In this chat, we will delve into the potential income for a variety of side hustles and discuss the various factors that can impact the income potential for these businesses. From freelancing in a high-demand field to starting an e-commerce store and everything in between, we will cover a wide range of options for individuals looking to start a side hustle. We will also examine the importance of researching the local market and considering factors such as skills and experience, location, and demand when determining the potential income that can be generated. Whether you are just starting out with a side hustle or are looking to expand an existing business, this chat offers valuable insights and information to help you make informed decisions about your financial goals.

I asked my team to research a few hard questions about side hustles and the income potentials. This article is a summary of what we discovered.

THE QUESTION: What are the top 10 side hustles to start in 2023?

Wait, before we start that, we need to better understand the top 10 side hustles in 2022… oh wait the data isn’t in yet (it’s only January 01, 2023), so we need to look at 2021 data.

What were the top 10 most lucrative side hustles in 2021?

(At the time of writing this, we are still compiling the 2022 data)

It’s difficult to determine the most lucrative side hustles in 2021 with certainty, as the income potential for a side hustle can vary greatly depending on a variety of factors such as the individual’s skills, location, and marketing efforts. Here are some side hustles that may have been popular and potentially lucrative in 2021:

Freelancing in a specific area, such as writing, graphic design, or social media management.
Providing online tutoring or language lessons through platforms like iTalki or Preply.
Renting out a room on Airbnb or a similar platform.
Starting an e-commerce store and selling products online.
Providing photography or videography services for events or businesses.
Selling handmade or unique products on Etsy or a similar platform.
Offering car washing or detailing services.
Doing odd jobs for neighbors or friends, such as yard work or home repairs.
Providing virtual assistance services to small businesses or entrepreneurs.
Starting a blog or YouTube channel focused on a particular topic, such as personal finance, cooking, or fashion.

Again, these are just a few examples of the many potential side hustles that could be lucrative in 2021. It’s important to choose a side hustle that aligns with your interests, skills, and resources.

What are the top 10 side hustles to start in 2023?

It’s difficult to predict with certainty what the top side hustles will be in 2023, as trends and consumer demands change over time. However, here are 10 side hustle ideas that have the potential to be successful in the future:

Starting a blog or YouTube channel focused on a particular topic, such as personal finance, cooking, or fashion.
Providing online tutoring or language lessons through platforms like iTalki or Preply.
Doing freelance work in a specific area, such as graphic design, writing, or social media management.
Renting out a room on Airbnb or a similar platform.
Offering pet-sitting or dog-walking services.
Providing photography or videography services for events or businesses.
Selling handmade or unique products on Etsy or a similar platform.
Offering car washing or detailing services.
Doing odd jobs for neighbors or friends, such as yard work or home repairs.
Providing virtual assistance services to small businesses or entrepreneurs.

These are just a few ideas, and there are many other potential side hustles to consider as well. It’s important to choose a side hustle that aligns with your interests, skills, and resources.

About the top 10 side hustle to start in 2023.

As the world continues to change and evolve, so do the opportunities for side hustles. A side hustle is a great way to make extra money, pursue a passion, and gain new skills. Here are the top 10 side hustles to start in 2023:

E-commerce store – With the proliferation of online shopping, starting an e-commerce store is a great way to reach a wide audience and sell products from the comfort of your own home. Consider specializing in a particular niche, such as sustainable fashion or natural beauty products.
Social media consultant – As businesses continue to increase their presence on social media, there will be a growing demand for social media consultants who can help them effectively reach and engage their audience. If you have experience with social media marketing and a strong understanding of the different platforms, this could be a lucrative side hustle.
Online tutor – With the shift towards remote learning, online tutoring has become increasingly popular. If you have a background in education or a particular subject area, consider offering your services to students in need of extra support.
Freelance writer – From blog posts to website content to marketing materials, businesses and individuals are always in need of well-written content. If you have a way with words, consider offering your services as a freelance writer.
Personal trainer – As people continue to prioritize their health and wellness, there will be a growing demand for personal trainers who can help them reach their fitness goals. If you have a background in fitness and a passion for helping others, this could be a rewarding side hustle.
Virtual event planner – With the rise of virtual events, there will be a need for skilled event planners who can help businesses and organizations create successful online events. If you have experience planning events and a knack for organization, this could be a great side hustle to consider.
Online course creator – If you have expertise in a particular subject area, consider creating an online course and selling it through platforms like Udemy or Teachable. This can be a great way to share your knowledge with a wider audience and make extra money on the side.
Graphic designer – From logos to social media graphics to print materials, businesses are always in need of high-quality visual content. If you have a background in graphic design and a strong portfolio, consider offering your services as a freelance graphic designer.
Airbnb host – If you have an extra room or a vacation home, consider renting it out on Airbnb or a similar platform. This can be a great way to make extra money and meet interesting people from all over the world.
Personal stylist – If you have an eye for fashion and a talent for helping others put together great outfits, consider offering your services as a personal stylist. You can work with clients in-person or remotely, offering style consultations and creating personalized looks for them.

These are just a few of the many side hustles that have the potential to be successful in 2023. Choose a side hustle that aligns with your interests, skills, and resources, and don’t be afraid to get creative and think outside the box.

What are the most lucrative side hustles to start in 2023?

This question and answers may seem similar to the two I posed earlier, but they do vary differently, based on the questions you ask and the data you research. But this will give a strong cross section, which you can then make assumptions and hand pick the best side hustle that meet your desires and your authentic self, so that you can be your best in an industry that is well matched with you and your goals and passions to give you the greatest chance of success in your job and side hustles.

It’s difficult to predict with certainty what the most lucrative side hustles will be in 2023, as trends and consumer demands change over time. However, here are a few ideas for side hustles that may have the potential to be lucrative in the future:

E-commerce store – With the proliferation of online shopping, starting an e-commerce store is a great way to reach a wide audience and sell products from the comfort of your own home. Consider specializing in a particular niche, such as sustainable fashion or natural beauty products.
Online tutor – With the shift towards remote learning, online tutoring has become increasingly popular. If you have a background in education or a particular subject area, consider offering your services to students in need of extra support.
Freelance writer – From blog posts to website content to marketing materials, businesses and individuals are always in need of well-written content. If you have a way with words, consider offering your services as a freelance writer.
Personal trainer – As people continue to prioritize their health and wellness, there will be a growing demand for personal trainers who can help them reach their fitness goals. If you have a background in fitness and a passion for helping others, this could be a rewarding side hustle.
Virtual event planner – With the rise of virtual events, there will be a need for skilled event planners who can help businesses and organizations create successful online events. If you have experience planning events and a knack for organization, this could be a great side hustle to consider.
Online course creator – If you have expertise in a particular subject area, consider creating an online course and selling it through platforms like Udemy or Teachable. This can be a great way to share your knowledge with a wider audience and make extra money on the side.
Graphic designer – From logos to social media graphics to print materials, businesses are always in need of high-quality visual content. If you have a background in graphic design and a strong portfolio, consider offering your services as a freelance graphic designer.
Airbnb host – If you have an extra room or a vacation home, consider renting it out on Airbnb or a similar platform. This can be a great way to make extra money and meet interesting people from all over the world.
Personal stylist – If you have an eye for fashion and a talent for helping others put together great outfits, consider offering your services as a personal stylist. You can work with clients in-person or remotely, offering style consultations and creating personalized looks for them.
Food delivery driver – With the rise of food delivery services, there is a growing demand for drivers to deliver food to customers. If you have a reliable vehicle and a clean driving record, this could be a convenient and potentially lucrative side hustle.

Again, these are just a few examples of the many potential side hustles that could be lucrative in 2023. It’s important to choose a side hustle that aligns with your interests, skills, and resources.

What are the top 3 most profitable side hustles?

It’s difficult to determine the most profitable side hustles with certainty, as the income potential for a side hustle can vary greatly depending on a variety of factors such as the individual’s skills, location, and marketing efforts. That being said, here are a few ideas for side hustles that may have the potential to be profitable:

Freelancing in a high-demand field, such as software development, web design, or online marketing.
Starting an e-commerce store and selling products online, especially if you are able to specialize in a particular niche with a loyal customer base.
Providing high-end services, such as personal styling or consulting, to a select group of clients.

It’s important to note that the most profitable side hustle for one person may not necessarily be the most profitable for another. It’s important to choose a side hustle that aligns with your interests, skills, and resources, and to be willing to put in the time and effort to market and grow your business.

What sort of money can I make in these 3 (above) industries?

The income potential for a side hustle can vary greatly depending on a variety of factors such as the individual’s skills, location, and marketing efforts. Here are some general estimates for the income potential of the three side hustles I mentioned:

Freelancing in a high-demand field – The income potential for freelancers can vary widely depending on the specific field and the individual’s skills and experience. Some high-demand fields, such as software development and web design, may have higher rates for services compared to other fields. It’s also important to consider factors such as the individual’s location, the type of clients they are able to attract, and the number of hours they are able to devote to their side hustle.
Starting an e-commerce store – The income potential for an e-commerce store can also vary greatly depending on a variety of factors such as the products being sold, the target market, and the individual’s marketing efforts. Some stores are able to generate significant profits, while others may only generate a small amount of income.
Providing high-end personal services – The income potential for providing high-end personal services, such as personal styling or consulting, can also vary widely depending on the specific services being offered and the individual’s skills and experience. It may be helpful to research rates in the local market and consider factors such as the individual’s location and target clientele when determining pricing for services.

It’s important to note that these are just estimates, and the actual income potential for any of these side hustles may be higher or lower depending on the specific circumstances.

Some Income examples and info for some of the most popular side hustles.

YOUTUBER: The income potential for a YouTuber can vary greatly depending on a variety of factors such as the individual’s channel size, content, and engagement with their audience. According to data from Google, the average YouTuber can make anywhere from $0 to $5,000 per month, with the top 1% of creators earning the majority of the revenue.

There are several ways that YouTubers can make money, including through advertising revenue, sponsorships, and merchandise sales. Advertisers pay YouTube to display ads on the platform, and YouTubers earn a portion of the revenue from these ads based on the number of views their videos receive. Sponsorships involve a company paying a YouTuber to promote their products or services, and merchandise sales involve YouTubers selling items such as t-shirts, hats, and other products with their branding on them.

It’s important to note that the income potential for a YouTuber can vary significantly, and many YouTubers may not make a significant amount of money from their channel. It can take a lot of time, effort, and persistence to build a successful YouTube channel, and it’s important to be realistic about the potential income that can be generated.

FREELANCE WRITER: The income potential for a freelance writer can vary greatly depending on a variety of factors such as the individual’s skills and experience, the type of writing they do, and the clients they are able to attract. Freelance writers may charge an hourly rate or a flat fee for their services, and rates can vary significantly depending on the specific project and the individual’s level of experience.

According to data from the Bureau of Labor Statistics, the median hourly wage for writers and authors was $24.98 (hourly) in 2021. However, this is just a general estimate, and the actual income potential for a freelance writer may be higher or lower depending on the specific circumstances. It may be helpful to research rates in the local market and consider factors such as the individual’s skills and experience, location, and target clientele when determining pricing for services.

EVENT PLANNER: The income potential for an event planner can vary greatly depending on a variety of factors such as the individual’s skills and experience, the type of events they plan, and the clients they are able to attract. Event planners may charge an hourly rate or a flat fee for their services, and rates can vary significantly depending on the specific project and the individual’s level of experience.

According to data from the Bureau of Labor Statistics, the median annual wage for meeting, convention, and event planners was $49,370 in 2021. However, this is just a general estimate, and the actual income potential for an event planner may be higher or lower depending on the specific circumstances. It may be helpful to research rates in the local market and consider factors such as the individual’s skills and experience, location, and target clientele when determining pricing for services.

GRAPHIC DESIGNER: The income potential for a graphic designer can vary greatly depending on a variety of factors such as the individual’s skills and experience, the type of work they do, and the clients they are able to attract. Graphic designers may work as employees for a company or as freelance contractors, and their income may be based on an hourly rate or a salary.

According to data from the Bureau of Labor Statistics, the median annual wage for graphic designers was $52,110 in 2021. However, this is just a general estimate, and the actual income potential for a graphic designer may be higher or lower depending on the specific circumstances. It may be helpful to research salaries in the local market and consider factors such as the individual’s skills and experience, location, and type of employer when determining the potential income that can be generated.

AIRBNB HOST: The income potential for an Airbnb host can vary greatly depending on a variety of factors such as the individual’s location, the type of property they are renting, and the demand for rentals in the area. Airbnb hosts typically earn a percentage of the rental price for each booking, and the amount of money they make will depend on the number of bookings they are able to secure and the rate they are able to charge for their property.

It’s difficult to determine the average income for an Airbnb host, as the income potential can vary significantly depending on the specific circumstances. Some Airbnb hosts may make a significant amount of money, while others may make only a small amount. It may be helpful to research the demand for rentals in a particular area and consider factors such as the type of property being rented, the location, and the rate being charged when determining the potential income that can be generated.

FOOD DELIVERY DRIVER: The income potential for a food delivery driver can vary greatly depending on a variety of factors such as the individual’s location, the demand for food delivery in the area, and the type of platform they are working for. Food delivery drivers typically earn a percentage of the delivery fee for each order, and the amount of money they make will depend on the number of orders they are able to complete and the rate they are able to charge for their services.

It’s difficult to determine the average income for a food delivery driver, as the income potential can vary significantly depending on the specific circumstances. Some food delivery drivers may make a significant amount of money, while others may make only a small amount. It may be helpful to research the demand for food delivery in a particular area and consider factors such as the type of platform being used, the location, and the rate being charged when determining the potential income that can be generated.

UBEREATS DRIVER: The income potential for a Uber Eats driver can vary greatly depending on a variety of factors such as the individual’s location, the demand for food delivery in the area, and the number of hours they are able to work. Uber Eats drivers typically earn a percentage of the delivery fee for each order, and the amount of money they make will depend on the number of orders they are able to complete and the rate they are able to charge for their services.

According to Uber, the average Uber Eats driver in the United States earns around $20 per hour before expenses. However, it’s important to note that this is just an estimate, and the actual income potential for a Uber Eats driver may be higher or lower depending on the specific circumstances. It may be helpful to research the demand for food delivery in a particular area and consider factors such as the location and the rate being charged when determining the potential income that can be generated.

UBER DRIVER: The income potential for a Uber driver can vary greatly depending on a variety of factors such as the individual’s location, the demand for rides in the area, and the number of hours they are able to work. Uber drivers typically earn a percentage of the fare for each ride, and the amount of money they make will depend on the number of rides they are able to complete and the rate they are able to charge for their services.

According to Uber, the average Uber driver in the United States earns around $25 per hour before expenses. However, it’s important to note that this is just an estimate, and the actual income potential for a Uber driver may be higher or lower depending on the specific circumstances. It may be helpful to research the demand for rides in a particular area and consider factors such as the location and the rate being charged when determining the potential income that can be generated.

SKIP THE DISHES DELIVERY: The income potential for a Skip the Dishes driver can vary greatly depending on a variety of factors such as the individual’s location, the demand for food delivery in the area, and the number of hours they are able to work. Skip the Dishes drivers typically earn a percentage of the delivery fee for each order, and the amount of money they make will depend on the number of orders they are able to complete and the rate they are able to charge for their services.

It’s difficult to determine the average income for a Skip the Dishes driver, as the income potential can vary significantly depending on the specific circumstances. Some Skip the Dishes drivers may make a significant amount of money, while others may make only a small amount. It may be helpful to research the demand for food delivery in a particular area and consider factors such as the location and the rate being charged when determining the potential income that can be generated.

PERSONAL MOBILE AUTO DETAILING: The income potential for a mobile auto detailing business can vary greatly depending on a variety of factors such as the individual’s location, the demand for auto detailing services in the area, and the number of clients they are able to attract. Mobile auto detailing businesses typically charge a fee for their services, and the amount of money they make will depend on the number of clients they are able to serve and the rate they are able to charge for their services.

It’s difficult to determine the average income for a mobile auto detailing business, as the income potential can vary significantly depending on the specific circumstances. Some mobile auto detailing businesses may make a significant amount of money, while others may make only a small amount. It may be helpful to research the demand for auto detailing services in a particular area and consider factors such as the location and the rate being charged when determining the potential income that can be generated.

TL:DR

In this conversation, we discussed the potential income for a variety of side hustles, including freelancing in a high-demand field, starting an e-commerce store, providing high-end personal services, creating online courses, event planning, virtual event planning, graphic design, Airbnb hosting, food delivery, Uber Eats and Uber driving, and mobile auto detailing. We also discussed the various factors that can impact the income potential for these side hustles, such as the individual’s skills and experience, location, demand for the service, and marketing efforts. It was noted that the actual income potential for any of these side hustles can vary significantly and may depend on a variety of circumstances.

To sum it all up. Reality is this…

If you are passionate and authentic with good intentions and intense work ethics, you can do what you love and make an incredible life. Notice I said an incredible life? I mean exactly that. It is not always how much you make, more about how much you keep and create experiences with the ones you love. More importantly, keep a healthy work/life/health balance.

If you have $1 million in the bank, but you worked so hard you are sick and dying with no time and nobody you love to spend time with.. You are poor… quite literally you are BROKE.

Think about that as you plan your future job and side hustles.

Be EMPOWERED!