7 Side Hustles Ideas to Make $1000/Month

Ali Abdaal・2 minutes read

The video discusses side hustle ideas to make an extra $1,000 a month, emphasizing the importance of autonomy, freedom, and experiences through additional income streams like writing for businesses or becoming a thumbnail designer for YouTubers. It highlights the potential for growth in sales copywriting, thumbnail design, video editing, and transitioning to agency models, as well as exploring investment opportunities with Trading 212 and offering operations and personal assistant services as a solopreneur.

Insights

  • Having a side hustle can provide financial autonomy, freedom, and opportunities for diverse experiences, emphasizing the importance of additional income streams beyond a regular job.
  • The process of making money involves exchanging value, learning valuable skills, and finding people willing to pay for those skills, with essential criteria for a successful side hustle including profitability, enjoyment, and flexibility.

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Recent questions

  • What are some side hustle ideas?

    Various side hustle ideas include writing, designing, and video editing.

  • How can I make money through writing?

    You can make money by writing for businesses, focusing on B2B services.

  • How can I start a video editing side hustle?

    Connect with the right people and develop efficient editing techniques.

  • What is Trading 212?

    Trading 212 is an app for trading stocks, shares, and ETFs.

  • How can I offer personal assistant services as a side hustle?

    Start by offering your services for free to gain experience and potentially transition to a full-time role.

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Summary

00:00

"Unlocking Side Hustle Success for Writers"

  • Side hustle ideas to make an extra $1,000 a month are discussed in the video.
  • Importance of having more money for autonomy, freedom, and experiences is highlighted.
  • Ways to make extra money include getting a raise at work or starting a side hustle.
  • Distinction between a side hustle and a second job is explained.
  • Criteria for a good side hustle: making more money, enjoying the work, and having flexibility.
  • The law of making money is explained as an exchange of value between parties.
  • Formula for making money involves learning a valuable skill and finding people willing to pay for it.
  • First side hustle idea: becoming a writer for businesses, focusing on B2B services.
  • Writing for businesses can include content writing for blogs or assisting creators with scripts.
  • The "permissionless Apprentice model" is recommended for finding writing opportunities without competition on freelance websites.

09:54

Boost profits with sales copywriting and design.

  • Improving conversion rates on sales pages by even 1% can significantly boost profits.
  • Securing one paying client can lead to more clients through word-of-mouth recommendations.
  • Sales copywriting requires skill and reading, but practice can enhance abilities.
  • Initiating sales copywriting can be done without waiting for permission.
  • Making the first $100 in sales copywriting can be relatively easy by offering services to businesses.
  • Sales copywriting can become less time-intensive with experience due to a standardized formula.
  • Becoming a thumbnail designer for YouTubers can be a lucrative side hustle.
  • Learning graphic design and creating appealing thumbnails can lead to high earnings.
  • Making the first $100 as a thumbnail designer can be straightforward by offering improved designs.
  • Thumbnail design can become less time-consuming over time as a consistent style is developed.

19:45

Maximize Side Hustle Potential Through Strategic Networking

  • To make your first $100 as a video editor, connect with the right people on Twitter, LinkedIn, and email instead of freelance marketplaces.
  • Video editing requires significant time and effort, but developing assets and templates can increase efficiency.
  • To advance your video editing side hustle, consider transitioning to an agency model by hiring junior editors.
  • After earning extra money from side hustles, consider investing with Trading 212, an app for trading stocks, shares, and ETFs.
  • Trading 212 offers a practice mode for risk-free investing and easy deposit methods like Apple Pay or credit cards.
  • You can invest in ETFs like the S&P 500 through Trading 212, minimizing the need for individual stock picking.
  • Consider becoming a solopreneur's second pair of hands by offering operations and personal assistant services.
  • Start by offering your services for free to gain experience and potentially transition to a full-time role.
  • Another side hustle idea is to establish a one-man video production agency, catering to businesses' video needs.
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