Avish 
2023 is the year of earning extra money. It is something that many people who are short of money but have a lot of spare time. Additionally, there are many ways to earn additional money thanks to the digital world.
With the rising costs of essentials such as fuel, clothing, food and drink, people are finding it difficult to have some spending. Moreover, Forbes predicted that ecommerce jobs are the best line of work this year.
If you are one of those who is looking to find a new side hustle for 2023, you have come to the right place. In this article, we will look at the many jobs or side hustle ideas that you can do on the side to have extra money.
What is a side hustle?
A side hustle is another job on top of your primary occupation. However, it will usually consist of less work than what you currently do but earn less. Nonetheless, it could be an extra few hundred pounds per month in your account.
Many people will have their current job and then use the skills from that job for something else. For example, someone who works as a fitness instructor may offer 1 to 1 online fitness courses as their side hustle.
There are many things or side hustle ideas people can do in the digital world so if you have time to learn a new skill and then charge for a service, you should consider it.
Blog writing
If you enjoy writing, we suggest you start your blog as this can be a great money earner. Starting your blog website can be about anything. Whatever you are passionate about and know others are, you should consider writing about it. Even if you ain’t the best writer, you could use plugins such as Grammarly to improve that for you.
One of the best positives of starting a blog is that it is really easy. Once you begin your blog, people will then start reaching out to you. Other writers will be interested in supplying you with articles you can publish. Not to mention that people will reach out to you and ask to be sponsored by you once you start getting attention.
The key to earning money with your blog is to pick a niche that isn’t competitive. It could be anything in which you have an interest and if you know your idea is unique then you are good to go.
Start your own YouTube channel
YouTube has been a great career for many people because they have managed to find a niche and are good at it. Some people have chosen the route of gaming, recording themselves playing video games. Others will do cooking tutorials which is another way to start earning money.
One of the best things about this side hustle is, it is cheap to start. It will not cost you to start your YouTube channel. All you require is an email address and recording equipment. Again, recording equipment won’t cost much if you own a smartphone. Just have a Google account and some type of recording equipment and you are good to go.
Dropshipping
Dropshipping is one of the biggest side hustle trends in the last 4-5 years. If you are unsure what dropshipping is then read on..
Dropshipping is selling a product without having an actual inventory. All you require is a platform to sell your product and a supplier who you will buy that product from. You can sell hundreds of products and not see the product yourself. The question is, how does it work and can you earn that much money from it?
To make money from this, you need to set up your store. This store will then sell a product which you do not own. What you do is contact the supplier and buy the product from them. Once you have bought the item from the supplier, you can add an extra fee to the product so you earn profit. You are the middleman of this product.
Freelancing services
We now live in a world where digital advertising is an absolute must for your business. We no longer look at promoting our business in a local newspaper or magazine. Now, we look at social media platforms to promote our business as well as Google. It is something which is very much in demand and if you learn this skill, you can start charging people for it.
If you already work in a digital marketing job or know how to develop a website, you are one step ahead of everyone. There are many freelance services which are in demand so find one which suits you. Some of those services include web design, content writing, search engine optimisation, social media marketing and many more.
Manage social media business accounts
Social media is something that many of us use in day-to-day business. That could be for entertainment, keeping in touch with friends or using it for your business. Therefore, you already have a little experience with it. However, some people don’t have the time to manage their social media accounts and will look for someone to do it for them. Managing a social media platform isn’t necessarily difficult, however, promoting a business/ service to the public could be difficult.
Invest in the stock market
Although the stock market has been affected massively by the events which have occurred around the world. Moreover, people get involved with stock investments to earn extra money. However, this is one of the riskier side hustles unless you do it right. Many people see investing in stocks as a gamble but that isn’t all true. There are a few things to be aware of before you start investing.
Research
One of the first things you do before you start investing is research the stock market. Just because one person said the stock will increase in value doesn’t mean it will. Ensure you research the company of that stock to know that it will increase over time.
Don’t commit to one stock
One of the reasons why many people fail in the stock market early on is because they invest their money all into one stock. If you want to invest in individual stocks, you need to know something which the rest of the investors don’t necessarily know.
Commit to your long-term portfolio
Something else many people struggle with is committing to their long-term stocks. They can easily fall into some sort of financial trouble, resulting in them selling their long-term stocks, making barely any returns if any at all.
Many investors advise having a strategy where you check to see how your stocks are doing on your calendar. For example, if you know a stock will have a good Q2 overall, wait until Q3 and don’t keep checking it throughout Q2.
Summary
There are many ways you can earn extra cash throughout the month. As you can see, the best way to earn extra money is through the digital world. Even with the stock market, you will use social media and online websites for your research. One thing we do advise is to be wary of broker scams.
Some people are manipulating the digital world and scamming people for their investments, especially with the stock and crypto market. Even with Forex, people are falling for forex trading scams because they know little about it.
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