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Top Strategies to Earn Extra Income in 2023

Discover top strategies to earn extra income in 2023, including freelancing, blogging, and more. Start boosting your earnings today!

13 min read

4 months ago

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Are you looking for ways to make some extra money in 2023? Whether you want to save for a vacation, pay off debt, or just have a bit more spending money, there are plenty of options out there. From freelancing to running ads, these strategies can help you boost your income without too much hassle. Let's dive into some of the best ways to earn extra cash this year!

Key Takeaways

  • Freelance writing can be a flexible and profitable way to earn extra income.
  • Delivering for DoorDash allows you to make money on your own schedule.
  • Proofreading is a great option if you have a keen eye for detail.
  • Bookkeeping services are in demand and can be done remotely.
  • Starting a blog can generate income through ads and affiliate marketing.

Freelance Writing

Freelance writing is a versatile way to earn extra income. It includes various tasks such as:

  • Marketing campaigns
  • Blog posts
  • Email newsletters
  • Online and print articles
  • Catalog descriptions
  • Ghostwriting
  • Web copy
  • Grant writing
  • Technical writing
  • Content mills
  • Resumes

Freelance writing jobs have seen a significant rise in demand, with listings up by 58% in the second quarter of 2023. While AI tools are becoming more common, they can't replace human writers entirely. Companies need writers who can edit AI-generated content and understand basic SEO principles.

Getting Started

  1. Create a Profile: Sign up on platforms like Upwork, Fiverr, or Freelancer.com. Note that Upwork may take up to 48 hours to approve your profile.
  2. Build a Portfolio: Start by writing samples to showcase your skills.
  3. Apply for Jobs: Look for jobs that match your expertise and start applying.

Payment

  • Upwork: Payment depends on the contract type. Hourly contracts have a weekly billing cycle, and funds can be withdrawn 10 days later. Fixed-price contracts have a five-day waiting period.
  • Fiverr: Payment is made when the work order is complete, but funds can't be withdrawn for 14 days.

Requirements

  • Must be at least 18 years old to sell work on Upwork and Fiverr. Freelancer.com requires users to be at least 16.
  • Some sites may require you to be a U.S. citizen or permanent resident.
Freelance writing can be a lucrative side hustle, with some freelancers earning $100 an hour or more. It may take time to land your first gig, but persistence pays off.

Deliver for DoorDash

Delivering for DoorDash is a flexible way to earn extra income in 2023. You can set your own schedule and work as much or as little as you want. Here’s what you need to know to get started:

  • Requirements: You need a reliable mode of transportation, which could be a car, scooter, or bike, depending on your city. A smartphone is also necessary to accept and manage deliveries.
  • Age: You must be at least 18 years old.
  • Background Check: A background check is required and can take a few days to complete.

How to Get Started

  1. Sign Up: Download the DoorDash app and complete the sign-up process, which includes providing your personal information and agreeing to a background check.
  2. Get Approved: Once your background check is cleared, you’ll receive an approval notification.
  3. Start Dashing: Log into the app, set your availability, and start accepting delivery requests.

Payment

  • Earnings: You get paid per delivery, and you can also earn tips. DoorDash offers peak pay and other incentives to help you earn more.
  • Payment Frequency: Payments are typically issued weekly, but you can also use Fast Pay to cash out daily for a small fee.
DoorDash is a great option if you’re looking for a side hustle that offers flexibility and the potential to earn quickly. Just be mindful of the wear and tear on your vehicle and the varying income.

Proofreading

Proofreading is a fantastic way to earn extra income, especially if you have a keen eye for detail. As a proofreader, you'll be responsible for polishing written content for bloggers, content writers, website owners, and more. This job is perfect for teachers, detail-oriented individuals, and those who prefer working from home.

Key Points to Consider

  • Skills Needed: Excellent grammar, spelling, and punctuation skills.
  • Flexibility: Work from anywhere, anytime.
  • No Degree Required: You don't need specialized training to get started.

How to Get Started

  1. Assess Your Skills: Make sure you have a strong grasp of grammar and punctuation.
  2. Take a Course: While not required, a course can help you hone your skills and increase your confidence.
  3. Find Jobs: Look for proofreading jobs on freelance websites or job boards.
  4. Build a Portfolio: Start with small projects to build your portfolio and gain experience.
Proofreading offers a flexible and rewarding way to make extra money, especially if you enjoy reading and have a knack for catching errors. With minimal startup costs and the ability to work from home, it's an excellent option for many people.

Income Potential

The amount you can earn as a proofreader varies, but many make between $15 to $50 per hour, depending on their experience and the complexity of the work. Some proofreaders even make a full-time income by taking on multiple clients.

Tips for Success

  • Stay Updated: Keep up with changes in grammar rules and style guides.
  • Use Tools: Utilize proofreading tools to catch errors you might miss.
  • Network: Join proofreading groups and forums to connect with other professionals and find job opportunities.

Bookkeeping

Freelance bookkeepers assist business owners by recording and managing daily financial transactions. This can include tasks like paying bills, managing payroll, and collecting payments. Bookkeeping is different from accounting and doesn't require a degree!

Bookkeepers should be familiar with popular financial software like QuickBooks and know how to read and create balance sheets. The pay typically ranges from $20 to $40 per hour.

  • How long to make money: You can start earning as soon as you land your first client, which usually takes about a month.
  • How easy to start: It's easy to start, but building a client base can take some time.
  • Age minimum: Generally 18+, but this can vary by site.
  • When you're paid: Payment schedules vary based on your client; it could be weekly, monthly, or upon completion of work.
  • Income potential: $20-$40 per hour.
Bookkeeping is a great way to earn extra income, especially if you enjoy working with numbers and have good organizational skills.

Run Facebook and Instagram Ads

Running Facebook and Instagram ads is a fantastic way to earn extra income in 2023. This method is in high demand, flexible, and scalable. By creating and managing ad campaigns for small businesses, you help them grow by reaching new clients on the world's largest social media platforms.

You can expect to make between $1,000 and $1,500 per month per client, and it typically takes about 2-3 hours per week once their ad system is set up. You don't need prior marketing or advertising experience to get started. There are plenty of online resources and courses that can teach you the necessary skills.

Key Points

  • Time to Make Money: Varies, but it can be from 1 week to 3 months.
  • Ease of Start: Easy once you know how to run ads.
  • Age Minimum: 18 and older, but Facebook only requires you to be 13 to create an account.
  • Payment Frequency: Weekly or monthly, depending on the client.
  • Income Potential: $1,000 to $1,500 per month per client.
Running ads on Facebook and Instagram is not just about making money; it's about helping businesses grow and succeed. With the right skills, you can turn this into a lucrative side hustle.

Start a Blog

Blogging is a fantastic way to earn extra income if you love writing and sharing your thoughts. You can work from home, be your own boss, and grow your blog at your own pace. Here’s how to get started:

  1. Choose a Niche: Pick a topic you are passionate about, like travel, food, or fashion.
  2. Set Up Your Blog: Use platforms like WordPress, Wix, or Squarespace. Expect to spend $50 to $100 per year for a basic setup.
  3. Create Quality Content: Regularly post engaging and informative content to attract readers.
  4. Monetize Your Blog: You can earn money through ads, affiliate marketing, or selling products and services.
Blogging can take time to generate income, but with dedication, it can become a significant source of revenue. Start small, stay consistent, and watch your blog grow.

Take Online Surveys

Taking online surveys is a simple way to earn some extra cash in your free time. Many marketing research companies are willing to pay for your opinion on various products and topics. You won't get rich doing this, but it's an easy way to make a few bucks here and there.

Here are some popular survey sites to consider:

  • Swagbucks: Earn up to $35 per survey and get a $10 bonus just for signing up!
  • Survey Junkie: Take 3 surveys a day and earn up to $100 a month.
  • KashKick: Get paid to answer surveys, test games, and try new products.
  • Product Report Card: Get notified about higher-paying product tests, clinical trials, and online focus groups.
  • American Consumer Opinion: Join millions of free members and earn up to $50 per survey.
  • InboxDollars: Get a $5 bonus just for signing up!
Many survey platforms, like InboxDollars, offer users the chance to earn cash by taking surveys, playing games, shopping online, and reading emails. Members can receive a $5 signup bonus and enjoy cashback rewards for grocery shopping and other activities.

To get started, create an online account and connect a PayPal, Venmo, or CashApp account for payment. Then, search and sign up for surveys that interest you via an app or online dashboard. If selected, complete the questionnaire or project and typically get paid within a few days. Most surveys pay $2 to $10 for a few minutes of your time, while others pay upwards of $100 for in-depth product reviews or questionnaires.

Get Cash Back on Gas

Gas prices can be tough on the wallet, but there's a way to ease the pain. One of the simplest methods to earn extra money is by getting cash back on gas purchases. Here's how you can do it:

  1. Download a Cash-Back App: Apps like Upside make it easy to earn cash back every time you fill up your tank. Simply download the app and sign up.
  2. Make a Purchase: Use the app to find participating gas stations. Fill up your tank as usual.
  3. Earn Cash Back: After your purchase, upload your receipt to the app. You'll earn cash back, which you can later withdraw.

Key Points

  • How long to make money: You can cash out once you've earned $10 in cash back.
  • How easy to start: Super easy, just download the app.
  • Age minimum: Old enough to buy gas.
  • When you’re paid: You can cash out when you reach $10 in cash back, or pay $1 to cash out for a lesser amount.
  • Income potential: Upside estimates that you can make an extra $180 per year.
This is a passive way to earn extra money. You're not doing any extra work—just buying gas as you normally would.

Earn Cash Back at the Grocery Store

Feeling the pinch at the grocery store? Why not earn some extra money while you shop? The Ibotta app is designed to help you get cash back every time you make a purchase. You can earn up to 30% cash back at thousands of top retailers like Walmart, Costco, and Kroger.

Here's how to use the Ibotta app to make extra money:

  • In-store shopping: Browse the app to find offers at your favorite stores, shop as usual, then take a picture of your receipt and upload it to the Ibotta app.
  • Online shopping: Visit your favorite store through the Ibotta app and automatically earn cash back.

Once you have $20 in your Ibotta account, you can withdraw the money to your bank, PayPal, or get gift cards. There's no cost to cash out.

This is a simple and effective way to make some extra money without changing your shopping habits.

Key Points

  • How long to make money: You can cash out when you have $20 in your account, which can take a couple of weeks to a month.
  • How easy to start: Super easy, just download the app and start shopping.
  • Age minimum: 18+
  • When you’re paid: You can cash out via bank transfer, PayPal, or gift card when you have $20 in your account.
  • Income potential: The average Ibotta user makes $10-$20 per month.

Rent Out Your Space

Renting out your space can be a great way to earn extra income with minimal effort. Whether you have a spare room, a garage, or even just some extra storage space, there are plenty of opportunities to make money.

Types of Spaces to Rent

  1. Spare Rooms: Renting out a bedroom can earn you between $36 to $140 per month.
  2. Closets: Even small spaces like closets can bring in $13 to $153 per month.
  3. Garages: A garage can be rented out for $125 to $600 per month.
  4. Self-Storage Units: These can earn you $21 to $80 per month.
  5. Parking Spaces: Renting out a parking space can bring in $50 to $300 per month.

Advantages

  • Steady Income: Renting out your space can provide a consistent monthly income.
  • Low Maintenance: Storing items usually requires less upkeep compared to renting out living spaces.
  • Flexibility: You can set your own terms and conditions.

Disadvantages

  • Vacancies: There may be times when your space is not rented out, leading to a loss of income.
  • Liability: You are responsible for the safety and security of the stored items.
  • Space Limitations: Your income potential is directly tied to the amount of available space.

Tips for Success

  1. Research Local Laws: Make sure you understand the local rental laws and regulations.
  2. Create a Detailed Lease: Outline the terms, including rent payments, security deposits, and maintenance responsibilities.
  3. Maintain the Space: Keep the area clean and well-lit to attract and retain renters.
Renting out your space is a simple and effective way to make extra money. With the right approach, you can turn unused areas into a steady income stream.

Wrapping Up: Your Path to Extra Income in 2023

In 2023, there are countless ways to boost your income, whether you're looking to pay off debt, save for a special purchase, or just have a bit more financial freedom. From delivering food and freelancing to selling items online and tutoring, the opportunities are vast and varied. The key is to find something that fits your skills and interests, and then commit to it. Remember, every little bit helps, and with some effort and creativity, you can find the perfect side hustle to meet your financial goals. So, take the first step today and explore the many options available to you. Happy hustling!

Frequently Asked Questions

What is freelance writing and how can I start?

Freelance writing involves creating content for clients, like articles, blog posts, or marketing materials. To start, you can create a portfolio with samples of your work and sign up on freelance job platforms like Upwork or Fiverr.

How do I become a DoorDash delivery driver?

To become a DoorDash delivery driver, you need to sign up on the DoorDash website, complete a background check, and have a reliable vehicle. Once approved, you can start accepting delivery requests through the DoorDash app.

What skills are needed for proofreading?

Proofreading requires a good eye for detail, strong grammar skills, and the ability to spot errors in text. You can practice by reviewing and editing various types of content or take online courses to improve your skills.

How can I start a bookkeeping side hustle?

To start a bookkeeping side hustle, you need to have knowledge of accounting principles and be familiar with bookkeeping software like QuickBooks. You can offer your services to small businesses or sign up on freelance platforms.

What are the benefits of running Facebook and Instagram ads for businesses?

Running Facebook and Instagram ads helps businesses reach a larger audience, increase brand awareness, and drive more traffic to their websites. It can be a profitable service if you have a good understanding of social media marketing.

How do I make money from a blog?

You can make money from a blog through advertising, sponsored posts, affiliate marketing, and selling products or services. It takes time to build an audience, so be patient and keep creating quality content.

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