Browse More Related Video
Earn Extra βΉ30,000/Month with 2-4 Hours/day - 7 Best Side Hustles that actually work 2024
Top 10 Side Hustles for Busy Professionals
Realistic side hustles for an extra $500 - $1000 a month
6 NEW Gig Apps No One Is Talking About In 2024
10 Side Hustles That Could Replace Your Job
13 Best High Income Skills Worth Learning To Land Remote Jobs (2024)
5.0 / 5 (0 votes)