How can becoming a YouTube video editor be a profitable side hustle?

Many content creators either edit their own videos poorly or don't have an editor, resulting in lost business opportunities. By offering high-quality editing services, individuals can earn a substantial income.

What are the benefits of starting a Discord management agency?

Starting a Discord management agency allows individuals to earn thousands of dollars a month by offering 24/7 discord management services to clients for a monthly retainer fee. It can be a lucrative side hustle, especially if one manages multiple Discord servers.

How can building an online boutique agency be a profitable side hustle?

Building an online boutique agency is the fastest and most scalable way to reach $10,000 a month and potentially $50,000 to $100,000 a month in profit. By hiring contractors in cheaper economies, individuals can offer various marketing services to clients and make money through arbitrage.

What are some other side hustles mentioned in the video?

The video mentions other side hustles such as remote sales closing, becoming a sales rep, and starting marketing agencies for NFTs, solar companies, and sales. These side hustles have the potential to generate significant income.

Best Side Hustles for 2023: Earn up to $100K

Name: Best Side Hustles for 2023: Earn up to $100K
Uploaded: 2023-07-13 01:23:20
Description: The video shares five potential side hustles that can earn individuals up to $100,000 in the next year, including becoming a YouTube video editor, starting a Discord management agency, remote sales closing, and building an online boutique agency.

This article is a summary of a YouTube video "5 Side Hustles That Will Make You $500/day" by Iman Gadzhi

TLDR The video shares five potential side hustles that can earn individuals up to $100,000 in the next year, including becoming a YouTube video editor, starting a Discord management agency, remote sales closing, and building an online boutique agency.

Key insights

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There is a lot of opportunity for side hustles that can easily make you a hundred thousand dollars in the next year, with some even offering the opportunity to make upwards of fifty thousand dollars a month.
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Offering to create TikTok content for businesses can be a lucrative side hustle, with the potential to earn thousands of followers and dollars per month.
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With just a few clients, it's easy to make thousands of dollars a month as a remote video editor by repurposing content from social media influencers.
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Starting a discord management agency can be a lucrative side hustle, with the potential to earn thousands of dollars per month by hiring and managing a team of moderators.
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Starting an online business and outsourcing delivery through contractor arbitrage can help everyday people quickly scale up to $10,000 a month.
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Contractor arbitrage allows agency owners to outsource service delivery and make a profit without actually delivering the services themselves.
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The concept of global arbitrage can be a controversial but profitable side hustle, allowing individuals to take advantage of different economies and sell to western clients for a premium.
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Building an online boutique agency has the highest ability to scale and can generate up to 100-150k a month profit with a real company and an incredible team.

Q&A

What are some potential side hustles that can earn individuals up to $100,000 in the next year?

— The video suggests becoming a YouTube video editor, starting a Discord management agency, remote sales closing, building an online boutique agency, and offering TikTok content creation services as potential side hustles that can generate significant income.
How can becoming a YouTube video editor be a profitable side hustle?

— Many content creators either edit their own videos poorly or don't have an editor, resulting in lost business opportunities. By offering high-quality editing services, individuals can earn a substantial income.
What are the benefits of starting a Discord management agency?

— Starting a Discord management agency allows individuals to earn thousands of dollars a month by offering 24/7 discord management services to clients for a monthly retainer fee. It can be a lucrative side hustle, especially if one manages multiple Discord servers.
How can building an online boutique agency be a profitable side hustle?

— Building an online boutique agency is the fastest and most scalable way to reach $10,000 a month and potentially $50,000 to $100,000 a month in profit. By hiring contractors in cheaper economies, individuals can offer various marketing services to clients and make money through arbitrage.
What are some other side hustles mentioned in the video?

— The video mentions other side hustles such as remote sales closing, becoming a sales rep, and starting marketing agencies for NFTs, solar companies, and sales. These side hustles have the potential to generate significant income.

Timestamped Summary

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00:00
There are many side hustles available online that can make you thousands of dollars a month without any initial investment, and in this video, the speaker shares five side hustles that could potentially earn you a hundred thousand dollars in the next year.
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00:54
Become a YouTube video editor for high impact content creators or create TikTok content for others to earn a profitable side hustle, as many creators lack editing skills and growth potential, but be sure to properly outreach for opportunities.
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03:35
Learn basic editing skills online to earn thousands of dollars a month as a remote video editor or discord moderator with just a few clients.
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05:25
Start a Discord management agency and earn upwards of $2000 a month by hiring moderators and offering 24/7 management services, while earning $800 a month through side hustles can be significant in countries with stronger purchasing power.
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08:01
Build an online boutique agency or become a discord moderator to earn extra income, with examples of e-learning platforms and sales reps making 10-15k in commissions.
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10:08
Remote sales closing is a lucrative side hustle for those with good sales skills, with the potential to earn up to 30k a month, but it requires training.
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11:45
Starting an online boutique marketing agency through contractor arbitrage can be a profitable side hustle by hiring marketing agencies in cheaper economies to do various tasks for western clients.
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14:35
Building an online boutique agency is the fastest and most scalable way to reach $10,000 a month and potentially $50,000 to $100,000 a month in profit, while adding your own unique flavor, but viewers should also get creative and check out their other video on the best online business to start this year to learn how to implement and scale to 10k a month quickly.