Home » News Stories » Are side hustles on the rise again?

Are side hustles on the rise again?

By Hugh Fort in News Stories, posted November 22, 2022

Throughout the coronavirus pandemic, more and more people were taking up side hustles to fill their spare time and make some extra money whilst they were at it. A recent study revealed that 1 in 4 adults in the UK now has a side hustle.

Collectively they generate a whopping £72 billion a year which proves just how big this space is.

With much of the world seemingly back to normal as we approach the back end of 2022, why now has there been a sudden surge in the number of side hustles amongst the UK population? It’s because of the current cost of living crisis that is affecting the UK population. This is making it harder and harder to get by and a side hustle is a great way to earn some extra cash.

If you want to know what the cost of living crisis means for the UK population or you’re looking to start your own side hustle then this is the article for you. Read on to find out more.

Effects of the cost of living crisis

The cost of living crisis has come about for many different reasons including inflation and the war in Ukraine. This has led to the prices of necessities like food and fuel rising in price and household bills are also on the rise too.

This has resulted in many households being unable to pay their bills and they live in fear of turning their heating on due to the high costs of doing so. It is because of these conditions that people are now turning to side hustles to help keep their finances in order.

What are the most popular side hustles?

If you’re thinking of starting your own side hustle but aren’t sure what you want to do then you may take inspiration from one of the following:

Landscaping and gardening

Many people in the UK have gardens but they don’t all like looking after them. Instead, they’d rather pay someone to do the hard work for them and that’s where side hustlers come in. Avid gardeners who know how to make green spaces look great or install new garden fence panels can make a large amount of money doing this.

Dog walking

With winter now here, dog owners may be reluctant to step foot in the cold but these pups still need walking. Dog walking is an easy way to may a bit of money on the side, keep fit and spend some time with a range of different pooches which is why it’s such a popular side hustle.

Start a clothing company

Those that love to sew or knit can make a fortune by creating their own clothes and selling them online. There are plenty of great websites where you can easily sell clothing to customers and build your brand from scratch.