5 side hustles that could earn YOU an extra £5,000 a month – and one involves watching Netflix!
You could earn extra cash from home with a digital side hustle job – from time stamping, transcribing or even watching Netflix.
The international telecommunications business TollFreeForwarding.com has revealed five new online jobs that could help you earn extra cash.
Remote positions that people can do from the comfort of their own home are predicted to boom this year. These include positions such as Netflix taggers, virtual assistants and time stamping, for which you can earn up to £5,000 a month.
Potential to make: £20 an hour
What is it?
One side hustle that skyrocketed in searches in the past year and is expected to grow by 5,400 per cent this year is the Netflix tagger.
Gaining virtually through TikTok, a Netflix tagger is someone who watches TV shows and movies on the platform then tags them by genre and other descriptors so others on the platform can find content easier when searching.
Although this job sounds like a dream, it’s highly sought after, so be sure to check the job openings frequently.
How to work as a Netflix tagger?
Finding work as a Netflix tagger is highly competitive, and while the streaming giants don’t provide a list of qualifications, you might need a little more than a Netflix account to land this gig.
In a 2018 FastCompany interview with a Netflix tagger, they revealed they had a screenwriting degree and a Master’s in Critical Film Studies.
So, a background in film or entertainment could be in your favour if you’re looking to work as a Netflix tagger.
How much work is it?
Todd Yellin, Vice President of Production Innovation at Netflix, said: ‘Netflix taggers are asked to watch titles that aren’t necessarily on the service yet.
‘The taggers are taxonomists of Netflix. After watching the title, they will sit down for what usually takes less than an hour to browse through hundreds of tags and label the films quickly.’
How do you find these jobs?
You can only find Netflix tagger jobs on the Netflix careers website. These jobs go quickly, so you might want to bookmark the site and have your CV updated and ready to send out immediately.
Potential to make: £60 an hour
What is it?
Searches for virtual assistant roles are expected to explode by 137 per cent in the next five years.
As a popular work-from-home option, a virtual assistant helps with answering emails, computer admin or making appointments.
Virtual assistants can easily make £30 to £60 an hour depending on the client. You may have a set number of hours to fulfil, but the job is flexible and can be done in your spare time around your everyday life.
What do virtual assistants do?
Working as a virtual assistant isn’t always admin and secretarial tasks. There are a number of different niches you can go into if you’re interested in becoming a virtual assistant, allowing you to utilise your existing skills and qualifications.
Here are some examples:
Executive and Personal Assistant – This role focuses mainly on admin tasks like diary management, booking travel, managing emails, organising events, and desk research.
Marketing – A marketing assistant offers support with content writing, social media, organising marketing calendars, market research and email marketing.
Accounting – Virtual assistants can also specialise in accounting. This role includes bookkeeping, managing staff expenses, creating invoices, chasing late payments, and managing files.
Customer Service – Virtual assistants also support customer service teams. This includes processing orders and managing shipping, dealing with customer enquiries, managing returns and exchanges, keeping an eye on stock, and maintaining website and product pages.
How do you become a virtual assistant?
Start by listing your skills, as this will give you an idea of what niche you would be best suited to. Be clear about the range of services you can offer to market your business to clients.
You want to set yourself up as a business. This means you’ll need to decide on a legal structure, register for self-assessment and register a business name.
It doesn’t cost a lot of money to become a virtual assistant. You will need a few basic things, including a laptop or computer that runs well, a broadband connection, a phone and office stationery.
Once you’ve set up your business and decided on some branding, you can find work on external sites such as the Society of Virtual Assistants. It will support you in getting work and running your business as well.
Potential to make: £22 an hour
With searches for audio transcription increasing by 39 per cent during the past year – and expected to double this year – now is the right time to get ahead of the game in this side hustle.
Transcribing audio and video into text is a relatively easy and flexible way to earn some extra cash in your free time.
Starting out is simple too, with a number of job openings on sites such as TranscribeMe, where starting wages average £15 to £22 per audio hour.
What is a transcribing job?
A transcribing job involves listening to audio or video and typing what you hear word for word.
These audio files could be recordings of focus groups for market research, meetings, or interviews.
There are different types of transcription jobs; general, market research transcription, medical transcription, and legal transcription. These will also require different levels of experience.
Why should I become a transcriber?
There are a number of benefits of transcribing as a side hustle.
It has flexible working hours you can fit around your lifestyle, you can work from home, and for many people, the work is enjoyable and provides a sense of achievement.
Online Focus Groups
Potential to make: £25 an hour
Focus groups can be a great source of spare income if you have the time. And with the term predicted to go up in searches by 184 per cent in the next year, it might be worth giving it a go as demand increases.
What is an online focus group?
A focus group is a small group of people invited to share their opinions. They are usually used for market research for new or existing products, but can also concentrate on political campaigns or opinion research.
You can pick which online focus groups you’re interested in joining and make £25 an hour from the comfort of your own home.
How do online focus groups work?
You’ll need to join an online focus group via a chat on your smartphone or tablet. This is usually done via a link sent out by whoever is running the group.
From there, you’ll be able to join in the discussion and give feedback. Some online focus groups may ask you to download software before the discussion.
How do you find an online focus group?
Before participating in any online focus groups you will have to undergo a screening process.
This is because consumer research companies are looking for people with specific interests or profiles.
Joining as many companies as possible will increase your chances of finding a group you’re eligible for.
Potential to make: £5,000 a month
Time stamping is a side gig in which you are paid to watch YouTube videos and find clips of between one and two minutes to put on TikTok.
You’re basically paid to create a viral video! The pay can range from £2,000 to upwards of £5,000 per month depending on the creator.
With this type of pay, it’s no wonder that searches for this term are expected to increase by 83 per cent in the next two years.
How to make money time stamping?
Landing this dream job is simple, according to influencer Ryan Magin, who explained that people looking to get started with this lucrative side hustle should create a TikTok account and then spend some time watching YouTube clips of famous internet personalities such as Logan Paul.
Then, slice out snippets with the greatest potential to gain interest or go viral (amassing at least one million views).
If you get good at this, you can take your resumé of viral clips to Logan Paul or another internet icon and request a job. YouTubers will pay time stampers £1,600 to £4,000 per clip.
What skills do you need to become a time stamper?
You don’t need specific skills to become a time stamper, but it’s favourable if you understand video marketing.
If you don’t stay attentive or have a keen eye for this type of thing, you could miss a three-second clip that could be key to making a video go viral.