I Ranked Every Side Hustle (So You Don't Have To)

The video is about ranking different side hustles, including vending machine businesses, TikTok, food delivery services, walking apps, blogging, ride-sharing, and flipping items on Facebook and Craigslist, based on their profitability and ease of starting.

This video by Daniel Iles was published on Dec 22, 2022.
Video length: 12:38.

The video is about ranking different side hustles based on their profitability and ease of starting.

The YouTuber interviews professionals in various side hustles, such as vending machine businesses, TikTok, Doordash, writing blogs, and flipping items on Facebook and Craigslist.

They discuss the pros and cons of each side hustle and give them a ranking from S tier to F tier.

• Vending machine businesses are relatively easy to start and have a low risk of failure.
• TikTok can be more profitable than vending machine businesses, but it is not a reliable source of income.
• Food delivery services like DoorDash and UberEats can earn you $15 to $25 per hour, but there is limited room for scaling and growth.
• Flipping items on Facebook and Craigslist is a low-risk side hustle, but there is a potential risk of dealing with shady sellers.
• Vending machine businesses can be a great option if you have little to no money to start and can generate passive income.
• TikTok is difficult to monetize unless you have a large following and may require consistent effort to gain followers and engagement.
• House flipping can be profitable but also risky and complex, requiring knowledge of real estate and renovation.

I Ranked Every Side Hustle (So You Don't Have To) - YouTube

Vending Machine Businesses

• Vending machine businesses have been popular on social media.
• Starting a vending machine business is relatively easy.
• One person interviewed bought four machines for $3,000.
• It is difficult to fail in this side hustle.
• It is ranked as an S-tier or A-tier side hustle.

TikTok

• TikTok can be more profitable than vending machine businesses.
• One person interviewed makes $25,000 per month on TikTok.
• There are opportunities for sponsorships and affiliate marketing on TikTok.
• TikTok is ranked as an S-tier or A-tier side hustle.

Food Delivery Services

• Food delivery services like DoorDash and UberEats can earn you $15 to $25 per hour.
• Almost anyone can start this side hustle as long as they have a car.
• It is a good option for beginners who need extra cash.
• However, there is limited room for scaling and growth.
• Food delivery services are ranked as a C-tier side hustle.

I Ranked Every Side Hustle (So You Don't Have To) - YouTube

Flipping Items on Facebook and Craigslist

• Facebook Marketplace and Craigslist have a free section where you can find items to resell.
• There is little to no risk involved in flipping items.
• One person found a free grill that they could sell for $100 with just an hour's worth of work.
• However, there is a potential risk of dealing with shady sellers.
• Flipping items on Facebook and Craigslist is ranked as a B-tier side hustle.

Vending machine businesses

• Great option if you have little to no money to start.
• Justin Bieber lost a million bucks on a monkey picture, but vending machines are a safer investment.
• Can be profitable with the right location and products.
• Low maintenance and can generate passive income.
• Good side hustle for teens.

TikTok

• Not a reliable source of income.
• Difficult to monetize unless you have a large following.
• Can be time-consuming to create content.
• May require consistent effort to gain followers and engagement.
• Not recommended as a primary source of income.

Food delivery services

• Instacart and Postmates are similar to DoorDash but with groceries.
• Instacart requires more work as a full-service shopper.
• Doordash has higher pay rates and incentives.
• Can make around $10 to $25 per hour.
• Not as profitable as other side hustles.

House flipping

• Can be profitable but also risky and complex.
• Requires knowledge of real estate and renovation.
• Can result in unexpected expenses and losses.
• Not recommended for beginners.
• Can be a full-time career for experienced flippers.

Ranking Different Side Hustles

• TaskRabbit is a legitimate side hustle where people hire you for basic handyman work, but it requires running it like a professional business.
• Dog walking with apps like Wag and Rover can earn you up to $37 per hour, making it a decent side hustle.
• Investing in certain stocks on apps like Public or Robinhood can provide passive income through dividends, similar to how Warren Buffett earns millions every few months.
• Increasing your income through side hustles is important, but it's equally important to avoid living paycheck to paycheck and start investing.
• Watch the next video on how to ask millionaires for investing advice to take the next step towards financial success.

Watch the video on YouTube:
I Ranked Every Side Hustle (So You Don't Have To) - YouTube