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The best passive income idea for Young adults!


The rise of passive income streams has become an important global trend in recent years. According to a 2024 Bankrate survey, over one-third (36%) of US adults earn extra money through side hustles. 

This phenomenon is particularly common among younger generations as 48% of Gen Z and 44% of Millennials engage in side hustles. On average, side hustlers make $891 per month in 2024.



Despite inflation cooling, many Americans still find it challenging to sustain their lifestyles on a single income.

 More than a quarter of side hustlers (28%) earn over $500 monthly from their side gigs, indicating the important role these additional jobs play in financial stability. 

Interestingly, the gender gap persists, with men earning an average of $1,034 per month from side hustles compared to $735 for women.


The trend towards side hustles also confirms a shift in financial planning and lifestyle. A huge portion of side hustlers (52%) have started their additional jobs in the past two years. 

Moreover, nearly one-third (32%) believe they will always need a side hustle to make ends meet.


How to Passively Make $2000 a month with Amazon.com, Inc and Etsy, Inc?

Amazon.com, Inc (NASDAQ:AMZN) provides several avenues for generating passive income by capitalizing on its vast ecommerce infrastructure. 

First, Amazon.com, Inc (NASDAQ:AMZN)’s Affiliate Program enables individuals to earn commissions by promoting products.

 By joining the Amazon Associates program, users can generate affiliate links to share on websites, blogs, or social media. 

When someone purchases through these links, the affiliate earns a percentage of the sale, typically between 1% and 10%, depending on the product category. 

Creating high-quality content to drive traffic and conversions is essential for success, as the program requires a minimum of 3 sales within 180 days to maintain the account.


Moreover, Amazon.com, Inc (NASDAQ:AMZN)’s Fulfillment by Amazon (FBA) program allows users to sell products without handling storage or shipping. 

Sellers identify high-demand products, source them from suppliers, and send them to Amazon.com, Inc (NASDAQ:AMZN)’s fulfillment centers. 

Amazon.com, Inc (NASDAQ:AMZN) then handles storage, packaging, and shipping. This model is quite popular because it eliminates the need for large inventory storage. 

In 2023, over 60% of Amazon.com, Inc (NASDAQ:AMZN)’s third-party sellers used FBA.

#YahooFinance #Insid

erMonkey #AfifaMushtaque



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