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Yahoo
5 minutes ago
- Yahoo
Earn $1,000 a Month With E-Commerce Side Hustles and Work Toward Millionaire Status
In uncertain economic times, it's hard to imagine anyone couldn't use an extra $12,000 a year — and more than one in ten side hustlers who pursued a specific niche have made that dream a reality. Get Paid To Watch Videos: Read More: A new study from e-commerce marketing platform Omnisend found that 12% of e-commerce side hustlers are pulling in $1,000 per month from their gigs alone — and a substantial plurality did it with just three-figure startup investments and single-digit hourly commitments per week. You Have To Put in the Hours — But Not Too Many The study, which surveyed 1,000 Americans with side gigs, found that 46% of e-commerce solopreneurs who earn four figures monthly spend just five to ten hours making their efforts pay. Another 25% contribute 11 to 20 hours. 'The fact that almost half of side hustlers are only dedicating five to ten hours a week shows how much can be achieved with the right focus,' said Marty Bauer, e-commerce expert at Omnisend. 'It's proof of how streamlined solutions like dropshipping and print-on-demand have become. You can launch and grow a store without sacrificing your full-time job or family life, but that also means you need to prioritize and be strategic about what you focus on.' Learn More: Success Takes Time, But Just a Few Months, in Many Cases One in three of the success stories has been at it for only between six months and a year. Another 21% have been plugging away for two to five years, and 29% have put in more than five years. 'The longevity of some of these stores is surprising,' said Bauer. 'It really highlights how many people are finding success on their own terms, even if it doesn't happen overnight. Consistency and a focus on organic growth channels seem to be key here. It's not a get-rich-quick scheme, but rather a way for people to turn a hobby or side interest into something more sustainable.' Profit Doesn't Have To Be Cost-Prohibitive One in three launched their business with an investment of just $500 to $1,000. For 46% of e-commerce side hustlers, the most significant cost was transportation. Equipment and supplies consumed the lion's share of expenditures for another 36%. At 29%, marketing finished third. 'Keeping expenses lean from the start lets side hustlers reinvest profit back into growth,' said Bauer. 'They're smart about what's essential and what's not, prioritizing what really matters to customers, like reliable shipping and quality materials. Success most often comes from consistency.' Good Advertising Isn't Always Expensive Advertising It might be surprising that advertising wasn't a top expense for fledgling operations trying to build name recognition — but not for Bauer. 'What they're doing makes a lot of sense,' he said. 'Building your own audience through channels you control is much more sustainable than relying on paid advertising. Retaining customers tends to be cheaper and more reliable than acquiring new ones, and when used well, tools like social media and email can make a significant difference.' The study found that 57% rely on owned social media to drive traffic, and 25% use digital ads. The old-fashioned way worked for 43%, who landed sales through word-of-mouth advertising. Exactly half relied on online marketplaces like Amazon, and e-mail marketing did the heavy lifting for another 32%. Dedicating Time is One Thing — Managing It Is Another Their biggest challenge of all was time management, which 53% struggled with — and any entrepreneur can understand why. 'It's not easy to juggle everything when you're doing it all yourself,' said Bauer. 'Prioritization becomes crucial. If you can focus on the channels and strategies that actually work, you can stretch your resources further.' More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 5 Types of Cars Retirees Should Stay Away From Buying 6 Hybrid Vehicles To Stay Away From in Retirement This article originally appeared on Earn $1,000 a Month With E-Commerce Side Hustles and Work Toward Millionaire Status
CNN
7 minutes ago
- CNN
Why back-to-school shopping is starting early this year
The National Retail Federation says many families have started back-to-school shopping earlier than usual this year. There are concerns President Donald Trump's tariffs could drive prices higher, so families are looking for deals as they try to avoid any tariff-related price hikes. CNN's Julia Vargas Jones reports.
CNBC
7 minutes ago
- CNBC
Delta Air assures US lawmakers it will not personalize fares using AI
Delta Air Lines said on Friday it will not use artificial intelligence to set personalized ticket prices for passengers after facing sharp criticism from U.S. lawmakers and broad public concern. Last week, Democratic Senators Ruben Gallego, Mark Warner and Richard Blumenthal said they believed the Atlanta-based airline would use AI to set individual prices, which would "likely mean fare price increases up to each individual consumer's personal 'pain point.'" Delta said it has not used AI to set personalized prices but previously said it plans to deploy AI-based revenue management technology across 20% of its domestic network by the end of 2025 in partnership with Fetcherr, an AI pricing company. "There is no fare product Delta has ever used, is testing or plans to use that targets customers with individualized prices based on personal data," Delta told the senators in a letter on Friday, seen by Reuters. "Our ticket pricing never takes into account personal data." Senators praised Delta's commitment not to use AI for personal pricing but expressed many questions and want more details about what data Delta is collecting to set prices. "Delta is telling their investors one thing, and then turning around and telling the public another," Gallego said. "If Delta is in fact using aggregated instead of individualized data, that is welcome news." Delta declined comment on Gallego's statement. The senators cited a comment in December by Delta President Glen Hauenstein that the carrier's AI price-setting technology is capable of setting fares based on a prediction of "the amount people are willing to pay for the premium products related to the base fares." Last week, American Airlines CEO Robert Isom said using AI to set ticket prices could hurt consumer trust. "This is not about bait and switch. This is not about tricking," Isom said on an earnings call, adding "talk about using AI in that way, I don't think it's appropriate. And certainly from American, it's not something we will do." Democratic lawmakers Greg Casar and Rashida Tlaib last week introduced legislation to bar companies from using AI to set prices or wages based on Americans' personal data and would specifically ban airlines raising individual prices after seeing a search for a family obituary. They cited a Federal Trade Commission staff report in January that found "retailers frequently use people's personal information to set targeted, tailored prices for goods and services -- from a person's location and demographics, down to their mouse movements on a webpage." The FTC cited a hypothetical example of a consumer profiled as a new parent who could intentionally be shown higher-priced baby thermometers and collect behavioral details to forecast a customer's state of mind. Delta said airlines have used dynamic pricing for more than three decades, in which pricing fluctuates based on a variety of factors like overall customer demand, fuel prices and competition, but not a specific consumer's personal information. "Given the tens of millions of fares and hundreds of thousands of routes for sale at any given time, the use of new technology like AI promises to streamline the process by which we analyze existing data and the speed and scale at which we can respond to changing market dynamics," Delta's letter said.
