2023 $ide Hustles

Photo by Rowan Jordan

As 2023 is here, the economic environment is a cause for concern. A global recession, rising inflation, and disruption in the traditional job market have caused many to look for alternative sources of income to measure financial security.

As a result, more and more people are turning to side hustles to supplement their income or even replace their primary source of income.

With rising inflation worldwide, making ends meet cannot be easy. Fortunately, some side hustles can help you make money in 2023.

Side Hustle

As wages stagnate and the cost of living rises, more people turn to side hustles to supplement their incomes.

What is a Side Hustle? Meaning of a Side Gig & More - Wonolo

A side hustle is any job performed outside one's regular 9-5 duties. It can be anything from providing services like pet sitting or tutoring to selling products online through platforms like eBay and Etsy.

20 Best Side Hustles You Can Start Earning With In 2023

Side hustles allow individuals to make extra money without committing themselves fully, allowing them the flexibility they need while still making some income.

Side hustles are becoming an ever more popular choice for those looking for additional sources of income in today's gig economy.

2023 Side Hustles Trends

With the world continuing its rapid transformation, having a side hustle by 2023 will be necessary for anyone wanting to stay ahead of the curve and ensure financial stability.

Not only does it provide you with extra income, but it also gives you access to new skills and experience that can help you grow your career regardless of economic uncertainty.

Online Coaching

Online coaching has become a prominent side hustle for many ambitious entrepreneurs in 2023.

Online coaching offers an attractive option for those looking to make extra money on the side or start a business without investing much capital.

One in-demand side hustle for 2023 is online tutoring - CNBC

By leveraging their talents and skills, aspiring coaches can open up new avenues of income and create long-term financial stability.

With the power of technology, anyone with specialized knowledge can turn their expertise into a thriving online coaching venture.

5 Best Online Coaching Platforms of 2023 - Teachfloor Blog

Platforms such as Zoom, Skype, and other video conferencing services make it easy to connect with clients worldwide.

Coaches can provide personalized advice from one-on-one sessions to group classes or workshops - from the comfort of their homes.

What's more, these services are usually offered at an affordable rate for clients making it even easier for coaches to find success with their side hustle.

Virtual Assistants

Virtual Assistants have gained popularity over the past few years, quickly becoming one of the most sought-after side hustles.

How To Become A Virtual Assistant in 2023 - The VA Handbook

With estimates projecting that Virtual Assistants will occupy up to 20% of the job market by 2023, now is a great time to jump into this lucrative field.

Becoming a Virtual Assistant can provide you with a flexible schedule and an excellent income potential.

Virtual Assistant Job Description [Updated for 2023] - Indeed

You can choose when and where you work and create a schedule that fits your lifestyle.

Not only do you get to enjoy the flexibility, but you also get to enjoy the satisfaction of helping people with their daily tasks while earning an income on your terms.

Plus, there are plenty of opportunities for growth in this field; many VAs start as freelancers and eventually, develop their skillset to become full-time contract employees or even entrepreneurs running their businesses.

Freelance Writing

The demand for quality content continues to skyrocket, creating numerous opportunities for freelancers to earn extra income.

Freelancers have the unique advantage of working from home or remotely with no set hours or deadlines, so it's easy to start and make money immediately.

What Is Freelance Writing? + 6 Tips To Get Started In 2023

Freelance writing may be just what you need if you're looking for extra money and don't have time to commit to a job outside your day-to-day routine.

5 Steps to becoming full time web3 content writer

There are plenty of online freelance writing platforms where you can find clients and courses that teach aspiring writers how to craft compelling copy or create content optimized for SEO.

Also, by 2023, more people will have access to blockchain technology and be able to benefit from it while also cashing out in cryptocurrency.

Web 3 freelancing can be an incredibly lucrative side hustle if you know how to market yourself correctly.

It requires knowledge of blockchain technology and understanding of how various cryptocurrencies work. Still, once you master those skills, you can quickly start finding clients willing to pay for your services with crypto.

Web3 writer for BULB is a fantastic opportunity for those seeking a side hustle that pays in crypto.

Domain Investing

Domain Investing is a lucrative side hustle. The industry is estimated to generate $80 billion by 2023, making it a great time to invest in domain names.

This can be an incredibly lucrative way of earning passive income for the savvy investor as there are potential significant returns.

How to Make Money With Domain Flipping in [2023]

With the recent rise in cryptocurrency and digital assets, domain names could soon become a viable asset class for investors.

W3DNA Review—How to Buy and Sell Crypto Domains | Bitcoinist.com

This is because domains can provide both long-term values through renewal fees and short-term profits from buyers willing to pay a premium for specific parts.

*W3DNA - DOMAIN, NAME & ACCOUNT in WEB 3.0

Furthermore, domain investing allows you to diversify your portfolio without putting large amounts of capital down at once, making it an attractive option for those with limited funds.

What's more, with the proper research and knowledge, you can get started immediately and see returns almost immediately too!

Social media

The social media manager is a fast-growing side hustle many will embrace in 2023. With the rise of web3 and blockchain technology, this career choice has become even more popular.

How to Have a Social Media Manager Side Hustle in 2023?

Social media managers are important in helping businesses transition their marketing strategy to include these new technologies while understanding how they can benefit their organization.

Those looking to become social media consultants must be up-to-date on the latest trends and technologies related to web3, blockchain, and marketing.

Phaver: Share-to-earn decentralized social platform

They must understand how these technologies can be leveraged for successful campaigns that reach customers across all platforms.

Consultants must be knowledgeable on analytics tools and strategies necessary for measuring success within each campaign.

Web 3 Community Manager

Are you looking for a side hustle to prepare for the Web 3 revolution of 2023? The future of blockchain technology is exciting and requires an entirely new set of tools and marketing strategies.

Community Management: A Beginner's Guide (2023) - Shopify

A Web 3 Community Manager can help facilitate this transition as the bridge between consumers and businesses seeking to capitalize on this revolutionary new platform.

How to Make Money With Web3 | 10+ Ways For Passive Income on Web3

As a Web3 Community Manager, your job will involve connecting businesses with their target customers through various web3 platforms while providing insights on optimizing their digital presence best.

6 Steps to becoming a full time web3 Community manager

You'll need strong communication skills to educate about web3 trends while creating engaging content that captures consumer attention.

Final Thought

Learning and having a side hustle are more critical than ever. It can provide additional income during times of recession and inflation, help improves skills, and give individuals a chance to gain experience with new kinds of work.

It's essential for those looking to stay ahead in an unpredictable economy to learn about the opportunities available for starting a side hustle.

With dedication and perseverance, those who take this route will be able to achieve their financial goals in 2023.