It used to be that when someone wanted to earn extra income, they would work two to three jobs. Most of these jobs consist of doing the “dirty work,” so to speak. Washing dishes or housekeeping are two common side hustles the older generations do. But thanks to the rapid rise of technology, millennials are now enjoying a different kind of side hustle.
There has been a considerably high demand for new jobs because of technology, requiring nothing but a laptop and a stable internet connection. Some of these earning opportunities don’t even require 20 hours a week, making them perfect side hustles for millennials with the technological know-how.
According to this article, half of the millennials have side hustles, and that number is still growing. Are you interested in having side hustles as well? Then join us as we discuss the ten side hustle ideas for millennials.
1. Teach English Online
ESL (English as a Second Language) teaching is an industry that is currently enjoying its golden age. This gig is a budget-friendly way for people to enhance their English speaking skills, and this is a profitable side hustle for people looking for extra income.
The best thing about this job is you have complete control over which time slots you want to open, making it a perfect side hustle. The lessons on most of these platforms are a given, so there’s no need to research different topics unless you want to add more information.
Companies such as 51talk, Cambly, and Bizmates are good places to start your ESL Teaching journey. Do you have good English communication skills? ESL teaching is undoubtedly one of the best side hustles for millennials right now.
2. Audio Transcription
Audio to text transcription is also a job that can be a side hustle and your primary job simultaneously. You just have to listen to an audio file and type the words you hear; it’s that simple! Of course, it comes with challenges, like some audio recordings being low quality and different rules regarding the transcription itself (clean verbatim, full verbatim).
What makes this a good side hustle for millennials is that you’re in control of your time. You can start working at any time, and the number of files you will finish depends on your skills. The usual going rate for every 5-minute audio file is S$1.35, so imagine if you finish ten 5-minute audio files, you’ll be getting S$13.5 by the end of your shift.
3. License Your Music
Many millennials are already musically inclined, so why not turn your love for music into profitable? Programs like FL Studio, Ableton Live, and Garageband allow you to make songs, and registering those songs with a Performance Rights Organization (PRO) will allow you to make money off them through royalties.
Making music is a good side hustle that won’t take up your time if you already have the skills. If you still have zero to little knowledge about this field, practicing won’t take up your time — unless you’re not eager to learn. It is an ideal side hustle for millennials since it’s entertaining but will allow you to earn money if you put forth the time and effort.
Does the thought of getting paid while making music appeal to you? Then start honing your craft, and be the next Lil Nas X or Post Malone by creating and licensing your music!
4. Become a Rideshare Driver
Ridesharing is an industry that has experienced massive growth over the past few years. This service has become a more convenient way of commuting, and the demand for drivers is high. If you’re looking for a good side hustle that will take you to different places and allow you to interact with many people, then this is the perfect side hustle for you.
For those worrying about the pay, worry no longer. According to this article, you can earn an average of S$30 per hour during peak hours and S$25 during non-peak hours as a Grab driver. Even spending three to four hours a day will prove profitable if you choose this side hustle.
If the thrill of the road excites you, then this is one of the best side hustles for millennials that you have right now.
5. Play Blockchain Games
It’s no secret that millennials love to play video games. Their generation is the ones exposed to gaming PCs and different gaming consoles. Do you know that aside from selling your high-level MMO account, there’s another way to earn while you’re playing? You heard that right! You can now earn while playing through blockchain games!
Blockchain games allow you to earn crypto/digital currencies, which you can convert into cash. There are different ways of earning coins by playing blockchain games, but selling something of high value is the most common. Once you sell it on the in-game marketplace, you will be paid in whatever cryptocurrency that game uses.
Blockchain games are a perfect side hustle for millennials because many millennials are already tech-savvy or gamers themselves. Games like Axie Infinity and The Sandbox are some of the most popular blockchain games right now.
If you’re someone who likes to mix work and play, then what are you waiting for? Play one of these games now and earn in the process!
6. Social Media Marketing
Social media has swept the world by storm and has become an integral part of our everyday lives. Many different jobs have also been formed to take advantage of the growing popularity of social media platforms. One such job is the social media manager.
Social media managers raise brand awareness about different products or services to drive traffic and possibly money in purchases on the client’s website. Social media managers are expected to create catchy pictures with engaging captions to get potential customers’ attention.
Being a social media manager is one of the best side hustles for millennials because almost everyone already spends a lot of time on social media platforms; why not turn it into something profitable?
If you want to stretch your creative muscles and get paid simultaneously, why not try social media marketing.
7. Start a Blog
Blogging is and remains to be one of the most lucrative income generators for a lot of people. Even if different forms of media like podcasts and vlogs have popped up, blogging continues to be a good source of income.
Blogging remains popular because of the different ways one can earn from it. You can earn by advertising, affiliate marketing, website flipping, or selling your services through the blog. The number of choices on monetizing your blog is why blogging is one of the best side hustles for millennials.
Do you enjoy writing and sharing your experiences with other people? Start your blog now, watch it grow, then watch those dollars come through.
8. Online Selling
The pandemic stressed the importance of the online marketplace, and it made people who aren’t mainly using its services before regular customers. That is why online selling remains a lucrative money-making venture to this day.
Online selling runs in the principle of buying different items cheaply and selling them at a slightly higher price for profit. This approach is a good side hustle idea for millennials today since it doesn’t take too much of your time, and as your popularity as an online seller grows, the number of your customers and your profit will also increase.
Are you business-minded? Then start your small business by being an online seller.
9. Be a YouTuber
Google built YouTube because they believe that anyone can make video content. That small idea has now grown and is now a multi-million dollar enterprise, boasting a lot of homegrown celebrities like Pewdiepie, the cast of Smosh, and the Paul brothers.
Much like blogging, you can earn in YouTube content creation by placing ads on your videos or endorsing products, services, or games directly. You just have to reach a set number of subscribers to place ads.
This gig is one of the best side hustles for millennials because it’s a low-risk, high-reward deal. You just have to find your niche and create different content about it.
Do you want the glitz and the glamor of stardom? Or do you want to talk about the things you love the most? Either way, there’s money in it for you in YouTube content creation.
10. Turn Your Hobby Into Something Profitable
Are you a guitarist looking for a quick buck? A bedroom EDM (electronic dance music) producer, perhaps? Or maybe you like to compose songs or dance. Sites like Fiverr don’t just entertain your run-of-the-mill freelance work; it also allows talented people in the arts to find work.
Before you hang your head and say that there are not a lot of opportunities for the skills mentioned above and the like, give the site a visit and see how lucrative those fields are. Many well-known musicians and artists are offering their services on the site as well.
Do you want to turn your passion into a business? Start offering your services now on these freelance sites!
Side hustles offer another form of income to an individual. If you’re a millennial, you have a considerable advantage over people from older generations because of your innate technological prowess. If you want to make extra income, or are looking for passive income, then maybe it’s time to try one of these side hustles.
We hope to shed some light regarding different options for you to make money through this article. You just have to choose one or two of these side hustles and get started on your journey to financial stability.