Doctors are one of the most sought-after professionals and are also some of the busiest people with hectic schedules.
However, many doctors are now looking for ways to make some extra money on the side.
There are several reasons why doctors might want to consider a side hustle, but for others, it may be a way to pursue a passion or interest outside of their day-to-day work.
Whatever the reason, there are several great side hustles for doctors that are worth considering.
In this post, we’ll take a look at some of them in terms of income potential, time commitment, and skills required.
So, if you’re a doctor looking for a way to make some extra money, read on for some great options.
Table of Contents
- 1. Offer freelance writing services about health and wellness topics
- 2. Create a health and wellness podcast
- 3. Be a virtual assistant for another doctor or small business owner
- 4. Offer personal training services focused on health and wellness
- 5. Sell products related to your medical field online
- 6. Give nutrition counseling services
- 7. Create a meal delivery service focused on healthy, organic food
- 8. Be a consultant for a health and wellness company
- 9. Start a YouTube channel about your medical specialty
- 10. Be a social media influencer for a health and wellness brand
- 11. Start your own healthy lifestyle blog
- 12. Launch a successful online fitness program
- 13. Become a medical biller or medical coder
- 14. Write a book and sell it online
- 15. Start investing in the stock market
- 16. Open a senior care service business
- 17. Give lectures or workshops on health and wellness topics
1. Offer freelance writing services about health and wellness topics
- Earning Potential: $100 – $4,000+ per month
- Difficulty: 4/10
- Earning Potential:
The earning potential for freelance writing is $100 – $4,000+ per month.
Of course, this number will depend on the quality of your articles, your experience, and the platform you are using.
On the other hand, how you structure your charges will also influence the amount of money you can make.
Some freelance writers charge by the hour, while others charge per word or article.
You must find a pricing model that works well for you and your client.
Charging per word will always be the better alternative for the freelancer itself since it’ll properly pay you for your work, and not by how fast or slow you do it.
For medical topics, I would estimate that for a 2000-word article, you could make anything from $200 – $300.
- How to get started?
To start writing texts as a freelancer, it is not necessary to have a degree in journalism or anything like that.
The only thing you need is good grammar, spelling, and the ability to write interesting articles that capture the attention of the reader.
If you have these three qualities, you can already start offering your services on platforms such as Fiverr or Upwork.
For example, let’s take a look at Fiverr:
Fiverr is a platform where you can offer your services starting at $5 per task all the way to +$100.
Of course, as you gain experience and increase the quality of your articles, you can start charging more for your services.
- Pros:
- Have your own schedule.
- Working from home.
- High income potential.
- Cons:
- May not get consistent work.
- Not everyone is cut out for writing.
2. Create a health and wellness podcast
- Earning Potential: $0 – $$$
- Difficulty: 6/10
Create a health and wellness podcast that will inspire and educate listeners on how to live a healthier and happier life could be your next side hustle!
This is an ideal way to share your passion for health and wellness with others, while also earning some extra income.
Creating a podcast can earn you thousands of dollars in a similar way to YouTube channels, it all depends on the audience you manage to build.
A podcast is simply an episodic series of digital audio files that a user can download to listen to.
The advantage of podcasts over other forms of content is that they can be consumed while commuting, working out, or doing any other activity.
What that means is that you have a captive audience, and if your podcast is interesting enough, people will subscribe to it and listen to every episode.
The key to making money with a podcast is to find sponsorships from companies that are willing to pay you to plug their products or services into your show.
You can also sell advertising directly to businesses, or accept donations from listeners.
If you build up a large enough following, you can even get paid to speak at events or sell merchandise connected to your show.
- Earning Potential:
This is a difficult question to answer because there are many variables involved.
Podcasters can make anywhere from a few dollars to thousands of dollars per episode.
This is depending on their audience size, the content of their show, and other factors such as the number of downloads they get.
There are also several ways that podcasters can make money, such as through advertising, sponsorships, donations, and merchandise sales.
Some of the most popular and successful podcasts generate a significant amount of revenue through advertising.
In addition to advertising, as I mentioned earlier, many podcasts also rely on sponsorships to generate revenue.
Sponsorships are usually in the form of ads read by the host during the show, but can also take other forms such as product placements or branded content.
- How to get started?
There are many ways to start a podcast!
You can use a simple recorder and microphone, or you can use more sophisticated equipment.
You will also need to choose a topic for your podcast and decide on the format.
Once you have all of this figured out, you can start recording your episodes and sharing them with the world!
For that, you need a way to host your podcast, and for that we recommend Buzzsprout:
Buzzprout is a podcasting tool that lets you record, edit and publish your podcast episodes all in one place.
You can use it to easily add new episodes, show notes, and transcripts to your existing website or blog.
Plus, with its built-in player, you can listen to your episodes right from the app.
Also, if you want to publish your podcast on Spotify, Apple Podcast, Pandora, Amazon Music, or any other podcasting platform,
Buzzprout can help you do that with just a few clicks.
In addition, make sure you have some artwork made for your show.
This will help people recognize your podcast and make it more likely that they will listen to it.
Finally, promote your podcast on social media and other platforms to get the word out there.
- Pros:
- Low initial investment.
- You can help people improve their lifestyle..
- Unlike videos, podcasts completely grab the audience’s attention.
- Cons:
- Generating income can take time.
- It takes effort and patience to create a loyal audience.
3. Be a virtual assistant for another doctor or small business owner
- Earning Potential: $10 to $60 per hour
- Difficulty: 3/10
Do you have experience as a medical administrator or assistant?
You can use those skills to help another doctor or small business owner by becoming a virtual assistant.
As a virtual assistant, you would be responsible for tasks such as managing appointments, handling customer inquiries, and providing administrative support.
Other tasks may be more creative, such as social media management or content creation.
This is a great way to use your existing skills to earn extra income and can be done on a flexible schedule to fit around your life.
- Earning Potential:
Virtual assistants can earn anywhere from $10 to $60 per hour, depending on their skills and experience.
It will also depend on where you’re located and the type of company you work for.
Because remember, you’re competing with other virtual assistants from all over the world, so rates can vary greatly.
So for example, somebody in China will charge less than somebody in the United States.
Hence, the best way to maximize your earnings as a virtual assistant is to specialize in a particular area or skill set.
- How to get started?
If you want to start working as a virtual assistant, the best thing you can do is create a profile on one of the many platforms that connect virtual assistants with clients.
That way, you can start offering your services and get paid for them.
There’re many options, but two of the most popular platforms for finding virtual assistant jobs are Upwork and Fiverr.
Upwork and Fiverr are two great platforms for finding all kinds of remote jobs, so definitely check them out.
- Pros:
- All you need is a computer and an internet connection.
- Can be done from anywhere in the world.
- It’s very flexible, so you can work as you want.
- Cons:
- Can be quite stressful at times.
- Hard to scale by yourself.
- Few opportunity to increase earnings.
4. Offer personal training services focused on health and wellness
- Earning Potential: $2000 per month
- Difficulty: 4/10
Be a personal trainer focused on health and wellness to help your clients not only lose weight but also improve their overall health.
You’ll develop customized workout plans and provide support and motivation to help them reach their goals.
Not only will you get to make a difference in people’s lives, but you can also earn a great income doing something you love.
So if you’re looking for a rewarding and fun side hustle, becoming a personal trainer is a great option.
- Earning Potential:
The earning potential for this side hustle is $2000 per month, but this number could be a lot higher.
One way to increase is that you could offer additional services such as nutrition counseling or group fitness classes.
You could also raise your rates or offer discounts for referrals, that way people will be more likely to bring their friends along.
Work hard and build a good reputation to be more and more sought after by customers.
Another way to increase your flow of cash is to take on more clients.
This will include a lot of marketing and advertising from your end, but if you do it correctly, you’ll see good returns.
You could also offer your services online to reach a wider audience, which we’ll talk about later on.
- How to get started?
If you’re interested in becoming a personal trainer, the first step is to get certified.
You can find plenty of options for certification online or through community colleges.
In as little as six weeks, you can get certified to be a personal trainer depending on which course or accreditation you choose.
Or, if you have experience working out and helping others reach their fitness goals, you could start without getting certified.
Once you’re certified or have enough experience, start marketing yourself to potential clients.
You could set up a website or blog, or use social media to reach out to people.
Network with local gyms and fitness centers to get your name out there, most of them are looking for personal trainers to join them.
You must, also, be in good shape and be able to demonstrate your fitness level and healthy lifestyle.
Start small by training friends or family members, then work your way up to more clients.
- Pros:
- Make a difference in people’s lives.
- You can earn a great income doing something you love.
- Set your hours and work around your schedule.
- Cons:
- The hours can be demanding.
- You need to be physically fit and have knowledge.
- Have a lot of energy to keep up with your clients.
- Earning Potential: $500-$1000 per month
- Difficulty: 3/10
If you’re in the medical field, there are many ways to sell products online related to your field.
You can create a website or blog to sell products, or even create an online course teaching others about a particular topic in the medical field.
There are many products that you can sell, from books and e-books to software and equipment.
Other products can include medications, but these will certainly require legal processes to be involved, licenses, and a lot of work.
For example, let’s say you’re a chiropractor.
You could sell a how-to guide on fixing posture, or a book on the benefits of chiropractic care.
On top of that, you could also sell software that helps with billing or record-keeping for chiropractors.
If you’re a nurse, you could sell an e-book on the best way to pass the nursing exam or a guide on how to deal with difficult patients.
Selling equipment is also an option, though you’ll need to find a reliable supplier first.
You could sell stethoscopes, blood pressure monitors, or other medical equipment.
Of course, you’ll need to make sure that you’re allowed to sell these products before getting started.
Check with your state’s Board of Medicine to see if there are any regulations you need to follow.
- Earning Potential:
The earning potential for this side hustle is high.
You can easily make a few hundred dollars per month, or even a few thousand if you put in the time and effort.
It all depends on how much you’re willing to work, and what kinds of products you sell.
If you sell higher-priced items, such as software or equipment, you can make a lot more money.
You could also create an online course and sell it for a higher price.
To make more money from this side hustle, we recommend finding ways to reach more people with your products.
This could include promoting your website or blog on social media or even running ads.
You could also try selling in more places such as Amazon and eBay, or even setting up your shop on your website.
- How to get started?
To get started, you first need to decide what kinds of products you want to sell.
Once you know that, you can create a website or blog and start promoting your products.
If you want to sell higher-priced items, such as software or equipment, you may need to create an account with a specific website that sells those kinds of products.
You can also create an online course on a particular topic in the medical field and sell it on sites like Udemy or Skillshare.
Once you have your products set up, start promoting them online and on social media to reach more people.
Always keep in mind that the more people you reach, the more money you’ll make.
- Pros:
- Can make a lot of money.
- Many platforms to sell on.
- Many products to choose from.
- Cons:
- Need to promote products to reach more people.
- May take some time to get started.
6. Give nutrition counseling services
- Earning Potential: $200 – $2000 per month
- Difficulty: 2/10
You can start making extra money by following your passion and becoming a nutrition counselor!
Meet with clients one-on-one or in small groups to discuss their dietary needs and goals, and help them develop healthy eating habits.
Plus, you could also offer meal plans and recipes to further support your clients’ journey to better health.
It’s an excellent way to earn additional money while doing something you’re enthusiastic about!
- Earning Potential:
You could earn $200 – $2000 per month by offering nutrition counseling services.
To make more money from this side hustle, you could offer additional services such as meal planning and recipe development.
You could also increase your rates or see more clients each month.
Additionally, you could look into teaching group classes or workshops on nutrition and healthy eating habits.
Another way to increase the amount of money you make is to sell products such as cookbooks, dietary supplements, or other health-related items.
- How to get started?
If you’re interested in becoming a nutrition counselor, the first step is to get certified.
You can do this by completing an accredited program or taking an online course.
A nutritionist must be licensed to provide counseling services, so make sure you check the requirements in your state.
Once you’re certified, you can start seeing clients and begin earning money from your side hustle!
Always treat people with kindness and respect and be sure to listen to their needs to provide the best possible care.
- Pros:
- Can make a meaningful difference in people’s lives.
- Flexible hours for the most part.
- Can work from home.
- Cons:
- Requires certification.
- May need to travel to meet with clients.
- Can be emotionally draining.
7. Create a meal delivery service focused on healthy, organic food
- Earning Potential: $0-$2000 per month
- Difficulty: 5/10
Healthy eating is important, but it can be hard to find the time to cook healthy meals from scratch every day.
That’s where a meal delivery service focused on healthy, organic food can come in handy.
This organic food delivery service must focus on delivering healthy, organic meals to people’s homes.
The goal is to make it easy and convenient for people to eat healthy, without having to cook all their meals from scratch.
The service could offer a variety of meal plans to choose from so that there is something for everyone.
For more success have an emphasis on locally sourced, seasonal ingredients, and all the food will be prepared fresh.
- Earning Potential:
This meal delivery service can provide you with a stable income of $2,000 per month on the low end.
To make more money from it, you can consider expanding your delivery area or offering additional services such as catering or cooking classes.
You could also offer discounts or promotions to encourage people to use your service more often.
Another excellent way to expand your business and make more money is by partnering with local businesses or organizations.
For example, you could partner with a gym or fitness center to offer healthy meals to their members.
This would give you a steady stream of customers and help you to increase your profits significantly.
- How to get started?
To get started, you will need to create a business plan and figure out your start-up costs.
You will also need to choose a suitable name for your business and create a branding strategy.
Once you have all of this in place, you can start advertising your meal delivery service and signing up customers.
You must have supplies, you will need to have a vehicle for delivery, and you may need to hire additional staff if your business grows.
Creating a website or online ordering system so that customers can easily place their orders it’s also extremely useful for something like this.
To make things easier, you can use an online platform such as MealPrepPro to gain inspiration and manage some of the logistics of it.
- Pros:
- Povides a stable income.
- Can be expanded to reach more customers and make more money.
- Partner with other businesses to increase profits.
- Cons:
- Requires some initial start-up costs.
- May need to hire additional staff as the business grows.
- Need to have a delivery vehicle and supplies.
8. Be a consultant for a health and wellness company
- Earning Potential: $60,000 per year.
- Difficulty: 6/10
If you consider yourself an expert in some area of knowledge and practice, then you will love this side hustle.
The main idea is to use this knowledge you have to help others while earning money.
You can be a consultant for numerous companies or even for individuals.
The topics you can consult on are limitless; it can be anything from business to social media to health and fitness.
It’s very important that you identify a problem that people have and then offer your services as the solution.
- Earning Potential:
The amount of money that an online consultant can earn depends on a variety of factors.
Among many others, some include your experience, the services you offer, and the number of clients you have.
With that being said, an online consultant can earn a substantial income.
The average income for a consultant in the United States is $60,000 per year.
However, those with more experience or who offer additional services can easily earn double or triple that amount.
In fact, some consultants make over $1 million per year!
- How to get started?
To start providing your services as a consultant, you’ll first need to identify your area of expertise.
Once you have a strong understanding of your particular skill set, you can begin marketing your services to potential clients.
To attract the attention of potential customers, you’ll need to create a strong online presence.
This can be accomplished by creating a website and/or blog that showcases your skills as a consultant.
You should also consider creating social media accounts on popular platforms such as Twitter and LinkedIn.
By establishing yourself as an expert in your field, you’ll be more likely to attract the attention of potential clients.
Once you’ve established an online presence, you can start reaching out to potential clients.
A great way to find potential customers is to search for job postings that relate to your area of expertise.
You can also network with other professionals in your field to find potential customers.
- Pros:
- You gain even more experience in your area of expertise.
- Schedule flexibility.
- Cons:
- The stress of managing it can be constant.
- It involves hours of contact and discussion with clients.
9. Start a YouTube channel about your medical specialty
- Earning Potential: $0 – $$$
- Difficulty: 3/10
If you’re a medical professional with a specialty, why not start a YouTube channel about it?
You could share your knowledge and expertise with the world, and help people learn more about your particular area of medicine.
Plus, it’s a great way to build up your brand and get your name out there. Who knows, you might even become a YouTube sensation!
YouTube is one of the most popular platforms on the internet, with over 2 billion active users per month.
It is also a very profitable platform if you know how to use it correctly.
Many YouTubers make a living by creating videos and posting them on their channel.
Then to monetize it, they use Google AdSense, which is a program that places ads on your videos and pays you for each view.
Of course, to make money with YouTube, you need to have a lot of subscribers and views.
But if you create quality content and market your channel correctly, it is possible to achieve these numbers.
Starting a successful YouTube channel is not easy, but it’s a beautiful journey that requires perseverance and dedication.
At first, it will be hard not to have an established audience…
But hard work will always pay off, and in the future, you could indeed have it.
- Earning Potential:
This will depend on the number of views and subscribers you have.
To make any amount of money, you need to create videos that are interesting, valuable, and appeal to a wide audience.
You must also market your channel correctly and use effective SEO strategies to make sure people can find your videos.
Things like your thumbnail, title, and description are very important when it comes to ranking your videos on YouTube.
Also, depending on your niche, AdSense will pay more or less money.
For example, if you have a cooking channel, your earning potential will be lower than if you had a tech or finance channel.
The most successful YouTubers, like PewDiePie or MrBeast, can make upwards of $5-40 million a year.
However, most YouTubers earn way less than that.
The first and most obvious way to make money on YouTube is through advertising revenues.
When a viewer watches an ad on your video, you earn a small amount of money.
Of course, not all YouTubers use ads to make money, many use other methods, like product placement or selling merchandise.
Nowadays, sponsorships are what’s usually driving most of a creator’s revenue.
A sponsorship is when a brand pays you to promote its product in your videos.
This can be in the form of a verbal mention, or simply displaying the product in your videos.
Sponsorships are typically negotiated directly with the YouTuber and can range from a few hundred dollars to tens of thousands of dollars per video.
Last but not least, some YouTubers also make money by selling courses and other digital products.
- How to get started?
The first thing you need to do is create a YouTube channel and start posting videos.
You can use a webcam or your phone to record the videos.
It is also important that you create branding for your channel so that people can easily recognize it.
Your branding should include things like a consistent color scheme, a channel icon, and intro and outro videos.
You can also use tools like Canva to create professional-looking thumbnails for your videos.
Once you have created a few videos, you can then sign up for AdSense and start monetizing your content after you complete the requirements.
Which are having at least 1,000 subscribers, and 4,000 public watch hours.
Although through affiliate marketing, you can monetize from day one.
- Pros:
- Can be done from home.
- No need for special qualifications.
- Very profitable if done correctly.
- Cons:
- Can be time-consuming.
- Requires consistency and dedication.
- Needs to be interesting and valuable to the viewer.
- Earning Potential: $500 – $100,000 per month
- Difficulty: 2/10
A social media influencer is someone who has built up a large following on social media platforms such as Instagram, TikTok, Facebook, or Twitter.
As a social media influencer for a health and wellness brand, you would be responsible for promoting the brand on various social media platforms.
This could involve posting about new products, sharing tips and advice related to health and wellness, and generally spreading awareness about the brand.
They are typically considered to be an expert in their field and use their platform to share information and promote products or services.
Many brands will now pay social media influencers to promote their products or services, as they know that this will reach a large number of people.
- Earning Potential:
As a social media influencer, you can charge brands for promoting their products or services.
The more followers you have, the more you can charge.
You can also start a blog or YouTube channel to supplement your income from social media influencer work.
Also, look for opportunities to collaborate with other influencers who have a similar size following, since this will help you reach even more people!
You could also consider partnering with other health and wellness brands to cross-promote each other’s products and services.
Brand ambassadors are typically paid a fixed monthly fee, plus a commission on sales.
So there is potential to make good money from this side hustle, but it will take some work to grow your following and land bigger collaborations.
- How to get started?
The first step is to identify a health and wellness brand that you would like to work with.
Once you have found a brand that you are passionate about, reach out to them and let them know that you are interested in becoming a social media influencer for their brand.
If they are interested, they will likely provide you with some guidance on what they expect from you and how you can best promote their products and services.
To get started as a social media influencer, you need to grow your following on one or more social media platforms.
The best way to do this is to share high-quality content that will interest and engage your target audience.
You should also be active in commenting and engaging with other users on the platform.
It’s also a good idea to create a media kit that outlines your stats and rates, and have an email somewhere in your bios.
This will make it easier for brands to understand what you can offer them and how to reach out.
Keep in mind that it takes time and effort to build up a following on social media, so be patient and consistent in your efforts.
Eventually, you will start to see your following grow and your earnings increase.
- Pros:
- Can be very lucrative.
- You can be your boss.
- Flexible hours, work on it whenever you want.
- Cons:
- Can take a lot of time and effort to grow your following.
- Difficult to land bigger collaborations.
11. Start your own healthy lifestyle blog
- Earning Potential: $100 – $10,000+ per month
- Difficulty: 5/10
If you’re passionate about health and fitness, why not start your blog?
Share your tips and tricks for living a healthy lifestyle, and help others to do the same!
You can earn money and you’ll get to help people all over the world lead healthier lives. It’s a win-win!
Even more, all you need is a computer and a good internet connection.
The most common ways of making money from a blog include:
- Affiliate marketing: you recommend a product or service and receive a commission.
- Sponsored posts: a company will pay you to talk about them.
- Products or services: you will sell your own product, e.g. budget binder, coaching.
- Advertising: you will make money by letting other companies place ads on your website.
Also, it does not require previous experience so you can learn as you go.
- Earning Potential:
A lot of people are making over $10,000 per month from their blogs!
Of course, it takes time and hard work to get to that level.
But it is definitely possible, and there are many bloggers out there who are proof of that.
Now, not every blog is going to make that much money, though, some others aren’t making even a dollar from their blogs.
But if you’re dedicated and willing to put in the work, you can make a full-time income from blogging.
You need to have a focus and share content that is helpful, interesting, or entertaining to your target audience.
- How to get started?
The first thing to do is come up with a plan for your blog.
Then, you need to set up your blog by purchasing a domain name and hosting and installing WordPress.
We recommend Bluehost for this matter:
Once your blog is all set up, you need to do keyword research and start creating high-quality content that will help you rank in the search engines and attract readers.
And finally, you need to promote your blog and build an audience.
This can be done by guest posting on other blogs, and social media, and using SEO techniques.
Once you have a decent amount of traffic coming to your blog, you can start making money with affiliate marketing, sponsored posts, products, or services.
We’re definitely leaving a lot of details out because of the scope of this post, but those are the basics of starting.
- Pros:
- Getting started is relatively easy.
- You create a community around the content you publish.
- You manage your time and workspace according to your needs.
- Cons:
- To be a good blog requires periodic publications.
- Internal errors can occur within the code and you need time to fix it.
- It takes time to generate significant income.
12. Launch a successful online fitness program
- Earning Potential: $500 – $5,000 per month
- Difficulty: 4/10
Starting an online fitness program may be a great side hustle for you if you’re enthusiastic about fitness and assisting others to achieve theirs.
You’ll need to develop interesting and effective workout routines, film instructional videos or live streams, and promote your service to potential customers.
If you have a strong social media presence, this may be an ideal way to launch your business.
You can connect with people all over the world and help them get fit!
- Earning Potential:
This side hustle has the potential to earn you $500 – $5,000+ per month.
You could make even more money from it by expanding your customer base and offering additional services like one-on-one coaching or nutritional advice.
You could also create premium content or packages that people would pay for.
If you have a large social media following, you could use it to promote your business and attract new customers.
Additionally, if you have connections in the fitness industry, you could collaborate with them to reach an even wider audience.
Another way to make more money from this hustle would be to become an affiliate for fitness products and services that you recommend to your customers.
You could earn a commission on every sale that you generate.
There are many ways to monetize this side hustle, so get creative and see what works best for you!
- How to get started?
To get started, you’ll need to develop some workout routines, film instructional videos or live streams, and start promoting your services to potential customers.
If you have a strong social media presence, this may be an ideal way to launch your business.
You can connect with people all over the world and help them get fit!
Another way to promote your business would be to collaborate with other fitness professionals or influencers in the industry.
This could help you reach a wider audience, attract new customers, and even more importantly, have them as a mentor of some sort.
You could also create premium content or packages that people would pay for.
This could include things like one-on-one coaching, customized workout plans, or nutritional advice.
Whatever method you choose to promote your business, make sure you’re providing value and helping people achieve their fitness goals!
- Pros:
- Can be done entirely online.
- Help others improve their health and fitness.
- Can be monetized in many different ways.
- Cons:
- May require some initial investment to create workout routines/videos.
- Requires effort and dedication to promote your business.
- May need to invest in fitness equipment.
13. Become a medical biller or medical coder
- Earning Potential: $2000 per month
- Difficulty: 3/10
A medical biller or medical coder uses specialized software to encode the diagnosis and procedure codes for each patient visit.
This information is then used to generate a claim, which is submitted to the patient’s insurance company.
Said insurance company uses this information to then process the claim and determine how much they will reimburse the medical office.
Medical billers and coders must have a detailed knowledge of medical terminology, insurance billing procedures, and coding systems.
They must be able to accurately enter data into the system and generate claims that are compliant with insurance company regulations.
This side hustle is perfect for anyone who wants to work in the medical field but doesn’t want to be a doctor or nurse.
It’s a good way to get started in the medical field and learn about how the insurance billing process works.
There is a lot of demand for medical billers and coders, so it’s a great side hustle to get into if you’re looking for something that is in high demand.
- Earning Potential:
The earning potential for medical billing and coding is quite high.
You can easily make $2500 per month from this side hustle on a stable salary.
To make more money from it, depending on the way your position is, you can take on more clients or work for a higher-paying company.
You can also get certified in medical billing and coding, which will give you a higher salary.
Another thing you can try is becoming a consultant for medical billing and coding.
You can even help other businesses with their medical billing and coding needs.
- How to get started?
There are many online courses that you can take to become a certified medical biller or coder.
A simple Google search for “medical coding certification” will give you at least 10 different options to begin researching the best.
Some employers choose to provide on-the-job training and will even pay for the certification, if that’s the case, then take advantage of it.
You can also get started by working as a consultant for medical billing and coding.
Additionally, you can try becoming a consultant for other businesses with their medical billing and coding needs.
- Pros:
- Can make a lot of money.
- In high demand right now.
- Cons:
- May require on-the-job training.
- Can be complex and time-consuming.
- May require certification.
14. Write a book and sell it online
- Earning Potential: $1,000 – $100,000+
- Difficulty: 9/10
Of all the suggestions that we have brought you in this article, this is perhaps one of the most difficult and requires the most talent and patience.
Writing a book is not an easy task, and even if you love doing it, it takes time to research and elaborate.
But at the same time, it has great advantages such as that you can do it in your free time and you don’t have external pressures.
If you’re a good writer, there’s a chance you could make some serious money by writing and selling a book online.
The difference here is, that I’m not talking about traditional publishing.
I’m talking about writing an eBook and selling it through online retailers, such as Amazon Kindle Direct Publishing.
This can be a great way to make some extra money, and it also allows you to reach a wide audience with your work.
Book topics can be anything from cooking to self-help to business.
If you can write a book that people will want to read, then you’ll be well on your way to making some money.
By no means is this a quick or easy way to make money.
It will take a lot of hard work and dedication to write a book that people will actually want to read.
But if you’re up for the challenge, it can be a great way to earn some extra cash.
Generating money from it depends on what you are capable of writing and the acceptance of your work.
Certainly, a book that runs with luck will generate notoriety and a good amount of money for its author.
If you are thinking of embarking on this beautiful journey, we recommend writing about a topic that you know in depth.
- Earning Potential:
You can expect to earn anywhere from a few dollars to several thousand dollars per book.
It all depends on the quality of your book, the demand for it, and how well you promote it.
To give you an idea, many self-published authors are earning $1,000 – $5,000 per month from their books.
And some are even earning much more than that.
The key is to write a quality book that people will actually want to read, and then promote it effectively.
If you can do those two things, you’ll be well on your way to making money from your book.
Also, the good thing is that this will all be passive income.
Once your book is written and published, you’ll continue to earn money from it each month without having to do any additional work.
- How to get started?
As I mentioned earlier, platforms such as Amazon Kindle Direct Publishing make it easy to self-publish a book and earn money from it.
All you need to do is create your book, list it for sale, and start promoting it to potential readers.
To get started, I’d recommend you do some research on how to write and publish a book.
Once you have a good understanding of the process, you can start writing your book and get it published.
Overall, before actually publishing it, you’d do something like this:
- Know the topic you want to write about.
- Ask yourself why you write about that topic.
- Choose what kind of book you want to write.
- Research the topic in question.
- Plan your creative process.
- Write a draft.
- Edit it.
- Give your manuscript to some first readers.
- Incorporate feedback.
- Prepare the final result for publication or submission.
Of course, it all sounds much easier than it is.
And your path will be very different than everybody else’s.
- Pros:
- Can earn a lot of money.
- Gives you the opportunity to reach a wide audience.
- Can be a fun and interesting experience.
- Cons:
- Takes a lot of hard work and dedication.
- No guarantee that people will actually read and buy your book.
15. Start investing in the stock market
- Earning Potential: $0 – $$$
- Difficulty: 8/10
The stock market is a great way to make money, but it can also be risky.
You’re essentially betting on the future performance of publicly-traded companies.
With as little as $10, you can start and grow your portfolio from there.
There are a number of online brokers that can help you get started, and there are plenty of resources available to help you learn the ropes.
With a little bit of research and patience, you can start earning money from either the short-term fluctuations or the long-term growth of the stock market.
On the other hand, some companies also pay dividends, which is a portion of the company’s profits that is distributed to shareholders.
Dividend stocks can provide you with a steadier stream of income, and they can be a great addition to any portfolio.
- Earning Potential:
The earning potential from the stock market depends on a number of factors, including the volatility of the markets and the performance of the companies you invest in.
You can make more money from the stock market by investing in companies that are doing well and by timing your investments carefully.
Additionally, you can reinvest your dividends to compound your earnings.
If I had to put a number on it, I would say that:
The earning potential from the stock market is about 10% per year on average.
Of course, this number can go up or down depending on the market conditions.
Holding long-term investments and diversifying your portfolio can help mitigate some of the risks associated with investing in the stock market.
- How to get started?
You can start investing in the stock market by opening an account with an online broker.
There are many different brokers out there, so it’s important to do your research and find one that is right for you.
For example, there is WeBull, Robinhood, eToro, and TD Ameritrade.
Each broker has different fees, commissions, and features, so be sure to compare them before making a decision.
Once you have opened an account, you can start buying and selling stocks.
It’s important to remember that the stock market can be volatile, so you should only invest money that you can afford to lose.
You can also start investing in the stock market by setting up a dividend reinvestment plan (DRIP).
With a DRIP, you will automatically reinvest your dividends into more shares of the stock.
This is a great way to compound your earnings and grow your portfolio over time without having to do much work and put in more money.
- Pros:
- Very easy to start investing.
- A lot of investment opportunities.
- Cons:
- Sometimes requires large amounts of money.
- It is a high-risk financial operation.
16. Open a senior care service business
- Earning Potential: $2000 – $4000 per month
- Difficulty: 5/10
Opening a senior care service business involves providing non-medical care and companionship to senior citizens.
This can include helping with activities of daily living, providing transportation, running errands, and providing social interaction.
Senior care businesses can be operated out of a home or commercial space and can be run as a sole proprietorship, partnership, or corporation.
If you enjoy helping people, then this is one option I would recommend you explore first.
- Earning Potential:
A senior care service business has the earning potential of bringing in $2,000 to $4,000 each month.
If you want to make more money from this side hustle, expand by adding new services or increasing your customer base.
Alternatively, you could save costs and increase profits by optimizing inside operations.
You could also offer additional services such as light housekeeping, laundry, and meal preparation for your clients.
Last but not least, if you market your business effectively to help attract customers and spur growth, then more people will know about you.
Through word-of-mouth, a business can grow exponentially with time, effort, and the right reputation.
- How to get started?
If you’re interested in starting a senior care service business, first do your research.
This includes understanding the needs of your target market and what services are in demand.
You should also create a business plan that outlines your costs, marketing strategy, and growth potential.
Once you have a solid foundation, obtain any licenses or permits that may be required in your state.
Then, find a suitable location for your business and start recruiting employees.
You can sign up for websites such as Care.com:
This type of website is essentially a marketplace for businesses to find clients, or users to find reputable businesses.
By being part of it, you could use their traffic and get qualified leads every month.
- Pros:
- Low start-up costs.
- Can make a difference in people’s lives.
- Cons:
- May require hiring employees.
- Can be emotionally demanding.
- May require state licenses or permits.
17. Give lectures or workshops on health and wellness topics
- Earning Potential: $ – $$$
- Difficulty: 3/10
Health and wellness topics are always in demand, so giving lectures or workshops on these topics can be a great way to earn some extra money.
You can use your knowledge to help others improve their health and well-being, and in turn, earn some extra cash.
The tasks of this side hustle include researching health and wellness topics, preparing lectures or workshops on these topics, and delivering these lectures or workshops to an audience.
Although this is not as easy as it sounds, if done properly, it could completely transform your career.
- Earning Potential:
The earning potential for this side hustle depends on the number of lectures or workshops you give, as well as the size of your audience.
Let’s say you give one online lecture or workshop to an audience of 50 people, and you charge $5 per person, you could earn $250 every time.
However, if you give multiple lectures or workshops to larger audiences, you could earn much more.
To make more money, you can try to give more lectures or workshops, or increase the size of your audience.
You could also charge more for your lectures or workshops or offer more variety of topics.
- How to get started?
If you want to get started with this side hustle, you can begin by doing some research on health and wellness topics.
Once you have chosen a topic, you can start preparing a lecture or workshop.
You can then promote your lecture or workshop to potential audiences, and finally deliver it.
Sometimes you might want to join a certain university and just get paid a stable salary instead.
That is perfectly fine, and most of the time, the best option for busy doctors.
Acquiring the necessary skills for this side hustle may take some time and effort, but it is doable.
With some dedication, you can become a well-known lecturer or workshop leader on health and wellness topics.
- Pros:
- Generally flexible hours.
- Can be a creative outlet.
- Cons:
- Requires knowledge and dedication.
- Can be time-consuming.