6 Side Hustles Students Can Start in 2024

Ali Abdaal・2 minutes read

Various side hustle ideas are explored, emphasizing the importance of providing value to make money and the opportunity for financial freedom. Examples of successful individuals in fields like writing, content curation, service-based businesses, and remote sales representation highlight the potential for significant earnings and success in these areas.

Insights

  • Providing value through services, products, and content is essential for making money, as discussed by the speakers, emphasizing the importance of offering something valuable to potential customers in exchange for financial returns.
  • Various side hustle ideas, from writing to web design to remote sales, offer individuals financial freedom and independence, showcasing the diverse opportunities available beyond traditional income sources and the potential for substantial earnings through these endeavors.

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Recent questions

  • What are some popular side hustle ideas?

    Side hustle ideas include services, products, and content.

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Summary

00:00

"Unlocking Financial Freedom Through Side Hustles"

  • Side hustle ideas are discussed for students, applicable to others as well.
  • Making money involves providing value to those willing to pay.
  • Understanding the skill of making money is crucial.
  • Side hustles offer financial freedom and independence from a single income source.
  • Various side hustles have significantly impacted the speaker's life.
  • Three main ways to provide value for making money: services, products, and content.
  • Side hustles should offer flexibility, enjoyment, and financial returns.
  • Internet-enabled side hustles are recommended for their global reach and flexibility.
  • Example of a successful writer, Jack Reigns, monetizing his newsletter through ads and consulting calls.
  • Low barrier to entry for writing as a side hustle, with tips on how to connect with successful writers.

09:51

"Commission-free trading with unique features"

  • Trading212 offers commission-free trading with features like pies and auto-invest, allowing users to invest in pre-made stock baskets or create their own.
  • Multi-currency account support helps avoid foreign exchange fees when investing in international markets like the US.
  • Interest is paid on uninvested cash in Invest or Isa accounts in pounds, Euros, or US Dollars.
  • A link in the video description offers a chance to claim a free share worth up to 100 pounds by setting up the app.
  • Content curation, distinct from creation, involves curating existing content like enamel pins or book insights for monetization.
  • Examples include Eduardo Morales growing an Instagram account to 100k followers and making $3,500 monthly from enamel pin sales.
  • Content businesses, like YouTube channels, often follow a J curve, requiring time and effort before profitability.
  • Service-based businesses, like thumbnail design for YouTubers, offer quicker monetization opportunities.
  • Thumbnail designers like Dill Tomah and Matt Brighton have turned their skills into lucrative full-time jobs.
  • Research assistant roles, like Drew Bernie assisting Mark Manson, can be valuable opportunities for students in PhD programs.

20:09

Lucrative Side Hustles: Remote Sales, Web Design

  • Billy Oppenheimer, Ryan Holliday's research assistant, secured his position through a compelling cold email, showcasing the importance of crafting effective communication to land desired roles.
  • Research assistants like NS, Alex, and Mike play a crucial role in aiding content creators and authors by conducting internet research, reading scientific articles, and extracting valuable insights.
  • A lucrative side hustle involves becoming a remote sales rep, where individuals assist companies in selling products to customers through Zoom calls and phone conversations, earning commissions on successful sales.
  • An example of successful remote sales rep is Wuter Tui Toy Nissan, who, while studying full-time, sold $250,000 worth of ads for Milk Road Daily, showcasing the potential for substantial earnings in this role.
  • Web design presents a profitable side hustle opportunity, with a high demand for skilled designers in the market, exemplified by Chris Mrreck's journey from self-taught coder to earning over $3,000 a month through web design projects.
  • Learning web design skills, like Henry did with Webflow, can lead to lucrative opportunities, such as securing high-paying clients like the narrator, who paid him generously for designing a website, highlighting the potential for significant income growth in this field.
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