5 Lucrative Side Hustles to Make Money- Simple Ways to Make Extra Money Online
Why aren’t you earning an extra $2,000-$4,000 a month online when there are so many side hustles available?
There’s a lot of opportunity.
I’ll share five side hustles that could significantly boost your income. The best part? Starting them costs nothing.
With dedication, some can even bring in over $50,000 a month. Read on to learn more.
In this article, we will explore five highly profitable side hustles that can help you earn extra money online.
In today’s world, there are numerous opportunities to leverage your skills and talents to make a substantial income.
Whether you’re looking to earn an additional $2,000, $3,000, or even more each month, these side hustles can be the perfect solution.
The best part is that they require no upfront investment, and with dedication and perseverance, you can even reach a six-figure income in a year.
1. TikTok and YouTube Video Editing
Are you skilled in video editing? If so, becoming a TikTok or YouTube video editor can be a lucrative side hustle. Many content creators on these platforms struggle with editing their videos or settling for subpar editing. By offering your video editing services, you can help them improve the quality of their content and save them time.
I recommend becoming a TikTok or YouTube video editor this year. Many high-earning content creators on YouTube either edit their own content or have subpar editing. For instance, I used to edit my own videos even when I was earning over seven figures. Poor editing affected my video rankings and retention rates. Even creators earning $10,000 monthly will happily pay up to $1,500 for quality editing services that deliver a clear ROI and save them time.
I recently hired a junior editor to manage my TikTok content. Had someone approached me a few months back with a good proposal, offering to boost my TikTok following for a reasonable price, I would’ve considered it. I’ve seen the potential in my own idle TikTok account, which despite being inactive, had many followers and was even verified.
Anyone can learn basic editing skills within a week through resources like Skillshare or YouTube. Editing TikTok videos or YouTube shorts is especially straightforward. To edit more complex content, like sit-down YouTube videos, one might need six to eight weeks of learning.
Reaching potential clients is simple: most are active on social media. You can DM them on platforms like Instagram or Twitter, or even email them. By repurposing their existing content, you can show them your editing style. With just a few clients, it’s feasible to earn $3,000 to $5,000 a month as a remote editor.
2. Discord Moderator
The next side hustle is becoming a Discord moderator. There’s a significant demand for moderators due to the growing number of communities on Discord, including those for NFT projects. As a moderator, your main task is to maintain a positive community atmosphere by removing unwanted content and engaging with members. Even basic interactions, like sending good morning messages or posing questions, can be part of the role.
If you have strong language skills, particularly in English or other major languages, you can earn between $500 to $2,000 a month. Managing multiple Discord servers can enhance your earnings; for example, overseeing three servers can yield around $3,000 monthly.
If you aim to earn more, consider starting a Discord Management Agency. You can hire moderators from regions where the USD has strong purchasing power, like South Africa or Eastern Europe, and pay them around $800 monthly. Then, offer a 24/7 moderator service to clients for a higher fee, like $5,000 a month, and keep the profit.
In summary, being a Discord moderator offers a straightforward income, with the potential to expand into an agency model for greater earnings.
3. Remote Sales Closer
Do you enjoy interacting with people and have a knack for sales? Consider becoming a remote sales closer for businesses and individuals who offer coaching, mastermind sessions, or online courses. These entrepreneurs often need dedicated sales representatives to handle the closing process while they focus on improving their products and services.
While this side hustle requires some training and practice, the potential to earn a substantial income is significant. Initially, you might offer your services for a lower commission or even for free to gain experience and build a track record. Once you become proficient, you can expect to make $10,000 to $15,000 per month or even more as a skilled sales closer.
4. Online Boutique Marketing Agency
Starting an online boutique marketing agency is a great hustle. I did it in high school with my agency, IG Media, and earned up to $25,000 a month by age 17.
So, what’s an agency? In simple terms, instead of doing the work yourself, like video editing or sales, you hire others to do it. This is called “contractor arbitrage.” You hire contractors from places like Romania or South Africa where costs are lower. They might handle tasks like ads, email marketing, or SEO for your clients.
For example, you pay a contractor $500 a month for each client they handle. If they manage three clients, that’s $1,500. But you might charge your client $2,500 for the same work. This difference in price is where you make profit.
Why does this work? Because $500 might go further in Romania than in the US. So, you’re essentially hiring quality work for less and selling it for more to clients in countries like the US or UK. It’s similar to why many goods are made in China and sold in the West for more. This simple model can be very profitable.
5. YouTube Channel
Starting a YouTube channel is a long-term investment. You might not see results immediately, but with persistence, the benefits can be significant. Before beginning, decide how you’ll monetize the channel. This could be through gaining clients, selling courses, or promoting a product or service. The goal is to have a clear strategy for future revenue.
While you can follow the path of other successful YouTubers, it’s crucial to bring your unique touch. For example, besides my primary content, I also discuss topics like watches, fashion, and geopolitics.
Before beginning, decide how you’ll earn money from it, whether through gaining clients, selling courses, or promoting a service. It’s essential to have a clear long-term plan. Don’t just copy other YouTubers; make your content unique. For instance, besides business topics, I discuss watches, fashion, and deeper subjects like spirituality and geopolitics.
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