By: Ivan Ferguson
Discover an Idea
Almost everyone can benefit from a little extra income, but sometimes saving extra money and having a full-time job is not enough. Successful side businesses create recurring income streams that significantly help in earning additional income.
Side business owners come from diverse backgrounds and sell a wide range of products. They work hard, experiment, and view resource constraints as an exciting challenge rather than a signal to give up. With just a few hours in your spare week, you can also take advantage of side work.
If you’re looking to earn passive income or some extra cash by turning a hobby into your own business, check out our list of side business ideas – from pet care to digital marketing to gig economy work. Here are 25 side hustle ideas to try in 2023:
Turning a YouTube Channel into an Income Source
YouTube has over two billion users watching 250 million hours of video every day. Building a large enough audience to profit from YouTube ads takes a long time, which is why it’s better to find a more direct way to generate revenue than waiting for ads to become worthwhile. Fortunately, there are many ways to make money on YouTube that go beyond paid advertisements.
Selling Digital Products
Digital products include any intangible assets existing in the digital world. These products are usually downloadable or streamable files like audio files, PDFs, videos, and templates. If you’re a musician, music is always in demand for movies and advertising campaigns.
Become an In-Person or Online Tutor
Teaching is one of the most rewarding opportunities, and with online platforms like Cambly, TutorOcean, Preply, and Learnly, it’s easy for anyone to become an online tutor. Some young entrepreneurs even start freelancing while studying. Services like tutoring and test preparation are very popular among working students at universities, and the test prep market is expected to grow at a rate of 6% annually through 2027.
Package Delivery
Anyone with time and access to a vehicle can sign up for package delivery through Amazon Flex. Amazon Flex is a great way to earn extra income in your spare time. The work schedule is flexible: drivers simply sign up for a time slot and receive multiple delivery tasks based on their available time.
Starting a Podcast
Podcasts, like social media and blogs, have become an integral part of the online content world. In fact, the popularity of podcasts has been increasing every year since their inception. Podcasts are relatively inexpensive to produce as well. A good USB microphone specifically for podcasting can be purchased for under $100, and recording platforms like Audacity are free and easy to use.
Design and Sell Your Own T-Shirts
Print-on-demand businesses are fun and low-risk adventures if you have a passion for design and are looking to dip your toes into entrepreneurship. Apps like Shopify’s Printful, Printify, and Gelato allow you to upload custom designs to t-shirts that are printed and shipped at the point of purchase, meaning there is no need to buy large stock upfront.
Providing Pet Care Services and Dog Walking
These days, people treat their pets like family members – so there is an increasing demand for reliable individuals to care for their furry loved ones. In the past, finding clients was the hardest part of becoming a dog walker or pet sitter, but with apps like Rover, Wag!, PetSitter.com, and PetBacker, it has become easier than ever to find good clients in need of help.
Become
Rideshare Driver
These days, there are many options for those who want to drive for a rideshare company. You can always drive for established companies like Uber or Lyft, but there are also independent options that cater to specific or local needs, such as ZIRO, which is heavily based in San Francisco, or Wingz, which specializes in transporting people to and from the airport.
Grocery and Other Deliveries
If you enjoy driving but don’t always like having strangers in your car, you can sign up to drive for grocery delivery apps. Check out Instacart or Spark Driver (Walmart’s delivery app) for side job opportunities delivering groceries.
Food delivery has also become increasingly popular over the past few years. Food delivery is an easy way to start a side gig, with many apps like Uber Eats, DoorDash, Grubhub, Postmates, and SkipTheDishes (only in Canada) and Menulog (only in Australia and New Zealand) where you can sign up to become a driver.
Renting Out Your Home or Extra Room
You are likely already spending time taking care of and maintaining your home, so why not earn some extra cash from it? There is great potential to make a lot of money by renting out your home or an extra room. Airbnb is the most popular way to rent out your home, but you might also try listing it on other apps like Vrbo, Agoda, or Plum Guide (only in the UK).
Offering Digital Marketing Services
With a large number of businesses going online, there is always a need for freelancers with specific skills to help founders create content, run social channels, optimize websites, and more. Advertise your services online through freelancing websites and create a basic site that features a portfolio of your work. You can earn additional income by creating an online course and selling it as a digital product to those looking to learn your skills.
Become an Affiliate Marketer
Affiliate marketing is when you promote someone else’s products or services on your platform and earn a commission for any sale that comes from your referral (usually through a unique link or code). This is a great way to incorporate side hustles.
Start a Blog or Newsletter
Blogging has long been a popular aspect of side businesses, but converting it into a revenue source can be challenging. That’s why more and more bloggers are turning to Substack, a platform that allows freelance writers to publish their work directly to their audience and get paid through recurring subscriptions.
Sell Your Photography
Sites like Burst, Shutterstock, and Getty Images are always looking to buy images that can be used on websites and advertising campaigns. As long as the web exists, there will always be a need for fresh images, as websites always need to update and refresh their content.
Participate in Paid Online Surveys
Many companies and market researchers want to know people’s opinions on their products and services. Sites like Branded Surveys, Swagbucks, and Survey Junkie have many surveys that you can get paid for completing. Filling out surveys may not pay your bills, but it can add some extra cash to your pocket for the weekend.
Get Paid to Test Apps and Websites
Nothing disrupts a business faster than a bug-ridden website or a non-working app. That’s why developers hire testers to go and click all the links and press all the buttons to make sure everything works before it is ready for use. Did you know? You can get paid for that.
Become
Transcriber or Translator
Transcribers receive audio files from their clients and write down what they hear. These files may include videos, voice notes, phone calls, or even legal proceedings, so the ability to listen well and type quickly is crucial. Check out freelance job sites like Rev, TranscribeMe, and GoTranscript for paid transcription opportunities.
Create and Sell Your Handmade Goods
If you want to earn money from your hobbies, there are plenty of crafts you can make and sell online. Although making handmade products requires a lot of time spent learning a craft, it’s one of the best ways to stand out in a sea of ordinary products.
Success Story: How a Skincare Brand Successfully Integrated Her Personal Story with Her Brand
In this guide to brand storytelling, founder Charlotte Cho explains how her personal story and culture were pivotal in building two skincare brands. She was a well-known beauty writer first, and she was able to build credibility when she later launched them.
Success Story: How an Artisan Expanded Her Sunglasses Business
Kirin Rose Gold started designing her own sunglasses before being discovered by major celebrities. Now she employs other artists as her brand, A-Morir, grows.
Success Story: How an Artisan Expanded Her Sunglasses Business
Kirin Rose Gold started designing her own sunglasses before being discovered by major celebrities. Now she employs other artists as her brand, A-Morir, grows.
Success Story: How an Artisan Expanded Her Sunglasses Business
Kirin Rose Gold started designing her own sunglasses before being discovered by major celebrities. Now she employs other artists as her brand, A-Morir, grows.
Success Story: How an Artisan Expanded Her Sunglasses Business
Kirin Rose Gold started designing her own sunglasses before being discovered by major celebrities. Now she employs other artists as her brand, A-Morir, grows.
Success Story: How an Artisan Expanded Her Sunglasses Business
Kirin Rose Gold started designing her own sunglasses before being discovered by major celebrities. Now she employs other artists as her brand, A-Morir, grows.
Success Story: How an Artisan Expanded Her Sunglasses Business
Kirin Rose Gold started designing her own sunglasses before being discovered by major celebrities. Now she employs other artists as her brand, A-Morir, grows.
Success Story: How an Artisan Expanded Her Sunglasses Business
Kirin Rose Gold started designing her own sunglasses before being discovered by major celebrities. Now she employs other artists as her brand, A-Morir, grows.
Success Story: How an Artisan Expanded Her Sunglasses Business
Kirin Rose Gold started designing her own sunglasses before being discovered by major celebrities. Now she employs other artists as her brand, A-Morir, grows.
Are You Ready to Start a Side Business? Explore these ideas in detail to learn how you can start an online business or make extra money by selling your skills. The best side business ideas are those that align with your skills and interests.
1.
Transforming a YouTube Channel into a Source of Income
2. Selling Digital Products
3. Becoming a Tutor In-Person or Online
4. Delivering Packages
5. Starting a Podcast
6. Designing and Selling Your Own T-Shirts
7. Offering Pet Sitting and Dog Walking Services
8. Becoming a Ride Share Driver
9. Grocery and Other Item Delivery
10. Renting Out Your Home or Extra Room
11. Providing Digital Marketing Services
12. Becoming an Affiliate Marketer
13. Starting a Blog or Newsletter
14. Selling Your Photography
15. Participating in Paid Online Surveys
16. Getting Paid to Test Apps and Websites
17. Becoming a Transcriber or Translator
18. Creating and Selling Your Own Handmade Goods
19. Mowing Lawns and Performing Other Landscaping Tasks
20. Starting a Dropshipping Business
21. Creating a Clothing Line
22. Offering Services like Car Washing and Detailing
23. Getting Sponsored on Social Media
24. Giving Tours in Your Neighborhood
25. Reselling Thrifted or Antique Goods
Are you ready to start a side business? Review these ideas in detail to find out how you can start an online business or earn extra money by selling your skills. The best side business ideas are those that align with your skills and interests.
How to Start a Side Business
Side businesses are a great way to earn extra income, but like all new ventures, they require some effort in the beginning to gain momentum. If you don’t choose an idea that fits your current lifestyle, it’s easy to neglect the side work and gradually let it fall by the wayside.
On the other hand, starting a side business may begin to affect your social and family time or conflict with your main job. This can be a good problem if you decide to take the side work to the next level and work full-time on building your own business.
Here are the steps to take to start a side business:
1. Research Your Options. The ideas mentioned in this guide are a great starting point. Research some ideas that interest you and check how you can make money with them in your spare time.
2. Make a Plan. See if you need any licenses, equipment, or special training. Sign up for relevant gig economy apps. Map out a plan for your side business on your current schedule to determine how many hours a week you can dedicate to it.
3. Set a Goal. A goal will help keep you on track. A goal like “make more money” isn’t specific enough. Try “earn enough money to pay off my student loans” or “make extra money to save for a car.”
4. Promote Your Services or Products. Depending on the side business you offer, you’ll need to let the world know you’re ready to work. If you sell services like personal training, create a TikTok account to share workout tips and mention your contact information. If you’re offering a spare room for short stays, set up a listing on a site like Airbnb. If you’re selling products, invest in e-commerce SEO.
5. Evolve (or Don’t Evolve). Many people start their side businesses intending to keep them that way. But if your idea takes off and your services are in high demand, consider evolving your side business and learning how to start a full-fledged business.
Questions to Ask When Considering Side Businesses
While side businesses don’t always turn into full-time jobs, it’s common for side entrepreneurs to move in that direction once their venture becomes profitable enough. If you’re looking for a side business that could eventually become your job, here are some things to consider.
1.
Does the idea fit with your current schedule?
You will dedicate a significant amount of time to this side project, so it helps if that time fits into your personal schedule. Side gigs should be something you can do outside your official working hours, but it shouldn’t interfere with or prevent you from doing them.
2. Does the idea align with your passions and interests?
After working 40 hours a week, most people have little creative energy left by the end of the day. After spending quality time with family, friends, and personal responsibilities, finding extra time to work on a side project can be difficult.
But those hidden hours on the margins of life are usually the best times for focused work needed to start something. The workday is over, the weekend is still a few days away, and since you’ve already watched all the true crime documentaries on Netflix, your schedule is open for business.
However, no matter how hard you try, you may not feel like working. That’s why the ideal situation is for your side project to perfectly align with what you feel passionate about, even if the final product itself isn’t the same. This could mean enjoying some aspects of running the business behind the scenes or immersing yourself in a new topic or area of interest, or having a desire to do something that helps people.
Whatever the appeal, testing the work when you’re settled on something else can be very beneficial.
3. Is the idea financially viable?
While it’s not necessary for every hobby to be profitable, most of us have student loans and bills to pay. According to our definition of good side gigs, we are looking for a return on the time invested. This means that your side project needs to be financially viable and, in the long term, relatively stable – not just a side job.
Most side ventures aren’t profitable right away, as the primary focus is on fine-tuning your product or service and finding the best way to reach your first customers or clients. You want to keep costs low in the early stages and work exclusively on “cash ringing” or proving your idea through sales until you can see how it
Source: https://shopify.com/blog/34525189-how-earning-100-500-or-1-000-month-with-a-small-business-can-change-your-life
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