6 Realistic Side Hustles You Can Do Remotely in 2024

Summary

This 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

• 💼 **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.
• 🌐 **Remote Side Hustles**: It encourages finding side hustles that can be done remotely to ensure income stability and flexibility.
• 💡 **Finding the Right Side Hustle**: The presenter suggests choosing a side hustle based on three criteria: passion, skill, and market demand for the service.
• ✍️ **Direct Response Copywriting**: One suggested side hustle is copywriting, specifically direct response copywriting, which businesses pay well for.
• 📈 **High Earning Potential**: The video mentions that top-tier copywriters can earn significant income, even profit-sharing from sales generated by their work.
• 📚 **Learning Resources**: It recommends books like 'Influence' by Robert Cialdini and courses from successful copywriters to learn the craft.
• 🔍 **Understanding Psychology**: A successful copywriter should understand human psychology to create compelling content.
• 📝 **Building a Portfolio**: For copywriting, starting with a portfolio showcasing skills is essential, even if it's just personal work initially.
• 📧 **Outreach for Clients**: The video advises cold outreach to potential clients, tailoring pitches to show understanding of their business.
• 💻 **Virtual Assistant**: Another side hustle proposed is being a virtual assistant, offering support services to businesses and entrepreneurs.
• 📊 **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

00:00

💼 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.

05:00

🖥 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.

10:00

📈 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.

15:02

🎥 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.

✂️ 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.

💼 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.

Keywords

💡Side Hustle

A 'side hustle' refers to a part-time job or business venture that one engages in alongside their primary job. In the context of the video, the term is used to encourage viewers to diversify their income sources beyond their main employment. The script emphasizes the importance of having a side hustle for financial security, especially in uncertain economic times, such as during a pandemic.

💡Remote Work

Remote work is the performance of one's job from a location outside of the traditional office setting, often using digital tools to communicate and collaborate. The video promotes side hustles that can be done remotely, which aligns with the modern trend of flexible work arrangements and the increased demand for digital skills.

💡Direct Response Copywriting

Direct response copywriting is a form of persuasive writing designed to prompt a specific action from the reader, such as making a purchase or signing up for a service. The video highlights this as a lucrative side hustle, explaining that businesses are willing to pay well for copywriters who can drive sales and customer engagement.

💡Venn Diagram

A Venn diagram is a visual representation used to show the logical relationship between sets of information. In the video, the speaker uses a Venn diagram to illustrate the ideal intersection of three criteria for choosing a successful side hustle: what you love doing, what you're good at, and what people are willing to pay for.

💡Virtual Assistant

A virtual assistant is a remote professional who provides administrative, technical, or creative support to clients. The video describes this role as a viable side hustle, emphasizing the growing demand for such services due to the increasing prevalence of online business operations.

💡Options Trading

Options trading involves buying and selling options contracts with the goal of making a profit. The video suggests this as a side hustle that can generate consistent income without the need for clients, illustrating an alternative path to traditional freelance work.

💡Content Creator

A content creator produces digital content, such as videos, photos, or written material, for platforms like YouTube, Instagram, or TikTok. The video discusses content creation as a side hustle, explaining how creators can monetize their work through views, likes, affiliate marketing, and brand deals.

💡Video Editor

A video editor is a professional who edits recorded footage to create a final product, such as a video for marketing or entertainment. The video mentions video editing as a side hustle with high demand, especially for those who specialize in editing for platforms like YouTube.

💡Bookkeeping

Bookkeeping involves recording and categorizing financial transactions for a business. The video presents bookkeeping as a stable side hustle, necessary for tax preparation and financial management, with the potential for steady, recurring income.

💡Portfolio

A portfolio is a collection of an individual's work that showcases their skills and experience. In the context of the video, building a portfolio is emphasized as a critical step for side hustles like copywriting and video editing, as it demonstrates one's capabilities to potential clients.

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

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