STARTING a side job can earn you an average of £23,000 more a year while only costing a few hundred pounds to set up.
Ignoring the urge to flex your business wings can take a long time, because Small business is exploding.
Just an hour a day dedicated to a second job can add thousands of dollars to your annual income – even with a day off.
Whether it’s freelancing the evening after May 9 or selling your crafts on Etsyjoining another gig can be extremely profitable.
Research conducted by GoDaddy has found that people on the sidelines providing services or manuals job can earn you an extra £22,900 a year.
And those who have made their trades online can earn an extra £21,400 a year on average.
The study explains that 58% of online entrepreneurs spent at least £500 setting up their new venture.
Around 15% of internet sellers have spent less than £1,000 to launch their side business, showing that small investments can generate big returns.
Most of this money is used to perfect their website, but it seems business owners are spending a lot to get a quick change.
According to research, 48% of entrepreneurs say their online presence takes just a few days to set up, while some claim it takes less than four hours.
The process is made even easier, as budding business tycoons can rely on artificial intelligence tools to help them.
The speed and simplicity of the part-time job, as well as the potentially huge financial rewards, has made 70% of sellers willing to make it their main source of income.
The study also found that the average age of Britons taking up a part-time job is 32, while one in nine people started a business before the age of 18.
Andrew Gradon, head of GoDaddy UK & Ireland, said of the findings: “Setting up an online service has never been easier or faster. side hustleand GoDaddy data shows that the financial rewards can be substantial.
“Technology significantly reduced barriers to entry, giving entrepreneurs the tools to start and grow their businesses in no time.
“At GoDaddy, we are committed to helping everyday entrepreneurs feel confident in their business decisions and have witnessed first-hand the success many of our clients have had when starting their businesses. their online side job.”
Katie Anderson, who founded her own slow and vintage fashion business, explains how running her own business helped her achieve financial freedom.
“When I come back UKI want to continue the business and expand online.
“Setting up a website was super simple and stress-free, costing me just £230. Since moving online, Pine & Treasure has grown dramatically.
“I’ve also created a slow-fashion clothing line, and the business is generating enough profits for me to manage full-time, which matches my previous salary as a marketing director for an innovative company.”
We previously talked about how a business professional revealed their top tips for Turn your hustle and bustle into a small startup.