Self-made millionaire Mark Tilbury shares insights on achieving extra cash through effective side hustles for students. With TikTok Shop launching in 2023, students can leverage their social media presence to promote products and earn commissions. Additionally, participating in focus groups offers a straightforward way to gain cash for opinions, while traditional part-time work remains a reliable option. Alternatively, students can engage in 'boring business optimization' by enhancing standard business models, such as vending machines, that can yield consistent income.
Boring business optimization takes a standard business model and optimizes it for cash flow or profitability. For example, placing a vending machine on campus.
Taking a few hours each week to participate in a focus group is an easy way to generate extra cash for giving your opinion.
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