"Kevin O'Leary, also known as "Mr. Wonderful," said modern technology has made side hustles easier and more profitable, allowing entrepreneurs to earn an extra thousand dollars a month through content creation and online sales. "Side hustles have never been easier or more profitable. With modern tech, you can make an extra thousand dollars a month if you understand content creation and you know how to sell online," O'Leary wrote on X."
"O'Leary emphasized the necessity of social media literacy for side business operations. "If you don't understand social media, you can't run a side hustle," he stated in the post. O'Leary previously called direct-to-consumer businesses with social media storytelling "the big side hustle in America" and "America 2.0." He noted that if he had to start over today, he would dive headfirst into the digital world, using social media as his main tool."
Modern technology and social media have lowered barriers and increased profitability for side hustles, enabling entrepreneurs to earn an extra thousand dollars monthly through content creation and online sales. Platforms such as TikTok, Instagram, Shopify and Whatnot provide viable channels for selling products from watches to socks and bow ties. Social media literacy is essential for operating a side business, including understanding algorithms, creating content, and running accounts across platforms. Recommended steps include setting up profiles on every platform, posting across channels, and learning how algorithms work before launching. Surveys show growing adoption of side hustles, especially among younger workers.
Read at Benzinga
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