Oct 22, 2023 By Susan Kelly
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Do you want to
earn more money without quitting your day job? Do you have a passion or a skill that you want to
turn into a profitable venture? Do you need some extra cash to pay off debt, save for a big
purchase, or simply enjoy life more?
If you answered yes to any of these questions, then
you might want to consider starting a side hustle. A side hustle is a secondary source of income
that you can pursue in your spare time, outside of your regular job. It can be anything from
freelancing, selling products, teaching, blogging, or even creating art.
A side hustle
can offer you many benefits, such as:
- Increasing your income and financial
security
- Exploring your interests and passions
- Developing new skills and
experiences
- Building your portfolio and network
- Having more flexibility and
freedom
- Achieving your personal and professional goals
But how do you find the best
side hustle for you? What are the best ideas and opportunities for side hustles in 2023? And how
do you start and grow your side hustle successfully?
In this article, we will answer
these questions and help you find the best side hustle for you.
How to find the best
side hustle for you
There is no one-size-fits-all answer to this question, as different
side hustles may appeal to different people. However, some general factors that you may want to
consider are:
- Your skills and expertise: What are you good at? What do you enjoy doing?
What do you have experience or qualifications in? You can leverage your existing skills and
expertise to offer a valuable service or product to your potential customers.
- Your
interests and passions: What are you passionate about? What do you love learning about? What do
you spend your free time on? You can turn your hobbies and passions into a profitable side
hustle that you enjoy doing.
- Your goals and needs: What are you trying to achieve with your
side hustle? How much money do you want to make? How much time and energy can you devote to it?
You can choose a side hustle that aligns with your financial and personal objectives, and that
fits your schedule and lifestyle.
- Your market and audience: Who are you trying to serve
with your side hustle? What are their needs and problems? How can you help them? You can
identify a niche market and a target audience that has a demand for your side hustle, and that
you can reach and communicate with effectively.
The best ideas and opportunities for
side hustles in 2023
Based on the factors mentioned above, we have selected the following
side hustle ideas as the best ones available in 2023:
- Food or grocery delivery
service: With services like Instacart, you can earn money delivering groceries and take-out
orders in your town. You can set your own schedule and work as much or as little as you want.
You don't need any special skills or equipment, just a reliable vehicle and a smartphone. You
can earn up to $25 per hour, plus tips¹.
- Rental properties: Real estate investing is
one of the oldest and most popular side hustles in the books, but houses are expensive.
Thankfully, new platforms like Arrived make it easy to invest in income-generating properties
with as little as $100. The company pools money to buy rental properties, manages them, and then
distributes the cash flow every month².
- Customer interviews: Many companies use
customer interviews to get feedback on new products. User Interviews and Respondent.io are a
pair of cool services that facilitate those interviews online and over the phone. The best part?
The average compensation is $50-150 an hour³!
- Online surveys: These won't make you
rich, but can be an easy way to supplement your income and you can do them in your downtime
(waiting in line, watching TV, etc.). You can sign up for free on sites like Swagbucks, Survey
Junkie, Branded Surveys, KashKick, InboxDollars, and American Consumer Opinion, and earn up to
$35 per survey⁴.
- Flipping items for profit: A common side hustle involves buying items
and then selling them for a profit on eBay or Craigslist. You can search for items with a high
resale value in digital marketplaces, thrift shops, and garage sales. You can also use apps like
Gazelle to sell used phones and electronics. You can make anywhere from a few dollars to a few
thousand dollars per item, depending on the demand and condition⁵.
- Social media
manager: Many companies invest heavily in maintaining an online social media presence. Social
media managers can work remotely, promoting a company or product on Facebook, Twitter, and
Instagram. You can use your creativity and communication skills to create engaging content, grow
followers, and increase brand awareness. You can earn an average of $50,000 per year, or more
depending on your experience and results⁶.
- Freelancing: Freelancing is a tried-and-true
way to earn extra money and deserves a top spot on any list of easy side hustle ideas.
Freelancers deliver work on a per-project basis for one or more clients and you can schedule it
in your spare time. Freelance graphic designers, writers, editors, and website developers are in
high demand, and other fields offer freelance opportunities as well. You can market your
freelance skills to your personal network for free via email and social media accounts, or use
freelancer portals such as Fiverr, Upwork, and Freelancer.com, which handle project management
and payments for you. You can charge anywhere from $5 to $500 per project, depending on your
skill level and the scope of the work.
- Academic tutoring online: Share your expertise
with others using online video sessions. SAT and ACT prep, math, and science are in-demand
fields. You can use platforms like Tutor.com, Chegg, and Wyzant to find students and set your
own rates. You can earn an average of $25 per hour, or more depending on your subject and
qualifications.
- Teach English online: Several digital services market online English
lessons to students in other countries. They provide the lessons, and you deliver them to small
groups. Most of these positions require a bachelor's degree and a TEFL certification. You can
use sites like VIPKid, Qkids, and EF Education First to find opportunities and earn up to $25
per hour.
- Blogging: Blogging is a great way to share your knowledge, opinions, and
experiences with the world. You can write about anything that interests you, from travel,
fashion, and fitness, to personal finance, technology, and politics. You can make money from
your blog by displaying ads, promoting affiliate products, selling your own products or
services, or creating sponsored content. You can use platforms like WordPress, Medium, or
Substack to start your blog for free or for a low cost. You can earn anywhere from a few dollars
to a few thousand dollars per month, depending on your traffic and monetization
strategies.
How to start and grow your side hustle successfully
Once you have
chosen your side hustle idea, you need to take some steps to start and grow it successfully.
Here are some tips to help you:
- Do your research: Before you launch your side hustle,
you need to do some market research to validate your idea, understand your target audience,
analyze your competition, and determine your pricing and marketing strategies. You can use tools
like Google Trends, Google Keyword Planner, and Google Analytics to gather and analyze
data.
- Set your goals and plan your actions: You need to have a clear vision of what you
want to achieve with your side hustle, and how you are going to get there. You can use the SMART
framework to set specific, measurable, achievable, relevant, and time-bound goals, and break
them down into actionable steps. You can use tools like Trello, Asana, or Evernote to organize
and track your tasks and progress.
- Manage your time and energy: You need to balance your
side hustle with your regular job and your personal life, without burning yourself out. You can
use tools like Google Calendar, RescueTime, or Pomodoro Timer to schedule your time and optimize
your productivity. You can also use tools like Calm, Headspace, or Insight Timer to practice
mindfulness and relaxation techniques.
- Build your brand and network: You need to create a
professional and consistent image for your side hustle, and connect with potential customers and
collaborators. You can use tools like Canva, Logo Maker, or Squarespace to design your logo,
website, and social media profiles. You can also use tools like LinkedIn, Facebook, or Meetup to
network with other professionals and join relevant communities.
- Learn and improve: You need
to constantly monitor your performance and feedback, and learn from your successes and failures.
You can use tools like Google Forms, SurveyMonkey, or Typeform to collect and analyze customer
feedback. You can also use tools like Udemy, Coursera, or Skillshare to learn new skills and
improve your existing ones.
Conclusion
A side hustle can be a great way to earn
more money, pursue your passions, and achieve your goals. However, not all side hustles are
created equal. You need to find a side hustle that suits your skills, interests, and needs, and
that offers the best opportunities and benefits for you. You also need to start and grow your
side hustle successfully, by following some tips and using some tools.
We hope this
article has helped you find the best side hustle for you, and inspired you to take action.
Remember, the best time to start a side hustle is now!
Triston Martin Nov 07, 2023
Triston Martin Nov 08, 2022
Susan Kelly Nov 23, 2023