Your medical degree gives you access to a plethora of side income opportunities. In this blog, we are going to discuss some of them. These side gigs might not give you complete independence from clinical opportunities, but they will grant freedom from small day-to-day financial worries. But before we begin, you will need to state in your mind the reason you are looking to make passive income.
Are you looking to work more in a day or less? Is this short-term, say for a vacation? Are you looking to try something new? Is this to cover your medical education debt? Are you planning to buy something big for your better half? Or is this to replace your income entirely?
After answering these questions, it will be easier to decide among the best side income opportunities for your individual needs.
Even if you answer no to all of the questions above, it is always great to have multiple income streams and have more than one option to fall back on. So, shall we begin and explore some of the ways your medical degree can help you make money on the side? Okay, let's go!
1) Paid Medical Surveys
Not everyone can get access to these surveys. Companies like My Medical Panel do stringent checks before sending their research surveys to their members. These researches can impact the next vaccine that hits the market or the upcoming gargantuan biological development. Your medical degree gives you access to these lucrative healthcare surveys.
All you have to do is register with your specialty on these sites, and they will start sending you surveys related to your profile afterward. Your data is secure as most of these companies follow strict privacy guidelines.
For example, My Medical Panel is a GDPR-compliant brand and maintains complete transparency in its operations. Are you looking to make up to $1000/survey and make good use of time? Join MY MEDICAL PANEL and begin your journey of financial independence.
2) Shift to a Venture Capitalist firm
Yes! You read that right. Investments in the Medtech space are already on the rise, and with the advent of the metaverse, they are only to rise further. When working with a venture capital (VC) firm, medical professionals conduct in-depth analyses of prospective healthcare startups and recommend whether the VC firm should invest in them.
If you are someone who is not only passionate about providing care but also the latest developments happening in the healthcare innovation space, this might be perfect for you.
It is a whole new thing, and it might sound intriguing but scary. We realize that. But imagine the entirely new world of possibilities you will get to explore! If you are interested in the health tech space and have your medical expertise, you are all set.
You might prove to be an invaluable resource for the firm, with so much innovation happening every other day. If all goes well, you might end up as a partner with the venture capitalist firm! It is not unthinkable and has happened before. We wish you the best of luck if you decide to do it. Reach us at support@mymedicalpanel.com and tell us about your experience. We will be so happy to talk to you and promote your story.
3) Become an influencer
That's easier said than done. But your medical degree can make the path easier for you. You could start a YouTube channel, build an online course, start a medical newsletter, do short technical videos on Instagram & other similar platforms, or something entirely different.
There are a plethora of side income opportunities in this space. You have to narrow it down and find your niche. Let's say, for example, courses. Doctors have a wide range of abilities, both medical and non-medical. If you spend a few days, hours, or weeks creating online coursework on a favorite topic and posting it to your website or one of the specialty course sites like Coursera or Udemy, you will have a continuous source of income. Before proceeding, make sure the topics you discuss are high in demand and low in supply. Once you hit that nice, your course will spread like a forest wildfire through word of mouth.
On the other hand, if you love making videos, you can join any video-sharing platform and share your videos. It might be tricky to find the first few viewers. Don't let that dishearten you. Once you start getting some traction, your audience will find you.
You could also start a personal blog or a monthly/weekly newsletter if you love putting pen to paper. You can begin with the goal of finding your first 100 true fans who read all your work and share some of them. You can start promoting or advertising products or services that would interest your readers afterward. The trust quotient in this type of promotion is higher, and it could prove to be well worth your time.
Did you like any of the suggestions in this blog? Are you going to use any of them? We would love to know more. Join our global online community of healthcare professionals here - https://www.mymedicalpanel.com/ and share your experience with your similar-minded peers.