how to make extra money

Side Hustle Statistics – Millennials Are The Worst at Side Hustles

By Bob Thomas 19/07/2022 3 mins read

You might be shocked to see that side hustle statistics show that millennials are among the most unsuccessful. It is possible to make a lot of extra money if you're willing to work hard. Childcare, bartending or social media specialist are some of the most popular side hustles. A majority of side hustlers are happy with their part time gigs, which is nearly 27% more than their day jobs.

Side hustlers are worst for millennials

Millennials are known for being uncommitted, disloyal, and uncommitted in their full-time jobs. These employees often resort to side hustles to earn extra money. These side hustles can range from freelancing to volunteering, building a business or anything in between. While some Millennials are doing it for money, they are doing it because it fits their personality and values.

A BankRate survey revealed that over half of American teenagers had taken up a side-job as a passion project in a recent survey. Although the reasons behind this behavior are varied, many were motivated by difficult work conditions. Many millennials decided to take a less rewarding career path due to the recession. Many side hustlers can pursue their dream jobs from their home, sometimes completely free.

Gig workers are available to provide childcare, bartending, social-media specialist or freelancing

The gig economy is an increasingly popular way of supplementing one's income. There are many gigs to choose from, such as freelancing, childcare, bartending or social media specialist. These flexible jobs are easy to do and can provide steady income. However, the biggest challenge for gig workers is finding the right opportunities. Here are some popular gigs.

People choose to work part time, as an alternative to freelance. Part-time employment is usually more stable and secure than gig work. They are usually assigned by task, or shift. Flexibility is a plus, especially for someone who is currently studying or working in an offices. If you have the right skills, there are gigs for you.

Website owners make more than those who don't have one.

Many successful entrepreneurs started with blogs. Ramit Sethi, Tim Ferris and Tim Ferris, both best-selling authors in personal finance, made more than $5 million selling courses they created on their blogs. These two examples show the power of combining side hustles to make money on the side. Affiliate marketing can bring in a lot of money, no matter if you are an influencer or a store proprietor.

You should choose a side job that aligns with what you love. If you're passionate about animals, real estate or babysitting you should pick something you enjoy, but that can be difficult to fit in with your regular job. Find a side gig that matches your interests and skills. It's unlikely that it will be financially sustainable.

Millennials who have a website make more than those without one.

It's not surprising that millennials with websites make more money than those who don't. Both the recession and the Covid-19 pandemic took a toll on millennials' earnings. Inability to find work led to fewer opportunities for income and advancement in their careers. This set millennials back financially, which negatively affected their self-esteem. According to Pew Research Center's estimates, the recession cost younger workers approximately $22,000 in lost wages. There are many options for millennials to supplement their income. These include side hustles and investment opportunities.

Engaging with millennials via product sampling campaigns is a proven method to quickly generate large volumes of content. 86% of those who get a sample or product free will review it. Also, loyalty points and discounts are attractive to millennials. PowerReviews works with many companies that offer sweepstakes prizes as an incentive to review. This is an excellent way to grab the attention of millennials as well as create an online community.

FAQ

Do I need to register my domain before building my site?

Before you can launch your own website, you must register your domain.

Domain names cost around $9 per year. Domain names cost around $9 per year.

Is it possible to use WordPress.org, a free website hosting service?

No. Free hosting sites do not allow you to customize your website design.

These restrictions also limit how many visitors you can send your site.

How can I make money through affiliate marketing?

Affiliate marketing offers one of the best ways to make a living online. You don't even need to leave your home! Register for an affiliate program. Find a product you like, promote it, get paid when someone buys.

If you wish, you can market multiple products simultaneously. Only to promote products you know something about.

What is the best affiliate network for beginners?

Amazon Affiliate Program is a great affiliate network. The program does not require any investment. This is one of the most renowned affiliate networks.

You should join Amazon Associates before you sign up for the Amazon Affiliate Program. Referring customers to Amazon.com is another way you can earn commissions.

Statistics

One of the most well known sites is the Amazon affiliate program, Amazon Associates , which boasts the largest market share of affiliate networks (46.15%). (bigcommerce.com)
A recent study by Mediakix revealed that 80% of marketers find influencer marketing effective. (shopify.com)
BigCommerce affiliate program , you receive a 200% bounty per referral and $1,500 per Enterprise referral, with no cap on commissions. (bigcommerce.com)
According to research from Adweek, over half (51%) of TikTokers make purchases from brands they see in the app. (shopify.com)
Instagram is the most popular channel, with 67% of brands using it. (shopify.com)