Yahoo Finance Top 5 side hustles Gen-Z is using to make extra money
More and more Aussies are picking up extra jobs and side hustles to survive the cost-of-living crisis.
Soaring inflation and sky-high cost of living means more Aussies than ever are turning to side hustles to make ends meet, some with more success than others. Here are the top five ways our entrepreneurial Gen-Z are making extra money on their own terms, and building careers at the same time.
Also read: Building a business at uni with just $20
Also read: 3 reasons private education isn't worth the money
1. Social media influencer
If you're constantly glued to your mobile phone, creating great content and have a knack for captivating an audience, why not turn your passion into profit?
Whether you're sharing your fashion expertise on Instagram, showcasing your gaming skills on Twitch, or demonstrating your cooking hacks on TikTok, the possibilities are endless.
Spend your excess time building your personal brand, engaging with your followers, and collaborating with brands that align with your values.
There are so many ways to monetise digitally now, having a fanbase is crucial in 2023.
Remember, authenticity is key, so stay true to yourself, and watch your influence grow alongside your bank account.
2. Online tutor
If you're a whiz at a particular subject or have a passion for teaching, why not make a difference while earning some extra cash?
Online tutoring is the way to go. Platforms like Tutor.com, VIPKid, and Chegg Tutors connect you with students eager to learn from your expertise.
Whether you're tutoring in Math, English, or even teaching someone to play high-level chess, you'll make an impact on someone's education while boosting your own bank account.
3. Freelancer
Who needs the 9-to-5 grind when you can embrace the freedom and creativity of freelancing? As Gen-Zers, we value flexibility, and freelancing allows us to showcase our skills while calling the shots.
Whether you're a talented graphic designer, a wordsmith with a stellar copy-writing ability, a web designer who knows exactly what looks good, or a coding genius, there's a whole world out there waiting for your expertise. Platforms like UpWork, Fiverr, and Freelancer.com connect you with clients who are eager to tap into your talent. So, unleash your entrepreneurial spirit, showcase your portfolio, and let your skills shine!
4. Virtual assistant
In a fast-paced digital world, busy professionals often need an extra pair of hands to manage their administrative tasks. As a Gen-Zer with excellent organisational and multitasking skills, you can offer your services as a ‘V.A’ (Virtual Assistant).
Platforms like Upwork and Freelancer.com could connect you with professionals seeking assistance with tasks such as email management, scheduling, research, and social media management. You would be helping business owners streamline their workload while earning money on your own terms.
5. E-commerce entrepreneur
Have you got a creative streak that's itching to break free? Then e-commerce might just be your perfect side hustle. With platforms like Shopify and Etsy at your fingertips, you can create your very own online store and start selling your unique products to the world.
Whether you're crafting handmade jewellery, designing trendy apparel, drop-shipping the latest trendy product from Aliexpress or showcasing your custom drawings, the online marketplace is your playground. Let your entrepreneurial spirit soar, unleash your creative juices, and watch your business grow from the ground up.
The world of side hustles is calling... no more are you bound by the 40-hour work week. Whether you choose to become a social media influencer, dive into freelancing, venture into e-commerce, offer online tutoring, or embrace content creation, use this new-age digital opportunity to make money or your own terms.
Turn your passions into profit, channel your entrepreneurial spirit, and create your own success story.
Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to our free daily newsletter.
