The Top 9 HIGH-PAYING Side Hustles You Can Start in 2024

The Top 9 HIGH-PAYING Side Hustles You Can Start in 2024

In today’s digital age, there are countless opportunities to earn extra income online. With the rise of remote jobs and flexible working hours, all that is needed is a laptop and a good internet connection. In this article, we will explore the nine best side hustles for making money online.

Side hustle I’ve recommended include selling digital products such as eBooks, video courses, and digital art, which is a cost-effective side hustle with relatively low risk, as there is no need for operational costs for packaging, storing, or shipping. Other side hustles covered in this article include data entry services, video editing, online bookkeeping, virtual event planning, proofreading, bookkeeping, translating, and print on demand business. With the right skills and dedication, anyone can earn extra income through these side hustles.

Key Takeaways

  • Selling digital products, offering data entry services, and video editing are all profitable side hustles that require minimal initial investment.
  • Online bookkeeping and virtual event planning are high paying side hustles that require attention to detail and excellent time management skills.
  • A Print on Demand Business is an excellent option for generating passive income, but it is important to choose the right platform to sell your designs.
  • Proofreading is a very good way to earn money as a side hustle, and can get your practice up and running fairly quickly.

Online Proofreading

You can make money using proofreading as a side hustle by honing your skills through courses and training offered by Proofread Anywhere.

The platform provides proven courses and business resources for proofreaders, offering the flexibility to manage your own schedule and the opportunity to earn extra income doing something you enjoy. According to Proofread Anywhere, people like you and I have successfully earned extra money through their proofreading side hustle, making up to $1200 a month or more (source: Proofread Anywhere).

Digital Products Sales

Selling digital products is a popular and cost-effective side hustle with relatively low risk. There’s no need for operational costs for packaging, storing, or shipping. Depending on how much one charges for their products, they can earn anywhere from $20 to $5,000 per month or even more.

Once a digital product is created, the seller will need to find a platform to sell it. They can sell on an e-commerce marketplace like Gumroad or Teachable, depending on their product type. But if they want more functionality and flexibility, they can consider selling it on their own website. This gives them better control over branding and helps them bypass additional transaction fees.

Many companies and businesses prefer to outsource menial or routine tasks, making data entry services a high demand side hustle. Online data entry involves organizing and inputting data from paper documents, scanned images, or audio files into a computer program. As the job doesn’t require a specialized degree, it is a great side hustle for college students or anyone looking to earn extra money. A typical data entry clerk in the US earns about $24 per hour, but the rate will also depend on the niche. For example, specializing in medical or legal transcription means one can charge higher since they will be inputting large amounts of data. Being accurate and detail-oriented is crucial in this job. Moreover, ensuring one has the patience to sit in front of a computer for extended periods of time doing repetitive tasks is a must. Basic computer skills and familiarity with spreadsheets and word processing software are also required.

Video editing is another in-demand side hustle. Video editors get footage and assemble them with sound effects, graphics, and animations to tell a story. Around 90% of companies use videos as a marketing tool, making video editing one of the most in-demand jobs. Even as a side hustle, one can edit many types of videos, including conference videos, explainer videos, company profiles, and subject matter expert interviews. Freelance video editors can earn anywhere from $5 for shorter length videos to several thousand dollars if they work for a big company.

To become a freelance video editor, one must master video editing tools like Adobe Premiere Pro, InShot, or iMovie. Many free tutorials and courses are available to help one learn the basics. Having an eye for visual aesthetics is also important. One must know which effects and footage to use to craft an engaging and appealing video. They’ll also need to have patience as they sift through hours of raw footage to find the best ones to include in the final cut. Lastly, having a portfolio can help potential clients decide whether to use one’s services.

Bookkeeping is another great side hustle to consider if one is good with numbers. As an online bookkeeper, one will record financial transactions like sales using cloud-based software. Some tasks include processing payments, managing payrolls, receiving and recording receipts, creating financial reports, and reconciling them to third-party records like bank statements. Bookkeeping is great for detail-oriented people who are comfortable juggling numbers. Most online bookkeeping jobs don’t require an accounting degree, but one should have some experience using spreadsheets, balancing accounts, and operating accounting software like QuickBooks and Xero. Having a certification in bookkeeping can also help boost one’s credibility and leverage their profile among other job seekers. In general, bookkeeping is a profitable side hustle depending on the years of experience. A remote bookkeeper can earn between $20 to $100 per hour.

Virtual event planning is another side hustle to consider. Nowadays, various events take place online, from meetings and webinars to trade shows. To ensure the event goes smoothly, many companies and businesses hire a virtual event planner who will be responsible for the logistics, technology, and execution of the event. A virtual event planner should be technologically savvy and solutions-oriented. If technical errors happen during the events, finding a backup is one of their responsibilities. For instance, if a presenter loses their internet connection, the virtual event planner should inform another speaker to present first and then notify the audience. Planners also keep track of the event rundown and ensure attendees receive the right links to participate. Most job postings also require event planners to organize and distribute the event’s details. This includes sending a welcome email, guiding participants throughout the sign-up process, and encouraging attendees to give feedback. As virtual event planners will be interacting with various people, having great communication skills is a must. They should also be detail-oriented and have excellent time management skills. While one doesn’t need a special degree to become a virtual event planner, having prior training or equivalent job experience is a plus. Getting certified in event management or hospitality can also help boost the chances of securing one’s first client. Virtual event planning is a high-paying side hustle, as the average income in the US is $29 per hour.

Data Entry Services

One of the most in-demand side hustles online is data entry services. Many companies and businesses prefer to outsource menial or routine tasks, making data entry services a high demand side hustle. Data entry involves organizing and inputting data from paper documents, scanned images, or audio files into a computer program. As the job doesn’t require a specialized degree, it is a great side hustle for college students or anyone looking to earn extra money.

Data entry clerks get paid by the amount of work they do and can decide their own hours, even if only on the weekends. A typical data entry clerk in the US earns about $24 per hour, but the rate will also depend on the niche. For example, specializing in medical or legal transcription means you can charge higher since you will be inputting large amounts of data. Being accurate and detail-oriented is crucial in this job. Moreover, ensure you have the patience to sit in front of a computer for extended periods of time doing repetitive tasks. On top of that, you should have basic computer skills and be familiar with spreadsheets and word processing software.

Various data entry jobs are available on popular freelancing websites like FlexJobs and Fiverr. If you prefer working part-time for a company, browse recruitment websites like ZipRecruiter and Indeed to find data entry job listings.

Video Editing

Video editing is a highly sought-after side hustle, with around 90% of companies using videos as a marketing tool. As a freelance video editor, one can earn anywhere from $5 for a shorter length video to several thousand dollars if working for a big company.

To start, one needs to master video editing tools like Adobe Premiere Pro, InShot, or iMovie. Many free tutorials and courses are available to help learn the basics. Having an eye for visual aesthetics is also important, as it is necessary to know which effects and footage to use to craft an engaging and appealing video. Additionally, one needs to have patience as video editors sift through hours of raw footage to find the best ones to include in the final cut. Lastly, having a portfolio can help potential clients decide whether to use one’s services. It is recommended to dedicate some time to exploring various editing software and creating some samples.

Various video editing jobs are available on freelance marketplaces and job posting sites like Glassdoor and JobStreet. One can also do a cold outreach to individual creators and companies to pitch their services directly.

Online Bookkeeping

Online bookkeeping is a profitable side hustle for those who are good with numbers. As an online bookkeeper, one will record financial transactions using cloud-based software. Some tasks include processing payments, managing payrolls, receiving and recording receipts, creating financial reports, and reconciling them to third-party records like bank statements.

Most online bookkeeping jobs don’t require an accounting degree, but one should have some experience using spreadsheets, balancing accounts, and operating accounting software like QuickBooks and Xero. Having a certification in bookkeeping can also help boost credibility and leverage one’s profile among other job seekers.

In general, bookkeeping is a profitable side hustle depending on the years of experience. A remote bookkeeper can earn between $20 to $100 per hour. Upwork is a great place to start finding a remote bookkeeping job.

Virtual Event Planning

Virtual event planning has become an increasingly popular side hustle in recent years. With the rise of remote work, many companies and businesses are hosting events online such as meetings, webinars, and trade shows. Virtual event planners are responsible for the logistics, technology, and execution of these events.

To ensure a successful event, virtual event planners must be technologically savvy and solutions-oriented. They are responsible for organizing the team and ensuring that presenters, vendors, and participants know how to use the platforms. In the event of technical errors, virtual event planners must find a backup solution. For example, if a presenter loses their internet connection, the virtual event planner should inform another speaker to present first and then notify the audience.

Virtual event planners also keep track of the event rundown and ensure attendees receive the right links to participate. This includes sending a welcome email, guiding participants throughout the sign-up process, and encouraging attendees to give feedback. Having great communication skills, being detail-oriented, and having excellent time management are crucial for success in this side hustle.

While a special degree is not required to become a virtual event planner, prior training or equivalent job experience is a plus. Getting certified in event management or hospitality can also help boost the chances of securing your first client. Virtual event planning is a high paying side hustle, with the average income in the US being $29 per hour. Job postings for virtual event planners can be found on freelance marketplaces such as Upwork, Fiverr, or Flex jobs.

Print On Demand Business

Print on demand is a type of business that involves partnering with a white label supplier to print customized designs on certain products such as shirts, mugs, and phone cases. This business model is an excellent option for individuals who want to generate passive income without the need for inventory management.

One of the great things about print on demand is that the product is only created whenever a customer makes an order. Therefore, there is no need for inventory management, and the supplier will manage the printing, packaging, and deliveries.

There are two types of platforms to sell designs as print on demand. The first is online marketplaces like Amazon or Redbubble, which helps reach a broader audience. However, these platforms tend to charge a commission fee, and there’s limited room for customization. The second option is to sell on a self-hosted website, which gives better control over branding and helps bypass additional transaction fees.

Ribbon and Ink is an example of a print on demand business that sells ready-to-go website templates targeted at design creatives and entrepreneurs. Since customers can purchase the products straight from the site, the business can optimize the user journey, build stronger branding, and claim all revenue.

Overall, print on demand is a cost-effective side hustle with relatively low risk. Depending on how much one charges for their products, they can earn anywhere from $20 to $5,000 per month or even more.

Translating

To make money with your own translating business, you can take the following steps:

  1. Specialize in a Niche: Focus on a specific industry or type of translation, such as legal, medical, or technical, to stand out in the market and attract clients with specific needs (source: Write To Done).
  2. Build a Professional Website: Establish an online presence to showcase your services, expertise, and client testimonials, which can help attract potential clients and build credibility (source: Write To Done).
  3. Network and Market Your Services: Connect with potential clients through networking events, social media, and professional associations. Additionally, consider creating a marketing strategy to promote your business and reach a wider audience (source: Write To Done).
  4. Offer Additional Services: Consider providing related services such as localization, transcreation, or subtitling to diversify your offerings and appeal to a broader client base (source: Write To Done).

By implementing these strategies, you can establish and grow your own translating business to generate income and attract clients.

Online Researcher

You can make money as an online researcher by:

  1. Freelancing: Offer your research services on freelancing platforms such as Upwork, Freelancer, or Fiverr, where businesses and individuals seek researchers for various projects (source: Real Ways to Earn).
  2. Virtual Assistant Roles: Many virtual assistant positions involve conducting research for clients, making it a potential source of income for online researchers (source: Dream Home Based Work).
  3. Market Research Companies: Apply to work for market research companies that require online researchers to gather data and insights for their clients (source: Crowd Work News).
  4. Academic Research: Pursue opportunities to assist with academic research projects or collaborate with researchers in your field of expertise (source: Quora).

By leveraging these avenues, you can monetize your research skills and expertise as an online researcher.

Conclusion:

Using these ideas and resources I’m sure you can find a way to create a new side hustle. The excitement of starting something new is always fun but make sure you follow through by utilizing some training in each category to ensure you make it around and forthcoming roadblocks. You can do it!

Martin Hamilton

Martin Hamilton is the founder of Guiding Cents. Martin is a Writer, Solopreneur, and Financial Researcher. Before starting Guiding Cents, Martin has been involved in Personal Finance as a Mortgage Planning Consultant, Licensed Real Estate Agent, and Real Estate Investor.

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