Multimillionaire Mark Tilbury’s Top Side Hustle Ideas to Earn $1000 Per Month in 2024
From being a broke school dropout to becoming a millionaire in his twenties, Mark Tilbury has learned a thing or two about successful side hustles. In his latest YouTube video, he breaks down his “Side Hustle Pyramid” strategy, designed to help you earn an extra $1000 per month in 2024.
Here’s a breakdown of his advice,
Level 1: Service-Based Side Hustles
Service-based side hustles let you monetize your skills and expertise by offering them directly to clients. If you have a specific talent, these hustles are for you. Here are some top picks:
- Video Editing (How to stand out)
Video editing is booming right now. With so much video content being produced, there’s a huge demand for skilled video editors. Don’t worry about saturation; many video editors have technical skills but lack storytelling ability. If you can master both, you’ll stand out and beat the competition. The beauty of video editing is the variety — you can work on long-form YouTube videos or short-form social media clips. Find the format you enjoy and go for it!
- Graphic Design (Skills many graphic designers lack)
Graphic design combines art and business. A well-designed graphic effectively conveys information and attracts attention. However, success in this field requires more than artistic talent; you need strong business skills, communication, and creativity. Detach emotion from your designs — some designers take offense at client requests for changes, but remember, it’s about meeting the client’s needs. In-demand graphic design work includes creating thumbnails, logos, websites, and even clothing designs. Focusing on a niche can help you stand out.
- Writing (Become the writer who earns from their work)
Writing is essential for many side hustles, but to make money, you need to write what’s in demand. Many writers focus on artistic expression, but profitable writing meets market needs. Publish where the readers are and concentrate on areas like sales pages, LinkedIn posts, online articles, email marketing, and social media scripts. Tailor your writing to match what the market wants.
- Coaching
Believe it or not, people will pay for coaching in all sorts of niches — even something like caring for pet fish! If you’re good at something and can help people see a change in their lives, you can make money coaching. Start with beginners and grow your client base from there.
Pro Tip for Service-Based Side Hustles
These hustles are easy to start but come with fierce competition. Make sure you have an exceptional website to build credibility and boost your earnings.
Level 2: Attention-Based Side Hustles
Attention-based side hustles revolve around capturing and holding people’s attention. They often involve using social media and other platforms to promote products or content.
- Affiliate Marketing without an audience.
In affiliate marketing, you promote other people’s products and earn a commission. If you don’t have an audience, start by making videos on TikTok, Instagram, or YouTube about specific products. Leverage their algorithms to get instant views and direct people to your affiliate links. Building a subscriber base is more sustainable, but it takes time. The key is to find products that perfectly fit your content and vice versa. Over time, this can turn into a passive income stream.
- Content Curation
If you have an eye for valuable and relatable content but don’t want to be on camera, content curation is for you. It’s about finding and organizing great content and posting it on social media. Essentially, you’re running a theme page. For example, the popular Instagram page “History Cool Kids” curates and shares fascinating historical photos and stories. Hit the right target audience, and you can make good money.
- Content Creation
Content creation is a massive industry with many niches. While it might seem intimidating, it’s very accessible. The key is to offer value, be authentic, and connect with your audience. Why should people stick around? Even if you don’t want to do this as a side hustle, it’s a great way to build a personal brand.
Level 3: Product-Based Side Hustles
Product-based side hustles involve selling physical or digital products. These hustles often require some upfront investment but can be highly profitable.
- Digital Products
Selling digital products can be highly profitable if you have the right skills. Offer valuable online content, like info products, that customers can learn from. Your offer needs to be valuable to a large audience to guarantee sales. Think about what you’re good at and how you can teach it to others. There’s a wide range of digital products you can sell, from educational content to creative assets.
- E-commerce vs. Dropshipping
E-commerce and dropshipping are lucrative side hustles because they allow you to tap into the vast online market with relatively low overhead costs. E-commerce involves selling physical products online. You handle everything from inventory to shipping. Dropshipping, on the other hand, lets you sell products without holding any inventory. When someone buys from your store, the supplier ships the product directly to the customer. Both methods require you to build trust and a connection with your audience. Your success depends on your ability to make customers feel confident in your brand.
Final Thoughts
Mark Tilbury’s advice makes it clear: you can make $1000 a month from any of these side hustles. Whether you’re offering a service, capturing attention online, or selling products, there’s a path for you. Find what fits your skills and interests, and go for it.
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