New side hustles emerge constantly, leaving many people wondering which might be worth exploring. In fact, the number of side hustle ideas available has grown so much that it can feel overwhelming to know where to start. Based on research and analysis, this post identifies 10 lucrative side hustles that stand out among the rest in 2022. Each of these opportunities is projected to grow rapidly in demand over the coming years for a variety of reasons – from an increasing interest in creating businesses that cater to personal interests to increases in telecommuting and online services that make it easier than ever before to monetize personal interests without sacrificing personal time.
Tutoring
As the internet and technological advancements continue to permeate nearly all aspects of our lives, students’ needs for instruction and assistance in understanding complex topics will also increase. Many of the issues that students will need help with in the coming years will be side hustle ideas that are well suited for tutoring, including computer programming, data analytics, and artificial intelligence. As students across the country continue to pursue data and computer science fields, the need for qualified tutors to help guide students through these subjects will also increase. In fact, the Bureau of Labor Statistics anticipates that the demand for tutors will see a 15% increase between 2016 and 2026, making it one of the fastest-growing side hustles available.
Content Creator
With the explosion of online content and digital marketing, the need for high-quality content is at an all-time high. As a result, businesses are increasingly looking to outsource this work to third-party content creators. In fact, content creation is expected to see a 38% jump in demand over the next decade. As the demand for content grows, businesses are likely to explore new ways to source this work. This could include the emergence of open platforms that allow content creators to connect with potential clients directly, much like the rise of freelance work platforms like Upwork allowed businesses to communicate with remote workers.
Blogging
Blogs are an excellent way for individuals to pursue their passions and interests while building an income stream. In fact, many individuals leverage their blogs to supplement their full-time salaries. With the increase in businesses seeking cost-effective ways to market their products and services, demand for blogging services is expected to grow. The growing popularity of blogging among individuals has also led to the rise of blogging conferences and events. As blogging conferences and events grow in popularity, businesses seeking to advertise and purchase advertising and sponsorship opportunities at these events will also increase, providing another avenue for individuals to monetize their blogging efforts.
Another option many people have seen success with is creating their own printable you can offer for sale. For example, for email sign-ups, you can provide a free printable related to your audience niche and then direct them to sales of other products you may have, such as ebooks, planners, clothing and more.
Instacart
Instacart is a service that allows individuals to shop for groceries and other goods on behalf of grocery stores and retail outlets, enabling the stores to provide customers with a hands-free shopping experience while improving their own efficiency. As the service continues to grow in popularity, the number of orders placed through the service is expected to increase, creating an excellent opportunity for individuals to earn money on their own schedule by using their own means of transportation.
The best part is you won’t be out of pocket when paying for the goods on behalf of customers as Instacart offers you various payment methods. Plus, it is one of the quickest ways to make money on this list as you can earn instantly, with some Instacart users reporting they make up to $400 per day, but typically, you can expect to earn around $100 per day.
Virtual Assistant Services
Virtual assistant services are an excellent way for individuals to earn money from side hustles while helping others manage their own time and schedules. Many businesses have come to rely on virtual assistants to assist with various day-to-day tasks, including administrative work, scheduling, research, and more. Virtual assistant services are projected to see a 49% increase in demand over the next decade, making it one of the best side hustles for individuals who want to earn money helping others while managing their own schedules.
Freelance Writing
With the increase in content creation, the demand for freelance writing services is also expected to increase in the coming years. This growth in demand will come as more businesses hire freelance writers to produce high-quality content that can be used in various ways, from website content to marketing materials. As more companies seek to outsource their content creation, demand for freelance writing services will increase, creating a lucrative opportunity for individuals with the writing skills to put their expertise to use.
Dropshipping
Dropshipping is a retail model in which sellers do not stock or own the products they sell. Instead, sellers take an order from a customer, purchase the item on the customer’s behalf, and then have the purchased item shipped directly to the customer. This retail method allows businesses to avoid the upfront costs of stocking and storing inventory while allowing sellers to offer various products to customers. As online shopping continues to grow in popularity, demand for dropshipping services is also expected to grow.
Freelance Consulting
Consulting services have become increasingly popular in recent years, especially among individuals who have expertise in specific fields and want to work remotely. Freelance consulting is a method of consulting in which individuals contract their services to businesses as needed, often through online platforms. Demand for freelance consulting is expected to increase as companies look for cost-effective ways to improve their operations, making it one of the best side hustles for individuals with expertise in various fields.
Editing and Proofreading
As the internet continues to grow and more businesses expand their marketing efforts to include online content, the demand for editing and proofreading services is also expected to increase. The Bureau of Labor Statistics expects demand for editing and proofreading services to grow by at least 8% over the next decade. This growth in demand will likely be driven by businesses that are producing their content in-house but need assistance reviewing and editing their work before publication. As online content continues to grow in popularity, editing and proofreading services will become increasingly necessary.
Translator
As the number of international businesses continues to increase, there will be a growing demand for translation services, making it one of the best side hustles for individuals with language skills. As the internet continues to grow and digitalization expands into new industries, the need for translation services is also expected to increase. As businesses expand into other countries, they will need assistance translating their materials for those regions. This will allow individuals to use their language skills to earn money and help businesses reach a wider audience.
Summary
As technology continues to advance and grow in prominence, the number of side hustles that fit into this list will increase. With that said, the side hustles we’ve highlighted are expected to grow in demand much higher than others, making them excellent choices for those looking for a new way to earn money. Now is the time to start if you’re interested in these side hustles. With some research and exploration, you can find a side hustle that works well with your schedule while still allowing you to earn extra cash each month.
*Collaborative Post