7 Incomes Anyone Can Start In 2024

Summary

In this informative video, the host shares seven viable income streams that anyone can start. These include selling items on Facebook Marketplace, utilizing cashback rewards sites like Rakuten, participating in referral programs, engaging in print-on-demand businesses, delivering food with services like Uber Eats or DoorDash, investing in high-yield online savings accounts, and creating YouTube content about making money. The video offers practical advice and personal experiences to inspire viewers to explore these side hustles.

Takeaways

• 😀 Selling items on Facebook Marketplace is an easy way to generate income.
• 🛍️ Flipping items involves buying low and selling high on Facebook Marketplace for profit.
• 🆓 Utilizing the 'Free Stuff' section on Facebook Marketplace can lead to acquiring items at no cost to resell.
• 🏋️‍♂️ Refurbishing and reselling workout weights can be a profitable niche on Facebook Marketplace.
• 🪑 Furniture refurbishing and resale is another lucrative category on Facebook Marketplace.
• 💰 Cashback rewards sites like Rakuten offer a passive income stream through online purchases.
• 🔗 Companies' referral programs can provide additional income by referring others to platforms like Rakuten.
• 👕 Print-on-demand businesses allow for creating and selling T-shirt designs without handling production or shipping.
• 🍔 Food delivery services like Uber Eats or DoorDash offer flexible income opportunities, even without a car.
• 💲 High-yield online savings accounts can generate significant interest on savings, with rates much higher than traditional banks.
• 🎥 Creating YouTube videos about making money can turn into an income stream by sharing personal experiences and advice.

Q & A

What are the three ways to sell items on Facebook Marketplace mentioned in the video?

The three ways are: 1) Selling things you already own, 2) Flipping items by buying low and selling after improving their condition, and 3) Picking up free items listed under 'Free Stuff' and reselling them for a profit.

Why are workout weights and furniture highlighted as good categories for resale on Facebook Marketplace?

Workout weights and furniture are highlighted because people often look to get rid of them for free, and with a little refurbishing, they can be sold for a higher price.

What is Rakuten and how does it work for earning cashback?

Rakuten is a cashback rewards site that partners with thousands of websites. Users install a plugin on their browser, and when they shop through Rakuten's links, they earn a percentage of cashback from their purchases.

How does the referral program on Rakuten work, and what are the benefits?

The referral program on Rakuten allows users to earn money by referring others to use the platform. When someone signs up using your unique referral link and starts earning cashback, Rakuten gives both the referrer and the referred person a certain amount, typically $30.

What is print-on-demand, and how can someone start a print-on-demand business?

Print-on-demand is a business model where you create designs that are printed on demand by a service provider. To start, one needs to design T-shirt designs, upload them to print-on-demand websites, and earn a profit from each sale without handling production or shipping.

What are the requirements to become a food delivery driver with Uber Eats or DoorDash?

The requirements include being at least 18 years old and having a mode of transportation, which can be a car, scooter, bicycle, or even on foot. There's no need for a car specifically, and you can work on your own schedule.

How does high yield online savings work, and what are some examples of banks offering this service?

High yield online savings accounts are interest-bearing accounts offered by banks that pay higher interest rates than traditional savings accounts. Examples include Capital One 360 Performance Savings, Betterment, and Wealthfront, offering interest rates between 4% and 6%.

What is the potential income stream related to making videos, as mentioned in the video?

The video suggests that documenting and sharing one's journey with side hustles on platforms like YouTube can become an income stream. This is because there is an audience interested in learning about legitimate ways to make money.

What are some tips for choosing items to resell on Facebook Marketplace for profit?

The video suggests focusing on items like workout weights and furniture, which are often given away for free but can be refurbished and sold at a higher price.

How can one ensure they are not charged extra when using Rakuten for cashback?

The video clarifies that using Rakuten does not charge extra. The cashback comes from the commission Rakuten receives from partnered companies, which they share with the user.