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☆ A financial coach shares 9 ways to earn $8,000 a month in passive income to prepare for a recession, inflation, or layoffs
▼ + stars: | 2022-12-15 | by ( Alexandra York | Junior Entrepreneurship Reporter | Read More | ) www.businessinsider.com time to read: +7 min

Andrea outlines 9 of the easiest ways to earn passive income, including resale and blogging. She took her experience building passive income streams and teaching herself the fundamentals of financial literacy to launch the financial-advice blog The Financial Cookbook in February 2021. Julia CheskyAndrea said companies typically contact her about brand partnerships, but she encourages other entrepreneurs to be more proactive when looking for passive income avenues. She recommends selling old clothes, coupons received in the mail, or finds from garage sales or local stores. Nicholas Waskosky, a Poshmark seller, earns five figures a year selling old or upcycled clothes on the platform.

☆ Reselling brand gifts can be easy money influencers, but it comes with big risks
▼ + stars: | 2022-12-14 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

But other influencers, when they find themselves flooded with gifted products, turn to reselling them online. One particular brand Campbell worked with in the past would even vet influencers by checking if they were reselling gifted products on third-party websites before partnering with them. Brands and audiences may lose trust in influencers who resellFor many brands, seeing an influencer reselling a gifted product is a definite red flag. Influencers who consider reselling gifted products should also be careful about their taxes, said Qianna Smith Bruneteau, founder of the American Influencer Council. Reselling is most common in niches like fashionThe practice of reselling gifted products on second-hand websites like Depop or Poshmark is most common in the fashion space, industry insiders say.

☆ Brand gifting to influencers has gotten 'excessive and gluttonous.' But reselling products is a big risk for creators.
▼ + stars: | 2022-12-11 | by ( Marta Biino | ) www.businessinsider.com time to read: +6 min

☆ How to attend 7 weddings across the country in a year and not break your budget, from a 27-year-old who did it on a $50,000 salary
▼ + stars: | 2022-12-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

She says there are plenty of ways to save money on hotels, gifts, dresses, and makeup. It's why she's attended 15 wedding events across the country over roughly the past year, including seven weddings, four bachelorette parties, and four bridal showers. She sometimes feels she has "no excuse" not to attend every wedding, bachelorette party, and shower she's invited to. She was set to attend weddings in New York and Oregon over back-to-back weekends when she decided she needed a break and decided to skip both of them — the only two weddings she's missed this year. But she says she's learned how to budget, save money, and when it gets to be overwhelming, prioritize which weddings she will attend over others.

☆ A mom of 3 quit her toxic job to be a reseller on Poshmark. She loves it but warns it's a '24/7' commitment.
▼ + stars: | 2022-11-27 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

The 48-year-old New Yorker now works full time selling clothes, shoes, and bags exclusively through the reseller platform Poshmark. She say that she "loves" what she does and that the decision to leave her former employer "forever changed" her life. She says the work of shopping, sanitizing, photographing, listing, packaging, and shipping could make it feel like a "24/7 job." She does everything by herself and says she typically works at least 12-hour days, shipping items every day except Sunday. Finally, Murray says that while one doesn't necessarily have to quit their job to be successful on Poshmark, they do have to "go full time mentally."

☆ Is Gen Z working? It all depends on what you consider a 'job.'
▼ + stars: | 2022-11-24 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +7 min

It's taken time for Americans of all ages to return to work, but older Gen Zers are most lagging. It may all have to do with how Gen Z views a job versus a side hustle or gig work. And those answers could partially explain a question economists are puzzled over: Where have the Gen Z workers gone? While he's uncertain where the missing Gen Z workers have gone, he says childcare needs could be part of the answer. If Gen Z has embraced gig work over the corporate life, it could be among the reasons many of them say they're living paycheck to paycheck.

☆ How to use Etsy, Shopify, Instagram, and Poshmark to make sales this holiday season
▼ + stars: | 2022-11-22 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

E-commerceHans Schrei and Luis Gramajo are the founders of Wunderkeks, a cookie brand. The founders of Wunderkeks started selling their cookies at farmer's markets, then found success on Shopify as more people shopped online during the pandemic. A survey by the retail publication Pymnts suggested Amazon hosted about 56% of all US e-commerce sales in 2021. The professional plan, with more seller tools, costs $40 a month, and most sales are subject to a 15% commission. Best suited for: Etsy is a low-cost platform if you're just starting your business and aren't ready to commit to a higher-volume sales channel.

☆ I'm a college student selling $13K annually on Poshmark. Here's the daily routine I follow to juggle resale and school.
▼ + stars: | 2022-11-21 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

Ali Dieguez, a Gen Z entrepreneur, sells thrift clothing on Poshmark while attending college. Last year, she made $13,740 in sales on the resale app. She meticulously schedules her days to juggle classes, fitness, homework, and her resale business. When it comes to managing school and her business, Dieguez meticulously schedules her days. Here's what her daily routine looked like when she was in school full-time and running her resale business, as told to Insider.

☆ How selling neighborhood 'trash' on Facebook Marketplace for 5 hours a week landed a 27-year-old an extra $37,000 this year
▼ + stars: | 2022-11-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Sarah Scott, 27, spends five hours per week selling found furniture on Facebook Marketplace. Within 48 hours, she'd sold it all on Facebook Marketplace, a section of Facebook where users can buy and sell goods, often to and from people in their local area. She says she spends just five hours per week on her side gig — three hours for driving and picking up items and two hours for staging, photographing, and listing items online. And some, like Scott, have embraced reseller platforms like Poshmark or Facebook Marketplace to earn extra cash or become full-time resellers. While she occasionally ships items, Scott leaves the vast majority of them on her porch for buyers to pick up and they can pay her through Venmo.

☆ These 5 side-hustles could help bolster your finances before a likely downturn in 2023
▼ + stars: | 2022-11-12 | by ( Kiera Fields | Ryan Hogg | ) www.businessinsider.com time to read: +5 min

Side-hustles could help bolster your finances ahead of a likely downturn. Vending machines have emerged as a popular side-hustle given their appeal as a passive income source. The business has a fairly steep entry cost but once up and running, vending machines require minimal time commitment other than refilling. He made another $100,000 in revenue running a YouTube channel linked to his vending machines business. Carlos OchoaLike vending machines, laundromats have a high cost of entry but can ultimately provide a solid stream of passive income.

☆ How to start an e-commerce business with less than $2,000 upfront, according to a 34-year-old entrepreneur who does up to $42,000 a month in Amazon sales
▼ + stars: | 2022-11-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Fu believes that anyone can start a successful e-commerce business with less than $2,000 upfront. The 34-year-old entrepreneur believes that anyone can build a profitable e-commerce business with less than $2,000 upfront. Watch 200 educational e-commerce YouTube videosThis is exactly how Fu learned the ins and outs of running an e-commerce business. At this point, you've learned the basics of running an e-commerce business and have made sales on Poshmark and Etsy. Starting an e-commerce business as a side hustle is probably the most risk-averse way to do it, she said.

☆ Midterms could be a positive catalyst for stocks as investors await next big inflation report
▼ + stars: | 2022-11-04 | by ( Patti Domm | In | ) www.cnbc.com time to read: +6 min

There are two big hurdles for markets in the week ahead - another potentially hot consumer inflation report and the Congressional midterm elections. "100% of the time, the S & P 500 has been up 12 months after the midterm election." Midterm rallies Stocks tend to gain in the final months of midterm election years, and strategists have been expecting the market to move higher. CFRA Chief Market Strategist Sam Stovall said even when interest rates are climbing, the midterm election has been a catalyst for stocks. He examined market performance in other midterm election years when interest rates were going up.

☆ The Fed, earnings, jobs and China: How we think about this week's deluge of data
▼ + stars: | 2022-11-04 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

It is very premature, in my view, to think about or be talking about pausing our rate hikes. The news sent those stocks reliant on China for growth — Starbucks, Estee Lauder and Wynn Resorts, among many others — higher. Or bad news could just be bad news if weak data signals a recession ahead. And good news could be good news: for example, if China reopens and U.S. companies exposed to the region see a boost in demand. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Charity clothing stores turn to Depop and Instagram as they head upmarket with vintage and designer items
▼ + stars: | 2022-10-30 | by ( Grace Dean | ) www.businessinsider.com time to read: +13 min

Britain's charity shops are changing how they look and trying to appeal to Gen Z customers. They're selling more designer and vintage items, creating listings on Depop, and carefully curating their social-media profiles — all targeted mainly at appealing to the growing number of Gen Z shoppers. The managers told Insider their retro and vintage stores were largely in urban areas with large student populations. Non-essential retail stores had to shut their doors for months during the pandemic, which the Charity Retail Association estimates cost UK charity shops about £28 million ($32 million) a month. But, as the aisles of charity shops across the UK show, a lot of people do choose to donate them.

Weber , which went public in August 2021 and is trading at half its offering price, is the latest example of a recent IPO to attract a bid to go private. Recent IPOs ducking for the door First, to understand why we selected these criteria, let's look at the recent deals. Kennedy Lewis' $4 per share cash offer was an 83% premium to F45's closing price ahead of the deal announcement, even though it was far below the stock's $16 IPO price. Even with the lift from the deal news, shares are only trading at less than half its $14 IPO price. Private equity company AEA Investors had a 28.4% stake in the company, and CEO Jeremy Andrus owns an 11% stake, according to FactSet.

☆ I made $133,000 last year reselling on Poshmark. Here's how I started this side hustle that brings in more than my 9-to-5 and the common mistake I tell newbies to avoid.
▼ + stars: | 2022-10-25 | by ( Emily Courter | ) www.businessinsider.com time to read: +6 min

Ashley Peek started selling clothes on Poshmark when she was in college to clear out her closet. I started selling in college to clear out my closet. It didn't take long after I started reselling on Poshmark to realize I could pick up clothes at the thrift store and resell them online for a profit. I was sourcing items mostly from local consignment stores. In addition to the time spent sourcing items and shipping out sales, I'm a reselling-content creator.

☆ Poshmark is the latest company to tap into the $25 billion livestream shopping market. Here's how entrepreneurs are making thousands of dollars per stream.
▼ + stars: | 2022-10-14 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +15 min

Li did not disclose how applications are vetted, but Popshop Live is accepting more applications as the company's team grows, she said. Virgile Ollivier, a cofounder and the CEO of Livescale, told Insider livestream shopping would soon become just as important for brands as social-media marketing. Livestream-shopping platforms pick up where Instagram falls shortApps focused solely on livestream shopping show a disconnect on traditional social-media platforms. Nguyen designed her own characters for merchandise in addition to the squishy and plushy toys she sells on Popshop Live. Most sellers livestream at least once a week, at the same time so their followers always know when to expect a show.

☆ Squarespace, a Website-Development Firm, Names Amazon Executive as CFO
▼ + stars: | 2022-10-12 | by ( Mark Maurer | ) www.wsj.com time to read: +4 min

Mr. Gooden most recently led the finances of the unit behind Alexa, Amazon’s virtual assistant, and Echo, which sells the online retailer’s smart-speaker products. At Squarespace, Mr. Gooden is set to succeed Marcela Martin, who held the CFO role from November 2020 until July of this year. Photo: Squarespace Inc.Liz Coddington, the former vice president of finance for Amazon Web Services, in June joined exercise equipment company Peloton Interactive Inc. as CFO. Squarespace declined to make Mr. Gooden available for an interview, nor did he immediately respond to a request for comment via LinkedIn. Prior to joining Amazon, Mr. Gooden held CFO roles at companies such as payments firm SpacePointe and defunct commerce platform Solavei LLC.

Before becoming her own boss, entrepreneur Kendra Y. Hill struggled to manage her finances. Five money habits, like giving herself a generous spending budget, help her maintain her wealth. Get the latest tips you need to manage your money — delivered to you biweekly. Before becoming her own boss, Hill struggled to manage her finances. Having a large discretionary budget gives Hill peace of mind that she can do whatever she needs to do to be happy.

☆ The $160 Birkenstock clogs that went viral on TikTok are selling out almost everywhere — and some resellers are charging more than double for them
▼ + stars: | 2022-10-11 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Birkenstock's Boston clog, which has been around since the 1970s, is sold out almost everywhere. The New York Times reported that some resellers are charging as much as $350 for the $160 shoe. The shoe has been spotted on celebrities like Kendall Jenner and became a viral hit on TikTok. Enter TikTok, which causes trends to formulate and spread at warp speed, and Birkenstock's clog stockpile didn't stand a chance. This isn't the first time that the TikTok trend machine has boosted sales of a vintage product.

When I was still working full-time, my companies never offered professional development. So I took on side hustles to learn new skills, like marketing, communication, and writing. I decided to start doing my own side hustles that would help me improve or learn new skills, and also get paid in the meantime. If you want to get paid more at your full-time job, consider one of these side hustles that can help you nurture or develop new skills. Tutoring on any topicOne skill that can always use developing, no matter what you do at your job, is communication.

☆ Gen Z's 6-figure side hustles should scare companies more than quiet quitting, says Gary Vaynerchuk: 'There's so many goddamn options for these kids to make money on the internet'
▼ + stars: | 2022-09-28 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +5 min

Gary Vaynerchuk said on TikTok that companies need to court Gen Z with better pay and career growth potential. He said Gen Z has more avenues than ever to make money on side hustles. That dynamic is more dangerous for companies than the "quiet quitting" trend, Vaynerchuk said. He said as much in a recent TikTok video, when asked about the "quiet quitting" trend. "We shit on Gen Z for being entitled and lazy, and what they're being is thoughtfully understanding of their options."

☆ A 44-year-old mom of 3 made $735,000 last year from a reselling business she launched using just the clothes in her closet
▼ + stars: | 2022-09-25 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Mona Mejia "Everything was selling really quickly"In 2015, Mejia's family was in need of additional income to supplement her husband's pay. When she began listing more items, she noticed that "everything was selling really quickly" and real money was trickling in. It wasn't until roughly a year ago, however — when she started selling on livestreams through Instagram, TikTok, and Facebook, that her business really took off. After working through her closet, Mejia took her earnings and went to yard sales and clearance sections to look for bargain products she could buy and resell. Despite discounting, she says she's able to maintain high levels of profitability by only selling items she bought at especially cheap rates.

Tapping into that millennial nostalgia has become the way Miller and many other creators with similar throwback content pay their bills. And brands know that partnering with such creators, who have specifically built their followings around nostalgia content, can help them get more exposure from a desired demographic. It’s no surprise that nostalgia content has become so popular — as the age-old saying goes, everything old becomes new again. Nostalgia content feels authentic and plays to shared experiences, which helps it perform well with Gen Z and millennials alike, Karwowski said. In one video, Miller collaborated with the singer and 2000s heartthrob Jesse McCartney to promote his U.S. tour.

I want to retire early as a millionaire, and I know I need multiple income streams to reach that goal. Sell what you already haveEvery Sunday, I spend an hour looking for items around my house that I can sell. Not only does selling or renting out items you already own cost you $0, it also takes very little time. It's free to start this type of side hustle, and using pre-existing platforms to find work helps you tap into their audience. Anyone can get started on these side hustles for free by setting up a profile on platforms like Rover, Care.com, or TrustedHousesitters.

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