Nothing keeps you financially stable like having multiple sources of income. As an employee, your monthly salary can barely meet your needs, and even if it does, you would not have any savings left at the end of the day. Really, it can be frustrating doing the 9 to 5 every month for a whole year and having little or nothing to show for it.
On the other hand, having a side hustle business saves you from debts and all kinds of financial crises, but the question is have you got the side hustle ideas that would librate you.
If not, then you have come to the right post. In this piece, we will be discussing the 2023 side hustle ideas in the UK as well as how to start the business.
So, come along if you want to multiply your source of income
What Exactly is a Side Hustle?
The term side hustle’ has become a business buzzword, replacing ‘part-time business,’ and refers to launching a business while working your day job. Many people in the UK start a business as a side hustle because it eliminates the normal risks involved with entrepreneurship; you may preserve the security of a wage while giving yourself time to gain confidence and grow your firm.
Whether you’re strapped for cash, have a mortgage to pay, a family to support, or are simply terrified of failure, a side business is worth exploring. Needless to say, a side hustle is not about quitting your job right away to pursue entrepreneurship. Rather, it’s about earning extra money while having fun running a part-time business. Then, if your side hustle takes off, you can consider dropping the side and turning it into a full-time endeavour.
Most UK employers are open to employees exploring new ideas and beginning a side hustle as long as it does not conflict with the employer’s business and is done outside of working hours. Indeed, many organisations actively encourage employees to pursue a side hustle because it allows them to learn new and enterprising skills without the employer having to pay for it.
For example, Google is well-known for letting its employees spend 20% of their work time on their own projects. Facebook, LinkedIn, and Apple also have similar ‘20% policies, whereas Innocent Drinks promotes ‘intrapreneurship,’ allowing employees to spend 20% of their work time exploring new ideas.
What to Consider Before You Start a Side Hustle in UK
As important as having multiple sources of income sounds, it’s even more important to understand the effect your side hustle or second business has on you. In addition to exploring your business ideas in UK, here are four things you should consider before you start a side hustle
#1. What Side Hustle Will Make You Happy?
Next to lack of employment, the worst thing that can happen to a person is to have the wrong job. By “wrong job” I mean you either lack the skills to perform effectively or you have no passion for doing the job. Maybe you’re only in the wrong job because it pays well regardless. But now, you’re looking to explore the area of your speciality; where you’d have the satisfaction you seek
Your side hustle should be something you like doing in addition to your regular employment. It’s pointless, for example, to decide to be a virtual assistant handling someone else’s online admin if you can’t tolerate doing admin!
#2. How Much Do You Want to Earn From Side Hustle?
You’ll also need to decide how much money you want to make from your side hustle. And even whether you want to take it to the next level and try to make a full-time living from it. Consider this: how much additional money per month could truly make a difference in your life?
#3. How Mmany Hours are You Able to Devote to Your Side Hustle?
Consider how much time you can devote to your side hustle each week. This will give you an estimate of how much money you could make and how much potential development there is in the future.
#4. Costs of Start-up for Your Side Hustle
One important factor to consider is the expense of starting your side hustle. Is it affordable? You don’t have to start a side hustle from scratch. Others, on the other hand, can cost significantly more in terms of materials, equipment, and promotion. Consider how much money you have to begin with, and be certain that your venture will not fail before you’ve even gotten started with your first consumers.
Furthermore, sign up for the Thrifty Londoner 7 Day Money Making Course if you really want to dive in and figure out what the best side hustle idea is for you. You will also have access to an exclusive Facebook Group where you can interact with other people who are all working towards the same side hustle goals.
Advantages of Launching a Side Hustle Business
The way I see it, starting a second business does not come with too many setbacks except for the time factor. However, the following are the benefits that come with starting a side hustle
- Chance to do something you enjoy — As a side business, you can pursue a passion that you don’t get to focus on at work.
- Profits – One of the most appealing aspects of beginning a side hustle is the opportunity to earn extra money.
- Financial stability — You won’t run out of money because you’ll continue to receive your monthly wage. On the other hand, if you lose your full-time work, you will have the added security of your side hustle to fall back on.
- It’s time to put your theory to the test – You can test the market first and try new things to scale your business, leaving the door open if you wish to turn your side hustle into a full-time business.
- You don’t need workers or investors to create a side hustle. A side venture might become your child.
Top 2023 Side Hustle Business Ideas UK
There are too many side hustle business ideas in the UK one can start and eventually turn it into a full-time business. In this chapter, we would list some of the popular UK side hustle business ideas in 2023 that you should probably engage in.
#1. Social Media Manager
The first on the list of side hustle ideas to engage in the UK this 2023 is social media management. This trend has been a way of life for many individuals and businesses alike. If you are obsessed with social media, this is the job for you. If a business wants to be seen, it must have a digital presence, which includes social media because that is where its customers hang out.
Not only that, but social media management may be a time-consuming endeavour. A company requires someone to be the face of their organisation, to update their posts, reply to comments, and deal with or escalate any concerns that arise.
Social media management is a service that you might provide as a virtual assistant or as a stand-alone service. Again, you might advertise your services on sites such as People Per Hour and Upwork. LinkedIn is yet another excellent platform for promoting yourself and your company.
#2. Freelancing
Another one of the various side hustle business ideas in the UK is Freelancing. Businesses frequently outsource writing to freelancers since they may not have the demand to hire a writer full-time. Here’s where you come in. Create profiles on People Per Hour and Fiverr, then start hustling.
Freelancing isn’t doesn’t end with writers. If you have a skill or service that you can package and sell, you can charge for it, which might be one of the best UK side hustle ideas in 2023. Using markets like those listed above can be a fantastic way to get started and gain experience. They do, however, take a commission on the transaction, so keep this in mind while bidding and pricing jobs.
Alternatively, try reaching out to friends, relatives, acquaintances, local businesses, and so on and telling them what you have to offer and how you can assist them.
#3. Dog Walking
Dog walking is obviously confined to folks that enjoy dogs, therefore if you enjoy dogs, this is the side hustle for you! Getting into dog walking could be as simple as inquiring around your neighbourhood to see if anyone needs help caring for their dog.
However, there are companies that help link dog walkers with customers, such as Tailster.
#4. Social Media Influencer
Being a social media influencer is also one of the top 2023 side hustle business ideas in the UK. An influencer is someone who has a large social media or blog following and may use their notoriety to sell items. these could be their own products, products they’ve been paid to push through advertising or affiliate products.
Read More About Affiliate Market Here
There is a common misconception that in order to be an influencer, you must have millions of followers. On the contrary, people who have fewer than 10,000 followers on their social media networks can make good extra money on the side. The objective is to cultivate an audience that turns to you for guidance or knowledge on a specific topic. Also, the things you sell must be of interest to them.
When you think about influencers, you might think of parents on Instagram or fashionistas showing off their latest outfits. However, there are numerous other types of influences. They could be amusing, have tech knowledge, or offer advice on how to become an influencer!
Unfortunately, there are no assurances with this side hustle. The effort required to create a following is lengthy, and the rewards can be limited initially. Although, many people are making good money in this field, so it’s something to look at if you believe you can establish an engaged audience.
#5. Selling on eBay
Selling items from around the house on eBay can be a fantastic way to earn some additional money. It doesn’t have to end there, and many people are choosing the reseller method, which involves purchasing low-cost items or acquiring old goods and then reselling them for a profit.
It’s not only a smart method to make some additional money, but it’s also beneficial for the environment because it promotes the resale of used things rather than contributing to the mass production of fast fashion.
If you have a keen eye for a good deal, you could transform your purchases into extra cash. Car boot sales, charity shops, and online marketplaces such as Facebook are all locations you may go to find stuff for resale.
To better equip yourself and the customer, you’ll need a phone/tablet for taking images and submitting your ads, as well as a PayPal account for transactions.
#6. Become a Private Tutor
Speaking of having the wrong job, you probably enjoy tutoring as much but your current job doesn’t afford you that luxury. In an attempt to live out your passion, you have to make tutoring a side hustle that would fetch you extra cash. The good news is that becoming a private tutor does not require you to be a certified teacher. You will, however, need to be well-versed in the area you wish to teach to the point that you can assist students with their studies.
Private tutoring can take place in person, but it’s also possible to give private tuition sessions online, so it’s work you can do from the comfort of your own home!
Additionally, there are a number of companies that connect tutors with students. They usually have specific requirements that you must complete before they can hire you.
#7. Laundry
As I previously said, one of the factors to consider while looking into side hustle ideas in the UK is the time factor. Laundry can eat up a lot of your time, especially if you’re working. However, if you are one of the few people who truly like ironing, this is the perfect side hustle for you!
You can sign up with companies that will connect you with customers, or you can market your services locally.
Remember that if you are taking people’s clothes to be ironed or laundered, you are responsible for them, so you may want to consider purchasing insurance to avoid being caught off guard.
#8. Home Cleaning
This is one of the most reliable side hustle business ideas for 2023. According to the BBC, the cleaning sector in the UK is growing and is worth more than £55 billion. If you’re handy with a duster, this is unquestionably a great side hustle for you.
You can sign up for shifts with a firm that matches you with clients, or you can go it alone and work as a house or business cleaner.
As you get more involved in this side business, it’ll only be a matter of time before you turn it into full-time employment.
#9. Make and Sell Your Own Crafts
This is a fantastic side hustle if you have a talent for crafting jewellery or beautiful stuff for people’s homes. Before you can start making money, you’ll need to invest in the tools and materials you’ll need to manufacture your products.
Setting up an internet store on sites like Etsy is simple, or you can start an Instagram account to show off your work and take orders from there.
#10. Hairstyling
You’ll need training and qualification for this, but it gives you a lot of flexibility because you may choose your hours and how many clients you work with.
Hairdressers who operate for themselves can work from home or visit clients in their homes. Some people also rent out space in salons that already exist.
#11. Amazon Fulfillment by Amazon (FBA)
FBA is an acronym that stands for “Fulfillment by Amazon.” It implies you can sell products on Amazon’s marketplace and Amazon will handle the shipping.
People who produce their own things can use this as a side business. It’s fantastic because you get the benefit of Amazon’s massive user base when it comes to getting your products noticed. The logistics of getting your products to buyers are then handled by Amazon.
#12. Create Tutorial for Youtubers
Last but not least is creating a tutorial video on youtube. Every day, millions of people visit YouTube, and with the rise in popularity of smartphones, we are using video more than ever before.
Do you want to learn how to produce the ideal poached egg? Go to YouTube to find out more. Do you want to learn how to change a tyre? Go to YouTube and watch some videos.
If you’re an expert on a particular subject, make a video tutorial, and once you’ve attracted a large audience, you may monetize your videos with advertisements.
How to Start a Side Hustle UK
As seen above, there are numerous types of side hustle ideas available in the UK one can actually start in 2023, with something to suit everyone’s skills and interests. A side hustle is something that earns you extra money but is unlikely to replace a full-time job. Having said that, many side hustles can grow into full-time jobs!
To choose a side hustle that will work for you, consider your skills and how they might be applied to something that can generate you money. For example, if you’re very good at sewing, you may consider manufacturing embroidered items or offering tailoring services
Furthermore, consider something you’ve always been interested in and may possibly expand on by learning more about it. It’s also crucial to consider how you may leverage your existing connections with businesses, friends, and family to expand your side hustle.
To summarize, when exploring to start any side hustle or business ideas in the UK, keep in mind that if you are going to be self-employed and trading, you will need to register for self-assessment for tax purposes. Any additional income above your personal tax allowance must be taxed, so keep that in mind if you are currently employed.
FAQ’s On Side Hustle Ideas UK
What are the highest paid side hustles?
Proofreading.
Start A Blog.
Virtual Assistant.
Deliver with Postmates.
Transcribing.
Host with Airbnb.
Share Your Car.
Drive with Ridesharing Apps
Which of the following are the most profitable side hustles?
- A dropshipping company.
- Selling your handcrafted items.
- Designing and marketing your own work.
- As a freelancer, you can sell your services.
- Instructing an online course.
- Selling digital data items.
- Affiliate marketing.
How do I generate money as a side hustler in the UK?
The remaining top ten highest-paying side hustles
Making jewellery: around £530 per month (£17.66 per hour). Tailoring costs approximately £500 per month (£16.66 per hour). Blogger: around £450 per month (£15 per hour). Pet sitter/walker: around £430 per month (£14.33 per hour).
How do teenagers hustle?
Here are five side hustles recommended by professionals for youngsters.
Local company social media manager….
Etsy is a website where you may sell your crafts.
Sell your items on websites such as Poshmark or eBay.
Pet-sitting or dog-walking
Make your services available on Nextdoor or Facebook.
