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• 🎓 The belief that a university degree guarantees a high-paying job is a common misconception reinforced by outdated perspectives.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.

Outlines

00:00

🎓 Debunking the University Degree Myth

This paragraph challenges the common belief that a university degree guarantees a high-paying job, a notion that the speaker feels is outdated. The speaker acknowledges the value of education and the student experience but argues that relying solely on a degree for wealth is misguided. Instead, the speaker advocates for students to start side hustles with the potential for significant growth, sharing their own success story of turning side hustles into multimillion-dollar businesses. The paragraph introduces seven side hustle ideas for students, with real-life examples and ratings in categories such as learning time, initial investment, and difficulty to earn a thousand dollars per month.

05:02

🤑 The Power of Side Hustles and Investing

The speaker discusses the concept of side hustles as a means to generate income and the importance of investing as a long-term wealth-building strategy. They share personal experiences with investments, emphasizing a dollar-cost averaging strategy and the potential of index funds. The speaker also mentions a promotional offer from Trading 212, an investment app, for new users. The paragraph provides ratings for the time required to learn about investing, the amount of money needed to start, and the ease of making a thousand dollars per month, highlighting the speaker's journey from side hustles to successful investing.

10:02

🛠 Building and Managing Discord Servers as a Side Hustle

The speaker introduces Chris Peters, a young entrepreneur who has successfully built and managed Discord servers as a side hustle, generating a significant income. The paragraph explains the potential of Discord as a communication platform and the opportunity it presents for those who can navigate its complexities. The speaker shares Chris's journey, from helping out for free to becoming a paid expert. The paragraph concludes with ratings for learning Discord, the initial investment required, and the potential to earn a thousand dollars per month, emphasizing the low barrier to entry and high earning potential.

15:04

🏋️‍♂️ Online Coaching as a Lucrative Side Hustle

The speaker highlights online coaching as a profitable side hustle, using Jack Jefferson's story as an example. Jack transitioned from a traditional job to full-time online fitness coaching, enjoying increased income and freedom. The paragraph discusses the adaptability of online coaching to various skills and the growing trend of info products in the industry. The speaker rates the time required to learn online coaching, the initial investment needed, and the ease of earning a thousand dollars per month, noting the importance of personalization and convenience in this field.

20:06

🎨 AI Animation: A Creative and Lucrative Side Hustle

This paragraph introduces AI animation as an innovative side hustle, with Mercy as a case study. Mercy utilizes AI tools to create animations, generating a substantial monthly income. The speaker discusses the stages of technology adoption and positions AI as an emerging opportunity. The paragraph details Mercy's process, from using AI for scripting to creating animations, and the importance of mastering animation skills and networking. The speaker rates the time to learn AI animation, the initial investment, and the potential to earn a thousand dollars per month, emphasizing the current low barrier to entry and high demand.

👜 Reselling Luxury Items: A High-End Side Hustle

The speaker presents reselling luxury items as a side hustle, with Ben Gallagher's success story as an example. Ben's business, Luxe Collective, achieved significant sales, and he gained investment through a TV show. The paragraph discusses the growing market for luxury resale, driven by millennial interest and social media culture. The speaker rates the time to learn the intricacies of luxury item reselling, the substantial initial investment required due to the high cost of items, and the ease of earning a thousand dollars per month, noting the importance of authenticity and market knowledge.

✍️ Online Writing: A Side Hustle for the Skilled Wordsmith

The final paragraph focuses on online writing as a side hustle, featuring Adam's success in earning a substantial income through writing. The speaker differentiates between creative writing and writing in demand, highlighting the latter's potential for income generation. The paragraph discusses the process of writing, the skills required, and the value of exclusive, high-quality writing services. The speaker rates the difficulty of learning to write effectively, the minimal initial investment needed, and the potential to earn a thousand dollars per month, emphasizing the high earning potential for skilled writers and the importance of leveraging client success.

Keywords

💡University

A university is an institution of higher learning, providing facilities for teaching and research and authorized to grant academic degrees. In the context of the video, the speaker challenges the notion that attending university guarantees a high-paying job, suggesting that this belief is outdated and not a reliable path to wealth in the modern world.

💡Side Hustle

A side hustle refers to an additional job or venture that one undertakes alongside their primary job to earn extra income. The video emphasizes the importance of starting a side hustle for potential long-term growth and provides examples of successful side hustles, such as content creation on social media platforms.

💡Content Creator

A content creator is an individual who generates various forms of content, such as videos, blogs, or social media posts, for online platforms. The script discusses how content creators are in high demand on social media platforms, which are competing for user attention and are willing to pay creators for original content.

💡Investing

Investing involves allocating resources, such as money, with the expectation of generating an income or profit. The video script mentions investing as a way to generate passive income, highlighting the strategy of dollar-cost averaging and the potential long-term benefits, including the example of earning $17,000 per week.

💡Discord

Discord is a communication platform designed for creating communities, featuring text, voice, and video communication. The script introduces Chris Peters, who has successfully built a business around managing and building Discord servers, capitalizing on the growing use of the platform.

💡Online Coaching

Online coaching refers to providing guidance, training, or instruction over the internet. The video mentions Jack Jefferson as an example of someone who quit his job to pursue online fitness coaching full-time, emphasizing the value of freedom and the potential income from this side hustle.

💡AI Animation

AI animation involves the use of artificial intelligence to create animated content. The script describes how Mercy uses AI tools to assist in scripting and animating, capitalizing on the growing trend of AI technology adoption in creative fields.

💡Luxury Resale

Luxury resale refers to the business of buying and selling pre-owned luxury goods. The video discusses Ben Gallagher's success in this market, pointing out the significant growth of the luxury resale market and the opportunities it presents for those who are knowledgeable about designer items.

💡Online Writing

Online writing encompasses a range of writing activities done for digital platforms, such as blogs, websites, and social media. The script highlights Adam's success with online writing, emphasizing the potential for high earnings through mastering the art of selling through written content.

💡Social Media Platforms

Social media platforms are websites or applications that enable users to create and share content or participate in social networking. The video script discusses the competition among these platforms for user attention and how they reward content creators, like Daniel Bitton, for generating engaging content.

💡Investment Apps

Investment apps are mobile or web applications that allow users to invest money in various financial instruments, often with an emphasis on ease of use and automation. The script mentions Trading 212 as an example of an investment app that offers features like auto-investing and social investing through 'pies'.

💡Personalization

Personalization refers to the process of tailoring services or products to meet individual needs or preferences. The video script suggests that offering personalized coaching, rather than generic online courses, can lead to greater success and client satisfaction.

💡AI Adoption Curve

The AI adoption curve represents the stages at which different segments of a population begin to adopt a new technology. The script discusses the early stages of AI adoption, suggesting that those who embrace AI now will have an advantage over late adopters.

💡Value

In the context of the video, value refers to the worth or usefulness of a service or product, often determining the price one can charge for it. The script implies that by providing services that deliver significant value, such as increasing a business's profits, one can command high fees.

Highlights

The common misconception that a university degree guarantees a high-paying job is debunked as outdated.

The importance of students starting side hustles to potentially grow into larger opportunities in the future is emphasized.

The speaker's personal journey from side hustles to becoming a millionaire is shared as an example of success outside traditional education.

Seven side hustles for students are introduced, applicable to anyone worldwide, with real-life examples.

Daniel Bitton's success with faceless short-form content on Snapchat, earning significant income without showing his face.

The ongoing competition between social media platforms for content creators and the opportunities it presents.

The strategy of using existing videos with added voiceovers, music, and edits to grow a social media presence.

Investing as a side hustle, with the speaker's personal strategy of dollar-cost averaging and success with index funds.

The potential for significant returns on investment over time, even with modest monthly contributions.

Chris Peters' success building and managing Discord servers as a 19-year-old, highlighting the platform's versatility.

The opportunity in Discord management for those who can navigate its complexities and offer value to clients.

Jack Jefferson's transition from a traditional job to full-time online fitness coaching, emphasizing freedom and income.

The rise of online coaching as a lucrative side hustle, with the potential for personalization and high demand.

Mercy's use of AI tools for animation, capitalizing on the growing adoption of AI in various industries.

The stages of technology adoption and the current position of AI, suggesting an opportunity for early adopters.

Ben Gallagher's success in luxury item resale, demonstrating the potential of the luxury resale market and social media.

The importance of authenticity and market knowledge in the luxury resale business, as highlighted by Ben's meticulous approach.

Adam's high earnings from online writing, focusing on in-demand content and effective client relationships.

The value of mastering writing skills for high-income potential, especially in copywriting and content creation.

Transcripts

- The biggest lie young people are told when they're 18,

19, and 20 is go to university

and you're guaranteed to get a high paid job.

This lie is drilled into through the school system

and then reinforced by parents who are stuck in the past.

While it might have been true in my time,

it's not the reality anymore.

Don't get me wrong.

I'm not saying that studying is a waste of time.

Many degrees are very useful

and the student experience is unforgettable.

However, relying solely on a degree

to make you rich isn't the right approach.

That's why it's so important for students

to start some kind of side hustle that has the ability

to grow into something much bigger in the future.

Look, I wasn't wealthy enough to be able

to afford university or probably academically smart enough,

but I always had side hustles.

Ultimately, my side hustles turned into multimillion dollar

businesses and made me a millionaire.

That's why today I'm gonna dive into seven side hustles

students can start this year.

To be honest, these can actually apply

to anyone anywhere in the world,

and because I hate those silly videos

that just regurgitate the same list of side hustle ideas,

I'm actually gonna share real life examples

of people smashing it

and rate them out of five in these important categories.

How much time it takes to learn,

how much money you need,

and how difficult it is

to make a thousand dollars per month.

Side hustle idea number one,

faceless short form content.

This is Daniel Bitton.

Like many of you, he started using social media

for fun at the age of 13.

Now at 16, he's earning half a million dollars

every single month creating short form content

on Snapchat without even showing his face.

It sounds unbelievable, but it's completely true.

My son, Kurt, has actually bumped into him at LAX airport

and after doing some research,

I can assure you he's not capping.

So why can you make so much money doing this?

Well, at the moment, there's a huge war going on

between Snapchat, YouTube,

Instagram, and TikTok.

During the pandemic, TikTok became so popular

and grabbed the attention of the world.

Since then, all the different social media platforms

have been competing for this attention.

As the more eyes they have on their app,

the more money they can make from advertisers.

Stick with me because this is

where it all starts coming together.

The one thing these platforms need more than anything else

is content creators,

And what attracts the best creators better

than anything else?

Money, because we all like a little bit of that.

This is a once in a lifetime opportunity,

but once a platform is established at the top,

competition will decrease along with the payouts,

so you'll need to jump in on this one quickly.

If you wanna be making close

to half a million dollars a month,

just like Daniel,

the people that have paid the most

are those that create original content

rather than just cutting up

other people's content from YouTube.

Daniel does this by using existing videos,

but then adding different voiceovers,

music, and edits.

This strategy combined with consistent posting

led to extreme growth.

He then expanded with multiple channels in various niches

to attract diverse audiences.

So for example, one of his channels is about rapper updates

and the others is focused on live streamers.

Now for those important ratings,

I'll give this a four out of five.

Although making short clips may seem quick

and easy, there's a lot more

that goes into it than you might first think.

Saying this, if you regularly watch TikTok or shorts,

then you'll be better prepared the most.

Creating short form clips is a lot more about

understanding human psychology

than it is about fancy editing.

If you can create a great hook

and build towards some kind of payoff at the end,

you'll increase the watch time.

This is the only trick you need

to know if you want your videos to go viral

and earn you lots of money.

Trust me, I've managed to get 7 million followers on TikTok

using this exact strategy.

The best way to teach yourself this

is to watch short form content on a daily basis.

Make it part of your routine.

This might sound different

from what many people my age will tell you,

but I'm not talking about using it for entertainment.

Every time you stop and watch a short,

I want you to ask yourself a simple question.

What intrigued me enough to stop scrolling

and watch the whole thing?

Make a list in your notes app and before you know it,

you'll have a ton of different winning ideas.

Secondly, how much money do you need?

I'll give this one out of five.

Because if you have a phone and an internet connection

and you can get started,

and if you're watching this video,

then I'd assume you've got both of those things.

Thirdly, how easy is it

to make a thousand dollars per month?

I'll give this a one out of five.

As I mentioned, social media platforms are handing out cash

like there's no tomorrow.

Just think to make a thousand dollars a month,

all you'd have to do is be 0.2% as good as Daniel.

Now, if you don't think that's achievable,

then you need to believe in yourself a bit more.

Idea two, investing.

A lot of people are gonna disagree with me on this one

as it's technically not a side hustle.

However, it makes me around about $17,000 per week,

so I thought it was definitely worth a mention.

It's taken me a lot of years to build up to that.

However, I've managed to do it all on my own

without a financial advisor charging

me commission on every investment.

It's really not as complicated as people make out.

Of course, I'm not a financial advisor

and investments can go up as well as down,

but my dollar cost averaging strategy

has worked wonders for me over the years.

This is when you consistently buy into the market

no matter if it's high or low.

Over time, the idea is that the price you buy,

the stock at averages out.

You can do this with pretty much any stock you want.

However, the real secret weapon has to be index funds.

If you were to invest $200 a month for 40 years

and get an average return of 10% per year,

then you'll have over $1.2 million.

I know what you're thinking.

How on earth am I gonna make a 10% return?

You are out of touch, old man.

Well, of course, past results are no guarantee

of future returns.

However, over the 10 years,

the average annual return of the S&P 500 was 11%.

Okay, but I don't wanna wait 40 years

to become a millionaire.

This is exactly how you should be thinking.

I didn't wanna wait until I was old and gray either.

I went out and made quick money through my side hustles

started a business,

and made millions all while investing

around half of my earnings

and multiplying it in the stock market.

It's not a choice between one or the other.

You really should consider doing both at the same time.

Now, let's get onto the ratings.

Oh, I've forgotten the photo.

Let's use that one.

Firstly, how much time does investing take to learn?

I'll give this a one out of five

because as I said, the basics are extremely simple.

I've got multiple videos on my channel

breaking down the core concepts like passive income,

the different types of accounts to open,

and my favorite, index funds.

Once you master the tricky words,

you'll see that it's really simple.

Especially with different investment apps allowing you

to automate your investments every single month

so you don't even have to think about them.

My favorite for this kind of thing is Trading 212,

so I reached out to them to see if they'd be interested

in sponsoring this section of the video.

They agreed and are also offering a free stock

worth of up to a hundred pound to anyone

that uses the code Tilbury when they create an account

and deposit as little as one pound.

If you're a beginner,

then definitely check out their pies feature

as you can have a look at what other people

are investing their money in

and then either create your own pie or just copy theirs.

You can then set it to auto invest for you

as often as you like and your money will be split

between the different stocks in your pie.

Secondly, how much money do you need?

I'll give this a one out of five

because you can start with as little as $1.

I don't suggest you put all

of your money into stocks though.

Make sure you are investing it back into

your side hustle as well.

And thirdly, how easy is it

to make a thousand dollars per month?

I'll give this a one out of five.

As for me, I don't have to do anything.

It's just easy.

However, it took me a lot of years of consistency

to get to this stage.

In my opinion, investing should always be paired

with a side hustle that generates you fast money.

Side hustle idea three, discord building.

This is Chris Peters

and he's on track to make $15,000 a month from building

and managing Discord servers,

and he's only 19 years old.

I remember first chatting with Chris a couple of years ago.

He must have been about 17 at the time.

I had just started my free discord group

and had absolutely no idea what I was doing.

He messaged me and offered to help me for free,

so I took him up on that offer

and he completely revamped my server.

By the way, I am still running the free Discord group

and I'll drop a link in the description

below if you want to join us.

Over the years, I've been more

and more impressed with Chris's work ethic

and quick thinking, so it's fair

to say I'm not letting him work free anymore.

If you don't know, discord is basically this all in one

communication hub with text,

voice, and video chats.

It started off just for gamers,

but now it's pretty versatile,

used by all sorts of communities and businesses.

There's a huge opportunity here

because as the usage of discord increases,

there are people like me a few years ago who have no idea

how to operate it.

It's complex enough to confuse a beginner,

particularly those of an older generation,

but simple enough for a youngster

to learn in a short amount of time.

I mean, Chris started his Discord business

while he was still at school sitting his GCSE exams

and I was one of his first clients.

Just remember to offer huge value upfront

before asking for any kind of payment.

If you do good work and make yourself indispensable,

you'll start earning big.

Now it's time for those ratings.

Firstly, how much time does this call take to learn?

I'll give this a two and a half outta five

as you can get to groups with the basics

in a couple of hours.

However, to do the really complicated stuff,

it may take a bit longer depending on

how tech savvy you are.

I asked Chris for his top tip for learning discord skills

and he said "It's important to join multiple communities.

This way you can learn what makes a successful server."

Secondly, how much money do you need?

I'd rate this a one out of five.

You can get started with just your computer.

Although finding clients planning community features

and customizing the discord service

to fit your client's niche may take time.

In the early days, you should be able to manage

all of this stuff yourself.

Thirdly, how easy is it

to make a thousand dollars per month?

I'd rate this a one out of five.

Let's look at the numbers now.

Assuming you can find four clients

and put them on a monthly retainer,

you'd only have to charge them $250 each and boom,

that's a thousand dollars a month right there,

and honestly, if you find the right clients,

you should be able to charge 'em much more than this.

Side hustle idea four, online coaching.

This is Jack Jefferson.

He decided to quit his $70,000 nine to five in London

to pursue his online fitness coaching side hustle full-time

as it had started generating him $7,000 a month.

Now, you may be thinking that's only $14,000 more

than his full-time job in London.

However, now he has something even more valuable,

freedom.

He can now operate his side hustle from anywhere

in the world as long as he has an internet connection

so he can check in with his clients

and review their progress.

Jefferson Training now has over 40 clients

in is growing by the month.

I get that not everyone is a gym expert,

and this might seem a little niche.

However, notice how the title

of this idea is an online fitness coaching.

It's online coaching.

That's because there are countless things

you can teach people online

and get the same results as Jack.

From my travels to Dubai or Miami recently,

all the young millionaires I meet

seem to be coming from the online coaching space.

They all have some kind of info product

and they're earning in thousands.

It's honestly an absolute gold mine.

I've only started to notice this recently

as most of the millionaires I've bumped into

before this at their own physical products like me

with my range of radio control models.

The world is absolutely changing.

People really value online support and expertise.

This industry just didn't exist when I was younger.

Now it's time for those ratings.

Firstly, how much time does online coaching take to learn?

I'll give this a two out of five

because if you already have a skill

people are willing to pay for,

then all you need to learn

is how to package it up and sell it.

Once you've created this process,

you can then rinse and repeat the formula

to get you thinking.

Here's what Jack does.

He starts off by conducting an in-depth onboarding session

to understand the needs and goals of each client.

He then crafts personalized nutrition plans,

detailing breakfast, lunch,

and dinner alongside tailored fitness plans,

specifying both training and rest in days.

He then sets up regular check-ins

where he guides his clients through video feedback.

I hope you can see how something like this can be easily

adapted to lots of different types of coaching.

I think the key to making good money relatively quickly

is to offer a degree of personalization

rather than just selling an online course

as people are pretty sick of those.

Secondly, how much money do you need?

I'd rate this a one out of five

as all you need is your laptop and you're good to go.

Of course, this does assume you have

some kind of skill you can teach.

It might cost you a bit more

if you have to learn a skill first.

Thirdly, how easy is it

to make a thousand dollars per month?

I'd rate this a one out of five

on the difficulty scale as from what I've seen,

this is incredibly easy.

People are lazy,

so although they could probably

learn this stuff from a book,

they don't wanna spend the time doing that.

They would much rather spend some money

and be spoonfed the information.

Remember, people pay for convenience.

Side hustle idea five, AI animation.

This is Mercy.

He's responsible for all the animations

you see on my channel,

and he's making eight to $10,000 per month

creating these for multiple clients.

This side hustle is really interesting

as AI is the biggest thing to happen

to technology since the internet.

Just think how many billionaires

that created despite the ongoing buzz.

You might be surprised

how few businesses have actually begun to use it.

You see there are five stages to technology adoption

and they look like this.

First, you have the early innovators,

which make up 2.5% of the people.

They're the people that are willing to take a risk

and go against the grain.

They'd go out and buy the Samsung Fold

or the new Apple Vision Pro on its first initial release.

Second, we have the early adopters

making up 13.5% of the population.

Similar to innovators,

they're willing to take a risk,

however they prefer to test the product

before forming an opinion and recommending it to others.

Thirdly, we have the early majority,

which is 34% of the population.

These are the people that look at the product reviews

before making a purchase.

They want to see proof of it working

before committing to it.

This is a line where I believe we currently are

with AI at the very first stage of early majority adoption.

This is followed by the late majority making up another 34%,

and finally the laggards,

which is a surprising 16%.

When you get to my age,

you'll find that most people in the laggards category,

they like sticking with what they know

and they really don't want to learn anything new.

Now, here's the important thing.

Whether you like it or not,

AI will go through this cycle,

so let me ask you this very simple question.

Would you rather embrace it now

or wait for everyone else to get the benefits

and end up having to use it anyway?

There are so many creative ways to use AI,

but let's go back to Mercy.

For a solid example, he uses tools like ChatGPT

to help him script ideas out

and then uses Midjourney to bring his ideas to life.

Let's get into the ratings.

I'd give this a four out of five,

although AI can do a lot of the heavy lifting for you.

Mercy still devoted months

to mastering top-notch animation skills,

which helped inland clients

and build relationships to keep the cash flowing in.

So I'd recommend mastering the core principles of animation

and actively participate in the industry networks

to keep refining your skills.

Secondly, how much money do you need?

I'd give this a one out of five.

Because we're at an early stage in the adoption curve,

it doesn't take a lot of expensive tools to stand out.

When Mercy first started his side hustle,

he managed to get featured on Andrew Tate's Instagram story

because of some AI artwork he created.

This gave him all the free promotion he needed

to build a strong client base.

This just shows that you don't need a lot of cash right now

to make an impact.

Thirdly, how easy is it

to make a thousand dollars per month?

I'll give this a two out of five.

As online creators are getting more

and more popular, there is more money

flooded into the space.

Creators wanna stand out,

and by adding animations,

it's a great way to make their videos

look more premium and engaging.

So get started now and get so far ahead

that the late adopters can never catch you.

Side hustle idea six,

reselling luxury items.

This is Ben Gallagher,

a normal lad who started reselling luxury items online

as a side hustle.

In 2023, he generated 7.2 million pounds

through his business, Luxe Collective,

and even recently appeared on Dragon's Den,

which is a bit like Shark Tank

and received investment from Steven Bartlett

in exchange for a 3% equity stake.

I'm so proud of how far he's come

since appearing on my old podcast years ago.

The luxury resale market saw to a whopping $39.23 billion

in 2023, so it's no surprise that Ben

is having so much success.

The growing millennial population is driving a lot

of this interest in luxury resale

along with social media culture

increasing the importance of flexing designer labels.

Reselling is a really cool side hustle

as now with the internet,

you are able to sell to anyone in the world.

Giving you access to a global marketplace.

So let's look at the ratings.

I'll give this a four out of five.

As Ben spent countless hours learning how to identify fakes,

learning about the market

and scouting for the best purchases,

Ben looks out for items from brands like Louis Vuitton,

Dior, Chanel, and even Hermes.

Of course, you can imagine it's very important

that he knows his stuff

as just one slip up could ruin his company's reputation.

Ben has to carefully examine each bag

for scent, stitching, material,

and even sends samples to a company in New York,

which use microscopic technology

to examine the exact structure of the materials used.

So if you're passionate about design items

and are prepared to put the time

into learning all the details,

then it's worth a shot.

Secondly, how much money do you need?

I'll give this a 3.5 out of five

as these designer items can be pretty pricey.

I mean, some of these bags are worth up to $30,000,

and that's the second hand price.

A lot of these high-end bags tend to keep their value

or maybe drop slightly.

I mean, it's practically a designer bag stock market.

Maybe that's why my son Curtis has bought his girlfriend

so many bags, or maybe he's just a simp.

But of course, you don't have to start off

with items like this.

You can go for more reasonably priced ones

and work your way up.

That's what Ben did.

You also don't have to pay for marketing

as you can leverage social media platforms

to grow your customer base completely free.

I mean, Ben struck gold on TikTok

when he started posting fashion content

and has now amassed over 1.6 million followers.

Thirdly, how easy is it

to make a thousand dollars per month?

I'll give this a one out of five.

As when you're dealing with luxury goods,

the profit margins are usually very nice.

Combine this with the average sale

and you can make this kind of money with just one item.

The tricky thing for this side hustle is getting

that initial money to start,

which is something you don't have to worry about

with online writing.

This is Adam and he earns over $10,000 a month

through online writing before you get carried away.

He's not writing the next "Harry Potter"

or "Game of Thrones."

That kind of writing doesn't earn you a good income

until you get published and hit it big,

which is a one in a million chance for most writers.

Adam instead writes what's actually in demand

and publishes where the readers are online.

He started off writing blog posts about his travels

to her own passive income and live anywhere in the world.

This later led him to working as a copywriter

for large influencers.

He got one client, which led to another and so on.

He told me when he offers a service,

he always tries to be exclusive

and do it in a way that no one else could.

There's always gonna be someone cheaper than you,

but not always someone more expensive.

Find a client who can afford

to pay the premium than offer a world-class.

Service words can make you sound smart

or they can do the opposite

depending on how they're deployed.

That's why businesses hire copywriters,

basically salesmen but in print,

and it's not just websites either.

People need quality writers for all sorts of things.

Everything from TikTok scripts to threads on Twitter.

Content is king,

and the magician behind all of this is often the writer.

Firstly, how much time does writing take to learn?

I'll give this a five out a five

as writing is one of the hardest things to do,

not physically, but mentally.

Especially in this day and age

where it's so easy to get distracted by notifications.

In order to be a good writer,

you need to achieve a state of flow,

and that only comes when you're able to focus

for long periods of time.

This is a dying skill.

The declining quality of our films

and TV shows can be partially attributed to the inability

of many new writers to focus.

So if you can master it,

then you could be making some serious bag.

Secondly, how much money do you need?

I'd give this a one out of five

as you honestly only need the bare minimum,

even a cheap phone will do.

This is an ideal side hustle for people

that want to make some instant cash

and not have to worry about ever really

upgrading their equipment.

Thirdly, how easy is it

to make a thousand dollars per month?

I'd give this a one out of five.

As once you've mastered the art selling

through your writing, you can make insane amounts of money.

I'm talking over $500 an hour in many cases.

It all depends on how good you are at making connections,

your skill with words,

and how fast you can write.

Some charge as much as $50,000 for just one webpage.

You may be thinking, why so much?

Well, it's all about value.

If you charge $50,000 for a webpage

and it results in a business monthly sales profit

going from $200,000 to $400,000,

wouldn't you say it's worth it?

It's all about leverage.

Making rich clients even richer

then asking for your slice of the pie.

If you want another side hustle idea,

then you can check out this video next

where I test out a popular print on demand side hustle,

but don't click on it just yet.

Make sure to subscribe if you want to grow your wealth.

Okay, I'll see you over there.