10 Best Side Hustles For Doctors In 2024 ($300+/hr)
Last Updated on July 21, 2024 by John Cirelly
Believe it or not, 39% of doctors polled said they had some sort of side hustle outside of their practice.
Below are ten of the best side hustles for doctors, chosen by doctors to earn extra in their spare time.
1. Leverage Your Knowledge on Sermo
Sermo is one of the simplest and highest-paying ways for doctors to leverage their expertise from the comfort of their homes. Healthcare companies will pay doctors for their thoughts and opinions through Sermo.
Getting Started
To get started on Sermo, sign up on their website and complete your profile. Verify your credentials to join the community of physicians. Once verified, you can participate in discussions and surveys. Engaging regularly will increase your opportunities for higher paying surveys and interactions.
What You’ll Earn
On Sermo, doctors can earn $60-$300 per hour while completing surveys. The payment depends on the length and complexity of the survey. Payments are typically processed within a few weeks of completion.
Consistent participation can boost earnings significantly over time and open up higher-paying opportunities.
2. Offer Telemedicine Services on Wheel
Wheel offers doctors a flexible way to provide telemedicine services as a side hustle. This is a great option for doctors traveling who want to earn a little extra cash.
Getting Started
To start with Wheel, visit their website and apply to become a clinician. You’ll need to provide your credentials and go through a verification process. Once verified, you can set your availability and start accepting patients. Wheel connects you with patients, making it easy to find opportunities.
What You’ll Earn
Doctors can earn $50 to $70 per hour on Wheel. Payments are made bi-weekly, and you can choose your working hours to fit your schedule.
3. Rent Out Vehicles on Turo
Renting out vehicles on Turo is a great option for doctors looking to generate passive income without investing in real estate. It’s also perfect for car enthusiasts to pay off their vehicles.
Getting Started
To start on Turo, sign up on their website and list your vehicle. Make sure your car is clean and well-maintained. Take high-quality photos and write a detailed description to attract renters. Set your availability and pricing. Turo provides insurance coverage, so you don’t have to worry about additional costs.
What You’ll Earn
On Turo, earnings can range from $30 to $100 per day, depending on your car’s make, model, and location. Payments are usually processed within three days after the trip ends. By renting out your car regularly, you can earn a steady income and potentially cover your car payments.
4. Open an AirBnB
Opening an Airbnb is a great option for doctors with some money to invest and who live near a city or popular vacation destination.
Getting Started
To get started with Airbnb, create an account on their platform and list your property. Make sure to provide clear, attractive photos and a detailed description. Set your house rules, pricing, and availability. Consider investing in small upgrades to make your space more appealing to guests. Finally, keep your calendar updated and respond promptly to booking inquiries.
What You’ll Earn
Earnings from Airbnb can vary widely based on location and property type. On average, hosts can make between $1,000 and $3,000 per month. Payments are usually released 24 hours after the guest checks in. By maintaining high occupancy rates and positive reviews, you can maximize your earnings.
5. Freelance as a Medical Writer
Freelancing as a medical writer allows doctors to use their expertise to create content for medical publications, websites, and educational materials.
Getting Started
To begin, create a portfolio showcasing your writing skills and medical knowledge. Join freelance platforms like Upwork, Freelancer, or specialized medical writing sites. Network with other medical writers and professionals in the industry. Apply for jobs that match your expertise and build your reputation by delivering high-quality work on time.
What You’ll Earn
Medical writers can earn between $50 to $150 per hour, depending on the complexity of the project. Payments are typically made upon project completion or on a milestone basis, as agreed upon with the client. Building a strong portfolio and client base can lead to higher-paying opportunities over time.
6. Offer Test Prep Tutoring For Aspiring Doctors
Offering test prep tutoring for aspiring doctors is a great way to use your knowledge to help students succeed in their medical careers.
Getting Started
Start by identifying the specific tests you want to tutor for, such as the MCAT or USMLE. Create a profile on tutoring platforms like Wyzant or Varsity Tutors, or offer your services through local universities. Develop a curriculum and gather study materials. Promote your services through social media, professional networks, and word-of-mouth.
What You’ll Earn
Tutors can earn between $50 to $200 per hour, depending on the subject and level of expertise. Payments are typically processed through the tutoring platform or directly from students. The more sessions you book and the more successful your students are, the higher your potential earnings.
7. Consult For EHR Implementations
Consulting for Electronic Health Record (EHR) implementations allows doctors to use their clinical expertise to help healthcare facilities adopt and optimize EHR systems.
Getting Started
To get started, gain knowledge of different EHR systems and their functionalities. Join professional networks and attend conferences focused on health IT. Create a consulting profile on platforms like Health IT Jobs or reach out directly to healthcare organizations. Offer your services to clinics, hospitals, and other medical facilities needing EHR support.
What You’ll Earn
EHR consultants can earn between $100 to $200 per hour. Payments are typically made per project or hourly, depending on the contract. Project durations can vary, but most consultants see payments within 30 days of project milestones or completion. Building a reputation for successful implementations can lead to more and higher-paying opportunities.
8. Freelance as a Subject Matter Expert
Freelancing as a subject matter expert allows doctors to share their specialized knowledge with various industries needing expert insights.
Getting Started
Begin by identifying your areas of expertise. Create a detailed profile on freelance platforms like Upwork, Freelancer, or specialized consulting sites. Network with professionals in industries that require medical expertise, such as pharmaceuticals or healthcare technology. Apply for relevant projects and build a portfolio showcasing your expertise and successful collaborations.
What You’ll Earn
Subject matter experts can earn between $100 to $300 per hour, depending on the project’s complexity and industry demand. Payments are typically made per project or hourly and are processed through the freelance platform or directly from clients. Consistently delivering high-quality insights can lead to repeat business and higher rates.
9. Start a Health Podcast
Starting a health podcast is an excellent way for doctors to share their knowledge and connect with a broad audience interested in health topics.
Getting Started
To start, choose a niche or specific topics you want to cover in your podcast. Invest in quality recording equipment and editing software. Create an outline or script for your episodes and record your first few shows. Publish your podcast on platforms like Spotify, Apple Podcasts, and Google Podcasts. Promote your podcast through social media and professional networks to build an audience.
What You’ll Earn
Earnings from a podcast can vary. You might start with no earnings and gradually build up to $500 to $1,000 per month through sponsorships and advertisements. Payment methods and timelines depend on the agreements with sponsors and advertising platforms. Consistently producing high-quality content and growing your listener base can lead to increased earnings over time.
10. Start a Health YouTube Channel
Starting a health YouTube channel allows doctors to share their expertise through video content, reaching a wide audience interested in health and wellness.
Getting Started
To begin, create a YouTube account and set up your channel with a clear, professional profile and banner. Plan your content by deciding on topics and creating a content calendar. Invest in a good camera, microphone, and video editing software. Record and upload your videos regularly, focusing on engaging and informative content. Promote your channel through social media and medical networks to attract viewers.
What You’ll Earn
YouTube earnings come from ad revenue, sponsorships, and affiliate marketing. Initially, you might earn a few dollars per video, but as your subscriber base grows, you can make between $1,000 to $5,000 per month. Payments are processed monthly through YouTube’s AdSense program. The more views and engagement your videos get, the higher your potential earnings.
