Top Strategies to Earn Extra Income in 2023
Discover top strategies to earn extra income in 2023, from freelancing to Airbnb hosting. Start today!
25 min read
5 months ago
Top Strategies to Earn Extra Income in 2023
Discover top strategies to earn extra income in 2023, from freelancing to Airbnb hosting. Start today!
25 min read
5 months ago
Trying to make some extra cash? Check out these top strategies for earning more money in 2023. From freelancing to Airbnb hosting, there's something here for everyone. Whether you want to turn a hobby into a business or just need a side gig, these ideas can help you reach your financial goals.
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. Skilled mechanics, trained bookkeepers, video editors, interior decorators and even licensed real estate agents can find flexible work through freelancing.
Make money online through websites such as Upwork, Fiverr and Freelancer.com. These sites offer opportunities to do a variety of freelance jobs, such as writing, programming, design, marketing, data entry and being a virtual assistant. Fluent in a second language? Check sites such as Gengo or Blend Express, or drum up business through a site of your own. No matter what freelancing you do, keep track of the going rate for the kind of work you provide so you know what to charge. Learn how to get started on
Costs and platforms: Market your freelance skills to your personal network for free via email and social media accounts. You can also reach potential clients using freelancer portals, such as Fiverr, Upwork and Freelancer.com, which handles project management and payments for you. Marketing skills on your own website adds professional polish, plus lets you offer convenient online invoicing and payments via Square or another online payment provider.
It’s possible to make money online as a freelancer. Rather than working for one particular company, you can go self-employed and provide what you’re good at to various parties. Some types of work that you might be able to do on a freelance basis include:
Revenue potential: Up to $5,000+ monthly on average, based on your expertise, experience, and effort.
Becoming a freelancer is one of the most popular ways to increase income. This is even more workable for professionals specialized in web development, copywriting, graphic design, or digital marketing, to name a few.
You can start by building a solid portfolio and joining professional social media platforms like LinkedIn or Behance.
Dropshipping is a business model where you can create an online store without the need to buy, store, or ship the products you sell. You only pay for the items when a customer makes a purchase. The suppliers handle storage, packing, and shipping, and charge you the wholesale and shipping costs per order. This method is a low-risk opportunity as you don't invest in inventory upfront, allowing for potential profits with reasonable marketing expenses. You can also expand your reach by dropshipping on platforms like Amazon and eBay. Managing your own website and customer service can be time-consuming, but dropshipping is a cost-effective way to enter the e-commerce market. Additionally, you can explore print-on-demand products like T-shirts and accessories, where you design and sell items before ordering them. Shopify simplifies the process of starting a dropshipping business by handling inventory, packaging, and shipping, allowing you to focus on product development, marketing, and customer relations.
If you enjoy painting, woodworking, baking, sewing, knitting, or other crafts, you can turn your passion into profit by selling handcrafted products. Handmade jewelry is a great product to make and sell from home. One of the most popular types of jewelry is necklaces. The necklace market is huge. You can sell your ready-made or custom-made items online and at local fairs and markets.
Amazon Handmade is a fantastic platform for artisans. If accepted into the program, you can craft and sell your goods using Amazon's platform. The exposure Amazon offers is massive, helping a large audience discover your unique products. Even with Amazon's fees, many Handmade sellers are profitable, with 33% seeing profit margins above 20%.
Etsy is another excellent site for selling your crafts. Whether you make woodworking items, jewelry, embroidery, or pottery, Etsy is the go-to site for artisans. The company has 95 million active buyers and grossed over $13 billion in merchandise sales in 2022.
There are profitable deals out there, you just have to go find them!
Affiliate marketing is a way to earn money by promoting other people's products. You can do this on your website, blog, or social media. When someone clicks on your special link and buys the product, you get a commission. Amazon Associates is one of the most popular programs for this.
To get started, follow these steps:
With the use of social media, you have the potential to reach thousands of people who may be interested in the products you are promoting—giving you more of a chance to earn lots in affiliate commissions.
Affiliate marketing can be a great way to make passive income, but you need to attract readers to your site to click on the link and buy something.
Creating and selling online courses is a great way to share your knowledge and earn extra income. Online courses are one of the most successful content types to attract people to your website. You can earn anywhere from $0 to $50,000 monthly, depending on your audience and pricing.
To get started, you need clear learning objectives, exciting yet challenging content, and some form of interaction. For example, you can create a community or a forum so that attendees can share their questions and experiences.
There are several platforms that can help you create and sell your courses, such as Udemy, Skillshare, Teachable, and Learnworlds. These platforms guide you through the course creation process and help you pair courses with personalized coaching. Most have monthly fees or retain a portion of the fee when you sell a course.
You can also add online courses and members-only content to website platforms like WordPress, Squarespace, and Wix to create your own branded platform.
Explore top-rated online learning platforms to find the best fit for your needs.
The rise of online businesses has led to a growing need for digital marketing services. Business owners often seek freelancers to handle tasks like content creation, social media management, and website optimization. This is a great opportunity for those with digital marketing skills.
If you have a knack for writing, one excellent digital marketing side hustle is to become a freelance writer. Freelance writing is a flexible way to earn extra income while helping businesses grow their online presence.
One of the easiest ways to make extra money is by selling items on eBay, Craigslist, or Facebook Marketplace. These platforms are among the most popular options for selling items of all kinds online. You can sell used items like furniture, household appliances, collectibles, or anything else that you're not using or is collecting dust.
Selling online can be a quick way to make some extra cash, especially if you have items lying around that you no longer need.
By following these steps and tips, you can successfully sell items on eBay, Craigslist, or Facebook Marketplace and make some extra income.
Blogging is a great way to share your thoughts and ideas with the world. If you enjoy writing and have a passion for a specific topic, starting a blog can be a fun and rewarding way to earn extra income. You can make money by placing ads on your blog or through affiliate marketing. Ads pay you based on views or clicks, while affiliate marketing pays you a commission when someone buys a product through your link.
Here are some steps to get started with blogging:
Blogging requires time and effort, but it can be a fulfilling way to earn money while doing something you love.
Virtual assistants offer personal assistant services in the digital world, handling tasks like appointment scheduling, customer emails, travel bookings, and data entry. If you're organized and tech-savvy, this side hustle is a great way to make money from home in your spare time.
You'll need a reliable computer and internet connection, but those are your only costs for this side hustle. Virtual assistant apps like TaskRabbit, ChatterBoss, and Upwork help you market services and manage gigs and payments. Manage bookings and payments using Square.
This is an excellent opportunity for a side hustler who loves to check all the boxes on a to-do list.
Browse 3720 open jobs and land a remote virtual assistant job today. See detailed job requirements, compensation, duration, employer history, and apply today.
Stock photography is a great way to earn extra income if you love taking pictures. You can sell your photos online to various stock photo websites. These sites are always looking for new images to add to their collections.
Here are some stock photo sites to explore:
Keep in mind that not all your photos will sell. Only a few might drive all your revenue, so keep adding new photos to increase your chances.
To get started, follow these steps:
By practicing your hobby, you can make a passive income and enjoy the process of capturing beautiful moments.
Tutoring is perhaps the most well-known way to make extra money as a teacher. Tutors are very in-demand across all major subjects. You can set up tutoring sessions online or in-person, depending on your preference and availability. Tutoring and test prep is a billion dollar a year industry. You can start your own tutoring business to earn extra cash and help students at the same time.
Here are some useful platforms to visit if you’re considering e-tutoring:
To make your tutoring side hustle extra profitable, consider creating an online course. Building an online course takes considerable effort at the start, but once it’s set up, it can generate passive income continuously.
Next steps: Identify the subject or skills you are most knowledgeable about, then look for students on tutoring platforms or at local educational institutions.
Pet sitting is a great side-hustle to make a little extra money. It's perfect for animal lovers and easy to start. You can take care of pets in your home or visit them in their own homes while their owners are away. Pet sitting can earn you a little extra money while you enjoy the company of furry friends.
Pet sitting is not just about the money; it's also about spending time with animals and providing a valuable service to pet owners.
House sitting is a great way to earn extra income while enjoying the comfort of someone else's home. Attractive house sitting jobs go very fast, so being one of the first to apply can greatly increase your chances of getting it. This side hustle often involves tasks like feeding pets, watering plants, and taking out the garbage.
House sitting can be a rewarding way to make extra money while helping others. Just remember to be responsible and respectful of the homeowner's property.
City-dwellers often don’t use their cars for days or weeks at a time. That idle time can translate to extra money with services like Getaround and Turo, which let you rent out your car by the hour or day. You take home the majority of those earnings, while Getaround or Turo takes a cut for protecting your car while it’s being rented.
You can earn around £30 a day or up to £650 a month renting out your car in this way. The main rental share platforms include:
Renting out your car can be a simple way to make extra money without much effort. Just make sure to follow the platform's guidelines and keep your vehicle in good condition.
Renting out your home or a spare room on Airbnb can be a great way to earn extra income. Revenue potential varies, but on average, hosts can make around $948 per month. This amount can change based on the property and its location.
To get started, list your room or flat on Airbnb. Make sure to provide a detailed description and high-quality photos to attract guests. Reviews are the backbone for building your reputation as an Airbnb host. Don't hesitate to ask your guests to leave an honest review if they enjoyed their stay.
Here are some tips to help you succeed:
Plus, if you are interested in hospitality, this side gig will be ideal, so try to offer your guests the best experience.
If managing everything becomes too much, you can hire someone to help with housekeeping and guest interactions. Additionally, consider exploring Airbnb alternatives like Booking.com, Homestay, and Blueground to find the platform that best suits your needs.
Social media management is a great way to earn extra income in 2023. Many small businesses need help with their social media accounts but don't have the time or skills to do it themselves. This is where you come in. You can offer your services to local businesses for a monthly fee.
To start, you need to contact local businesses and offer your services. You can manage their accounts on platforms like Facebook, Instagram, Snapchat, and Twitter. These platforms are free to join and let you upload unlimited posts and videos. Most of them also provide free tools to create posts and videos, so all you need is a cell phone with a camera.
There are many social media management tools to help you with this side hustle. These tools can help you schedule posts, track engagement, and analyze performance. Some popular tools include Hootsuite, Buffer, and Sprout Social.
Managing social media accounts is an easy way to make extra money online no matter where you live. You can work from home and set your own hours. Plus, you get to be creative and help businesses grow their online presence.
Social media management is a no-cost side hustle opportunity. You just need a cell phone with a camera to get started.
Graphic design is a versatile way to earn extra income in 2023. If you have a knack for creating visually appealing content, there are numerous avenues to explore. From logo design to social media graphics, the opportunities are vast.
One popular method is to sell your designs on platforms like CafePress and Zazzle. These sites allow you to upload your artwork and print it on various products such as T-shirts, mugs, and hats. You earn a commission every time one of your designs sells.
Another option is to compete for design work on 99Designs. Here, you can showcase your skills in programs like Photoshop and Illustrator. However, you only get paid if your design is chosen as the winning entry, so it's essential to be a top-notch designer.
Graphic design offers a flexible and creative way to make money. Whether you're selling designs online or competing in design contests, your artistic skills can turn into a profitable side hustle.
Transcription services involve listening to audio files and typing out what you hear. These files can be anything from videos and audio notes to phone calls and legal proceedings. A good ear and quick fingers are crucial for this job.
If you're interested in transcription, here are some websites to check out:
Apart from transcribing, you can also consider other relevant micro-jobs like translating, data entry, or editing. These jobs are great for detail-oriented people with good organizational skills.
Transcription is a flexible way to earn extra income, and you can do it from the comfort of your home. It's a great option for those who want to work on their own schedule.
Proofreading and editing can be a great way to earn extra income in 2023. This job involves checking written content for errors and making sure it reads well. You can make $20-$40 per hour proofreading from home. Websites like ProofreadingServices.com offer opportunities to get started.
Proofreading and editing not only help you make money but also improve your own writing skills.
Voiceover work can be a fun and profitable way to earn extra income. If you have a strong and dynamic voice, you can find opportunities in commercials, movie trailers, audiobooks, and more. Established voiceover artists working on national commercial campaigns can earn upwards of $5,000 for a single project. Narration for audiobooks usually pays on a per-finished-hour basis, which can add up quickly.
To get started, you'll need a high-quality microphone and recording software. Here are some websites to look at:
Once you have the right equipment, practice your breathing techniques and warm-ups to improve your narration skills. Many companies require you to send a sample of your work to see if your voice fits their projects.
If you love storytelling, singing, or acting, voiceover work can be a great side gig. Start practicing today to bring new worlds to life and claim your next opportunity.
Podcasting has become a staple in the world of online content, much like social media and blogging. The audience for podcasts has been growing every year. Podcasting is also relatively cheap to start. You can get a good USB microphone for under $100, and free recording software like Audacity is easy to use.
To get started, you can record and edit your podcast using apps built into your smartphone, tablet, or computer. Then, upload your episodes to platforms like iTunes, Anchor, or Buzzsprout. Some of these platforms offer free plans, while others have premium plans that let you earn money through paid listener subscriptions, downloads, and ad revenue.
Podcasts are typically free to listen to or download, but one way to make an income is to create additional episodes that sit behind a paywall. That way, a dedicated audience can support your work directly.
Here are some popular podcast hosting websites to consider:
Check their features and pricing to find the best plan for your needs.
Starting a YouTube channel can be a great way to earn extra income in 2023. This can include earning money from ads, sponsorships, and merchandise sales. To monetize your channel, you'll need to meet YouTube's Partner Program requirements, which include having at least 1,000 subscribers and 4,000 watch hours in the past 12 months.
As your following grows, you may get business sponsorships to promote specific and relevant products/services to your audience.
Starting a YouTube channel requires effort and dedication, but the potential rewards make it a worthwhile endeavor. With the right strategy, you can turn your passion into a profitable venture.
Publishing an e-book is a great way to earn extra income in 2023. The internet makes it easy to bring your book to market. If you can write well, you can use platforms like Amazon Kindle Direct Publishing to sell your e-books. It's free to publish, and you can earn up to 70% of each sale in royalties.
To create a polished e-book, you might need help from a designer and an editor. You can hire freelancers to assist you. Once your e-book is ready, submit it to a self-publishing platform and focus on promoting it. Before submitting, check each company's royalty policy to see the rate you'll receive for every sale.
Here are some self-publishing platforms:
Learn everything you need to know to create, publish, and sell e-books to generate more passive income in 2023 and beyond.
Print on demand (POD) is a great way to earn extra income without needing to invest in inventory upfront. This method allows you to create and sell custom products like books, t-shirts, mugs, and more. When a customer places an order, the item is printed and shipped directly to them by a third-party service. This means you don't have to worry about storage or shipping logistics.
One of the biggest advantages of POD is the low risk involved. You don't need to buy large quantities of products in advance, which means you won't tie up your money in unsold inventory. However, keep in mind that while POD is convenient, the profit margins can be lower compared to buying in bulk.
If you're already into design or writing, POD can be a natural extension of your existing work. You can create unique designs or write books and then sell them without much hassle.
To get started with POD, follow these steps:
Is print on demand still profitable in 2024? The short answer is “yes". Print on demand is still definitely profitable and worth trying in 2024. According to Statista's report, retail e-commerce sales continue to grow, making it a viable option for earning extra income.
Online surveys are a simple way to earn extra cash. They require no upfront costs and can be done from the comfort of your home. Many people find them to be a flexible option for making money in their spare time.
Some popular online survey sites include:
Most surveys pay between $2 to $10 for a few minutes of your time, but some can pay upwards of $100 for more in-depth product reviews or questionnaires.
Online surveys are an easy way to earn extra cash. Find the best online surveys from trusted providers here.
In 2023, there are countless ways to earn extra income, whether you're looking to pay off debt, save for a rainy day, or just have some extra spending money. From online freelancing to selling handmade crafts, the opportunities are endless. The key is to find something that fits your skills and interests. With a bit of creativity and determination, you can turn a simple side hustle into a profitable venture. So, why wait? Start exploring these ideas today and take the first step towards boosting your income!
Freelancing is when you work for different companies or people on a project-by-project basis. You are not a full-time employee, so you can choose your own clients and set your own hours.
Dropshipping is a way to run an online store without keeping any products in stock. When someone buys something from your store, you purchase it from a third party, and they ship it directly to the customer.
Selling handcrafted products allows you to turn your hobbies into a business. It also gives you the freedom to be creative and make unique items that people will love.
To start affiliate marketing, join an affiliate program and promote products or services. You earn a commission for every sale made through your referral link.
To create an online course, you need knowledge about a specific topic, a computer, and a platform to host your course, like Teachable or Udemy. You can create videos, quizzes, and other materials to help students learn.
Starting a blog is not hard. You need a topic you are passionate about, a domain name, and a platform like WordPress. With regular updates and good content, you can attract readers and even make money from your blog.
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