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CADEN Boof is the king of TikTok side hustles.

The 17-year-old autodidact has amassed nearly a million subscribers and 15.4 million views on TikTok.

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Caden’s Side Hustle series made him a popular creator on TikTok

To their account, cadenboofhe posts videos of himself testing out gigs he has seen others promoting on the site.

“I started the Testing TikTok Side Hustles series because a few years ago, when I was 13 or 14, I loved watching people online show off the different ways they make money,” Caden told The Sun.

“It inspired me to start my own business, so now I hope these videos can inspire other kids to do the same.”

Some of his tests required physical labor like mowing lawns in his neighborhood, scavenging and selling golf balls.

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Others provide passive income, such as when he bought a chewing gum machine and placed it in a local store.

Caden has released 26 entries in the Side Hustle series as of August 29 and says some of the gigs he’s tried have been highly profitable.

Of jobs where he made money, Caden said he made between $100 and $40,000 in a single day.

Other jobs were not worth the time he put in, and he sometimes worked hours without profit.

Looking back on the more than two dozen businesses he’s tried, Caden said dropshipping was his favorite and most profitable business.

And he said people of all ages can try out the concert for themselves, as long as they have a phone.

With all the hustle and bustle that involves spending some of your own money to get started, dropshipping also comes with risks.

Dropshipping as a source of income

Dropshipping is basically operating an online storefront without owning or handling physical goods.

It’s similar to print on demand and allows sellers to advertise and profit from products they don’t need to produce or ship.

“It’s a great introduction to entrepreneurship and it can be very profitable from the comfort of your own home,” he said.

In his drop shipping testCaden promoted a pair of sunglasses he found through Drop shipping – a site that allows potential merchants to browse the products they wish to sell.

Caden browsed the products he could sell via Dropship

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Caden browsed the products he could sell via Dropship

After buying a pair of sunglasses, he created a TikTok account to promote them, created a TikTok ad account, and paid for videos showing the glasses to be promoted.

He then set up a Shopify store selling the glasses for $16.99, making a considerable profit on each sale since he only had to pay $5 for each pair to ship.

After a few days of buying ads and selling eyewear, Caden accrued revenue and costs for a profit of $1,830 from dropshipping a product.

He generated $4,650 in sales, spent $1,450 on TikTok ads, and paid the product vendor $1,370.

“The key to successful dropshipping is to treat it like a real business and build a beautiful brand around your products,” Caden said.

“You always have to adapt and find the best way to advertise, whether it’s TikTok ads, organic TikTok, YouTube shorts or Facebook ads.”

Caden said dropshipping is an attractive business because of its scalability, as you can promote and sell multiple products at once without incurring large expenses.

Over time, he was able to scale his own dropshipping business to raise up to $40,000 in a single day.

However, Caden warned that high profit margins are not the norm.

He said some dropshippers can even make six figures in a day, but most of the time they don’t make money on a daily basis.

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However, not all work is worth it.

Caden said the worst scams he tested were dumpster diving for valuables and metal detecting for hidden treasure.

“They’re not really profitable at all and they’re better as a hobby,” he said.

He said he didn’t make any money with those two tactics.

Caden said he found mostly spare change and scrap metal while detecting metals

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Caden said he found mostly spare change and scrap metal while detecting metals

For anyone trying to find a suitable side gig, Caden said the most important factors to consider are scalability and usability.

“There’s no point in doing something you don’t like or something that can’t become something bigger over time,” he advised.

The tax implications of a side hustle

Whether you’re working side-by-side in addition to a full-time job or performing several part-time gigs, your income is taxable.

Not only that, but you should report your income from a side hustle or self-employment differently than you would report standard income.

A Form 1040 is required for those with multiple sources of income, as you must list all of your income on one form.

Additionally, you will need to file a Schedule C and Form SE to file your self-employment taxes.

If you have multiple sources of income, talking to a tax professional can help you sort out what forms you need to submit and how to fill them out correctly.

The extra income can also move your household into a different tax bracket, which will impact how much you’ll have to pay the IRS.

However, working on the side allows you to claim more tax exemptions, as you can declare your expenses for possible tax deductions.

You’ll need to have proof of the money you spent on your scramble, so be sure to save all relevant receipts for tax season.

The Sun also spoke to an Instacart shopper who earns an extra $600 per month from her stampede.

And we’ve compiled a list of 10 of the best side hustles for 2022.