The 7 BEST Side Hustles You Can Start Today | Summary and Q&A

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October 9, 2019
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Minority Mindset
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The 7 BEST Side Hustles You Can Start Today

TL;DR

The traditional system of working a job and relying on one stream of income is no longer enough. This video highlights seven side hustles that can help millennials and Gen Z-ers earn extra money and adapt to the new era.

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Questions & Answers

Q: How can freelancing be a profitable side hustle?

Freelancing allows individuals to offer their services to online businesses and get paid for their time and expertise. It is in high demand as businesses find it easier to hire freelancers rather than employees. Freelancers can set their own prices, work from home, and charge higher rates compared to being an employee.

Q: What are the benefits of social media marketing as a side hustle?

Every business needs an online presence, and many business owners lack the skills to handle social media marketing. As a social media marketer, individuals can charge businesses thousands of dollars a month to manage their online presence. Courses are available to learn social media marketing, and it can be a lucrative side hustle due to high demand.

Q: How can blogging/vlogging generate income?

Building an audience through blogging or vlogging allows individuals to earn income through advertising and affiliate marketing. Advertisements and product promotions can generate revenue, especially when targeting a large audience. Additionally, bloggers and vloggers can create and sell their own products or services to further increase revenue.

Q: How does e-commerce work as a side hustle?

E-commerce, specifically drop shipping, enables individuals to sell products online without holding inventory. When a purchase is made, the order is automatically sent to a manufacturer who creates and ships the product directly to the buyer. Targeted marketing is essential for driving sales in e-commerce businesses.

Summary & Key Takeaways

  • The traditional era of guaranteed success through a job and pension is over, and millennials and Gen Z-ers need to find new opportunities.

  • One stream of income is no longer enough for most employees, so side hustles have become essential.

  • The video discusses seven top side hustles: freelancing, social media marketing, blogging/vlogging, e-commerce, being a virtual assistant, online education, and wholesale real estate.

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