AFFILIATE MARKETING
4 Gen Z side hustle and passive income ideas
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 Capitalize On This Thriving Talent Pool to Drive Your Company’s Growth
Opinions expressed by Entrepreneur contributors are their own.
As business operations shift, executives and entrepreneurs are increasingly turning to an on-demand workforce that is simultaneously empowered by technology and drawn to purpose-driven projects.
Consider Upwork, whose 2020 Future of Workforce Pulse Report revealed that nearly 80% of hiring managers engaging freelancers feel confident about doing so. These hires provide coveted expertise — on a project-to-project basis — that entrepreneurs need to scale their operations without incurring long-term overhead costs.
This new market paradigm also promotes dynamism, with 79% of businesses agreeing that freelance talent enables greater innovativeness. Perhaps most telling, 84% of hiring managers utilizing it feel more assured about adapting to future disruption, compared to just 69% of those relying solely on full-time staff.
By capitalizing on freelance marketplaces, entrepreneurs can amplify employer branding, augment capabilities and future-proof organizations, even amid turbulence. As nearly 60% of hiring managers plan to increase engagement with freelancers over the next two years, the time is now for executives to realize their inherent potential.
Related: Navigating the Great Reshuffle: Why Your Employer Brand is Key in Recruiting Talent
The job market continues to shift
After a season of massive hiring, we’re back to seeing layoffs and downsizing. Companies are feeling the bloat—from unused office spaces with rising rent to oversized employee structures — and are shifting focus to hiring only the most essential positions. This leaves a critical talent gap needed for complex projects and specialized tasks. Highly skilled and specialized independents can fill this void.
A few key benefits to engaging them:
• Access to niche experts: Platforms like Toptal and Guru provide access to elite professionals from leading Fortune 500 companies and innovative startups. Whether the need is for a machine learning specialist, growth strategist or financial modeler, entrepreneurs can now curate on-demand teams that boast specialized skillsets, enabling them to focus investment on projects with the highest strategic value.
• Enhanced agility: Leading corporations increasingly “rent” skills by tapping freelance experts for initiatives involving new technologies or while entering unfamiliar markets. With niche contributors available to plug knowledge gaps, owners can explore ideas that once seemed unrealistic due to internal constraints—unlocking inventiveness and first-mover advantage.
• Stronger employment brand: Blending full-time employees with project-based freelancers signals a commitment to modernization and work-life balance. Offering both engaging work and flexibility will help draw exceptional candidates and help you compete with corporate giants for top-tier talent.
Related: Can Retirees Thrive in the Gig Economy? Navigating a Changed Workforce
Tips for capitalizing on gig talent
Having explored the forces reshaping work, executives may wonder how to effectively leverage freelance platforms. After all, how can you know you’re getting your money’s worth if a hire isn’t physically present full-time?
• Define projects clearly: Contract hires thrive when expectations and deadlines are established upfront. So, clearly, detail needs around deliverables, success metrics, required skills and projected time investments. Staying ahead when it comes to communication and expectations will help avoid headaches, including delays.
• Build loyalty with talent: The best independent professionals have options regarding the projects they accept. Study their profiles to discern passions and incentives. Offer interesting work, flexibility and strong communication to motivate interest and improve results.
• Manage collaboration: Provide steady context, feedback and guidance at each project stage, but also foster autonomy, even while directing efforts toward strategic goals. A dynamic balance of these qualities drives optimal outcomes.
• Continue expanding your talent pool: Add proven freelancers to an internal database for repeat engagements, and notify talent about new initiatives for which their expertise would provide an edge. Uncovering additional ways, freelancers can enhance the business deepens the relationship.
Related: Fill Your Talent Gap by Sourcing Candidates From the Veteran Community
Top platforms for connecting with talent
Now comes the hard part: finding contractors who bring fractional expertise sets. There are a growing number of platforms, of course, but I’ve found that the following stand out as leaders:
Fiverr: Ideal for execs seeking design, digital marketing, writing, video and admin support. Known for affordability and ease of posting jobs. It taps a global talent pool, too.
Upwork: A flexible platform that spans more than 150 skills. Used by everyone from small businesses to global enterprises. Strong at IT, development, design, finance and consulting.
Toptal: Focuses exclusively on the top 3% of talent. Best for expert software developers, designers, project managers and finance experts. All contributors are extensively vetted.
Contra: A growing independent platform that vets and connects both job candidates and hiring companies. Best of all, it doesn’t take a commission from projects.
Related: 3 Strategies to Optimize Your Hiring Process and Find the Best Employees
The numbers speak for themselves: businesses engaging freelance professionals report greater confidence and competitiveness, as well as the ability to withstand turbulence, yet legacy beliefs can still cause hesitancy among those keen to hire. Supported by such specialized collaborators, companies can explore new horizons unencumbered by a one-time narrow view of staffing models.
AFFILIATE MARKETING
Trump Media stock plummets again
Trump Media & Technology Group Corp (TMGT) shares plummeted after the entity filed to the U.S. Securities and Exchange Commission (SEC) to issue 21 million shares.
The parent company of social media platform Truth Social has approached the SEC with a Files S-1 Resale Registration Statement.
Trump shares nosedive after announcement
The shares in the company ended the day on the stock market a further 18% down on initial trading. The SEC filing states:
We are registering the resale by the Selling Securityholders named in this prospectus, or their permitted transferees, an aggregate of 146,108,680 shares of Common Stock, consisting of:
- 1,133,484 Placement Shares;
- Up to 14,316,050 Founder and Anchor Investors Shares;
- 744,020 Conversion Shares;
- 965,125 DWAC Compensation Shares;
- 690,000 TMTG Compensation Shares;
- 6,250,000 Alternative Financing Shares;
- 7,116,251 Private Warrant Shares;
- 143,750 Representative Shares; and
- 114,750,000 President Trump Shares.
This takes the overall fall down to nearly 60% of the launch price for the former President’s company stock. We reported earlier this month that the initial stock had fallen 20% in the first week of trading on the stock exchange.
Digital World Acquisition Corp merged with Trump Media in late February to a large fanfare. The highest mark for the much-talked-about stock came in at $66.22, so the dip to $26.61 is a catastrophic fall ahead of a potential further share issue.
The $52.77 plummet will be a costly one for the company, but as we reported last week, executives are still taking home sizeable compensation in this turbulent opening.
Leading figures at TMGT have been given promissory notes to the tune of $6.25 million.
This is broken down into $1.15 million for Chief Executive Officer Devin Nunes, $4.9 million for Chief Financial Officer Phillip Juhan, and $200,000 for Chief Operating Officer Andrew Northwall.
It will be an interesting read ahead to see if the SEC agrees on the share issue and one that will certainly impact the future of TMGT.
Image: Ideogram.
The post Trump Media stock plummets again appeared first on Due.
AFFILIATE MARKETING
Save an Extra 20% on the Ultimate Microsoft Bundle Featuring Windows 11 Pro, Office, and More
Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.
Microsoft’s creations have impacted more than 1 billion users worldwide, helping successful innovators across industries. You can currently pick up a comprehensive collection of popular products that are primed to boost your productivity for a surprisingly low price.
For a limited time, purchase the Ultimate 2019 Microsoft Bundle, complete with Office, Project, Visio and Windows 11 Pro, at only $79.99 (reg. $927) by using coupon code ENJOY20. Pick up this full package for only a fraction of the standard cost through April 16 at 11:59 p.m. Pacific.
Offering an AI assistant, touchscreen options and personalized settings, Microsoft Windows 11 Pro packs new potential into your operating system. Enjoy higher speeds and greater security with an OS that delivers access to DirectX 12 Ultimate and Microsoft Teams.
Meanwhile, get right to work with Microsoft Office Professional Plus 2019, equipped with these programs:
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This bundle carries a store rating of 4.5 out of five based on verified buyer reviews, featuring March 2024 feedback that reads, “The installation was easy and it worked right away as expected. I will get another one in the future.”
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StackSocial prices subject to change.
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