5 Side Hustles That Will Make You $500/day

Iman Gadzhi2 minutes read

Side hustles can generate significant online income, with opportunities to earn $2,000-$3,000 a month or more, including ideas like becoming a TikTok or YouTube video editor and Discord moderation. Starting an online boutique marketing agency with contractor arbitrage is recommended for high earnings potential reaching up to $100,000 monthly profit.

Insights

  • Learning basic video editing skills can lead to a lucrative side hustle, earning individuals $800-$1,500 monthly by editing videos for content creators.
  • Establishing an online boutique marketing agency through contractor arbitrage can generate significant income, with the potential to earn $10,000 a month and scale up to $50,000 to $100,000 monthly profit by outsourcing services and leveraging global market differences.

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Recent questions

  • How can I earn money online?

    By starting profitable side hustles like video editing or Discord moderation.

  • What are some lucrative side hustle ideas?

    Ideas include becoming a video editor, Discord moderator, or sales closer.

  • How much can I earn from side hustles?

    Potential earnings range from $2,000 to $30,000 a month.

  • Are there any side hustles that require no initial investment?

    Yes, starting a Discord management agency or online boutique agency.

  • What skills do I need for these side hustles?

    Basic video editing, moderation, or sales closing skills are essential.

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Summary

00:00

Lucrative Online Side Hustles for Income

  • Side hustles can generate significant income online, with opportunities to earn $2,000-$3,000 a month or even more.
  • Five side hustle ideas are shared in the video, promising potential earnings of $100,000 in a year or at least a few thousand dollars monthly.
  • Starting these side hustles requires zero initial investment.
  • Becoming a TikTok or YouTube video editor is a lucrative side hustle, with content creators willing to pay for quality editing services.
  • Learning basic editing skills from online resources can quickly equip individuals to edit videos for creators, potentially earning $800-$1,500 per month.
  • Discord moderation is another profitable side hustle, with demand for moderators to maintain community engagement and positivity.
  • Moderators can earn $500-$2,000 a month per Discord server managed, with the opportunity to scale by hiring additional moderators.
  • Establishing a Discord management agency can further increase earnings by offering 24/7 moderation services for a monthly retainer.
  • Remote sales closing for online programs, coaching, or masterminds is a high-income potential side hustle, with commissions ranging from 10% to 20%.
  • Sales reps can earn $10,000-$30,000 a month by effectively closing deals for businesses in the education and coaching industry.

11:22

"Profitable Online Boutique Agency and YouTube Channel"

  • Working for an organization for free or with reduced commission for training purposes is suggested.
  • Starting an online boutique marketing agency is recommended as a lucrative side hustle.
  • The agency model involves outsourcing service delivery through contractor arbitrage.
  • Contractors from countries like Romania, South Africa, Brazil, or Colombia can be paid $500 per month per client for services like ads, email marketing, SEO, and content creation.
  • The agency charges clients $1500 to $2500 a month, utilizing global market differences for profit.
  • Building an online boutique agency is highlighted as the fastest and most scalable way to earn $10,000 a month, with potential for $50,000 to $100,000 monthly profit.
  • Building a YouTube channel is suggested as a side hustle with long-term benefits, emphasizing the importance of planning for future monetization strategies.
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