Most Profitable Side Hustles 2022

When deciding on a side hustle and potential future business, it’s important to make that decision based on important factors such as the time it may take to run, the initial outlay required to set the hustle up and probably one of the most important, the projected profit. Let’s take a little look at some of the most profitable side hustles in 2022:

Matched Betting

Matched Betting is a strategy for profiting mathematically from free bet incentives made by betting providers. Almost all bookies generate these promotions in order to attract new customers. Bookmakers give money away in the form of bonuses and free bets. Basically, Matched Betting involves placing multiple bets to trigger these offers. One back bet is placed (e.g. for Team A to win) and then one lay bet is placed at a betting exchange, but for the opposite result (e.g. Team A not to win). Regardless of the outcome of the event, the value of the free bet is unlocked.

The amount of time you’re willing to put into this side hustle (or any business for that matter) ultimately decides the profit. In Matched Betting experience, size of Matched Betting bankroll and the number of healthy betting accounts you have also play a part.

Potential Profit Per Month:
£200-£1500 /per month

Virtual Assistant

If you are a hyper organised individual and know your way around a range of digital communication tools (Outlook, Slack etc), then starting a side hustle as a virtual assistant may be for you.

A virtual assistant is simply a fancy phrase for a freelancer—someone who works from the comfort of their own home or from another country. A virtual assistant typically works on a contract basis, either full-time or part-time, but never as a salaried employee. A virtual assistant has complete control over which talents or services they offer potential clients, as well as their working hours.

Your virtual assistant service can revolve around particular specialisms such as event planning, administrative and logistical support, creating and managing workflows, or social media management.

Potential Profit Per Month:
£300-£1000 /per month

Become A Blogger

Blogging is a great side hustle business that you can accomplish from home or anywhere in the world. It allows you to create your own personal brand while still owning an asset. You can blog about your hobbies and interests. Starting a blog in a niche you understand allows you to connect with people who share your interests. Some popular categories for part-time blogging include yoga, business, beauty, and automobiles.

Adding affiliate links to your blogs or linking to your online store where the niche products or services are sold are two methods to make money from blogging.

How much money can you make doing this as a side hustle? You'll make nothing in the beginning. However, some bloggers who generate lots of content have generated enough money to quit their day jobs and devote their time to blogging full-time.

Potential Profit Per Month:
£300-£XXXX /per month

Dropshipping

You can run a profitable dropshipping business on the side from anywhere in the world. Imagine the possibilities - while you're supposed to be working at your day job, you could be selling products to people in the UK whilst replenishing your stock from Singapore.

You could start a dropshipping company selling AliExpress products today, advertise them on Facebook, and make your first sale tonight. Unfortunately, while that could happen, Dropshipping is highly competitive for generic products these days. It’s worth taking your time when deciding on a niche to focus on and doing some calculations around the amount of times a product is searched for on Google vs the current competition vs the potential product margins.

Potential Profit Per Month:
£1000-£1000 /per month

Start A Wholesale Business

Starting a wholesale business could be just the thing for an individual who likes the idea of owning an online business, but prefers to be more hands-on than a drop shipping model might allow. This business model entails purchasing things in bulk at a lower price and then selling them to clients at a higher retail price. Think Trotters Independent Traders, but online and hopefully slightly better run for your sake!

You handle the packing and shipment, unlike dropshipping, which can allow you to create a much required USP of speedy delivery. Much like dropshipping, the world is your oyster here, with plenty of products available to bulk buy from electronics to books and cosmetics.

The wholesale business model will of course require slightly more capital than a dropshipping one, due the act of buying in bulk. You’ll also need premises or a place to store your inventory while you arrange your sales, but there is certain freedom and control by owning your own stock.

Potential Profit Per Month
£250-£1000 /per month

It’s worth taking your time before deciding on a suitable side hustle for your lifestyle. It will need to hold some interest with you otherwise you may end up finding the pursuit of extra money somewhat laborious. As with most ventures, you’ll get out what you put in, but it's this writer's opinion that pursuing something you’re interested in will yield the greatest rewards.

WANT TO SEE WHAT'S POSSIBLE WITH MATCHED BETTING?

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How to start Matched Betting with Outplayed

When Matched Betting with OUTPLAYED.com, as long as you follow the guides, you can’t lose, only profit. Matched Betting is not an alternative to employment or a solution to financial concerns. Profits can vary dramatically based on time and effort.