Hey freedom fighter, contrary to what hustle influencers on X are telling you, quitting your job is not the only way to start a business.
Start it on the side first.
And turns out, there are plenty of remote side hustles too!
FROM OUR LABS
🧠 Last chance to join my remote side hustle beta program!
This is the final email I’ll send about our exclusive Beta Program for our upcoming course, Remote Side Hustle Profits. (title TBD)
After generating over $30k in remote side hustle revenue, I’ve received an overwhelming amount of questions from readers about how to earn an extra $1,000/month on the side.
Why join the Beta Program?
- ⌛️ Early Access: Be the first to experience the Remote Side Hustle Profits curriculum, get personalized Q&As, and co-create the course with me.
- 🧠 Shape the Course: I will be starting from scratch and creating course videos on a weekly cadence based on your feedback over a 4-week course creation sprint (95% async).
- 🌎️ Intimate Community: Connect with like-minded professionals from diverse sectors, including tech and finance who are also part of the beta program.
- 🔥 Exclusive Price: In exchange for your help, I’m offering a 75% discount ($222 value). Plus, if you complete the beta tester feedback form, then I'll rebate 100% of your fee.
- 🏇 Limited Spots Available: Act fast! We're accepting 25 beta testers.
👉️ Apply via this 5-minute form, then we’ll get in touch about next steps if there’s a good fit!
💪 10 Remote Side Hustles to Earn $1k/Month (Part 1)
What is it: Use your expertise to help businesses solve a specific problem, from marketing to software development
Platforms: Linkedin, Upwork, Catalant
Pros: Leverage your existing skills, flexible hours
Cons: Requires a strong network, inconsistent income
Example: Sean O’Dowd started consulting on the side when he joined a tech startup as employee #40 and wanted to pay off a loan that he took out to buy an engagement ring for his then-financé. He eventually took it full-time and grew his revenue to $500k/year.
Be first to submit a pitch. When asked why he believes he ultimately became so successful on Catalant, Sean explains that he started by being open to doing the work that other consultants on the platform weren’t signing up to do.
He submitted proposals for projects that were live on the platform but had not yet received any pitches. By taking on these projects Sean was able to deliver results and begin collecting social proof, including glowing reviews, from his clients. (source)
2. Digital Marketing Agency
What is it: Provide digital marketing services like social media, paid ads, SEO, lead generation, etc.
Platforms: Linkedin, your own website
Pros: Quick to get started, flexible hours
Cons: Hard to scale, potentially high operational effort
Example: Genspot, my close friends’ Pak and Ale’s agency that they run on the side working as full-time as Sales Directors
Agency is a great side hustle because you have a good monthly renewal. The downside? It can be quite a bit of effort depending on the service you are selling. So be sure to niche down on areas that you are able to automate with VAs or interns as an easy and cost effective solution.
Pak Teng, Sales Director by day, Marketing Maven at night
3. Career Coaching
What is it: Helping professionals navigate their job search, negotiations, and career growth
Platforms: Linkedin, your own website
Pros: Rewarding, opportunity to make a significant impact
Cons: Clients typically desire industry experience, need emotional intelligence
- Alex Berghofen is the CEO of a headhunting firm by day and moonlights as a career coach at night. Many candidates come to him for with their careers, but they may not qualify for his headhunting service, so he offers coaching help
- In 2019, I started a career coaching service during my travel sabbatical to help tech professionals make a career transition
Optimize for lots of discovery calls. When I started career coaching, I ramped up faster by joining an online career coaching marketplace. This matched me with a high volume of discovery calls each week, which gave me a rapid feedback loop to learn (1) if I would enjoy doing it (2) if I was good at it and getting my clients results and (3) how to improve my coaching techniques.
4. Starting an Online Store
What is it: Selling physical or digital products online on e-commerce platforms and marketplaces
Platforms: Shopify, Amazon, Etsy
Pros: High income potential, quick to monetize, scalable
Cons: Requires initial investment, competitive depending on your niche
- Steve Chou and his wife built a 6-figure e-commerce store, BumblebeeLinens.com, in their first year of operations while he was working full-time as a Silicon Valley engineering director
- Mark Soh and Ara Kyi became a 7-figure distributor for Paper Shoot Cameras while working full-time for tech startups
Protip #1 - According to Steve, you don’t have to sell on Amazon. You can pick from multiple e-commerce models like (1) affiliates (2) dropshipping (3) selling other people’s products with inventory and (4) sell your own private label.
Protip #2 - If you're interested in becoming a distributor, attend trade shows to find existing brands, says Mark Soh. For instance, Taiwan Excellence trade shows showcase Taiwanese products and offer opportunities for potential distributors.
5. Writing a Newsletter
What is it: Writing an email newsletter on a niche topic that ranges from industry news to personal insights to curated content
Platforms: Beehiiv, Substack, Convertkit
Pros: Builds an owned audience, low overhead costs, flexible schedule
Cons: Time-consuming, audience growth takes time, can be a slog
- Product Growth newsletter, written by my high school friend Aakash Gupta, who grew his newsletter to 80k subscribers and monetized it, while working full-time PM jobs.
- Money Abroad newsletter (of course)
Pick a social media platform to post from and promote your newsletter.
This is where 80% or more of your first 1,000 subscribers will come from.
There’s no getting around it - to grow a newsletter, you need to publish content. If people like that content, they will subscribe to your newsletter for more content.
It’s that simple. Newsletter content is rarely discovered or shared like social media content is - so you must build an audience on social to build your newsletter.
Matt McGarry, How to Get Your First 1,000 Subscribers
6. Investing in Dividend Stocks
What is it: Purchasing dividend stocks, like the Dividend Aristocrats, which pays a dividend to its shareholders every month or quarter
Platforms: Interactive Brokers, Saxo
Pros: Potential for passive income, consistency
Cons: Market risk, requires a bit of investing knowledge
- Morten Sorensen teaches full-time at a Danish university while passively investing in dividend stocks and running Dividend Club
- I’ve held REITs like OHI and SRC since 2020 when the market cratered due to Covid, which led to both dividend returns and healthy appreciation since then.
7. Investing in Rental Property
What is it: Investing in residential property to rent out for income
Platforms: Airbnb, Zillow, real estate investment groups
Pros: Potential for passive income, property value can appreciate
Cons: Requires significant capital, may need to manage property
- Robert Hoving invested in Bali villas and rented them out on the side, while still working for his previous corporate employer before he turned it into a company
1. Find a property that you think can be good for investment purposes.
2. Search Airbnb, bookings.com or any other OTA to find the listing to see the current pricing, occupancy and reviews to date. This will give you an indication if the property is investment-worthy.
3. If yes, speak to the selling agent and request a historical rental income report. Which can then be compared to the Airbnb listing. The selling agent can also give more insights into the property.
4. Study the area in which the property is built, to understand what the neighbouring properties look like and charge and look out for construction that may impact rental income.
Robert Hoving, Investing in Bali Real Estate
8. Creating an Online Course
What is it: Creating and selling online courses on a topic that you have some expertise in or that you’re passionate about
Platforms: Maven, Teachable, Kajabi
Pros: Scalable, passive income after initial upfront investment
Cons: Time-consuming to create, market is filled with competition
- I taught a Growth Strategy course for Kurios (YC21), which provides B2B cohort-based training for LATAM companies
- Elena Verna, interim Head of Growth at Dropbox, teaches courses on Product-Led Growth and Growth Leadership on Reforge
We are often asked “How do I build an email list?" "How do I generate interest in my course?" and "How can I make sure I've got course-market fit?"
A survey is the best way to:
Find out if there’s demand for your course idea. Get your first leads in your waitlist
Almost every successful instructor on Maven has done this step.
What is it: Writing and publishing articles on a personal or niche blog
Platforms: Wordpress, Medium.com
Pros: Flexible schedule, low starting costs, helps you establish authority
Cons: Time-consuming to write, takes time to build traffic and monetize
- Steve Chou started his blog, mywifequitherjob.com while working a full-time Silicon Valley electrical engineering job (and proceeded to grow it to 7-figures of revenue)
Be patient and showcase your personality.
I didn't really start making decent money with the blog until three years out. And I know there's a lot of people who do it a lot faster, but really it's a slog, just to be honest with you..
You got to just gather email addresses […]. Basically it's about putting out good content and then just keep presenting that content out to your people. And get people to just jump on your bandwagon. And the more your personality comes through, the more people will just like you for you. And then once you have their mindshare, then you can start worrying about making money.
I feel now that I have the mindshare, it doesn't really matter what product I put out, I feel like I'll be able to make sales. Not necessarily because of what I'm selling per say, but because of my personality.
Steve Chou in the Eventual Millionaire podcast
10. Creating a Digital Product
What is it: Creating and selling online templates, tools, and other resources for various platforms
Platforms: Notion, Google Sheets
Pros: Leverages existing content, scalable
Cons: Time-consuming to create a high-quality product
Example: Bachata Library from my talented dancer friend Tam Pham
My pro tip is to just ship something. People value learning new things in a structured/compact way from someone they like. I thought no one would buy but random people who I've never met were buying my product. I felt like I had hit the jackpot (even though I only made a few hundred dollars jaja)
So ship the thing. It's ok if your landing page or demo video or pricing isn't perfect. I sold Bachata Library for $15 and once I had ~25 sales, I upgraded the product massively and sold it at $49, which was still a bit low. Now it's at $97. I'm still experimenting with pricing, improving the product, and pondering about what's next. But I can only do this because I'm constantly taking action and getting direct feedback.
Tam Pham, Bachata instructor extraordinaire
🌐 Beyond your borders
🇵🇪 Peru launches a digital nomad visa. I was surprised to see that Brazil, Ecuador, Colombia, Uruguay, Argentina and Costa Rica already offer one (link)
🥧 The downside of diversification. Why you’ll lose money and what to do about it (link)
✉️ Berkshire Hathaway 1977 letter. This one is more technical but contains Buffet’s explanation on why “earnings per share” is a poor measure of company performance. Instead, measure “return on equity capital,” e.g. how effectively does a company take its inputs (capital) and turn it into outputs (earnings) (link)
📆 How I can help
That’s all for today!
Whenever you’re ready, here’s how I can help you:
- Work with me 1:1 - Book a coaching session for your next career transition.
- Work with my tax team - Get personalized US expat tax help.
- Join my side hustle course - Learn to build a remote side hustle that earns you $1,000/month on the side (limited slots available!)