BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming

EP331: Side Hustles for Physicians - 20 Ideas You Can Start This Month


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Tired of relying solely on clinical shifts?

Discover 20 practical side hustle ideas tailored for busy physicians, from telemedicine to real estate investing. Host Dr. Mike Woo-Ming shares actionable first steps, income potential, and tips to launch part-time without quitting your day job. He draws from his 20+ years as a physician entrepreneur to outline 20 viable side hustles you can start this month with minimal investment. Organized into four categories

  • Clinical-adjacent (telemedicine, locum tenens, expert witness)

  • Knowledge-based ( medical writing, online courses, podcasting, coaching)

  • Tech/digital (app consulting, social media influencing, affiliate marketing)

  • Business/investment ( real estate, practice consulting, med spa startups)

He covers why each works for doctors, first steps like signing up for platforms or networking, realistic income ranges ($500–$50,000+/month), and quick tips for success. Emphasizing action over perfection, Dr. Mike encourages picking 2–3 ideas based on your time, capital, timeline, and passions to build extra $5K–$10K/month while preventing burnout and achieving independence.

Three Actionable Takeaways:

  • Explore Clinical-Adjacent Gigs for Quick Wins: Start with telemedicine or locum tenens: Sign up for platforms like MD Live or agencies this week, aiming for 5–10 hours/month at $100–$300/hour to test flexibility and fund other ventures.

  • Monetize Your Knowledge Digitally: Create an online course or podcast. Outline a mini-course on Kajabi/Teachable or record your first episode in two weeks, targeting passive income of $5K–$50K annually through sales or sponsorships.

  • Build Long-Term Assets Through Business: Invest in real estate or start a cash-based practice: Attend a local meetup or research franchises, focusing on high-margin niches like med spas for $100K+ post-expenses while diversifying income.

About the Show:

Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.

Tune in weekly at http://bootstrapmd.com

About the Host:

Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy.

Let's Connect: www.https://www.bootstrapmd.com

Want to start a podcast? Check out the Doctor Podcast Network!

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