3 promising hustles for 2023, and they’re not delivery jobs

In a time of economic uncertainty, Gen Z, Millennials and Generation X are increasingly taking control of their financial future.

And their go-to method – the side hustle – is evolving.

In 2022, two in five Americans had an additional stream of income, according to a survey by The Harris Poll and workflow integration company Zapier. As the gig economy has been made famous by companies like Uber, Doordash and other delivery services, secondary scammers are moving from ‘blue-collar work’ to ‘high-end and specialized’ opportunities, says the journalist and secondary agitation expert Kathy Kristof.

“Five years ago, the big stories were about Uber and Lyft drivers or delivery for DoorDash and GrubHub,” Kristof, founder and editor of SideHusl.com, told CNBC Make It. “Now the big growth is really about professional platforms where people can earn six-figure incomes from home, doing everything from marketing to law.”

She adds that part of the change could be because platforms like Uber and Lyft are “taking way too much of your income.”

The platforms do not publicly share what drivers earn per trip. But Uber and Lyft drivers have complained that the cost of fees and other expenses associated with driving on these platforms can make it difficult to make ends meet, and regulators have pushed the companies to increase driver pay.

Kristof says ridesharing and delivery platforms are worth ditching for another reason: Skilled labor has all the benefits of a typical side hustle, but now you can make even more money from things you already have at your disposal, like skills and assets, Kristof says.

“Think of yourself as your biggest investment,” says Kristof. “If you do this, your skills will always be in demand because you will be better [than competitors].”

In other words, you can use your existing skills to “become a specialist” and stand out. To start, here are the three most promising side hustles of 2023, according to Kristof:

Sell ​​your skills and knowledge

Many people make money selling what they already know, according to Kristof.

The numbers prove she’s right. In 2022, more than half of freelancers, or about 31 million people, provided “knowledge services”, according to freelance platform Upwork. This includes consulting in areas such as computer programming, marketing, IT and business.

One option is online tutoring, with Kristof noting that platforms like Lessonface, Wyzant and Outschool will remain in demand for 2023 because “kids have fallen behind during the pandemic” and many of these students are still catching up on their studies.

But you can also educate people about the skills you’ve learned outside of the classroom. Comparing the first six months to the last of 2022, Fiverr saw a 73% increase in searches for “TikTok video editing”, indicating that these social media skills are increasingly in demand as more and more companies are building a presence on the platform, a company spokesperson said. CNBC Do it.

While most secondary scammers are millennials and Gen Zers, according to the Harris Poll and Zapier survey, Kristof says retirees are also joining the movement. After illustrious careers, baby boomers realize that they can still capitalize on their expertise, even if they no longer go to the office.

According to the same survey, 22% of baby boomers, who are between the ages of 58 and 76, currently have hustles.

“Retirees step in,” says Kristof. “And instead of doing it for free like before, they’re getting paid hundreds of dollars an hour just to share their contacts, accumulate information, and give people good ways to solve problems.”

Medical care

This category is a dual result of the pandemic: people couldn’t go to work in hospitals with active Covid-19 infections, and nurses and doctors burned out working longer hours. A global survey conducted by Elsevier Health found that almost a third of healthcare workers in the United States plan to leave their current jobs within the next two to three years. About one in five planned to retire, while 13% planned to leave healthcare altogether.

The result is a big gap in the healthcare industry, so Kristof predicts that side hustlers or other part-timers from all walks of life will have to step in.

“Now there is a huge need for nurses, doctors and lab technicians,” says Kristof. “There is also a huge need for nursing specialists with and without degrees: people who are patient and kind and willing to work with people who need physical and emotional help.”

Some healthcare platforms for secondary scammers include ConnectRN, which hires nurses, clinicians, technicians and assistants to fill vacancies in medical facilities, and Trusted Health, which connects nurses to temporary positions in medical facilities. understaffed hospitals and offices.

But you don’t need a specialized degree to be a goalkeeper. There are also non-medical opportunities available on TaskRabbit and Care, according to Kristof’s website, Sidehusl.com.

Monetize what you already own

This is Kristof’s favorite type of hustle, partly because she tried it herself. She says renting high-value items or real estate can be a quick way to earn passive income.

In the past, she’s used Giggster, a platform where you can rent your house by the hour to film, TV, or advertising producers. Kristof says she made $1,455 from being out of the house for a day.

Renting your home on Airbnb continues to be a proven passive income opportunity — but several platforms have dubbed themselves the equivalent for cars or boats. You can rent any make or model on Turo and Boatsetter. Some also rent out their pools or backyards for parties and events — or even as temporary dog ​​parks, like on Sniffspot.

But Kristof advises to stay away from renting smaller items: “You can also rent your carpet cleaner or power tools. But to me that doesn’t make much sense because the amount you earn to rent them isn’t really enough’ to maintain a profit.

Side hustle trends continue to change, Kristof says, especially as self-employed people better understand their rights and the most effective ways to earn money. As specific platforms become more popular, different services can become a commodity, which means secondary scammers may have to pivot multiple times in their careers, she says.

Beyond staying flexible and open-minded, the best way to stay on top of how to make extra money fast is to pay attention to social media and look for new creative ways to build business and income.

“It’s a matter of keeping an eye out,” she says. “As we move forward, we’ll find that the gig economy is going to treat people better and give them something closer to employees or wages.”

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