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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

☆ 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

☆ I started an Etsy candle store last year. The passive income helped me move out of my parents house and travel the world.
▼ + stars: | 2024-04-10 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

Read previewThis as-told-to essay is based on a conversation with 26-year-old Francisco Rivera, an Etsy seller from Orlando. I manage an Etsy store that made $403,499 last year after Etsy's fees and postage costs. Since starting the store, I've moved out of my parent's house and started renting a studio in Orlando. That's when I realized my Etsy store could replace my income from teaching. Quitting my job was scary, but I knew that even if this particular shop failed, I could set up another store on Etsy.

Persons: —, Francisco Rivera, I've, It's, I'm, I'd, Bali . I've Organizations: Service, Business Locations: Orlando, Texas, Bali ., Belgium, France, New York, Caribbean

☆ 36-year-old mom makes $15,000 a month working 10 hours a week—her best advice for scaling an online business
▼ + stars: | 2023-06-03 | by ( Gili Malinsky | ) www.cnbc.com time to read: +4 min

Jade Weatherington, 36, had long been teaching English on various websites when she created two classes on Outschool, an online course platform for kids, in 2018. In 2021, she also started creating courses teaching people how to build an online course themselves. Weatherington, who lives in Atlanta, Georgia, with her 14-year-old daughter, now makes about $15,000 per month and is still working around 10 hours per week. In January 2023, Weatherington saw enrollment on her Outschool classes was back up. In her courses, she breaks down how to start an online course including creating the course content and lessons and doing marketing for it.

Persons: Jade Weatherington, Weatherington, hiccups, she'd, who's Organizations: Business Locations: Atlanta , Georgia

☆ Edtech venture capital firm Reach Capital raises $215 million for its largest fund ever and has its sights set on backing more generative AI startups
▼ + stars: | 2023-04-10 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Reach Capital has closed its fourth fund with $215 million to invest in education startups. The team is also looking to back more companies using generative AI in education, Reach Capital founding partner Esteban Sosnik told Insider. Near the end of 2022, edtech investing had just reached $8.89 billion in 2022, according to PitchBook. While generalist investors still have some interest in edtech deals, some of the hype has worn off. Reach has also backed several edtech startups that went on to become unicorns, or reach a valuation of over $1 billion, including Outschool, ClassDojo, and Handshake.

☆ Fintech startup Meadow wants to make paying for college easier and update the 'outdated tech' at many colleges. It just raised $3.5 million.
▼ + stars: | 2023-01-31 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Meadow is a fintech-meets-edtech startup that lets students calculate what they'd pay for college. On Meadow, students can see what their full cost for school would be after financial aid. The startup has landed partnerships with big universities and just raised $3.5 million in funding. It was especially hard for first generation or immigrant students, Brillembourg said, because of the hoops they needed to jump through to secure funds from multiple sources. "You're 18, not financially literate, and being thrown into this large complex financial payments journey with little or no support to navigate it," he said.

☆ Edtech startup Meadow wants to make it easier for students to track the cost of their tuition and update the 'outdated tech' at many colleges. It just raised $3.5 million.
▼ + stars: | 2023-01-31 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Meadow is a fintech-meets-edtech startup that lets students calculate what they'd pay for college. On Meadow, students can see what their full cost for school would be after financial aid. The startup has landed partnerships with big universities and just raised $3.5 million in funding. It also sends reminders to current students to keep track of when their tuition payments are coming up and how much they owe. "You're 18, not financially literate, and being thrown into this large complex financial payments journey with little or no support to navigate it," he said.

☆ These are the 3 most promising side hustles of 2023: Delivery jobs 'take way too much of your earnings,' says expert
▼ + stars: | 2023-01-18 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

A food delivery man crosses the street in Times Square in Manhattan on March 17, 2020 in New York City. "Now, the big growth really is with professional platforms where people can earn six-figure incomes from home, doing everything from marketing to law." She adds part of the shift could be because platforms like Uber and Lyft "take way too much of your earnings." To start, here are the three most promising side hustles of 2023, according to Kristof:Selling your skills and knowledgeA lot of people are making money selling what they already know, according to Kristof. According to the same poll, 22% of Boomers, who range from age 58 to 76, currently have side hustles.

☆ Leaked video shows the CEO of $3 billion GoStudent announcing fresh layoffs. Insiders and Slack screenshots suggest hundreds of staff have been cut.
▼ + stars: | 2022-12-16 | by ( Riddhi Kanetkar | Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

GoStudent held a company-wide all-hands meeting Thursday after a fresh wave of layoffs. The number of employees affected isn't clear, but Slack screenshots show members dropping by 370 over two days. Screenshots of GoStudent's Slack seen by Insider show the number of members dropping by 370 over two days. GoStudent u-turned on perks intended to combat rising inflationScreenshots of the company's Slack channels show employee confusion in response to the layoffs. According to public layoffs tracker Layoffs.fyi, almost 1,000 tech companies have cut more than 150,000 staff.

☆ GoStudent, a $3 billion education startup backed by Coatue and SoftBank, has started a fresh wave of layoffs that could hit over 100 jobs, sources say
▼ + stars: | 2022-12-14 | by ( Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

SoftBank-backed education startup GoStudent is cutting jobs for the second time in three months. The Austrian startup has already cut roles in Italy, Germany, and Vienna, Insider understands. GoStudent has raised $686 million to date and is also backed by Coatue and Prosus. GoStudent, a $3 billion edtech startup backed by some of the world's biggest tech investors, has started laying off staff for the second time in three months, Insider understands. According to public layoffs tracker Layoffs.fyi, almost 1,000 tech companies have cut more than 150,000 staff.

☆ Online tutoring side hustles are in demand, and can pay up to $180 an hour—here's how to get started
▼ + stars: | 2022-12-14 | by ( Gili Malinsky | ) www.cnbc.com time to read: +3 min

As such, "online tutoring is just in huge demand right now, and I think it's just going to continue to grow." If you're considering a side hustle for 2023, tutoring could be the way to go. Online tutoring lets you 'set your own rates'Tutoring and teaching online are already popular side hustles because they "allow you to set your own rates and availability," says Kathy Kristof, founder and editor of SideHusl.com. "With popular courses, teachers can earn exceptionally good rates, ranging from $50 to $100 an hour," says Kristof. Tutors set their own availability and rates, with those teaching popular subjects such as English and history typically making less that those teaching more advanced subjects.

☆ Elon Musk puts an end to some Twitter perks, limits expenses due to company's 'challenging' financial situation
▼ + stars: | 2022-11-22 | by ( Kali Hays | ) www.businessinsider.com time to read: +11 min

The email also addressed new policies on free food at Twitter, vacation time and other processes. "The future of Twitter is super bright if we can work together to be wise stewards of the company's resources." In addition to these and other changes detailed in the email, Twitter employees are expected to work in the office everyday as of Monday, the day the email was sent. "Allowances will be reevaluated over time and may be added back when the company's financial situation improves," the email noted. Meaning Twitter employees will now have to pay for much of the food the company will offer, where before everything was free.

☆ How a 25-year-old makes $65 an hour and $4,000 a month organizing people’s homes
▼ + stars: | 2021-05-22 | by ( Gili Malinsky | ) www.cnbc.com time to read: +1 min

As she entered the final months of her senior year in college in 2018, Leah Rowan wasn't sure what she'd do after graduation. Having studied public relations and business, she knew starting a business was an option, but figuring out which kind of business was a challenge. Rowan, now 25 and based in Philadelphia, knew she was "passionate about organizing, maximizing your space, efficiency, productivity," she says. A woman contacted her whose partner had filled their garage floor-to-ceiling with items she'd hoped to resell before passing away. She charges $65 per hour and is bringing in around $4,000 per month.

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