It’s crazy, but 65% of businesses fail. This is a scary statistic, especially when considering side hustles and online businesses. Some are much more likely to fail than others, mainly because they are outdated or simply no longer effective. In this video, I’ll break down these outdated side hustles ideas so you can avoid them and actually make money online.
Rain Videos:
Let’s start with the first outdated side hustle: rain videos. If you’ve watched side hustle videos on YouTube, you might have seen tutorials on how to earn money by posting rain videos. These videos feature simple footage and sound of rain, and they can generate significant income. For example, a rain video with over 202 million views could earn over $800,000 from YouTube ads, assuming an average RPM (Revenue per 1,000 views) of $4. The method for creating these videos involves using free stock videos and sound effects from sites like Pixabay, then combining them in a video editor. However, YouTube’s updated monetization policies, specifically the reused content and repetitious content policies, have made it difficult for new creators using this strategy to get monetized.
Blank Books
Next, let’s discuss blank books, a popular side hustle taught in YouTube tutorials. Creating and selling blank books, like journals or diaries, through Amazon KDP has become harder due to Amazon’s policy changes. Now, blank books are no longer eligible for a free ISBN from Amazon, which is necessary for physical book sales. Obtaining an ISBN independently can be expensive, making this side hustle less appealing.
Redbubble print-on-demand
Another outdated side hustles is Redbubble print-on-demand. While some still make money with this method, changes in Redbubble’s policies and market saturation have made it less profitable for new sellers.
AI-generated kids’ story videos
Lastly, AI-generated kids’ story videos are no longer as lucrative due to FTC regulations impacting YouTube’s ad revenue for children’s content. These videos typically have low RPMs, making them less profitable compared to videos aimed at adults.
Avoiding these outdated business ideas can save you time and effort. Instead, focus on more viable and up-to-date online business strategies.
Read More:
9 Side Hustles Ideas to Make $1000 in Month
Side Hustle Ideas to Make Money Online: A Comprehensive Guide
15 WAYS TO MAKE $1000 Easy