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7 Side Hustles Students Can Start In 2024

Introduction

In today's world, young people are often told that obtaining a university degree guarantees a high-paying job. While this may have been true in the past, it isn’t the reality anymore. Despite the value of education and the unforgettable student experience, relying solely on a degree for financial success isn't the best strategy. Instead, students should consider starting side hustles that could evolve into significant income streams. Below are seven side hustles that students can start in 2024, complete with real-life examples and ratings based on various criteria.

1. Faceless Short Form Content Creation

Daniel Bittencourt, who started creating content at 13, now earns an astounding half a million dollars monthly through short-form content on Snapchat without showing his face. This newfound opportunity arose due to fierce competition among social media platforms like Snapchat, TikTok, Instagram, and YouTube, which need fresh content to attract users.

Ratings:

  • Time to learn: 4/5
  • Money needed: 1/5
  • Ease to make $ 1,000/month: 1/5

Creating captivating short-form videos requires a deep understanding of human psychology and narrative structure more than fancy editing skills.

2. Investing

Investing may not strictly be a side hustle, but it's worth mentioning because it can be highly lucrative. One can start investing with as little as $ 1 through platforms like Trading 212, allowing for dollar-cost averaging strategies to build a portfolio effectively over time.

Ratings:

  • Time to learn: 1/5
  • Money needed: 1/5
  • Ease to make $ 1,000/month: 1/5

Investing can yield substantial returns, especially by consistently reinvesting profits or pairing it with active side hustles that generate cash flow.

3. Discord Building

Chris Peters has turned managing Discord servers into a lucrative business, projecting $ 115,000/month at just 19 years old. As Discord grows in popularity across various communities, the demand for those who can create and manage these virtual spaces is soaring.

Ratings:

  • Time to learn: 2.5/5
  • Money needed: 1/5
  • Ease to make $ 1,000/month: 1/5

Learning by joining multiple community servers can offer insights into what makes a successful Discord group.

4. Online Coaching

Jack Jefferson quit his $ 70,000 job in London to pursue online fitness coaching, generating $ 7,000/month. While fitness coaching is one avenue, the potential for online coaching extends to various skills, including business mentorship, life coaching, and more.

Ratings:

  • Time to learn: 2/5
  • Money needed: 1/5
  • Ease to make $ 1,000/month: 1/5

Creating personalized coaching plans is key to attracting clients willing to pay for convenience and expert guidance.

5. AI Animation

Mercy, an animator, earns between $ 8,000 and $ 10,000 per month by creating animations for clients. With AI's growing presence, animators have ample opportunities to stand out and offer creative services that businesses are eager to invest in.

Ratings:

  • Time to learn: 4/5
  • Money needed: 1/5
  • Ease to make $ 1,000/month: 2/5

While AI tools can facilitate animation, mastering animation principles is vital for long-term success in this field.

6. Reselling Luxury Items

Ben Gallagher generated an astonishing £77.2 million in 2023 by reselling luxury items through his business, Lux Collective. The luxury resale market continues to grow, giving savvy entrepreneurs a vast marketplace to exploit.

Ratings:

  • Time to learn: 4/5
  • Money needed: 3.5/5
  • Ease to make $ 1,000/month: 1/5

Understanding the luxury market and identifying authentic items are crucial in this lucrative business model.

7. Online Writing

Adam earns over $ 10,000 a month by writing online. Rather than pursuing traditional fiction writing, he focuses on producing commercial writing that clients actively seek.

Ratings:

  • Time to learn: 5/5
  • Money needed: 1/5
  • Ease to make $ 1,000/month: 1/5

High-quality writing offers immense earning potential, especially when businesses require engaging and persuasive content.

As these examples demonstrate, even students can embrace the digital economy, leveraging their skills and interests to create income-generating opportunities.

Keywords

  • Side Hustles
  • Students
  • Short Form Content
  • Investing
  • Discord Building
  • Online Coaching
  • AI Animation
  • Luxury Reselling
  • Online Writing

FAQ

1. What are the best side hustles for students in 2024?

  • Some of the best side hustles for students include faceless short-form content creation, online coaching, and Discord building.

2. How much money do I need to start these side hustles?

  • Many of these side hustles can be started with little to no initial investment, such as online writing and Discord building.

3. How difficult is it to make $ 1,000 per month with these side hustles?

  • The difficulty varies, but many students should find that if they commit to their chosen side hustle and offer quality services, reaching this goal is achievable.

4. Are side hustles worth it while studying?

  • Yes, engaging in side hustles can provide financial freedom, valuable experience, and skills that benefit you in your future career.

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