Tips For Starting A Side Hustle In 2023
There are many reasons you might be looking to start a side hustle in your life. It could be that you want to make a little extra money on the side to put into savings. You might have an event such as a large party or a wedding coming up that you need some additional funds for, or you might just be looking to do something in your spare time and see if you can make some cash from it. No matter what the reason is, it has never been quite so easy to start a side hustle and there are a plethora of resources and tips waiting to be discovered. Here we have put together some top tips for starting a side hustle in 2023.
What is a side hustle?
Put simply, a side hustle is a job that you do on the side of your main occupation. It doesn't follow the same constraints and hours as your main career and is usually something that is flexible and you can fit around your day-to-day life. Side hustles tend to be things that you can pick up and put down and enable you to make some extra money on the side. Many people favour a side hustle as it's a great way to bring in a little extra cash without having to compromise too much in regards to time as it can be done in the evenings, mornings or when you have some free time. This means you can work it around your other commitments such as childcare, picking the kids up from school or your main place of work. There are a host of side hustles you can tap into depending on what your interests and your skills are.
What are some side hustle ideas?
When it comes to a side hustle, there are so many different things you can consider implementing. Here are just a few ideas to get you off to a good start.
Become a freelance writer
If you are a creative person that loves to write in your spare time, why not make some money from it? There are a host of places you can find freelance jobs, from sites that offer writing positions to Facebook notice boards, or Linkedin. Make sure you have a good sense of grammar and spelling and that you are able to stick to deadlines and be punctual. There are many different types of writers, from fictional and nonfictional to content or copywriters. Be sure to do your research and if you can find a niche to specialise in, that can help.
Sell handmade items online
There is a high demand for handmade items online and if you already like to create things, why not make some money from it? There are many different items you could make, such as hand-knitting items, creating photo frames, candles, prints or custom bags and jewellery. Consider what you enjoy making and how you will make a profit when you take into account the time they take to make and the different materials you will need. Once you have established this, look at the best places to sell such as Etsy, eBay or marketplaces on social media networks. There are plenty of options!
Look into tutoring
Consider crypto trading
Crypto is another great side hustle to consider, particularly if you are into your finances and know what you are doing. There are a host of sites you can use to help you with crypto trading, such as Bitcoineer which specialises in Bitcoin. Be sure to do your research before you start and begin with small funds rather than investing a large amount of money into your account. You could speak to people that already trade to get their advice, as well as get some tips from articles and blogs that you can find online.
Top tips for starting a side hustle
If you are still dithering about whether a side hustle is for you, it's a good idea to consider the logistics of it before you begin. The last thing you want is to get stuck in and then find it isn't a viable idea causing you to lose both time and money. Here we have put together some top tips for starting a side hustle that should help to ensure the above doesn't happen and that your idea is a success.
Find something that you already are interested in
The easiest way to get a side hustle that you will want to continue is to find something that you already enjoy and spend time doing. If, for example, you already have a blog and write on the regular, then it's a good idea to look into something such as freelance writing. The same can be said for photography, crafts or anything like this. Because it's something that you already have a vested interest in, it won't feel so much like work and you'll be less likely to give it up. It also means that you will already have the skills that are needed for the job, so you don't need to waste your time doing lots of research and training to be a good candidate for the job. As it's something you will be doing in your spare time, you don't want it to be stressful and feel like another job as you will soon burn yourself out.
Choose something you can fit around your current schedule
Life is manic, particularly if you work long hours and have other commitments such as a family or pets that you need to take care of. Because of this, you want to find a side hustle that can be just that. You don't want to find something that starts to take its toll and impact other aspects of your commitments and job. You will find that it can burn you out and become a stress as opposed to something you enjoy that is designed to bring in a little extra cash. Remember that a side hustle is only supposed to be something on the side and shouldn't impede on your life too much.
Start small and don't invest too much from the off
When it comes to your side hustle, you want to try and start off small and see how it grows. Putting pressure on it can impede its growth and make it a chore rather than something that you are doing out of choice. To avoid this stress, instead, start with low expectations and just see where it goes. While it helps to have a rough plan, try not to be too regimented and don't put too much in, too soon. This is particularly true if you need to pay such as to invest in materials and supplies – don't over-order just in case.
These are just a few top tips for starting a side hustle in 2023 that is sure to get the year off to a great start. A side hustle can turn from being a way to make some extra money on the side to something that you love and could even end up turning into your full-time career if it makes enough money. There are so many different side hustle choices you can make, it's down to you to find what is right for you. Are you considering starting up a side hustle to see in the new year? If so, what are some of the ideas you have had on how to start it? Let us know in the comments below, we'd love to hear from you!