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

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.

Key Insights

• 💢 The previous era of guaranteed success through traditional jobs and pensions is no longer applicable to millennials and Gen Z-ers.
• 💢 Side hustles have become necessary for financial stability and success in the "new era."
• 🎓 Freelancing, social media marketing, blogging/vlogging, e-commerce, being a virtual assistant, online education, and wholesale real estate are all viable side hustles.
• 🤑 The internet has made it easier than ever to start earning extra money on the side.
• ✋ Side hustles provide flexibility, higher income potential, and the opportunity to monetize specific skills.
• 👻 Course platforms like Udemy allow individuals to teach and share their knowledge, creating additional income streams.
• ❓ Wholesaling real estate can be an excellent side hustle, offering the opportunity for substantial profits with minimal investment.

Transcript

What's up everybody, I am Jaspreet Singh, and welcome to the Minority Mindset. Our parents and grandparents lived in the era of opportunity through working a job. In this previous generation, if you went to school and got a job, you were pretty much guaranteed to live a good life, with a pension waiting for you when you retire. "Back in my day, you... Read More

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.