How Technology Has Changed the Way Millennials Make Money

In the past, making money was a lot harder than it is now. There were limited opportunities and people had to rely on traditional methods such as getting a job or starting a business. 

However, technology has changed all of that.

Now, there are so many ways to make money thanks to technology, and there’s no limit to it!

This article will discuss the way technology has changed the way millennials make money, and the most popular routes taken to do so.

Gig Marketplaces

One of the most popular ways for Millennials to make money is through online marketplaces. You can choose any gig depending on your interest and make money online!

One of the platforms you can have a go at is JumpTask. It’s an online platform where you can find simple gigs or micro-tasks: watching videos, playing games, doing surveys, and more.

All of these tasks do not require expert knowledge or skills, so anyone can join and start earning straight away!

The best thing is that you get paid in cryptocurrency – JumpToken (JMPT). As a result, you not only can earn money on the side but also explore the cryptocurrency world. You can then hold your tokens or exchange them for fiat currency.

Instagram

One of the most significant changes is the rise of the influencer. With social media platforms like Instagram, anyone with a large enough following can make money by promoting products or services. Brands are willing to pay top dollar for influencers with a loyal fanbase, as they know that this can lead to increased sales.

There are many reasons why Influencer marketing is the new favorite profession for millennials. To name a few; it’s glamorous, it earns well, and they get to talk about what they love!

For those who are creative and have a knack for promoting products or services, the sky’s the limit in terms of earnings potential.

OnlyFans

OnlyFans is a platform that allows content creators to directly monetize their content. This has been a game-changer for many millennials who are looking for ways to make money outside of traditional employment. OnlyFans has allowed them to be their own boss, set their own hours, and create content that they are passionate about.

Anybody with a smartphone and an internet connection can create an account and start sharing content. Similarly, OnlyFans does not take a cut of the content creator’s earnings. 

The rise of platforms like OnlyFans has coincided with a shift in the way millennials think about work and money. In the past, many millennials saw work as a means to an end. They worked traditional jobs in order to make money to pay for their living expenses. 

However, the rise of the gig economy and platforms like OnlyFans has led many millennials to view work as a way to pursue their passions and make a difference in the world. 

This shift has been empowering for many millennials who are now able to make a living doing what they love. If you’re wanting a change in career and thinking about starting an OnlyFans, then you’ve come to the right place! A useful tip is to search for OnlyFans profiles that inspire you, scroll and observe these profiles for inspiration. See how beautiful and empowering it can be to own and express yourself in your own unique way – and make money off it!

Blog Writing

One of the most popular ways for millennials to make money is through online publishing. Sites like Medium and WordPress have made it easy for anyone to start a blog or website and start generating income from advertising or affiliate marketing. If you’re a good writer and can build up a following, then you can really start to generate some serious income from this method.

Cryptocurrency

Cryptocurrency is a digital or virtual currency that uses cryptography for security. It is not issued by any central authority, making it decentralized. 

Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services.

You don’t necessarily need to have a degree in finance, or math to understand Cryptocurrency to try and make money from it. Millennials use online brokers to buy and sell their currency. However, there are a lot of risks involved. Some credit card companies don’t allow purchases of cryptocurrency, and the world of crypto-currency changes from each day to the next. 

Millennials that are skilled in this field can see themselves earning unimaginable amounts of cash, all within minutes at their very computer!

YouTube

​​When looking at how technology has changed the way millennials make money, one of the most obvious examples is YouTube. The platform has given rise to a new generation of entrepreneurs who are making a living through their videos.

YouTube has allowed anyone with a camera and an internet connection to start a business. You no longer need expensive equipment or years of experience to get started. All you need is a phone or laptop and you can start filming your videos.

Zoella was one of the first millennials to first to fame on youtube back in 2009, with her channel hitting 12 million subscribers at the peak of her fame. However, Zoella no longer posts on her channel. The reason for this is that the brand has become bigger than a channel. Since then, millennials such as Zoella have managed to go on to branch their career into other directions, such as releasing her own homeware brand with Etsy.

If you make it big on YouTube, the possibilities are endless!

Do What You Love!

Technology has changed the way that millennials make money by providing them with new opportunities to monetize their content. Platforms like OnlyFans, YouTube, and Instagram have allowed millennials to be their own boss, set their own hours, and create content that they are passionate about. 

The rise of the gig economy has led many millennials to view work as a way to pursue their passions and make a difference in the world. This shift has been empowering for many millennials who are now able to make a living doing what they love.

If you feel stuck in a rut with your job and have fallen on this article for some inspiration, well – now’s your time!