The BEST Ways to Make Money in 2022 | Side Hustle Tier List | Summary and Q&A

TL;DR

This video explores different ways to make money online, categorizing them into tiers based on their effectiveness and scalability.

Key Insights

• ✴️ Teaching offline is a good starting point but lacks scalability.
• ✋ Teaching online and freelance coding offer higher earning potential due to broader reach.
• 🤑 Selling courses and creating NFTs are among the most effective and scalable methods for making money online.
• 🤑 Traditional nine-to-five jobs and part-time jobs are viewed as less ideal for making money online.
• ✋ Crypto trading and stock market trading can be profitable but involve high risks.
• ❓ Flipping or reselling products and participating in online surveys are not recommended for significant earnings.

Transcript

Read and summarize the transcript of this video on Glasp Reader (beta).

Questions & Answers

Q: What are the advantages and disadvantages of teaching online?

Teaching online allows for broader reach and higher income potential compared to offline teaching. However, it requires marketable skills and competition can be fierce.

Q: Is freelance coding a viable option for making money online?

Yes, freelance coding is in high demand and offers a lucrative income. However, it requires advanced coding skills and may involve the challenges of project-based work.

Q: Are there any risks to crypto trading?

Crypto trading is highly volatile and risky. Without proper knowledge and market understanding, significant losses can occur. Luck and deep knowledge in the field are crucial for success.

Q: How effective is selling courses online?

Selling courses online is considered one of the best ways to make money. It provides passive income potential and the ability to reach a broad audience, making it highly scalable.

Summary & Key Takeaways

• The video presents a tier list ranking various methods of making money online, discussing their pros and cons.

• Teaching offline is a good starting point but lacks scalability, placing it in a lower tier.

• Teaching online and freelance coding are rated higher due to their potential for higher earnings.

• Nine-to-five jobs and part-time jobs are considered less ideal, while selling courses and creating NFTs are seen as some of the best methods.