6 Realistic Side Hustles You Can Do Remotely in 2024
TLDRThis video introduces six remote side hustles for 2024, emphasizing the importance of diversifying income. It suggests direct response copywriting, virtual assistance, options trading, content creation, video editing, and bookkeeping as viable options. The script provides insights into each hustle's earning potential, required skills, and how to get started, encouraging viewers to find a side hustle that aligns with their interests, abilities, and market demand.
Takeaways
- 💼 **Remote Side Hustles**: The video discusses six side hustles that can be done remotely, emphasizing the importance of diversifying income streams beyond a single job.
- 🛡 **Job Security**: It highlights the lack of job security, especially during crises like the COVID-19 pandemic, and the need for alternative income sources.
- 🔍 **Choosing a Side Hustle**: The speaker suggests choosing a side hustle based on three criteria: love for the activity, personal talent, and market demand for the service or product.
- ✍️ **Direct Response Copywriting**: The first side hustle presented is direct response copywriting, a type of writing that prompts customer action and can be highly lucrative.
- 📈 **High Earning Potential**: The video provides examples of how much one can earn in copywriting, including hourly rates and project-based fees, and even profit-sharing for top performers.
- 📚 **Learning and Skills**: It recommends learning the craft through books and courses, emphasizing the importance of understanding human psychology for success in copywriting.
- 🔍 **Client Acquisition**: The script offers advice on how to get clients, including building a portfolio, cold outreach, and leveraging freelance platforms like Upwork and Fiverr.
- 👩💼 **Virtual Assistant**: The second side hustle is being a virtual assistant, providing various types of support to businesses and entrepreneurs, with a growing demand due to technological advances.
- 📊 **Options Trading**: The third side hustle introduced is options trading, which allows for generating consistent income without the need for clients, and is intellectually stimulating.
- 🎥 **Content Creation**: The fourth side hustle is content creation on platforms like YouTube or TikTok, where creators can monetize their content through various means, including platform payouts and brand deals.
- 🎬 **Video Editing**: The fifth side hustle is video editing, which is in high demand due to the prevalence of online video content and the need for skilled editors to enhance viewer retention.
- 📝 **Bookkeeping**: The final side hustle discussed is bookkeeping, which is essential for small businesses to maintain accurate financial records and prepare for tax season.
Q & A
What is the main message of the video about side hustles?
-The main message of the video is to encourage viewers to find a side hustle they can do remotely, emphasizing the importance of having multiple income streams rather than relying solely on a traditional job.
Why is it important to have a side hustle according to the video?
-It's important to have a side hustle because it provides an additional income stream, which can be crucial during economic downturns or unexpected job loss, as demonstrated by the COVID-19 pandemic.
What are the three criteria mentioned in the video for choosing the best side hustle?
-The three criteria for choosing the best side hustle are: what you love doing, what you are really good at, and what people are willing to pay good money for.
What is direct response copywriting and why is it a valuable skill for a side hustle?
-Direct response copywriting is a specific type of writing used by businesses to drive customers to take a certain action. It's valuable because it directly impacts revenue, and businesses are willing to pay top dollar for effective copywriters.
How much can a direct response copywriter expect to earn according to the video?
-A direct response copywriter can earn a wide range, from $100 an hour for a monthly retainer to a flat fee of $8,000 to $112,000 for a project spanning about 3 months, and even a profit share percentage for top-tier copywriters.
What is the role of a virtual assistant and what skills are required for this side hustle?
-A virtual assistant provides tech support, operational support, admin support, or creative support to businesses and entrepreneurs remotely. Skills required include being detail-oriented, a good communicator, organized, tech-savvy, and quick to learn new things.
How can a virtual assistant get started and find clients?
-A virtual assistant can get started by deciding on the type of support they want to offer, creating a strong portfolio, and reaching out to potential clients. Joining a VA agency can also provide training and client leads.
What is options trading and how can it be used as a side hustle?
-Options trading is a form of trading where one can buy and sell options to make a profit. It can be used as a side hustle by using a specific strategy called high probability spread trading, which can generate a consistent side income without the need for clients.
How much can a content creator potentially earn through brand deals?
-A content creator can earn a significant amount through brand deals, with the video mentioning earnings ranging from $10,000 to $70,000 per deal, depending on the size of their audience and the creativity of their content.
What are the potential earnings for a video editor and how can they build their clientele?
-A video editor can earn a substantial income, with the video mentioning payments of $2,000 a month for editing four videos. Building a strong portfolio and specializing in a specific type of video, such as YouTube or direct response videos, can help quickly build a clientele.
What is bookkeeping and why is it a reliable side hustle?
-Bookkeeping involves doing basic accounting for small businesses to help them keep accurate financial records. It's a reliable side hustle because businesses always need to file taxes and understand their financial situation, ensuring consistent demand for bookkeepers.
How can a bookkeeper get started and find clients?
-A bookkeeper can get started by creating a strong profile on platforms like Upwork, specifying their skills in specific accounting software, and approaching small businesses directly to offer their services.
Outlines
📝 Embracing Side Hustles for Financial Independence
The speaker emphasizes the importance of not relying solely on a primary job for income, citing the job insecurity highlighted by events like the COVID-19 pandemic. They introduce the concept of side hustles and suggest choosing one based on three criteria: passion, proficiency, and market demand. The speaker uses a Venn diagram analogy to illustrate the ideal side hustle at the intersection of these criteria. They stress the importance of enjoyment and natural talent in addition to monetary gains, setting the stage for a discussion on various side hustles that can be pursued remotely.
📚 The Art of Direct Response Copywriting
The speaker explores the first side hustle option: direct response copywriting. They explain that this form of writing is used by businesses to prompt customer action, such as online purchases or newsletter sign-ups. The demand for skilled copywriters is high, as their work significantly impacts revenue. The speaker shares personal experiences with hiring copywriters, providing salary figures and emphasizing the potential income one can earn in this field. They recommend starting with books like 'Influence' by Robert Cialdini and learning from top practitioners in the industry, suggesting an online course for further education. The speaker also discusses the importance of understanding human psychology for success in this role and provides tips on building a portfolio and acquiring clients through cold outreach and freelance platforms like Upwork and Fiverr.
🔧 The Versatility of Being a Virtual Assistant
The second side hustle presented is becoming a virtual assistant, a role that offers support in various areas such as tech, operations, administration, or creativity to businesses and entrepreneurs. The speaker highlights the growing need for virtual assistance due to technological advances and the increasing online presence of businesses. They outline the qualities of a good virtual assistant, including attention to detail, communication skills, and tech-savviness. The speaker advises on how to specialize in certain types of virtual assistance and recommends starting with an agency to gain experience and clients. They also mention the potential to earn a substantial income and transition to direct client work after building rapport through an agency.
💰 Diversifying Income with Options Trading
The speaker introduces options trading as a side hustle that can be done independently to generate a consistent income. They explain the concept of options as a type of financial instrument similar to stocks and detail a specific strategy called high probability spread trading, which can yield profits with a higher success rate than traditional stock trading. The speaker shares personal earnings from this activity and encourages viewers to take a master class for in-depth understanding. They highlight the intellectual stimulation of options trading and the independence it offers, as it does not require clients or a boss, just personal trading decisions.
🎥 Monetizing Creativity as a Content Creator
The speaker discusses content creation as a side hustle, where one can choose a platform and create videos, photos, and other content to monetize through various methods. They mention platform payouts, affiliate income, and brand deals as common monetization strategies, providing examples of individuals who have successfully earned significant income through these methods. The speaker emphasizes the importance of understanding human psychology to create engaging content and suggests that success in this field depends on building an engaged audience and being creative. They also note the potential for high earnings, with personal examples of brand deals and the limitless possibilities for top creators.
🖥 The Growing Demand for Video Editing Services
The speaker highlights video editing as a lucrative side hustle, supported by statistics showing the prevalence of online video consumption and the reliance of companies on video marketing. They discuss the potential for growth in this field and share personal experiences with hiring video editors, including rates and the importance of a strong portfolio. The speaker advises on how to build a portfolio and suggests specializing in editing for specific types of videos, such as YouTube or direct response video sales letters, to stand out in the market. They also touch on the creative and organized aspects of being a video editor and the satisfaction of working in a visually communicative role.
📊 The Essential Role of Bookkeeping for Small Businesses
The final side hustle presented is bookkeeping, which involves maintaining accurate financial records for small businesses. The speaker explains the importance of this role in preparing for tax season and the consistent demand for bookkeepers due to the necessity of tax filing. They share personal experiences as a bookkeeper, including rates and the stability of client relationships. The speaker suggests starting with a strong profile on platforms like Upwork or by approaching local businesses, emphasizing the need for specialization in specific accounting software. They highlight the benefits of bookkeeping, such as steady income and the potential for growth in the field.
Mindmap
Keywords
💡Side Hustles
💡Direct Response Copywriting
💡Virtual Assistant
💡Options Trading
💡Content Creator
💡Video Editor
💡Bookkeeping
💡Monetization
💡Portfolio
💡Outreach
💡Word of Mouth
Highlights
Six side hustles that can be done remotely are shared, emphasizing the importance of not relying solely on one income stream.
The three criteria for choosing a side hustle include passion, skill, and market demand for the service.
Direct response copywriting is a lucrative remote job that businesses pay top dollar for to drive customer action.
A real-life example of a direct response copywriter earning $2,000 a month for part-time work.
High-earning potential for top-tier copywriters, with some charging a profit share percentage on sales.
Recommendations for learning direct response copywriting, including books and courses from industry experts.
The necessity for copywriters to understand human psychology and emotional triggers for effective writing.
Strategies for getting clients as a copywriter, including cold outreach and offering discounted or free samples of work.
Being a virtual assistant offers a high demand for tech, operational, and admin support remotely.
The benefits of specializing as a virtual assistant in specific areas such as social media or bookkeeping.
Starting as a virtual assistant through agencies to gain clients and training, rather than freelance marketplaces.
Options trading as a side hustle allowing for consistent income without the need for clients.
High probability spread trading as a specific strategy for options trading to generate income with less market risk.
Content creation as a side hustle with multiple monetization methods including platform payouts and affiliate income.
The potential for high earnings through brand deals as a content creator, with examples of six-figure monthly incomes.
The importance of understanding viewer retention and platform algorithms for successful content creation.
Video editing as a growing remote job with 7% expected growth from 2023 to 2032 according to the US Bureau of Labor Statistics.
Bookkeeping as a stable and always in-demand side hustle for managing small business financial records.
Personal experiences and tips for getting started in bookkeeping, including specialization in specific software.
The potential to scale a bookkeeping business to earn a significant income with a relatively low workload.
