The new side hustle for Swifties

Hi there! Can you match the following career advice to the famous person who gave it? Your options: 1) Oprah Winfrey 2) Bill Gates and 3) Barack Obama

The answers are down below—good luck! 🤞

 1   The new side hustle for Swifties 💰

$11.3 million. That’s how much Taylor Swift scores in ticket sales for a single stop on her Eras Tour, making it one of the most lucrative tours in history. And it’s opened up a new market for Swiftie entrepreneurs.

Fans on Etsy are selling Swift’s very in-demand tour merch. One seller is earning ~$2K per month in net profit, while another is earning enough that, for the first time in her life, if she “wanted to get a coffee, she didn’t have to think twice about it.” (#goals)

But running an Etsy store isn’t easy. One seller works up to 20 hours a week. Would you launch your own merch store for your favorite artist? 🎶

 2   Say hello to the ‘Big Stay’ 🏡

Goodbye, Great Resignation. After a record number of American workers (around 47 million) quit their jobs in 2021 in pursuit of better pay, benefits, and flexibility, the tide is now shifting in the opposite direction.

It’s been dubbed the “Big Stay.” According to ADP’s chief economist Nela Richardson, we’re entering a new phase—one where workers are now staying at their jobs as new job openings get rarer (U.S. job openings declined 20% in 2022).

The good news? Per the Atlanta Fed’s Wage Growth Tracker, now is still a good time to change jobs if you want to increase your pay: Job switchers are seeing a median raise of 7.6%.

 3   More and more women are starting their own businesses 👏

According to a new survey from Fiverr, women are more likely than men to start their own business so they can have more flexibility, continue to WFH, and avoid toxic work environments.

It’s not hard to see why: In a report by McKinsey, nine in 10 women said they prefer WFH because they experience fewer microaggressions. Plus, it gives women (who often take on most childcare) much-needed flexibility.

This means the number of female entrepreneurs is growing—fast. According to Gusto, in 2021, 49% of new businesses were founded by women, up from 28% in 2019.

Sponsored by Indeed

What to Consider Before Accepting a Job Offer

You've just aced the interview and the employer wants to hire you! Now what? Watch the video above to learn what you should consider first before accepting a job offer. Once you're prepared to accept, use this guide to navigate next steps.

Just call us Beyoncé. Because like the Renaissance World Tour, we’re going international. 😎 We just touched base in Toronto, Canada, to chat with our friends up North about what they do and how much they’re earning.

Some useful background information:

• Minimum wage is $15.50 an hour, but that’s set to rise to $16.55 in October.

• The average salary in Toronto is $39,000 a year (around $50,000 CAD) or $20 ($26 CAD) an hour.

• However, the cost of a one-bedroom rental unit is $2,506 a month, or over $30,000 a year…which is almost an entire annual salary for some people. 😮 

Here’s what these fellow Canadians had to say about their wages, job choices, and the best advice they’d give in their career fields. 👇

• This person says lying on every job application is why they have a successful career in the media industry. 🫢

• We loved career coach Gala Jackson’s TED Talk, “How to Quit Your Job—Without Ruining Your Career.”

• Recruiters from Netflix, Spotify, Google, and Snapchat share their seven best tips on landing the job.

• Hawaii, Illinois, and British Columbia have made some significant strides lately toward fairness and transparency in the workplace. 👏

• Our fearless leader Hannah had a great interview with Tiff Knighten on her podcast where she talked about everything salary transparency and why it’s so important.

Thanks for reading! Here’s the grand reveal of our earlier quiz:

A - 2

B - 3

C - 1

And in case you were curious about our career advice? Don’t be afraid to take risks. Just make sure you’ve got the info to make an informed decision before you take the leap. 🤝

See you next Tuesday!