how to earn money online

Side Hustle Stats - Millennials Are the Worst at Side Hustles

By Mike Richardson 05/08/2022 3 mins read

If you take a look at side hustle statistics, you may be surprised to find that millennials are atrocious at side gigs. It is possible to make a lot of extra money if you're willing to work hard. The most popular side hustles include childcare, bartending and social media specialist. Almost 27% of side-hustlers choose to work part-time over their day jobs.

Millennials are among the worst side hustlers

Millennials are well-known for being disloyal, uncommitted and uncommitted to full-time employment. Many of these employees resort to side hustles to make extra money. These side hustles may include freelance work, volunteering, building businesses or anything in-between. Some Millennials do it to make money, but they also enjoy it because it suits their values and personality.

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 there are many possible reasons, many side hustles were prompted by poor working conditions. Many millennials chose to follow a less exciting career path because of the drop in jobs during the recession. Many side hustlers can pursue their dream jobs from their home, sometimes completely free.

Gig workers provide childcare, bartending and social media specialist services, as well as freelancing.

The gig economy has become a very popular way for people to supplement their income. You can find many gigs such as childcare, bartending and social media specialist. These flexible jobs can be done the same day and provide a steady stream of income. Finding the right gigs is what can be the most difficult challenge for gig workers. Listed below are some of the most popular gigs available.

Many people also choose to work part-time, in addition to freelancing. Part-time employment is usually more stable and secure than gig work. They are usually assigned by task, or shift. It's great to have flexibility, especially if your current job is in the office or studying. As long as you have the right skills, you can find gigs that suit you.

People with websites make more than people without them

Many entrepreneurs have started a blog. Ramit Sethi was a best-selling author in personal finance. Tim Ferris made more than $5m in just one week by selling a course on their blogs. These two examples show the power of combining side hustles to make money on the side. Whether you are a store owner or an influencer, affiliate marketing can be a lucrative option to make money online.

When choosing a side hustle, pick one that aligns with your passions. You may be passionate about dogs, babysitting or real estate. However, it will not be easy to work around your job. It is important to find side hustles that are in line with your interests. It won't make sense financially and it won't work out for you.

Website-owning Millennials earn more than those who don't have one.

It's not surprising that millennials with websites make more money than those who don't. The recession and the Covid-19 pandemic have both taken a toll on the millennial generation's 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 the Pew Research Center, the recession cost younger workers nearly $22,000 in lost income. However, millennials have many ways to supplement their income, including side hustles, investment opportunities, and saving.

A product sampling campaign is a proven way of generating high volumes of content quickly. 86% of those who get a sample or product free will review it. In addition, loyalty points or discounts can motivate 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

Are there other affiliate networks worth looking into?

Yes! Yes, there are other highly reputable affiliate networks. ShareASale. CJ Affiliate. Commission Junction. LinkShare. Rakuten Marketing. Media.net.

These networks all pay between $10-$20 commission for each sale. You will find many tools and features available to assist affiliates in their success.

How do I get started with affiliate marketing?

Affiliate marketing is an online business model where affiliates promote products for merchants. Affiliates get a commission when customers purchase merchant products. Affiliates make money when referrals buy their products.

The best way to start affiliate marketing is to find a product that interests you. Find companies that sell the exact same product. Ask similar companies if you can find one that is interested in becoming a partner.

You can also create your website and sell products on it. Affiliate marketing is a form of marketing. However, most people choose to partner with established websites because they already have a large following of potential buyers.

After you have found the product that you want to promote, you can contact the merchant directly. Explain why you think that your readers will buy the product. Ask if they would consider working together.

Negotiate the commission rate per sale with them if they are willing to agree. You should disclose any prior affiliations that you might have with the merchant.

Affiliate marketing can be a full-time job

Affiliate marketing is one of the most popular online business models today. This allows those who are looking to make money at home to receive commissions and not need to invest. Affiliate marketers can be trained in many ways. You have the option to start your website, join an established program, or promote another's product. It is best to start by finding a product you love and to see if it has an affiliate program. If it isn't, then you can set up your own program.

Choose a niche. This is the first step. This means choosing something you're passionate about and enjoy talking about. Once you have decided on a niche to focus your research efforts, you need to find out more. Learn about the available products and what their costs are. You can see their sales funnel to determine the steps you should take to promote them. Then, pick a few products you'd like to promote. After you've chosen your products, you can build a website.

Special software will be used to track visitors' visits to your site, and their time on it. This information will help you determine the price per visitor. There are two choices for most programs: a fixed price, where you only get paid once regardless how many people visit the site, or a percentage revenue, which you get paid each time someone buys anything.

Once you have built up your audience, you can promote yourself. You can promote yourself through social media sites like Facebook, Twitter, LinkedIn and YouTube. Use social media to share valuable content that can help people with their jobs. If you are promoting a course or other educational material, make sure to talk about its advantages and why it is so great.

If you are looking for a side business, affiliate marketing might be the right choice for you. It's not necessary to invest thousands in a new blog or learning code.

Statistics

According to research from Adweek, over half (51%) of TikTokers make purchases from brands they see in the app. (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)
Some 70% of consumers say SMS is a good way for businesses to get their attention. (shopify.com)
Backlinko found that the #1 organic result is 10 times more likely to receive a click compared to a page in spot #10. (shopify.com)
The latest stats show that 87% of marketers use email marketing to distribute content. (shopify.com)