6 Realistic Side Hustles You Can Do Remotely in 2024

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 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 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.

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.

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 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 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.