Kevin O'Leary Says Social Media Can Make Side Hustles Easier, Help Entrepreneurs Earn $1,000/Month - Shopify (NASDAQ:SHOP)
ShopifyShopify(US:SHOP) Benzinga·2025-12-14 03:47

Core Insights - Modern technology has significantly simplified and enhanced the profitability of side hustles, enabling entrepreneurs to potentially earn an additional $1,000 per month through content creation and online sales [1][2] - Social media literacy is essential for successfully operating a side hustle, as it serves as a primary tool for marketing and sales [3][5] Industry Trends - The side hustle economy is growing, with nearly one-third of American workers engaging in gig work alongside their main jobs, according to a LinkedIn Workforce Confidence survey [4] - Younger generations, particularly Gen Z, are more inclined to have side hustles, with 57% participating compared to only 21% of Baby Boomers [5] Recommended Strategies - Entrepreneurs are advised to establish accounts on multiple platforms, post content across all channels, and understand algorithms before launching their side hustles [5] - Successful examples, such as Steven Schwartz, who co-founded a tech marketplace generating $354,000 per month after trying 23 ventures, illustrate the potential of the side hustle economy [6]