Podcast Summary
Video editing side hustle: To make $1,000 a day as a video editor for businesses or creators, you only need 10 clients on a retainer, each paying $2,800 per month. With the growing demand for online video content, this side hustle offers flexibility and significant income potential.
Creating a profitable side hustle is now more achievable than ever before, but it's important to choose one that's worth your time and effort. According to today's guest, Maya, becoming a video editor for businesses or creators is a high-demand and lucrative side hustle idea. To make $1,000 a day, or approximately $28,000 a month, you only need 10 clients on a retainer, each paying $2,800 per month. With the shift towards online video content, the demand for skilled video editors continues to grow. Plus, it allows for flexibility and the ability to earn significant income while still having time for personal pursuits. Overall, starting a side hustle that aligns with your skills and passions can lead to financial freedom and a better work-life balance.
Digital Income Streams: Creating and selling digital products or offering video editing services can generate $1000 daily income. Charging a flat monthly rate for video editing attracts 100 new customers, while creating valuable digital products offers passive income.
Creating and selling digital products or providing video editing services can generate a consistent income of $1000 per day. For video editing, the process involves helping small businesses create engaging content by editing their raw videos. Charging a flat rate of $2800 per month for this service can bring in around 100 new customers. Starting off with one client and using their success as a case study to attract more businesses is an effective pitching strategy. For digital products, leveraging expertise and knowledge in a specific area to create a valuable course or resource can provide passive income. By investing time and effort upfront, one can reap the benefits and help others while growing their own income.
Digital products, Bookkeeping: Creating and selling digital products and offering bookkeeping services as a side hustle can lead to long-term growth and financial freedom with minimal ongoing work
Creating and selling digital products can be a profitable side hustle that pays for itself over time. This can be achieved by consistently sharing valuable content on social media platforms like LinkedIn and growing an email list. The initial investment of time and resources upfront can lead to a scalable business with minimal ongoing work. Digital products also offer the advantage of being a finished product that can be sold repeatedly without the need for continuous production. While it may not yield instant financial success, the potential for long-term growth and the flexibility to work at your own pace make it an attractive option. Another in-demand side hustle is becoming a bookkeeper, which involves managing a client's financial records and transactions, freeing up their time for other business activities. This can be a valuable service for small businesses and entrepreneurs who lack the resources for dedicated accounting services.
Bookkeeping for Small Businesses: Bookkeepers record financial transactions, manage invoices, and handle day-to-day financial functions for small businesses, allowing owners to focus on their creative pursuits. Remote work and high demand make it an attractive opportunity.
Being a bookkeeper is a crucial yet manageable role for businesses, especially for small business owners and creators who may not have the time or expertise to handle their financial transactions. Bookkeepers record financial transactions, manage invoices, and handle day-to-day financial functions, allowing business owners to focus on their creative pursuits. Bookkeeping can be done remotely, making it an attractive side hustle or full-time opportunity for those with strong math and Excel skills. Additionally, there is a high demand for bookkeepers, particularly for those who can help property investors find and assess potential properties, even if the investors are located in different areas. This can be a lucrative opportunity for those looking to start a side hustle or build a career in finance.
Property Investment Assistance: Individuals can help property investors find profitable properties for a fee through various methods, requiring a significant initial time investment but offering ongoing income potential.
Individuals can help property investors find profitable properties in exchange for a fee. This can be done through various methods such as presenting properties with a high yield, offering a membership to access exclusive listings, or marketing services through property investor associations and social media. The initial setup may require a significant time investment, but the process can be repeated once established. For example, creating and editing promotional videos or finding properties for investors can be done with minimal resources and creativity. Overall, this approach provides an opportunity for individuals to earn income while helping others make informed property investments.
Personality and Investing: Personality traits can influence investment choices, with extroverts potentially preferring real estate and introverts considering peer-to-peer lending or blogging. Regardless, there's a wealth-building opportunity for all.
There are various investment opportunities available to suit different skill sets and personality types. For those who are extroverted and local to an area, real estate investing might be ideal. For introverts who prefer working alone, peer-to-peer lending or blogging about investing could be better options. Those with a creative side might find value in creating content or building a community around investing. Ultimately, regardless of your personality, there's a path to growing wealth through investing. The Girls That Invest podcast aims to share knowledge and information about various investment strategies, but it's essential to remember that the advice is educational and not personalized. Always do your own research and due diligence before making any investment decisions.