Sometimes, side hustles are the stepping stones that help to put you closer to your dream. But, as with anything else, many hustles require discipline and effort. In this article, we’ll break down what these most common side hustles are and how they may help you on the path toward success.
Most Common Side Hustles
According to a study by Forbes, the top five most common side hustles for millennials are entrepreneurship, freelancing, online marketing, Podcasting, and tutoring.
While many people think of entrepreneurship as a high-risk endeavor, there are, in fact, many successful entrepreneurs who started as side hustles.
Freelancing is another typical side hustle for millennials. Freelancing can allow you to work from home, which can be a great way to earn extra money while you continue to work your regular job.
Online marketing is another popular side hustle for millennials. Online marketing includes everything from creating and managing a website to social media marketing.
Podcasting is another typical side hustle for millennials. Podcasting is the process of hosting a live conversation with other people online. This type of conversation can be great for networking and building relationships.
Tutoring is also a popular side hustle for millennials. Tutoring can help you gain new skills and knowledge in your field of interest. Tutoring can also provide an opportunity to make extra money while you continue working your regular job.
While there are many different options for side hustles for millennials, it is essential to carefully consider what type of side hustle is right for you. Not all side hustles are suitable for all people, and the same is true for any career.
It can be helpful to consult with a career counselor or other professional before starting a new side hustle.
Alternatives
Side hustles have become increasingly popular as an easy way to make money and supplement your income. Here are the top three most common side hustles for successful millennial:
- Freelancing
Freelancing can be a great way to make extra money while avoiding traditional job responsibilities. Freelancing websites like UpWork offer a variety of platforms that allow you to find freelance projects.
- Start Your Own Business
Starting a business is another excellent way to make extra money and work from home. Various resources, such as online courses and books, are available to help you launch your own business.
- Investing in Crypto currencies and ICOs
Crypto currencies and ICOs are two of the most popular side hustles for successful millennial. These investments can provide you with a high return on investment and can also be risky, so it is essential to research before investing.
There are a variety of other alternatives to side hustles, such as online tutoring or selling products online. Whether you are looking for a quick and easy way to make money or want to explore a more ambitious idea, there is likely an option available that is right for you.
How to Succeed at a Side Hustle
One of the best ways to succeed as a millennial is to start a side hustle. It is especially true if you want to achieve your financial goals.
There are numerous ways of beginning a side hustle. You can create a business from scratch or take on a part-time gig. Whatever route you decide to take, you need to understand how to succeed at a side hustle. Here are a few hints that will assist you with the beginning:
- Set realistic goals. Don’t aim for the stars if you don’t have the resources to achieve them. Make sure your goals are reasonable and achievable, and don’t overextend yourself.
- Build a good team. Side hustles are more successful when you have a group behind you. Please encourage others to participate in your venture, and help them out whenever possible.
- be persistent. Stick with your side, hustle through rough patches and obstacles, and eventually, you will reach your goal.
Starting a side hustle is one of the best ways to succeed as a millennial. You will be on your way to financial success by following these tips!
7 Resources to Get Started
As a millennial, you’re probably busy and constantly on the move. That’s why side hustles are so crucial for your success.
Here are some of the most common side hustles for millennial:
- Freelance work: freelancing can be a great way to make extra money while keeping your day job. You can find freelance work on websites like Elance and oDesk, or through social media sites like LinkedIn.
- Start a blog: Blogs are one of the best ways to build your brand and network with other entrepreneurs. Not only will blogging help you to market yourself, but it can also generate income from advertising on your blog, affiliate commissions, and product sales.
- Sell products online: If you have an idea for a product or service, turn it into a reality by selling it online. You can sell products through platforms like Shopify, eBay, and Amazon.
- Become a consultant: If you have expertise in a specific field, consider becoming a consultant to help businesses reach their goals. It is a great way to make money without any long-term obligations.
- Freelance writing: If you have a knack for writing, consider freelance writing as a way to make money. You can submit your work to online platforms like UpWork or Freelancer or find freelance gigs through individual businesses.
- Start a blog and develop an audience: One of the best ways to make money from your blog is to build an audience and sell advertising space. You can do it through SEO (search engine optimization) techniques and by generating affiliate commissions from related blog posts and products.
- Fly remote: Flying from a distance has become increasingly popular among millennial because it allows us to work from anywhere worldwide without giving up our hard-earned flexible hours. Several great remote career options include virtual assistant work, online freelancing, and independent contracting.
Conclusion
Millennial are more likely than any other generation to be working in side hustles. People of all ages are looking for new and inventive ways to make money, and these days, there’s no limit to what you can do as long as it falls within the bounds of the law. If you’re interested in starting a side hustle that can help you reach your financial goals, keep reading: here is a list of the top most common side hustles for successful millennial.
