AFFILIATE MARKETING
4 Gen Z side hustle and passive income ideas
![4 Gen Z side hustle and passive income ideas 4 Gen Z side hustle and passive income ideas](https://articles.entireweb.com/wp-content/uploads/2023/02/1675420899_4-Gen-Z-side-hustle-and-passive-income-ideas.jpg)
Everyone is getting in on the side hustle craze. More than a third of Gen Xers, 36%, currently have a side gig, according to a May 2022 Zapier survey of 2,032 U.S. adults. And nearly two thirds of both Gen Zers and millennials have one, 59% and 61%, respectively. Gen Zers, specifically, make an average of $9,537 per year on their side hustles.
If you’re a member of that younger generation and are looking to cash in on the trend, there are plenty of hustles for you to consider. “Think about what stage in life you’re in,” says side hustle expert Kevin Ha. “You’ve got more time, probably, you’ve got the ability to live unconventionally because you’re probably by yourself.”
Here are four side hustles for Gen Z to consider.
Affiliate marketing
If social media is already second nature, you may have wondered or looked into how to monetize it.
“According to Instagram’s Trend Report, two thirds of Gen Z plan to use social media to make money this year,” says Jen Glantz, founder of Bridesmaid for Hire and the creator of the Monday Pick-Me-Up and Odd Jobs newsletter. “And the best part about that is you don’t need to be an influencer or have a million followers.”
One way to do this is through affiliate marketing. “What that means is that you promote products with a special link and if people click that link and buy, you make money,” says Glantz. You can apply to Amazon’s affiliate marketing program for example, or log onto your favorite brands’ site to see if they offer affiliate options.
Influencer Shannon Smith makes $8,600 per month in passive income from affiliate marketing on her social media posts. She suggests taking note of how other people are creating popular content and focusing on a niche subject matter and product.
Virtual assisting
Another option to consider is virtual assisting. What “virtual assistant” means can span the gamut.
“Maybe you’re really great at Excel, or you’re great at Google Docs, or you’re great at Photoshop or you’re really, really good at organization,” says Glantz. “Whatever your core skills are, you can get paid to assist someone virtually in those skills.”
Try offering your services on sites like Fiverr or Upwork, or looking for virtual assisting gigs on LinkedIn, dedicated Facebook groups or sites like Belay or Robert Half.
Virtual assistants on Upwork charge as much as $75 per hour.
Secret shopping
If you’re a fan of buying things or eating out, you might consider secret shopping.
Sites like Secret Shopper or BestMark pay or reimburse shoppers for checking the customer experience of retailers, restaurants and other business, usually between $10 to $25 per shop, according to Sidehus.com. Reviewers have been sent to a salon to see if they honored a free first visit coupon and to a video game store to see if they’d sell a game for mature audiences to an underage kid.
When it comes to restaurant assignments, “for Gen Z, it’s a good option because it’s free food,” says Ha, adding that at a young age, “you probably have more flexibility to go out to eat.” Ha himself says he made $1,700 in 2022 using secret shopping website Market Force.
Food delivery
Speaking of food, another side hustle Gen Zers might consider is food delivery. Depending on what stage of life you’re in, recent grads or college students often live in “dense areas with young people ordering food,” says Ha. That means if you take on this, you won’t have to go far to make your deliveries. “You can just be in your apartment waiting for orders,” he says.
Ha recommends using sites like Uber Eats, DoorDash and Grubhub. Ha himself delivers on his bike to save money on gas and get some fresh air and exercise. In October 2022, he says he made almost $675 delivering food with these apps.
Whatever you decide to do, know that you’re developing skills that could feed into your career. Before you dive in, ask yourself, what’s an industry you’d like to explore? Where do you want to be in five or ten years?
Bottom line, says Glantz, ask yourself, “how can this side hustle benefit my future career?”
Check out:
4 side hustles for introverts: Some can bring in tens of thousands of dollars
3 in-demand side hustles to start in 2023―one pays up to $100 per hour
9 in-demand side hustles that can be done from home—and how much they pay
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AFFILIATE MARKETING
How to Humanize AI Content: 3 Strategies for Authentic Engagement
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Want to know why human-generated content gets 5.4 times more traffic than AI-generated material? Learn the game-changing strategies that can make your AI content feel more authentic and engaging.
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A Buddy’s Franchise is Built for Success in a Recession Resistant Industry
![A Buddy's Franchise is Built for Success in a Recession Resistant Industry A Buddy's Franchise is Built for Success in a Recession Resistant Industry](https://articles.entireweb.com/wp-content/uploads/2024/06/A-Buddys-Franchise-is-Built-for-Success-in-a-Recession.jpg)
For decades, Buddy’s has built its business in a recession resistant and essential industry that keeps growing. Since 1961, Buddy’s has worked every day to provide rent to own furniture, appliances and electronics that you can own Faster For Less. Today, Buddy’s operates over 300 Franchise and corporate locations nationwide.
3 Benefits of owning a Buddy’s Home Furnishings franchise:
- Established brand with over 60 years of industry presence.
- Recurring revenue model from rent-to-own services.
- Comprehensive support including training, marketing, and financing.
Buddy’s Home Furnishings franchises offer an opportunity for entrepreneurs to operate businesses providing rent-to-own home furnishings, electronics, and appliances. With over 338 locations, Buddy’s has a proven business model benefitting from decades of brand recognition and a robust rent-to-own market. Click Here to to learn more about Buddy’s Home Furnishings.
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Key Facts:
- Minimum Initial Investment: $375,650 – $797,540
- Initial Franchise Fee: $39,900
- Liquid Capital Required: $200,000
- Net Worth Required: $750,000
- Veteran Incentives: 20% off the franchise fee.
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How Small and Medium Businesses Can Help Their Communities by Innovating with Cloud Technology
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Opinions expressed by Entrepreneur contributors are their own.
The term small and medium businesses (SMBs) belies the sizable contribution these organizations make to economies and employment markets. According to the World Economic Forum, “Small and medium-sized enterprises (SMEs), which represent around 90% of all firms globally, provide roughly 70% of all employment and, by some estimates, contribute to up to 70% of global GDP.” They are also embedded in their communities, delivering innovative products and services that play a crucial role in accelerating economic development.
However, doing all of this while remaining competitive requires SMBs to perform a fine balancing act between three key goals. They must accelerate speed to market for their products and services, they must build customer trust and at the same time, they must work to reduce costs. So, how are these small but mighty SMBs doing it? And — more importantly — how can they make it easier and do it better? The answer, supported by a recent report from Accenture, lies in adopting cloud services and technologies.
Related: 4 Reasons Business Leaders Need to Accelerate Cloud Adoption
Leveraging cloud tools to unlock billions in benefits
The report estimates that by 2030, cloud-enabled SMBs in healthcare, education and agriculture will have unlocked $161 billion in productivity gains. These cloud-enabled SMBs will support 95.8 million jobs, equivalent to 8% of the total employment on average across the 12 countries studied. Meanwhile, SMBs in these sectors in the U.S. stand to gain a predicted $79.8 billion, a 26% increase in current productivity benefits. Within cloud computing, artificial intelligence (AI) and machine learning (ML) are expected to have the most significant effect: 78% of businesses surveyed identified these technologies as the most significant in creating societal impacts in 2030.
Many businesses have already migrated services and computing to the cloud. Approximately 63% of all U.S. businesses (and 44% globally) now utilize cloud technology. Most of these will be large enterprises with the digital savvy and resources to make the move. This means there are many SMBs that are, therefore, missing out. First, on being able to achieve that fine balancing act between the three key goals. Second, on the opportunity to build on current achievements and continue to spearhead positive change across communities and economies.
By utilizing on-demand services and products, SMBs will gain access to the kind of tools and approaches historically restricted to large enterprises. This means they can capitalize on emerging trends by being first to market with new products (addressing key goal number one). They can also deliver secure, high-quality products and services, protect customer data and provide reliable customer support to help build customer trust (addressing key goal number two). Finally, as a result of introducing more efficient processes and better resource allocation and supply chain management, they can streamline operations and ensure they’re financially resilient (key goal number three).
Related: How to Revolutionize Your Supply Chain by Harnessing the Power of Smart Technologies
AI, ML and advanced adoption
The OECD’s definition of cloud adoption levels includes basic adoption, such as web-based email services or cloud-based storage solutions, and intermediate adoption, such as customer relationship management or enterprise resource planning tools. The average rate of basic adoption in the countries surveyed in Accenture’s report stands at 44%, and that of intermediate adoption hovers at 19%. There is clearly a large proportion of SMBs that are missing out, yet it’s in the adoption of advanced technologies that the greatest untapped gains lie. Within this third level of cloud adoption, the OECD includes the likes of AI and ML tailored for sophisticated tasks. The average advanced cloud adoption rate is currently 13%, yet 78% of respondents to the report identified AI and ML as the technologies that will have the most transformative impact on societies.
To realize that vision, this gap must be closed. As it becomes so, what can we expect to see and experience in critical sectors by 2030? In education, SMBs could help make learning more accessible and provide personalized content and individualized feedback to students. In healthcare, they could enable more medics to analyze results more accurately and synthesize high volumes of data for R&D: generative AI is expected to play a role in the development of up to 30% of all new drugs by 2025. In farming, we would see a greater uptake of AI and ML technologies for precision, data-driven agriculture, which uses fewer resources and yields greater results.
Reducing costs, enabling scalability and gaining expertise
This vision and the prospect of adopting cloud technologies will be significant for many SMBs that will understandably want to start small. Fortunately, the nature of the cloud supports this. Instead of investing heavily in new infrastructure, SMBs can use cloud services and virtualized resources on a pay-as-you-go model. Shifting from traditional fixed costs to a variable costs model means organizations only pay for what they use — which can be scaled up and down to meet demands – reducing running costs and freeing up capital. Starting small also means working with a cloud services provider that understands the needs of each SMB it works with and offers tailored support and training.
Of course, just because we start small doesn’t mean we can’t think big. In terms of migrating to new cloud technologies, SMBs should adopt a whole-of-business cloud migration strategy and draw on the knowledge and expertise of other organizations that have already made the move. For businesses operating in any market, these benefits will be attractive — especially to their bottom line. Finally, achieving this vision for 2030 can’t be attained without the buy-in of other markets and sectors of society. Moving towards this goal — and leveraging the cloud technologies required means continuing coordination between governments, educators and other industries.
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