Top three paying hobbies for 2023

The cost of living crisis has been affecting everyone in the United Kingdom, with inflation rates still at an eye-watering 10.1 per cent in January 2023.

It means the pockets of all individuals are still being squeezed as people contend with a combination of rising prices and stagnating wages.

Consequently, more and more people are looking to supplement their incomes through side-hustles, putting their free time and skills to good use to make some cash on the side.

Whether your talents lie in arts and crafts, cooking or the written word, there are plenty of options for you to explore to boost the coffers.

Here are three top paying hobbies to consider in 2023.

Freelance writing

Whether you consider yourself a bit of a Shakespeare or are adept in the world of search engine optimisation, there are plenty of ways to make money through freelance writing.

The COVID-19 pandemic changed the way many people work and stay at home ventures increased, with writing from the confines of the living room an appealing one.

If freelance writing is the thing for you, then there are some handy tips to consider. First of all find your niche; whether it be sports, travel, motor, or marketing figure out what your passion is.

Really learn your craft, both in terms of the sector you want to write in and the style the company you write for prefers.

Build a portfolio of work that you can display to potential employers and always look out for different projects you can pitch to get published.

DIY crafting

If you are a lover of crafts then why not monetise your gifts?

Whether it be trinket trays, photo holders, storage boxes or plant holders, there are plenty of ideas that you can try out.

Carpenters for example could use their spare time and skills to utilise building materials and build outdoor garden furniture to sell online for instance.

Creating homemade products can obviously be time-consuming but good producers can stand out in a crowded market. Knitting, painting and printing are all excellent ideas to do from your home.

Private chef

If cooking is your true passion then perhaps you could consider becoming a private chef – another business that boomed after the first COVID-enforced lockdown – for those looking to hire out chefs for dinner parties and gatherings.

To make a success of this venture then planning is key. Some days will involve constant cooking, while others might involve a lot more preparatory work for future days.

You will always need to be thinking about food; new meals and recipes you have not tried yet, perfecting other methods and techniques, and really understanding the needs of the client.

Strong relationships with suppliers will always be important, while trust is key when working with a private hire if you are to be used again and again.