💰 Millennials in the UK are cashing in big time with online side hustles, with many making over £500 each month! A recent study shows the average secondary income is a whopping £5,420 annually. The real stars are millennials, pocketing an impressive £577 monthly on average—bringing their yearly total to nearly £7,000! 💸
🔍 The study, conducted by Royal Mail, surveyed 1,000 people and revealed that 37% of side hustlers sometimes earn more than their main job, a figure that jumps to 54% among Gen Z. Popular items sold include second-hand clothes, books, accessories, and tech. Plus, 22% of people make money from selling handmade goods.
🚀 More than half of side hustlers dream of turning their passion project into their main job, and 16% are on their way to making it happen. Confidence is high, with 67% believing they can grow their gig within the next year. While many are hustling to boost their bank balance, a third are simply looking to fill their free time and find a greater sense of purpose.
📦 Nearly all operate from home, selling about 32 items every six months. Online marketplaces, social media, and word of mouth are their top channels. Convenience is key—two-thirds deliver to parcel points, and many have parcels collected from their homes.
💪 The biggest challenges? Finding time, staying motivated, and drawing in new customers. But resilience pays off; 53% report their earnings climbing year after year.
🔗 The message is clear: Whether you’re decluttering or crafting your own products, there’s serious money to be made from a side hustle. So why not test the waters and see where your extra hours can take you? 🌟