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About the Worldwide Rise in Side Hustles
Research shows that there is broad consensus on the following statistics:
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39% of working Americans report having a side hustle, and among millennials, that statistic rises to 50%
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In the UK, 19% of the population has a side hustle
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In Canada, the figure is 28% to 31%
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The global gig economy is expected to be worth $455 billion by the end of 2023
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In Australia per Data from Finder's Consumer Sentiment Tracker shows that 36% of Australians have a side hustle, equivalent to 7 million people with an additional income stream outside of their main job (a). Some of the best side hustles in Australia are freelancing, tutoring, photography, graphic design, blogging, online selling, gardening, and personal services (b,c,d).
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In South Africa per
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A Gumtree poll, 31.5% of South Africans have a side hustle (1)
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A Henley Business School report puts it at 27% (2).
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The Momentum/Unisa Household Index suggests 14% (3)
Some of the most popular side hustles in South Africa are trade, catering, accommodation, personal services, tutoring, photography, graphic design, blogging, and online selling (1,2,4).
People start a side hustle to have more personal freedom, extra income, a creative outlet, or to pay off debt faster.
The average monthly income from a side hustle is only $483, but it varies depending on the age group, gender, and type of hustle.
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Making Money Online with Webo
Webo offers a variety of options to Make Money Online. We appoint commission-earning "Marketplace Marketers, Independent Site Builders and Independent Niche or Location-based Marketing Agencies. Read more at https://www.webo.directory/MMO/home.php
Webo Support
Some of the most popular side hustles are online selling, freelancing, blogging, podcasting and tutoring. All the activities considered need to present a value proposition, which, with research, can be turned into a business plan. People worldwide seek personal freedom and extra income to pay off debt and live life to the fullest. The biggest challenges faced in starting a business include:
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How to grow your startup.
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How to manage a side hustle with limited time.
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Finding ideas for a side hustle.
Writer's Block
Webo has an AI-powered Bot that generates high-quality text.
Whether your gig will be an audio or video podcast, blog or online store, you must generate consistently high-quality content.
It used to be about having the answers. Now, it is about having the questions.
Marketplaces
The Webo Directory is an online community marketplace that offers the option to go local and support your local marketplace.
Online community marketplaces, niche marketplaces and trade shows are cost-effective and popular with both buyers and sellers because they can offer many benefits, such as:
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Reaching a targeted and engaged audience: Online community marketplaces, niche marketplaces and trade shows can help buyers and sellers connect with a specific group of people who share a common interest, need, or problem. They can also help interact with each other more quickly and effectively, as they share a common interest and goal.
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Offering a personalized and differentiated experience: Online community marketplaces, niche marketplaces, and trade shows can help buyers and sellers customize their offerings or solutions to suit the preferences, needs, or challenges of their audience. Marketplaces can also help buyers find sellers that offer something unique, valuable, or memorable that they desire.
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Building trust and loyalty: Online community marketplaces, niche marketplaces, and trade shows can help establish their credibility, reputation, and trustworthiness. They can also help create a loyal customer base or community supporting and promoting their business because buyers can see where sellers fit into the broader marketplace.
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Reducing costs and risks: Online community marketplaces, niche marketplaces, and trade shows can help buyers and sellers lower their operational costs and risks by leveraging the power of the marketplace network through collective marketing that can attract enhanced traffic to the marketplace. They can also help access more resources, opportunities, or information to improve efficiency, productivity, or profitability.
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Creating a sense of community and collaboration in the marketplace: The collective marketing of a shared marketplace can foster a sense of belonging and loyalty among businesses and customers. It can also create a culture of learning and innovation by facilitating the exchange of ideas, feedback, or best practices.
These are some of the main benefits of online community marketplaces, niche marketplaces and trade shows for buyers and sellers. Still, others may depend on each business's specific goals and challenges. Online community marketplaces, niche marketplaces and trade shows are powerful tools to help buyers and sellers grow and succeed in the competitive market.
Chat with us about your Aspirations to Make Money Online (MMO).
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