7 Side Hustles Ideas to Make $1000/Month
TLDRThis video script offers an insightful guide into the world of side hustles, presenting seven viable ideas for generating an extra $1,000 a month. The host emphasizes the importance of providing value and suggests starting with skills in writing, sales copywriting, thumbnail designing, web design, short-form video editing, and offering operational support to creators or businesses. Each idea is explored with considerations for ease of entry, initial earnings potential, and the time commitment required. The script also touches on leveraging AI tools to streamline work and the potential of scaling side hustles into full-fledged agencies or digital nomad careers, providing a comprehensive look at the flexibility and autonomy that side hustles can offer to those seeking financial freedom and creative fulfillment.
Takeaways
- 💡 Side hustles can provide financial autonomy and flexibility, allowing for extra income beyond a primary job.
- 🚀 Starting a side hustle should be enjoyable and not feel like a second job, ideally aligning with personal interests or passions.
- ⏰ Side hustles should offer flexibility in terms of time and work schedule, without being tied to rigid shift patterns.
- 💰 The key to making money is providing value to others who are willing to pay for that value, a principle often misunderstood.
- 📝 Becoming a writer for businesses, especially B2B, can be a lucrative side hustle as businesses often require content creation for SEO and marketing.
- 🎨 Learning to be a sales copywriter or a thumbnail designer can be relatively quick and offer high returns, especially when using the 'permissionless apprentice model'.
- 🌐 Website design is a skill that can be taught through online resources and can be a gateway to working with various businesses and creators.
- 📹 Short form video editing is a growing demand as platforms like TikTok and Instagram Reels gain popularity, offering opportunities for skilled editors.
- 📈 Investing the money earned from side hustles can be done through platforms like Trading 212, which offers practice and real money modes for trading.
- 🤝 Offering to be a 'second pair of hands' to creators or businesses can lead to personal assistant or operations manager roles, potentially turning into full-time positions.
- 📈 Starting a video production agency or becoming a solo video editor/videographer can be a profitable side hustle, especially for those interested in media creation.
Q & A
What is the primary goal of starting a side hustle according to the video?
-The primary goal of starting a side hustle is to generate additional income, potentially reaching an extra $1,000 a month, which can provide more financial autonomy, freedom, and the ability to control one's life.
Why does the video suggest that getting a raise at a day job is not discussed?
-The video does not discuss getting a raise at a day job because it focuses on side hustles as an alternative way to earn extra income, rather than increasing income through one's primary employment.
What are the three criteria a side hustle should meet as mentioned in the video?
-A side hustle should allow you to make more money than a local service job, it should be something you enjoy doing where it doesn't feel like a second job, and it should be flexible, allowing you to work when and where you want.
What is the law of making money as described in the video?
-The law of making money states that money is an exchange of value. To make money, you need to provide value to people who are willing to pay for that value.
How does the video suggest one can become a successful writer for businesses?
-The video suggests using the 'permissionless apprentice model', where you create content for free for businesses or creators you're interested in working with, then present your work to them as a way to secure paid work.
What is the significance of B2B (business-to-business) in the context of side hustles?
-B2B is significant because it represents a larger market and potential income source. By offering services to businesses rather than individual consumers, there's a higher earning potential and a greater need for specialized services.
What is the role of AI tools in the process of becoming a writer as suggested by the video?
-AI tools can help in creating a first draft, making the process of writing easier and more efficient. The writer's role then becomes editing and refining the AI-generated content to fit the style and requirements of the target audience.
Why does the video recommend against advertising writing services on freelance websites like Fiverr or Upwork?
-The video recommends against it because these platforms are saturated with many people offering similar services, making it harder to stand out. Instead, the video encourages proactive outreach and showcasing your work directly to potential clients.
How does the video suggest one can start making money as a thumbnail designer?
-The video suggests practicing the skill by following online tutorials, then offering to redesign thumbnails for YouTubers or businesses for free to build a portfolio and demonstrate value.
What is the potential earning for a sales copywriter as mentioned in the video?
-The earning potential for a sales copywriter can be significant, with some people charging $1,000 for a single script for a YouTube video. It depends on the effectiveness of the copy and the return on investment for the client.
How does the video describe the process of becoming a successful video editor?
-The video suggests learning the skill through online tutorials or classes, then reaching out to businesses or creators and offering to edit their videos for free initially. This demonstrates competence and can lead to paid work.
What is the potential of side hustles in terms of financial freedom and flexibility?
-Side hustles can provide significant financial freedom and flexibility. They allow individuals to earn extra income while pursuing activities they enjoy, and they offer the flexibility to work when and where they want.
Outlines
🚀 Introduction to Side Hustles for Extra Income
The video script begins with an introduction to the concept of side hustles, emphasizing the potential to earn an additional $1,000 per month. It discusses the importance of autonomy and freedom that comes with having more money. The presenter outlines the structure of the video, which includes discussing the ease of starting, making the first $100, and the time and effort required to maintain the side hustle. It also touches on the philosophy behind side hustles, differentiating them from traditional second jobs, and highlighting the need for flexibility and enjoyment in the work. The principle of value exchange in making money is also introduced.
📝 Becoming a Business Writer
The first side hustle idea presented is becoming a writer for businesses. The script explains the distinction between B2C (business-to-consumer) and B2B (business-to-business) and encourages thinking B2B for greater earning potential. It discusses the high demand for writing services among businesses and creators, including content writing for blogs and writing scripts for videos. The 'permissionless apprentice model' is suggested as a strategy for getting started, which involves doing free work to showcase one's skills and build a portfolio. The use of AI writing tools is also mentioned as a way to streamline the writing process.
📚 Sales Copywriting as a Lucrative Side Hustle
The second side hustle idea is becoming a sales copywriter. The script explains the importance of sales copy in driving sales for businesses and how a good understanding of sales and marketing can lead to a successful side hustle. It suggests reading key books on the subject to quickly become proficient. The presenter also shares the strategy of offering to rewrite a sales page for a business to demonstrate value, which can lead to hired work. The script emphasizes the high return on investment for businesses with optimized sales pages, making it an attractive service to offer.
🎨 Becoming a Thumbnail Designer for YouTubers
The third side hustle idea is to become a thumbnail designer, a service that is crucial for YouTubers. The script details how to use the 'permissionless apprentice model' by designing thumbnails for favorite YouTubers for free and then offering paid services if they like the work. It also discusses the potential earnings from thumbnail design, which can range from $30 to $11,000 per thumbnail, depending on the client. The importance of being good at the skill to provide value is highlighted, as is the moderate time investment required to maintain this side hustle.
💻 Starting as a Web Designer
The fourth side hustle idea is to become a web designer. The script shares the presenter's personal experience of starting as a web designer and how it served as a gateway to making money online. It discusses the effectiveness of the 'permissionless apprentice model' in securing clients by offering free initial designs. The script also covers the ease of learning web design through online tutorials and the potential to scale the side hustle by creating templates for faster production. The importance of good design for business branding and sales is emphasized.
✂️ Video Editing for Short Form Content
The fifth side hustle idea is to become a video editor for short form content. The script discusses the growing demand for video production skills due to the popularity of platforms like TikTok, Instagram Reels, and YouTube Shorts. It shares a successful outreach message example and emphasizes the importance of communication skills and portfolio presentation. The script explains that while video editing is time-intensive, it's not difficult to start, and the first $100 can be earned relatively easily, especially by reaching out directly to potential clients rather than relying on freelance platforms.
📈 Investing and Trading with Trading 212
The script introduces Trading 212 as a platform for investing and trading stocks, shares, foreign exchange, and ETFs. It highlights the app's practice mode for beginners to learn without risking real money and the ease of depositing funds for real trading. The presenter discusses the benefits of investing in broad market index funds and the auto-investing features of the app. It also mentions the option for UK residents to open an ISA for tax-free investments and provides a coupon code for a free share upon sign-up.
🤝 Becoming a Virtual Assistant or Operations Manager
The sixth side hustle idea is to offer services as a virtual assistant or operations manager to businesses, creators, or individuals. The script shares success stories of individuals who started as part-time assistants and progressed to running operations for multi-million dollar businesses. It emphasizes the ease of starting by offering services for free initially and the potential to earn a substantial income by providing value and becoming indispensable to the business.
📹 Establishing a Video Production Agency
The seventh and final side hustle idea is to establish oneself as a one-man media agency or video production expert. The script discusses the high demand for video content across various industries and the potential to earn a significant income by offering video production services. It shares the story of a videographer who started by offering free services in his area of interest and eventually built a successful career. The script also suggests starting with free work to build a portfolio and credibility, and emphasizes the importance of learning the necessary skills and selling one's services effectively.
Mindmap
Keywords
💡Side Hustle
💡Value Exchange
💡Content Writing
💡Sales Copywriting
💡Thumbnail Designer
💡Website Designer
💡Video Editor
💡Solopreneur
💡Video Production Agency
💡Investing
💡Digital Nomad
Highlights
The video discusses seven different side hustle ideas that can potentially earn an extra $1,000 a month.
Side hustles should ideally allow more income than a local service job, be enjoyable, and offer flexibility.
The importance of understanding the law of making money, which is an exchange of value.
Becoming a writer for businesses, focusing on B2B, can be a lucrative side hustle.
Content writing for blogs can significantly improve a business's SEO and sales.
The 'permissionless apprentice model' is suggested as an effective way to start as a writer without formal hiring.
Using AI tools can streamline the writing process and allow for greater efficiency.
Sales copywriting is a valuable skill with a clear ROI, making it a potentially profitable side hustle.
Thumbnail design is a sought-after skill for YouTubers and can be a lucrative side hustle with a relatively low entry barrier.
Website design is a skill that can be self-taught and offers a good income potential.
Short form video editing is in high demand due to the rise of platforms like TikTok and Instagram Reels.
Offering to be a 'second pair of hands' to busy creators or businesses can lead to a side hustle with growth potential.
Starting a video production agency, even as a one-person operation, can meet the high demand for business videos.
The presenter shares personal insights on choosing a side hustle, favoring web design due to personal interest and market demand.
Investing the earned side hustle income using platforms like Trading 212 is suggested for long-term growth.
The video emphasizes the importance of providing value and having a good understanding of the skills being offered.
The 'permissionless apprentice model' is highlighted as a low-risk strategy for gaining clients and building a portfolio.
The necessity of good communication skills and the ability to demonstrate competence when reaching out to potential clients.
Transcripts
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