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☆ 26-year-old's side hustle brings in $38,500 a month, takes 20 minutes a day: This can be 'passive all year long'
▼ + stars: | 2024-04-25 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Francisco Rivera quit his tutoring job in December after his side hustle brought in six-figures in 2023. DON'T MISS: The ultimate guide to earning passive income online Rivera estimates 30% to 50% of each sale is profit. The success of Rivera's Etsy shop allowed him to quit his tutoring job in December. Leveraging existing skillsAfter college, Rivera worked in Apple stores in the Dallas-Fort Worth area for three years. Rivera started seeking new ways to make income when demand for online tutoring waned after the pandemic, he says.

Persons: Francisco Rivera, Francisco Rivera's, Rivera, Rivera's, he's, Bali —, That's Organizations: Sail University, Apple, CNBC, Outschool Locations: Bali, Dallas, Fort Worth, Orlando

☆ 39-year-old left full-time job to grow her side hustle—now she makes $279,000 a year without working 'all the time'
▼ + stars: | 2024-04-19 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Bernadette Joy started her money coaching side hustle because she wanted to work fewer hours per week — not more. In 2019, Joy was running a Charlotte, North Carolina-based business called Dressed, rented out bridesmaid dresses. She initially loved running her own business, but the experience stopped being fulfilling, she says. Joy works 20 hours per week from Mondays through Wednesdays, leaving her enough free time to sleep, travel and take hip-hop dance classes. I don't want to work all the time," Joy, 39, said during a recent CNBC Make It panel at SXSW.

Persons: Bernadette Joy, Joy, she's Organizations: Boston University, University of North, CNBC Locations: Charlotte, North Carolina, University of North Carolina

☆ The No. 1 way for introverts to gain influence at work, says Stanford expert: It’s the ‘only way’ to stay relevant
▼ + stars: | 2024-04-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

But there's good news: You can get noticed without attending every social event, says Stanford University lecturer and communication expert Matt Abrahams. The key is intentionally engaging specific people around you — your "audience," as Abrahams calls them. "The biggest mistake people make in their communication is they don't focus on the needs of the audience," Abrahams tells CNBC Make It. You have three basic methods at your disposal for figuring out what's important to your audience, he notes: reconnaissance, reflection and research. "That's the only way to make [your work] relevant," says Abrahams.

Persons: Matt Abrahams, Abrahams Organizations: Stanford University, CNBC

☆ 26-year-old works 20 minutes a day, brings in $462,000 a year from side hustle: I'm 'doing less' and 'making more' than ever
▼ + stars: | 2024-04-11 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

Francisco Rivera doesn't even like candles — but he brings in six figures per year selling them on Etsy. For his product, Rivera chose neutral-colored organic candles with "witty" labels, he says. "I'm making more than I ever have, doing less than I ever have," says Rivera, 26. I would take a pay cut if it still allowed me to do what I'm doing [outside of my Etsy shop]. I'm not super passionate about selling candles.

Persons: they've, Francisco Rivera doesn't, Rivera, he'd, he's, —, I'm, it's Organizations: CNBC, YouTube Locations: AskMakeIt@cnbc.com, Orlando , Florida

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email27-year-old turned her side hustle into a business bringing in $25,000 a monthLiz Chick, 27, started making and selling art as a side hustle to get reprieve from her "windowless office" job. Now, she runs a Brooklyn, New York-based art studio and event business called RecCreate Collective that brings in about $25,000 a month, hosting events from knitting to cake decorating. The goal, says Chick: inspire creativity and give attendees a community to connect with.

Persons: Liz Chick, Chick Locations: Brooklyn , New York

RecCreate has been profitable since December, and Chick pays herself a salary of roughly $5,500 per month, she says. Liz Chick in RecCreate Collective's Brooklyn studio CNBC Make ItWithout a professional creative outlet, Chick created a personal one. The funds came in handy when, nine months later, she found her perfect studio space. She started renting it for $2,800 per month in March 2023, subleasing it out while she built a plan for RecCreate Collective. 'Vibes are expensive'Back in the studio, Chick watches Emhoff teach attendees how to use duplicate stitches, which go on top of existing ones, to embed images onto knitwear.

Persons: Liz Chick, Ella Emhoff —, Kamala Harris —, Chick —, It's, she's, Chick, RecCreate, she'd, Chick thrifted, I've, saran, —, Earnest, She'd, refinance, Emhoff Organizations: CNBC, YouTube, Parsons School of Design, RecCreate Locations: Brooklyn , New York, Chicago, New York, RecCreate Collective's Brooklyn, San Francisco

☆ Viral shop sold $9,800 of NYC earthquake T-shirts in 21 hours—it's run by an ex-JPMorgan Chase banker who quit from burnout
▼ + stars: | 2024-04-09 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

It took 15 minutes for Colley and his team to make the shirt and hang it outside his customizable apparel shop, in New York's Upper West Side neighborhood. Colley didn't advertise it on social media, and priced the shirt at $10, not expecting to turn a large profit, he says. A customer told him that the shirt had been viewed almost 2 million times on social media platform X, he adds. The shop sold roughly 1,000 earthquake shirts over 21 hours on Friday and Saturday, resulting in more than $9,800 in revenue, according to documents reviewed by CNBC Make It. Tourists stopped by because their friends had seen videos of his shop on local news channels in Italy, says Colley.

Persons: Kerry Colley glanced, Colley, Colley didn't, —, Colley —, he's, haven't Organizations: CNBC, JPMorgan Chase Locations: United States, New York's, Italy

☆ Millionaire founder: This is the No. 1 skill young people need to thrive in the AI era—it's not coding
▼ + stars: | 2024-04-08 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

There is one skill all young people need to thrive in the workplace — today and in the future — and it's been around for thousands of years. The type of storytelling may not matter, because the platforms people use to communicate can rapidly change. IT business consultancy Gartner reportedly bought L2 Inc. for more than $130 million in 2017, according to regulatory filings. The importance of storytelling is particularly why young people shouldn't rely solely on generative artificial intelligence tools like ChatGPT — not now, not ever, said Galloway. Management experts agree — understanding AI is important, but it isn't the sole skill needed to succeed at work.

Persons: it's, Scott Galloway, Galloway, Oliver Wyman Organizations: CNBC, SXSW, New York University Stern School of Business, L2 Inc, Gartner, ChatGPT, Management Locations: Galloway

☆ The day Mark Cuban became a millionaire, he took off his watch and threw it away—here’s why
▼ + stars: | 2024-03-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

That same day, he took off his watch and threw it away, he said at a SXSW panel earlier this month. "This time wasn't spent to learn about what my dad did, but to learn that his job didn't have a future," Cuban said. "[Buying a private plane] was my all-time goal because the asset I value the most is time, and that bought me time," Cuban told told Money in 2017. Today, Cuban wears an Apple Watch to track his health metrics, he said at SXSW — but it hasn't changed his stance on time. "I wanted to make enough money so I didn't have to respond to anybody else," Cuban said in a recently released MasterClass course.

Persons: splurging, Mark Cuban, wasn't, Cuban's, Cuban, hasn't Organizations: CNBC, Yahoo, Guinness, World Records, Cuban, Apple Watch, SXSW, Dallas Mavericks, Cost Locations: Pittsburgh

☆ 39-year-old money coach who makes $23,000 a month: My No. 1 tip for starting a side hustle
▼ + stars: | 2024-03-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Joy ran Charlotte, North Carolina-based Dressed, which started as a side hustle connecting people who owned bridesmaid dresses with people who wanted to rent them. It helped her pay off her student loans, quit her full-time job, hire employees and open a storefront. "I spent [three months] wrapped up in my blanket on my couch thinking, 'What am I going to do?' 1 tip for starting a side hustle: Try to monetize what comes naturally to you, instead of selling something just because you can. The show grew into a money-coaching business called Crush Your Money Goals, which helped Joy make $279,000 last year, or roughly $23,250 per month on average, according to documents reviewed by CNBC Make It.

Persons: Bernadette Joy, Joy, She'd Organizations: CNBC Locations: Charlotte, North Carolina

☆ Yale happiness expert: Feeling too busy—all the time—actually hurts your brain. Here are 3 easy ways to fix it
▼ + stars: | 2024-03-24 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

There's a reason you dread looking at the stacked blue, yellow and green blocks on your Google calendar. Feeling too busy, or like you don't have time to do what you want, can lead to "time famine," according to Yale University psychology professor Laurie Santos. Four in five employed U.S. residents feel time-poor, according to a 2018 study. The good news: There are three simple actionable ways to build "time affluence," as Santos calls it, and improve your happiness. We should all think "about time the way we think about money," she said.

Persons: Laurie Santos, Santos Organizations: Yale University, SXSW, Companies Locations: U.S

☆ The ultimate guide to earning passive income online
▼ + stars: | 2024-03-07 | by ( Cnbc Make It Staff | ) www.cnbc.com time to read: +2 min

In fact, one of the most common questions that readers write in to ask CNBC Make It is: How can I start a passive income business? That's why we created How to Earn Passive Income Online, a new online course that launches March 12 and is available now for preregistration, as part of the Smarter by CNBC Make It online learning series. Our course provides an overview of common passive income streams, from creating digital products like printables to selling merchandise online using print-on-demand services. But if you're willing to navigate the market, experiment and learn, you can build passive income into your life. Sign up today for the online course How to Earn Passive Income Online and save 50% with a limited-time introductory offer.

Persons: who've, Megan Sauer, Amy Landino, Ryan Hogue, Bradley Sutton Organizations: CNBC

☆ 3 simple ways to become more influential at work, says Stanford expert: ‘There’s nothing more powerful’
▼ + stars: | 2024-03-06 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

You don't have to be a CEO, or even a manager, to be influential at the office. Getting your coworkers to listen to and support your ideas boils down to just three emotional intelligence techniques, says Stanford University lecturer and communication expert Matt Abrahams. The advice is timely, Abrahams adds: Hybrid and remote work mean most entry- and mid-level Gen Z and millennial employees get less face time with their bosses. "You really are forging your own way and need to get others to at least support, if not follow, the things you're trying to do." Find alliesWhenever you find yourself in a room of people who don't usually work with, you have an opportunity to form new relationships.

Persons: Stanford Graduate School of Business Matt Abrahams, Matt Abrahams, Abrahams, I'm Organizations: Stanford Graduate School of Business, New York Marriott Marquis Hotel, Stanford University, CNBC Locations: New York City

☆ Mark Cuban still follows this advice his dad gave him at age 14: It helps me live ‘the way I wanted to’
▼ + stars: | 2024-02-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Billionaire Mark Cuban built his career using advice his dad gave him at age 14: Time is your most valuable asset. Sometimes, his dad brought him along to sweep floors — and, more specifically, show him the limits of working for someone else. "This time wasn't spent to learn about what my dad did, but to learn that his job didn't have a future," says Cuban, 65. "I wanted to make enough money so I didn't have to respond to anybody else," Cuban said in a MasterClass released last week. "I could make my own schedule and live my own life the way I wanted to do it."

Persons: Mark Cuban, Norton, wasn't Organizations: CNBC Locations: Pittsburgh, Cuban

☆ Mark Cuban got the idea for a $5.7 billion business in a California Pizza Kitchen
▼ + stars: | 2024-02-22 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

That's where Mark Cuban and his college friend Todd Wagner were in 1995, eating lunch and talking about Indiana University basketball. "There's got to be a way that we can listen to Indiana University basketball ... over the internet," Cuban recalled the two of them saying, during a MasterClass course released Thursday. Cuban and Wagner sold the company to Yahoo for $5.7 billion in stock in 1999. It remains Cuban's most lucrative entrepreneurial endeavor, topping the $6 million sale of his first company, software business Microsolutions, in 1990. Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank," which features Mark Cuban as a panelist.

Persons: Mark Cuban, Todd Wagner, There's, Cuban, Wagner, Broadcast.com, he's Organizations: Ivy League, Indiana University basketball, Yahoo, Hoosiers, Cost, CNBC Locations: Dallas, Bloomington , Indiana, Broadcast.com, Cuban

☆ 42-year-old spent $1,000 to launch her Amazon side hustle—now it brings in $33,000 a week
▼ + stars: | 2024-02-21 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Jenny Woo, 42, brought in more than $1.71 million in 2023 revenue by selling EQ card games on Amazon. She was working on her master's degree in education at Harvard University, learning about emotional intelligence and child development. Woo spent roughly $1,000 from her savings to launch her side hustle, Mind Brain Emotion, in 2018. A million-dollar ideaWhen budget cuts hit the school, Woo was laid off. A month before graduating from the Harvard program, Woo launched a Kickstarter campaign for the deck with a $1,500 goal.

Persons: Jenny Woo, Woo, —, it'd Organizations: Harvard University, Amazon, CNBC, University of California, Berkley, Cisco, Harvard, Harvard Innovation Labs Locations: Irvine, Southern California, Boston

☆ Using this 1 word more often can make you 50% more influential, says Harvard study
▼ + stars: | 2024-02-15 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Berger points to nearly a 50-year-old study from Harvard University, wherein researchers sat in a university library and waited for someone to use the copy machine. They phrased their request in three different ways:"May I use the Xerox machine?" "May I use the Xerox machine because I have to make copies?" "May I use the Xerox machine because I'm in a rush?" "Persuasion wasn't driven by the reason itself," Berger wrote in a book on the topic, "Magic Words," which published last year.

Persons: Jonah Berger, Berger, — Organizations: Wharton School, University of Pennsylvania, CNBC, Harvard University, Xerox

☆ Here's a ‘really simple’ way to change people’s minds, says Wharton persuasion expert: It makes people 30% likelier to say yes
▼ + stars: | 2024-02-08 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Asking someone for help can feel like a burdensome request. Asking for a helper tells the other person that you respect their expertise, flattering them into agreement. That's just one example of turning "options into identities," says Jonah Berger, a marketing professor at the Wharton School of the University of Pennsylvania. "Framing actions as opportunities to claim desired identities will make people more likely to do them," Berger tells CNBC Make It. "If voting becomes an opportunity to show myself and others that I am voter, I'm more likely to do it."

Persons: Jonah Berger, Berger, I'm Organizations: Wharton School, University of Pennsylvania, CNBC Locations: That's, It's

☆ This morning routine helps Mark Cuban stay productive—it involves working from his bed
▼ + stars: | 2024-02-07 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Some people swear a productive day starts at 4 a.m. Others sleep on factory floors to ensure work gets done. The early-morning organization helps keep him productive throughout each day, he said. It's partially a privilege, Cuban admitted: He was initially attracted to entrepreneurship so he could control his own schedule. "The whole value of being in this position is just being able to control your time," Cuban, 65, said. But for Cuban, his schedule and communications are streamlined through his inbox, which helps him prepare for the day and cut down on unnecessary calls and emails, he said.

Persons: Mark Cuban, Trevor Noah, It's, Cuban, Nicola Hughes Organizations: CNBC, Cuban

☆ The No. 1 mistake people make when trying to win arguments, according to a Wharton professor
▼ + stars: | 2024-02-01 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

You might assume winning arguments — over politics, a work project, or even where to eat — requires hours of researching data and rehearsing well-informed points. Not necessarily, says Jonah Berger, a marketing professor at the University of Pennsylvania's Wharton School. That's because people often dilute their stronger claims by adding weaker, less relevant ones, Niro Sivanathan, an organizational behavior professor at London Business School, told CNBC Make It in November. So, instead of hearing your strongest points, the person you're hoping to convince may walk away with a shallower understanding of your argument. "If you have just one key argument, be confident and put that on the table, rather than feeling the need to list many others."

Persons: Jonah Berger, didn't, Niro, Sivanathan Organizations: University of Pennsylvania's Wharton, CNBC, London Business School

☆ YouTube CEO's No. 1 success tip: It's 'the secret sauce'—I wish I got 'that advice early in my career'
▼ + stars: | 2024-01-31 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

YouTube CEO Neal Mohan has four words of advice for anyone looking to succeed: Be true to yourself. "I wish somebody had given me that advice early in my career, because nothing rings more true." The experience at YouTube, Mohan said, taught him about the value of authenticity. By his estimation, the most successful creators on YouTube are transparent about their real lives and show their personalities in videos. "Whether they're sports creators, whether they're musicians or artists … of course, they're incredibly talented and know how to tell stories, but they're true to themselves," Mohan said.

Persons: Neal Mohan, Mohan Organizations: YouTube, Stanford Graduate School of

☆ Mark Cuban: Here's the moment I knew I wouldn’t succeed in corporate America
▼ + stars: | 2024-01-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Mark Cuban once pictured himself running a major corporation — until he started his first job out of college. The experience "sealed" something he probably already knew, Cuban told CNBC Make It via email: If he wanted to run a company, he'd likely have to build his own. "I was a lousy employee because I was a know-it-all," Cuban told Wired last year. But not every prospective entrepreneur is as successful as Cuban, who launched a software company called Microsolutions in 1983 and kept it afloat through some turbulent early years. Cuban's second business, Broadcast.com, was acquired by Yahoo for $5.7 billion in 1999.

Persons: Mark Cuban, Cuban, Trevor Noah's, unkindly, he's, didn't, he'd Organizations: —, University of Indiana, Mellon Bank, CNBC, Software, Wired, Yahoo Locations: Pittsburgh, Cuban, America, Dallas

☆ How to start a lucrative side hustle in 3 steps: You don't need to trade 'your time for money'
▼ + stars: | 2024-01-23 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

Launching one of your own can be that easy if you know where to start. Most side hustles need to check at least one of those three boxes to succeed, she notes. If you were good at school, you could earn extra money by tutoring. "There are other ways to [earn] that aren't just trading your time directly for money," says Berman. But without their access to customers or built-in legitimacy, you'll have to build your own brand without a road map to earn any money at all.

Persons: Kathy Kristof, Cody Berman, it'll, Kristof, you've, Berman, Etsy, who'd Organizations: Gold City Ventures, Rover

☆ 41-year-old CEO worth $320 million: This piece of childhood advice helped me climb the career ladder
▼ + stars: | 2024-01-19 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Emma Grede didn't grow up near Silicon Valley tech founders or Manhattan financiers. She's built relationships along the way: Her business partners for those companies are Khloé Kardashian and Kim Kardashian, respectively. But she credits a large part of her success to advice her mother gave her when she was little. "I really value myself and I really value my goals, and I don't think [success] is much more complicated than that," Grede, who has a reported net worth of $320 million, said on the podcast. The lesson taught Grede that she could learn alongside her peers at any job, then carry that knowledge onward when it was time for bigger and better things, she said.

Persons: Emma Grede didn't, Grede, Jay Shetty, She's, Khloé Kardashian, Kim Kardashian, Emma Locations: Silicon Valley, Manhattan, East London

☆ Couple spent $0 to launch business from their tiny apartment—now it brings in $26.5M a year and makes money 'while you sleep’
▼ + stars: | 2024-01-17 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Tessa Barton and Cole Herrmann lived in a 250-square-foot New York studio apartment, with a showerhead that spit brown water and a radiator capable of giving second-degree burns. She and Herrmann, a software engineer, realized they could bottle up her aesthetic into pre-made photo filters and sell them. That idea is now Tezza, a Los Angeles-based company that makes collage kits, apparel and its claim-to-fame photo editing app. Barton and her photo collage wall, in the couple's New York studio apartment. Tezza is best known as a photo editing app, currently ranking between competitors Lightroom and VSCO on Apple's app store.

Persons: Tessa Barton, Cole Herrmann, You'd, —, Herrmann, Tezza, Barton, we'd Organizations: CNBC, University of Utah, Urban Outfitters, New, Adobe Locations: York, Los Angeles, New York, Barton

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