Side Hustles You Can Start From Home

Let’s talk about side hustles. 

Side hustles are a way to make money outside of your regular job. Did you know that 46% of people in Britain are making a second income using side hustles? The numbers have especially increased during the pandemic when people had more time, lost their jobs or were worried about their job security.

There are a number of reasons people choose to start doing something extra on the side. Some people want to monetise their hobby. Others want to start their own business but aren’t ready to commit to it full time. No matter the reason, everyone has one thing in common – they want extra income!

If you’re wondering what side hustle you could start, we have some ideas for you!

Making and selling crafts or artwork

Do you have a creative hobby? Do you enjoy painting or making crafts such as candles, jewellery, toys or any other artwork? Why don’t you turn something you love doing into something that also makes you money?!

Nowadays, when it comes to buying presents or home decor, many people are looking to support smaller creators as well as invest in handmade products. If you love creating original, high-quality pieces, you can charge higher prices which means you might not need that many customers to make a great profit.

A great way to sell your items is by uploading them to online marketplaces such as Etsy, eBay or Facebook Marketplace. And if you’re thinking about eventually turning this side hustle into your full-time job, you should consider creating your own website as well as social media platforms. That will help you promote what you do and attract more customers.

Writing a blog

Is there an area that you are passionate about and if someone asked, you could talk about it for hours? Is it cooking? Fitness? Beauty? Anything else? You can start a blog about anything in the world! The more niche the better. 

If you’re interested in something, there must be other people that are also interested in the same thing. Writing a blog will not only allow you to share your knowledge and passion but will also let you connect with other like-minded people. You might even find a new best friend! Also, if you think that writing isn’t your strength, remember that you are creating your own brand, so you can write in your own style and the content ideas should come to you easily as it’s something you’re passionate about!

The only downside of this side hustle is that it can take a long time before you can start monetising your blog. You need to build a big, engaged audience in order to start working with brands on a paid basis. Other options include adding affiliate links, displaying adverts with Google AdSense and offering exclusive content that readers have to pay for or creating your own product or service you can sell. But as long as you put enough time end effort into it, your blog can turn into a very profitable side hustle or even your full-time job!

Tutoring

If you’ve ever worked as a teacher or have a natural talent for explaining things in a way that others can understand, think about providing tuition services. 

You can look into helping students that need extra lessons in subjects such as maths or physics. Or you can teach something people want to learn as a hobby, for example, a foreign language, arts and crafts or playing an instrument. 

To start tutoring, you don’t need to spend money on a property. Most lessons can be delivered online, which means you can reach more people. Or if you prefer interacting face to face and don’t have distractions at home, you can simply invite learners to your place. 

Do what you do at your job but as a freelance

Wanting to start a side hustle doesn’t mean that you don’t like your job! If you enjoy what you do and are good at it but want to earn extra money, freelancing is a great option for you. You can choose to work regularly with the same clients or take on occasional gigs.

The amount you make depends on how much time you can spend on this side hustle and how much you charge for your services. If you have never done any freelance work before, setting your prices can be difficult. If you set them too high, it will be harder for you to find clients. Too low – you will have to spend more time working or take on more clients to make the profit you want. 

That’s why it’s important to do research and find out how much other freelancers that offer the same or similar services charge. The prices will also depend on the experience and the area you live in or are targeting. Not every job can be completed from home but if you provide services that don’t require travelling to a different location, you don’t need to target the same area you live in! You can take on clients from all over the country or even the world. 

Start print on demand store

This type of store allows you to sell items such as t-shirts, phone cases, mugs, tote bags and more with artwork you have created without actually stocking those products yourself. Once you receive an order, the print on demand company prints the design on the item and ships it directly to your customer. And the best part is that you can still sell those products under your own brand. 

To start a print on demand store, the only thing you need is your designs and think of the ways to promote your brand. You don’t need to worry about sourcing the products, printing, shipping or a storage place, saving you time and money.

No matter whether you’re a professional graphic designer or simply like creating artwork as a hobby, you can start this side hustle to move your creations from your notebook, tablet or any other device you use onto physical products and to your customers’ homes! 

Is your side hustle a business?

The short answer is yes! As long as you make money, any side hustles you start count as businesses. But do you need to register your business and pay tax on the income?

Everyone’s situation is different. While one person can spend many hours on their side hustle, another might only do a few little bits every now and then without making much money. If the income you get from your side hustle goes over £1,000, you must register it as a business and start paying tax. If you earn less, you can take advantage of the trading income allowance and don’t need to inform HMRC about any of your side hustles. However, It’s important to note that it’s income and not the profit!

Do you need further advice on starting a side hustle?

Whether you are thinking of doing something on the side of your regular job or are planning to turn your side hustle into a career, we’re here to help!

Our business advisors are always ready to answer your questions. They’ll explain how the business world works, how to start and grow your side hustle, how to pay taxes and anything else you aren’t sure about. Contact us today to book your appointment.