Side hustle has become a common phrase among millennials this century. It is uncommon to find fully dedicated employees who work from 8-5 without something else that earns them that extra income. Side hustle is simply means having income outside your normal income stream. In the developed world it is normal to find millennials working two or three jobs. One is never enough.
Side hustle is simply means having income outside your normal income stream. In the developed world it is normal to find millennials working two or three jobs. One is never enough.
In this article, I explore 3 side hustles that don’t really work. If you are considering the three, mmmm! try to become a blogger, ghost writer perhaps, or start a retail store and employ some because these three are a complete waste of resources.
- Marketing products and then grow through the levels
Thought to be a complete joke of the 21st century, members of these schemes continue to rubble inside.The lure is you join them, buy products at discounted price and work hard to recruit more people and continue earning from their (your recruits) sales.
The model, which is similar to a pyramid scheme, encourages members to continue buying and using products at discounted prices. This is simple logic. Join them and continue buying their products.
For new recruits, the language used is, “join work hard and you will rise through the ranks.” They can’t explain how they make their money because its complicated. Even the biggest money makers of Herbalife complained and busted Herbalife’s business model, the New York Post reported in 2014.
Herbalife encourages people to join, buy and recruit more people for you to earn. What Herbalife creates is a database of consumers rather than successful sales people. You end up spending the discount you earned to buy the products to earn more. This is a complete waste of time and resources, try blogging, the inner satisfaction is valuable.
- Social Media Channels marketing
Affiliate marketing is one of the best-earning tools online. This is a model where you earn commission on referrals and recommendations you give to potential buyers. This works best for trusted bloggers with a huge following of readers worldwide. Affiliate marketers sell ebooks, website domains, hosting plans, WordPress themes e.t.c. If you check their monthly earnings, a huge chunk of the money comes from affiliate marketing.
Affiliate marketing works with links that include referral codes. If you think you can do these on social media, think again. You know how affiliate marketing works, commission on successful purchases through your links. Most of the people on twitter and facebook are looking for stuff to buy, rather they just want to know what is happening.
You need to have traffic or huge following to get people click your links. People like me wouldn’t click on links I don’t trust. Do this instead, give serious buyers a reason to follow your links when they are not interested in buying.
Think with Google writes that 65% of people who make purchases online start by doing an internet search, not social media search. Second advice, create your own product online and sell.