17 Side Hustles Helping Millennials Earn 6 Figures Per Year
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Many millennials have embraced side hustles to earn extra income on top of their regular jobs. With the right business idea and effort, these second ventures even have six-figure potential. We cover 17 promising side hustles that ambitious millennials are using to bring in over $100k per year.
Start a Blog and Monetize It
Launch a blog sharing your knowledge and experiences in a niche, then implement monetization strategies like advertising, affiliate marketing, digital products, and coaching services. Consistent blogging and marketing can build a 5-6 figure business.
Lease Space on Hipcamp
List unique outdoor accommodation spaces like tiny homes, tents, or treehouses on Hipcamp to host travelers and outdoor enthusiasts. Top hosts easily earn over $100k a year with the right unique property and location.
Run Local Tours on Airbnb Experiences
Create and list engaging local tours and activities tailored for tourists looking for memorable experiences in your city on Airbnb. Things like food tours, photo tours, historical tours all have potential.
Launch an Informational YouTube Channel
Start a YouTube channel focused on teaching viewers about topics you’re an expert in like finance, cooking, arts and crafts, home improvement, and more. Monetize with YouTube ads and sponsorships.
Rent Out Your Home on Airbnb
Renting your home when traveling or a secondary property on Airbnb can reliably generate thousands per month. Savvy hosts even do Airbnb arbitrage to rent and sublet listings at a profit.
Flip and Resell Sneakers
Limited edition sneaker releases offer huge profit potential for resellers who can get inventory. Learn to source pairs then resell on sites like StockX and GOAT for 5-6 figures in revenue.
Become an Instacart Shopper
Make grocery deliveries for services like Instacart. With the ability to earn $15-$25 per hour during busy times, it has significant earning potential, especially with pandemic demand.
Consult in Your Area of Expertise
Offer paid consulting services to businesses in your industry niche, whether marketing, HR, engineering, or other specialties needing insider insights. Consultants can charge $100-$500 per hour.
Teach English Online
Tutor Chinese children or other international students in English online through platforms like VIPKid. Teachers can realistically earn $18-$22 per hour and set their own schedule.
Become a Virtual Assistant
Provide administrative, social media management, email management, data entry, technical support, and other VA services remotely to businesses to earn $50-$100 per hour.
Trade Stocks
With the rise of easy-to-use stock and options trading apps, day trading profitable securities has booming profit potential for savvy traders able to invest significant time.
Monetize a Large Instagram Following
Building a large Instagram following in a specific niche provides opportunities to earn sponsorships, partnerships, and affiliate sales once you hit tens of thousands of engaged followers.
Develop and Sell Online Courses
Create online courses teaching in-demand skills related to your expertise using platforms like Udemy. Top instructors make 6-figures selling informational courses.
Start an Ecommerce Business
Source trending products to resell from China through your own ecommerce store on Shopify. Leverage Facebook ads to scale. This dropshipping model can reach high 7-figures.
Flip Items from Thrift Stores
Find underpriced goods at thrift stores, garage sales, and estate sales, then resell on sites like eBay and Etsy for big profit margins. Top sellers make 6-figures.
Generate Passive Income from Real Estate Investments
Owning and renting out investment properties can generate 5-6 figure passive income through rental revenue, Airbnb rentals, and appreciation over time with the right properties.
Create and Sell Digital Products
Design templates, photo packs, Lightroom presets, fonts, graphics, and more to sell to hungry entrepreneurs through your own store or markets like Creative Market. Top sellers earn 6-figures.
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