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Profitable and Popular Side Hustles: A Guide to Making Some Extra Money

By Hugh Fort in Careers, posted March 28, 2024

In the contemporary employment landscape of the UK, the allure of side hustles has increased, offering individuals the golden opportunity to boost their income alongside their full-time roles.

This burgeoning interest is underpinned by a multitude of factors, including the desire for financial stability, the desire to pursue passions outside the confines of 9 to 5 jobs, or simply out of necessity.

Some of the highest-paying side hustles could see you earning up to £170 per day, making it a lucrative method of generating some extra income.

This is why a significant portion of the British workforce now engages in side hustle activities, especially in the wake of the cost-of-living crisis.

With the right approach, dedication, and a bit of ingenuity, side hustles can not only bolster your bank account but also enrich your professional and personal development.

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Food Delivery

The food delivery sector has witnessed exponential growth, especially in the wake of the pandemic.

Platforms such as Deliveroo, Uber Eats, and Just Eat have democratized the ability for anyone with a vehicle to earn extra cash.

Flexible scheduling allows individuals to work around their primary job hours, making it an attractive option for many. Earnings can fluctuate based on factors like location, hours worked, and tips received.

The general rule of thumb is that the more deliveries you complete, the more money you earn.

Trading

The digital age has facilitated access to stock and cryptocurrency trading platforms, making it a viable side hustle for those with a penchant for market analysis and risk tolerance.

Success in trading hinges on informed decision-making and continuous learning, with potential earnings varying greatly depending on market conditions and investment strategies.

Using online trading platforms like Tradu can enhance your trading experience and allow investors to monitor markets, place trades, and accounts all in one place.

You can place trades in real time and receive live updates about market positions.

Freelancing

The gig economy has opened a plethora of opportunities for freelancers in various fields such as writing, graphic design, web development, and digital marketing.

Websites like Upwork, Freelancer, and Fiverr serve as platforms where freelancers can offer their services to a global client base.

The earning potential in freelancing is substantial, often depending on one's skill level, experience, and niche market demand. Whether it's copywriting, designing logos or developing apps, offering up your skills to companies can be very profitable.

Virtual Assistant

With the shift towards remote work, the demand for virtual assistants (VAs) has surged. VAs provide administrative, technical, or creative assistance to clients from a remote location.

The role can encompass a wide array of tasks, from email management and scheduling to social media strategy and content creation.

Earnings for virtual assistants can vary widely, reflecting the breadth of services offered and the VA's expertise.

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