5 of the Best Side Hustles in 2023
1. Online coaching
If you're already an experienced teacher, you can make extra cash as an online instructor. This job involves consulting other teachers about teaching techniques and tips.
You can give live or pre-recorded coaching sessions. You can also provide other teachers with educational resources and advice to improve their instruction and classroom engagement. This side hustle is one of the best ways for teachers to use their expertise and improve the lives of students.
If you want to earn money while still working at your day job, you can also become a social media moderator and moderate content on Facebook groups. This side hustle will pay you between $20 and $25 per hour and can be done anywhere.
You can even earn a monthly income with this side hustle. Another option is to create online courses. These courses help people learn a specific subject faster, as the content is clear and easy to follow.
Another way to earn extra money is to teach foreign students English. There are online teaching platforms that connect you with students all over the world.
You can set your own hours and can even make it a full-time job. And if you love teaching foreign language, you can start an online English teaching business and earn money with your expertise.
Online courses have become a craze in recent years, and that trend will continue to grow in 2023. Anyone can create an online course on anything they're passionate about, and it can run asynchronously.
This allows you to work in your free time, and the course material can be accessed any time day or night. And if you're good at marketing and promoting your course, it could turn into a full-blown business.
2. Real estate investment
If you're looking for a side hustle that pays well, real estate investing is a great option. You can invest in properties in your area and rent them out for extra cash. Real estate professionals can often find fixer-uppers before the public. They also have connections with lenders that can approve quick loans during hot markets. They may also know trusted contractors and buyers who can help you with your projects.
The key to a successful real estate side hustle is a bit of work. The tasks involved in renting or managing a home are very time consuming. If you are not comfortable spending many hours at home, you should not get involved in real estate.
You should also make sure that you don't already have a primary job that requires you to be available to work on your side business. Also, make sure you check with your state regarding the paperwork you'll need to do. You may have to register as a self-employed contractor. You should also consider the extra training and equipment that you'll need to get started.
If you don't have the money for a down payment, crowdfunding can help you get involved. Crowdfunding platforms can allow you to invest small amounts of money to buy shares of private REITs. These platforms will give you access to a broad range of properties and projects. Of course, investing in real estate is not without risks, and you should always be aware of this before investing your money.
3. Food delivery
If you have a reliable vehicle and are of legal drinking age, food delivery could be your ideal side hustle. Most food delivery services need at least a driver's license, a valid state identification, and experience with delivering food. You'll be paid up to $25 per hour for this job, and you'll make extra cash with tips.
You'll be able to start earning money as a food delivery driver for many different companies, and this industry is easy to get started. You'll need a vehicle and an app to keep track of orders, payments, and tips. You can try out a few different apps before deciding on the one that best suits you.
One of the most popular food delivery side hustles is Uber Eats, which allows you to drive a rideshare and deliver food for customers. Other services include DoorDash, which allows you to deliver food by bike or foot.
Instacart is another great option that allows you to deliver groceries and other items. You'll also be rewarded with a monetary reward.
These side hustles can make you enough money to quit your regular job and focus solely on driving. With the right location, you can even earn enough to pay the bills and buy groceries. This makes food delivery the best side hustle in 2023. If you want to start a career that is both flexible and fulfilling, food delivery can be the perfect side hustle.
4. Editing videos for big businesses
The digital age has given you the ability to easily turn your ideas into profitable projects without a lot of investment. In fact, you can even start your own video editing marketplace without having to know much about coding, design, or video production.
One of the best ways to get started is by becoming a freelance video editor. You can start with a simple website hosting your portfolio and basic business information. This will help you attract clients for you to sell your video editing to.
5. Freelancing
Freelancing is one of the best side hustles that allows you to take control of your time and set your own rates. It also allows you to compete with other freelancers from all over the world.
Freelance websites like Fiverr are excellent sources for finding gigs that are in demand. Whether you have a knack for writing or art, there are endless opportunities to leverage your talent. Freelancing can also help you pay your bills or save up money.
If you have any skills, but no experience, you can start a side hustle as a social media moderator.
These jobs require you to moderate content on popular social media platforms. These jobs can be done from anywhere and can earn you $20 to $25 per hour. You can also earn extra income by blogging, creating videos on YouTube, and selling products on Amazon. These jobs may take some time to build, but they can build up over time.
If you're interested in becoming a virtual assistant, you can start a side business from home. You can earn between $5 and $15 per hour and even work in countries with low labor costs. Another side hustle idea is selling goods on Etsy. There are a variety of different items that can be sold, including resume/CV templates.
One of the best side hustles in 2023 is making deliveries. You can earn a steady income with this side hustle by using a smartphone application. You can even use this side hustle as a means of saving up money for a new side hustle.
For example, if you live in an area with many restaurants, you can start a food delivery business. Alternatively, you can try using a website like DoorDash to offer your services.
