{"id":1833,"date":"2019-07-24T21:00:00","date_gmt":"2019-07-24T21:00:00","guid":{"rendered":"https:\/\/www.vistaprint.com\/news\/?p=1833"},"modified":"2020-03-09T15:09:50","modified_gmt":"2020-03-09T15:09:50","slug":"millions-of-brits-are-boosting-their-income-by-6600-with-side-hustles","status":"publish","type":"post","link":"https:\/\/www.vistaprint.com\/news\/millions-of-brits-are-boosting-their-income-by-6600-with-side-hustles","title":{"rendered":"STUDY: Millions of Brits are boosting their income by \u00a36,600 with side hustles"},"content":{"rendered":"

Millions of Brits have a \u2018side hustle\u2019 to boost their incomes and pursue their passions, according to research.<\/p>\n

A study of 2,000 adults in full-time employment found that almost one quarter (23 percent) have already turned a hobby into a side business alongside their career, while a further 56 percent aspire to.<\/p>\n

Those with a side business top up their income with an average of \u00a36,604.80 per year post-tax, while 15 per cent of side hustlers even make \u00a312,000 annually.<\/p>\n

The research was commissioned by Vistaprint<\/a> \u2013 a leading online provider of marketing products and services to small businesses.<\/p>\n

Beauty and wellness was found to be the most popular side business sector, which includes hairdressers, personal trainers and dieticians.<\/p>\n

Arts and entertainment such as artists, DJs and designers, and home improvement including self-employed decorators and gardeners are also popular areas.<\/p>\n

Generating extra cash was found to be the top reason Brits either have or would like to start a side business (58 percent).<\/p>\n

But 36 percent started a side business to pursue a passion and over one third did so to spend more time doing what they enjoy.<\/p>\n

A desire and drive to follow one\u2019s true calling is further supported by the finding that over half (56 percent) of Brits can\u2019t find a full-time job related to their interests.<\/p>\n

Simon Braier, Customer Strategy and Insights Director from Vistaprint said: \u201cBritain\u2019s side business economy is booming, as employees increasingly look for financial, professional and personal fulfilment that may not be present in their main job.<\/p>\n

\u201cWhile many side hustles are born out of a personal interest or hobby, they don\u2019t have to stay small.<\/p>\n

\u201cSide business owners can test their venture\u2019s long-term viability, growth and marketing opportunities in a safer setting, helping them to ease the transition into full-time entrepreneurship and spend more time doing what they love.\u201d<\/p>\n

The study also found that almost two thirds of entrepreneurs (65 percent) treat their enterprise as a \u20185-9\u2019 and work on it in the evenings in order to fit around their career.<\/p>\n

A further one third (36 percent) also work on their side job at the weekends, while one quarter (24 percent) do so during the morning.<\/p>\n

A typical side business takes up 13 hours a week, while 17 percent of those polled spend 20+ hours a week working on it.<\/p>\n

It also emerged that one-third (32 percent) of side business owners hope to grow their venture in the future.<\/p>\n

But an average of \u00a32,711 a month post-tax would need to be made to consider turning a side project into a full-time job \u2013 a figure well above the average side hustle earnings.<\/p>\n

When asked for their advice on growing a side business<\/a>, successful side hustlers recommended focusing on tasks which generate the most revenue, setting long-term goals and ensuring your side business is something you truly enjoy.<\/p>\n

Networking with people who run side businesses and building a strong social media presence rounded off their top five tips.<\/p>\n

Vistaprint\u2019s UK Market Lead Charlotte Holmes-Darby said: \u201cTo grow your side business, you need to think and act like a full-time entrepreneur.<\/p>\n

\u201cThat also means you should be prepared to seize any opportunities that come your way and enable you to take your side hustle to the next level.\u201d<\/p>\n

Two side hustles, two success stories:<\/strong><\/p>\n

Karen Grant, from Wiltshire, used to work full time as a Financial Advisor when she began her side business of being a corsetiere.<\/p>\n

As her venture grew Karen began working part time in order to concentrate on her creative business and eventually in 2013 left her finance role altogether.<\/p>\n

Karen said: \u201cI wish I\u2019d taken the plunge a lot sooner, I love my job and have met many lovely people.<\/p>\n

\u201cI work from a studio in my back garden on my side project that I was able to also turn into a career, I have recently branched out into giving talks to craft groups and at the local Women\u2019s Institute.<\/p>\n

\u201cMy advice to people starting a side-line career would be to have plenty of support at home, plenty of rest and keep your social life going \u2013 it\u2019s a hard slog at first.<\/p>\n

\u201cI\u2019m very happy with my decision, it\u2019s worked out very well and I get to do what I love – I\u2019d encourage anyone to do this.\u201d<\/p>\n

Another successful side-hustler is Kati Ramsden from Ashford, who spends her days working in HR but also runs a package free grocery shop on the side.<\/p>\n

Alongside her 30 hours a week job and being a mum to two young children, Kati spends two days a week running her grocery store.<\/p>\n

Kati said: \u201cIt\u2019s been an incredible learning curve with a lot of trial and error.<\/p>\n

\u201cEvery penny I make just goes back into the business, buying new stock \u2013 that\u2019s my current focus.<\/p>\n

\u201cIt\u2019s a balancing act, balancing home and work life \u2013 I work Saturday and do feel I miss out on the stuff my husband and kids do.<\/p>\n

\u201cIf you take on a side project it needs to be something you love to sustain your interest because the reality is you won\u2019t be making a lot of money out of it, in the early days at least.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Millions of Brits have a \u2018side hustle\u2019 to boost their incomes and pursue their passions, according to research. A study of 2,000 adults in full-time employment found that almost one quarter (23 percent) have already […]<\/p>\n","protected":false},"author":5,"featured_media":1837,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[48],"tags":[],"class_list":["post-1833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-micro-business-insights"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.vistaprint.com\/news\/wp-json\/wp\/v2\/posts\/1833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vistaprint.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vistaprint.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vistaprint.com\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vistaprint.com\/news\/wp-json\/wp\/v2\/comments?post=1833"}],"version-history":[{"count":2,"href":"https:\/\/www.vistaprint.com\/news\/wp-json\/wp\/v2\/posts\/1833\/revisions"}],"predecessor-version":[{"id":1883,"href":"https:\/\/www.vistaprint.com\/news\/wp-json\/wp\/v2\/posts\/1833\/revisions\/1883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vistaprint.com\/news\/wp-json\/wp\/v2\/media\/1837"}],"wp:attachment":[{"href":"https:\/\/www.vistaprint.com\/news\/wp-json\/wp\/v2\/media?parent=1833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vistaprint.com\/news\/wp-json\/wp\/v2\/categories?post=1833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vistaprint.com\/news\/wp-json\/wp\/v2\/tags?post=1833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}