[Simple Guide] On How to Make extra money online as a medical student 2024.7 min read
As a medical student myself, I’ve tried and learned different ways to start making money online while studying. In this guide, I will pass my experience to you. This guide will be helpful for any medical student. As I’ve compiled the best online ways for students, you can boost your income and thrive financially while pursuing your passion.
This article is one in a series, so I recommend keeping up with new blogs on the same topic.
Let’s roll in:
Note: I’ve saved the best for the end.
Why Should Medical Students Start a Side Hustle?
Medical students should consider starting a side hustle for several reasons. Firstly, a side hustle can provide additional income to help offset the high costs of medical education. It can also offer valuable entrepreneurial experience and teach important business skills that may not be covered in the medical curriculum. Furthermore, a side hustle can provide a creative outlet and a break from the rigorous demands of medical school, potentially reducing stress and burnout. Finally, it can allow students to explore interests outside of medicine and diversify their skill set, which can be beneficial for their future careers.
1. Market Research
A medical student usually doesn’t have time to rub their skin. And you can only sometimes think actively about complicated subjects other than your studies.
Starting earning some cash passively with survey sites is something considerable.
You can start with well-known websites such as Attapoll, Swagbucks, branded surveys, and Free Cash.
Note: the number of available surveys differs from country to country. If you are from somewhere other than the U.S. or the U.K., try to use a Proxy. You can buy a cheap proxy from websites like Proxy Seller and Telegram bots.
I’ll be honest: It will only provide a few dollars monthly. But you will make something between $ 200 and $ 300$ a month, with 2 to 4 hours daily.
2. Medical Transcription
Many physicians and researchers want transcription services. These jobs often involve transcribing medical-related voice notes or lectures; they’re all in the medical field, so you may gain helpful ideas or information. This can provide a significant source of income for students. Websites like Rev will give you 1$ 1 per minute. It’s a passive process that won’t be stressful or energy-draining. Well-known websites search for transcriptionists.
Such as TranscribeMe, GoTranscript, HappyScribe, and Indeed.
The approximate amount you can make is 400 to 1000 $ monthly.
3. Medical Coding
Medical coding is a specialized skill that involves translating medical procedures and diagnoses into codes for insurance purposes. This is a high-demand field, and many medical students have found success in taking on medical coding jobs on the side. With the option to work remotely, this is a flexible and well-paying side hustle for medical students. You can take online courses to learn the necessary skills and certifications and then offer your services to medical practices or insurance companies.
The expected earnings 400 to 1500 $ per month
4. Healthcare Writing
Turning Medical Knowledge into Words.
If you have a knack for writing, consider freelancing in healthcare content creation.
Writing was and still is a billion-dollar industry; all websites and platforms eagerly seek original, authentic content, and they will throw hundreds of dollars into anyone providing high-quality articles. Share your expertise through articles, blogs, or academic papers. Uncover the platforms that connect you with opportunities to showcase your medical insights. It’s beginner-friendly, and you can invest a little money to start.
You can boost your skills if you add SEO experts. But that’s a different subject we will talk about later.
The income possibilities for writing are from 30 to 500 $ per article. You can see opportunities on freelancing websites here or Indeed, Upwork, Fiver, and Freelancer.
Or you can write for well-known websites such as The Health Care Blog, Medistudents, Clinicspots, Credihealth, and Studentminds.
5. Online Tutoring
Turn your knowledge into a valuable asset by offering online tutoring services. You have great things you can teach. Anything from introductory chemistry to biology to English if you are bilingual.
Explore platforms that connect you with students seeking guidance in various medical subjects, making a difference while earning a supplementary income.
You can start quickly by registering on these platforms:
Name | Pricing | Student Pays | Tutor gets | Platform commission |
Skooli | Fixed | $49/hour | $25/hour | 49% |
TutorMe | Fixed | $39/hour | $16/hour | 58% |
Chegg Tutors | Fixed | $15/30 mins | $20/hour | 33% |
Tutor.com | Fixed | $39/hour | $12/hour | 69% |
GoPeer | Fixed | $25/hour | $20/hour | 20% |
TakeLessons | Custom | – | – | 40%~10% |
Wyzant | Custom | – | – | 25% |
The actual earnings vary between 10 to 50 $ per hour. So it’s considerable, especially since it doesn’t only need a little expertise.
6. Start a YouTube channel
Ali Abdaal said:” Starting a YouTube channel is one of the best decisions I’ve ever made. It’s helped me build a business and a life I love. If you’re considering doing the same, you’ve come to the right place.”
Ali is a perfect example; he was a medical student when he started his YouTube channel. And he had unbelievable success. It’s only for some if you desire to be a known face and don’t have a problem putting yourself out there like Ali. Starting a YouTube channel is something to consider.
The opportunities are enormous; as a medical student, you can fill a gap in the content. It needs efforts with little to no results first. Still, after making good, consistent content, the results will be enormous and beat your expectations.
This side hustle needs a budget to become a real business, buying a professional camera, mic, video editing software, etc. But the results are guaranteed, especially if Ali made a powerful course to help anyone start a YouTube channel.
7. Start a blog
I’ve saved the best to the end. It’s my pick; as you are a medical student, you need something you can work on whenever you want, and that will help you in your field and career, with exponential potential for growth. Making your blog channel is the only thing with these advantages and barely any disadvantages.
And I’ll talk in more detail because I love and practice it.
It’s like any content-based business. You must invest time and effort first and wait for significant results. Making a blog needs a much smaller budget than any business ever. Plenty of free learning resources include Adam Enfroy’s YouTube Channel and Ahref’s YouTube Channel.
You need a hosting platform, a theme, and an SEO tool; you’re ready to go. You can see the complete guide here to be informed much better.
Conclusion:
As a medical student, it can be challenging to balance the demands of school with the need for income. However, with these side hustle options, you can make money while still focusing on your studies and gaining valuable experience in the medical field. Consider trying one or more of these options to supplement your income and pave the way for a successful medical career.
I would love to hear your opinions, my friends, and I would be happy to answer any questions you may have.
You can see our other blogs here.