A side hustle is a chance to earn extra cash or delve into your preferred profession. In the pandemic, many people started a side hustle to combat the effects of lockdown. Thousands were placed on the furlough scheme and had no work to fill the long days. Others needed more income to support their families through the pandemic and stay afloat.
Nearly half of all brits have a side hustle to make more money, according to Airtasker. The side hustle economy is now worth around £346 billion.
Let’s take a closer look at the side hustle trend.
What is a side hustle?
A side hustle can be anything you want. You just need to have the time, dedication and passion for doing it. You could start dog walking for the local community and set a standard rate. Or, you could make use of your writing skills and start freelancing for a digital agency. You could build websites, design logos, manage social media or trade forex.
Tools like mt4 for mac can help you trade forex and hone your skills over time. There are more tools available to help people manage their side hustles. There’s online accountancy software for those looking to track their invoices and expenses. Or, there is Shopify to make things easier for e-commerce businesses.
You could start your side-hustle as a freelancer and build your business from there.
You need to put the work in
You need to research your side hustle and what exactly it entails. For example, if you want to become a village dog walker, you need to like spending time with dogs. Some owners may require you to take a professional dog walker course to learn about training and safety. You need to research animal care and behaviour. Or, if you want to start trading forex, you need to learn about the different strategies involved. You may have to spend some time researching your side hustle before you can start making money.
What are the most popular side hustles in the UK?
The most popular side hustles revolve around social media. YouTube, Instagram and Tiktok are the most popular side hustles in the UK – and you can make a lot of money from there. However, the influencer lifestyle isn’t for everyone, and you might prefer to invest in stocks or property instead.
Whether you’re the creative type or love crunching numbers, there are plenty of side hustles to choose from.
Note: This article is for informational purposes.