Whether it’s unleashing your entrepreneurial spirit or the rising cost of living, more and more people are looking to earn additional income in the form of a side hustle.
Some people have a passion they want to share with the world while others are more tactical – jumping on a trending industry in order to make a profit. And with 40 per cent of businesses starting out as a side hustle, there’s no denying their potential as a moneymaker. But how can you make a profit quickly?
Whatever your reasoning for starting a side hustle, keep reading to see what our data revealed as the eight most popular side hustles of last year, which could continue well into the future.
How to make extra money
Before you choose a side hustle, there are a few things you need to consider in order to make a profit in the fastest way possible:
- will you need to invest in materials or supplies?
- will you need to invest in marketing to attract initial customers?
- will you need specific training, which may cost money?
- will you be charged fees when you make a sale?
In this guide, we’ll cover what you should expect about any initial startup costs – as well as how often (and how much) you may get paid.
Best side hustles – top 8 side hustle ideas
Side hustle trend | % increase 2022-23 |
26% | |
18% | |
16% | |
14% | |
9% | |
7% | |
6% | |
5% |
Data based on Simply Business customer policies taken out between 1 January 2022 and 20 December 2023, calculating year-on-year growth.
1. Food trucks (and ice cream vans)
If you love to cook and want to share your creations with the world, you may be happy to know that food trucks and ice cream vans were our fastest growing business in 2023.
Food truck businesses offer lower startup costs compared to traditional restaurants – as well as more flexibility when it comes to location, opening hours, and the ability to reach diverse customer bases.
Additionally, food trucks are still seen as novel and trendy, often attracting customers seeking a more unusual dining experience. And with a 26 per cent increase in food trucks between 2022 and 2023, it seems those with an entrepreneurial spirit are confident in backing this growing industry.
We have a whole guide to starting your own food truck business if you want to make sure the popularity of food trucks continues to grow.
Food truck startup costs
The biggest initial cost for running a food truck business will be the truck itself. This cost will differ depending on if you buy a new or used food truck or convert an existing vehicle into a food truck. You could even choose to rent a food truck to start out with to see if this side hustle is viable for you.
Buying a new food truck could cost up to £200,000, whereas you could buy a used food truck from around £40,000.
You’ll also need to consider the cost of your kitchen equipment – from large items like ovens to smaller items that you use to prep your food.
You’ll also need to invest in serving supplies like takeaway containers. And don’t forget about fuel if you plan to drive to different locations or parking fees in urban areas.
And if you take card payments, make sure that you’re getting a good deal on transaction fees.
The final thing you’ll need to consider is food truck business insurance.
How much money does a food truck make?
To run a successful food business as a side hustle, you’ll need to balance the cost of your outgoings with how much you earn. Do this by finding the best areas to base your business, as well as learning what hours of operation make you the most money.
Put simply, the more you work, the more you’ll get paid.
2. Floristry
Whether it’s creating a floral wedding arrangement or advising on an “I’m sorry” bouquet of flowers, florists enjoy a unique look into the lives of others.
You may find enjoyment as a florist if you love working with flowers, expressing your creativity, and contributing to those important moments in people’s lives.
There will always be a demand for flowers – from special occasions to expressions of sympathy – which provides florists with a steady market.
You also don’t need any formal qualifications to be a florist (though they can help), meaning there aren’t any difficult entry barriers to getting started. The rise of online florists also means that nowadays you don’t even need a physical shop to begin in floristry – though you can always test out running a temporary pop-up shop if you want to explore offline sales.
Florist startup costs
You can’t be a florist without fresh flowers, so this will be your first upfront cost. But you’ll also need vases, ribbons, wrapping, and whatever else you want to decorate your creations with. While you’ll need an upfront amount to get started, you’ll also need to budget for replenishing your stock.
If you’re just starting out and you’re working from home, investing in a good workstation can help you focus on your business. Try to save money by using furniture and lighting you already own.
You’ll also need basic tools and equipment like scissors and pruning shears to create your bouquets – as well as fuel or postage costs if you plan to offer a delivery service.
And of course, if you’re selling your creations online, then you’ll need to consider any costs associated with creating an online shop.
Even if you’re working from home, there are still risks to running a floristry side hustle – so investing in florist insurance may help you save money in the long run.
How much money does a florist make?
If you’re running a floristry side hustle, you should be able to fit the work around your existing responsibilities if you’re smart about it. Then you’ll need to identify the suppliers with the best deals and build a good relationship with them.
You’ll get paid whenever you make a sale, so consistent marketing is key to steady business.
3. Craft stall
Whether you’re a crocheting expert or a pottery wiz, craft stalls are a great way to earn money doing what you love. As well as creating a personal connection between you and your customers, it’s also a great way to receive immediate feedback and build relationships.
If you’re already selling your crafts online (perhaps in an Etsy shop), attending a local craft market can help you reach more customers without the need for additional marketing. You’ll also be able to test new products on the market and refine your sales technique.
Will 2024 be the year you take your products to the market? Read our guide on setting up a market stall to help get you started.
Craft stall startup costs
The startup costs for your craft stall will depend on what items you sell, so your initial costs will be for the raw materials and tools that you need.
And as a creative with a visual eye, you may also want to invest in packaging and labelling for your items.
If you’re selling your products at a market, you’ll probably be renting the stall space, so reach out to the markets you’re interested in to get an indication of the specific costs.
You’ll probably also need your own display equipment – including tables, shelving, and signage. And check the transaction rate set by your card reader provider if you plan on taking card payments.
Selling online comes with its own set of costs. If you’re selling on an ecommerce platform, they’ll probably take a commission from any sale you make. You should also make a note of when your chosen online sales platform will release your earnings. For example, Etsy will release funds to new sellers weekly on a Monday.
No matter where you’re selling, investing in craft insurance can be a way to avoid unexpected costs in the future.
How much money does a craft stall make?
How much you earn from your craft stall side hustle will depend on the cost of your equipment and other outgoing expenses like market stall rental fees and online transaction fees.
However, it’s important to pay attention to trends and regularly assess your products to make sure you’re creating products that sell well and don’t leave you at a loss.
Additionally, getting a regular slot at a local market could build your brand recognition and give you more chances of income.
4. Calligraphy
It’s no wonder that calligraphy has gained popularity as a side hustle. It’s a skill admired by many but achieved by few. In an increasingly digital world, there are still many people who appreciate the artistry of calligraphy.
Sian is one of the many who began a calligraphy side hustle after initially starting as a hobby. She now does calligraphy on the side of her full-time graphic design job.
When asked about the 14 per cent rise in calligraphers, Sian said: “I think the rise is due to how easy it is to get into – all you need is a pen and some paper. Being able to work from home and fit it in around family responsibilities is also really appealing. There’s also a huge market in the wedding industry as people want unique items for their big day.”
If you think a calligraphy side hustle could be a good fit for you, Sian has some advice: “My tips for anyone starting out would be to practise and get feedback on your work before you start charging. It’s an amazing skill to have and the more you focus on refining your skills, the more successful you’ll be.”
Calligraphy startup costs
To start a calligraphy business, your first upfront cost will be the cost of your pens, ink, and paper. The price of these will largely differ depending on the quality you choose – but if you’re just starting out in calligraphy, you can cut costs by choosing more budget tools.
And depending on how you sell your creations, you’ll have to either account for transaction fees from card readers or commission taken from your online sales. As well as postage costs or rent for a market stall.
How much money does a calligrapher make?
How much you earn as a calligrapher will depend on how well you market yourself, as well as the cost of the materials you invest in. While calligraphy can have lower startup costs than other side hustles, it can also take longer to build up a strong brand reputation.
5. DJ
Being a DJ is another profession that gets included in the life events of strangers – from birthday parties to weddings. It can be a really rewarding job for those who love music and creating vibrant and memorable atmospheres.
DJing can also be flexible around traditional 9-5 jobs, which gives you the added security of additional income while you’re just starting out.
While music knowledge and the ability to keep a crowd engaged are two of the most important aspects of being a DJ, you’ll also need the budget to invest in professional sound equipment in order to provide the best service to your clients.
DJ startup costs
You won’t be able to start a DJ business without the proper equipment – so be prepared for this significant upfront cost. You can start with more entry-level equipment at around £200 for a basic controller, while more professional setups can cost upwards of £1,000. And if you’d rather use turntables and mixers, this will cost even more.
You’ll also need a powerful laptop, good speakers, and a pair of DJ headphones. DJs also use software when performing – this is often paid but more basic free versions are available.
And since you’re responsible for helping create the special moments in people’s lives, it can be a good idea to invest in DJ insurance too.
How much money does a DJ make?
How well you market your DJ side hustle will affect your earnings. If you need some inspiration to get you started, here’s 23 ways to advertise your business for free.
Your earnings as a DJ will also depend on the type of DJ work you do. Are you doing sets in bars in your local area or do you specifically cater to special events like weddings? Small nightclubs may pay less but couples may pay more for you to make their wedding memorable.
According to Indeed, the average DJ hourly wage is £30.93 but this can differ depending on your experience, the work you do, and your location.
6. Massage
It’s no wonder that massage therapy came sixth on our list of growing side hustles, as it’s a skill that can directly improve the wellbeing of others. Massage therapists are also usually in charge of their own schedule, offering more flexibility.
There are plenty of courses available in massage therapy, which may help you find work – as well as teach you more about the industry and how you can best help your clients.
The demand for skilled massage therapists seems to be continuing to grow, making it a stable career option for those hoping their side hustle takes off.
Think this is the career for you? Learn how to become a massage therapist in our guide.
Massage therapist startup costs
Your first upfront cost before becoming a massage therapist will generally be getting your qualification in massage therapy – our guide goes into more detail about the costs associated with this.
You’ll then need to invest in:
- a massage table (anywhere from £100-£500)
- linens and towels
- massage oils (the price will differ depending on quality and whether you buy in bulk, but £100 would be a good amount to start with)
You may also want to consider massage insurance in case you accidentally injure a client or damage their property.
Luckily you may be able to save money by converting a room in your home into a massage studio, meaning you won’t have to pay rent on a business premise.
How much money does a massage therapist make?
Once you’ve paid the initial startup fees, you’ll start to earn money back with each client. And how many clients you get will initially depend on your marketing.
Consider networking with related businesses, such as beauticians or local gyms, to help get your work out there.
Once you gain more experience, you should be able to charge more.
7. Fitness instructor
Health and wellness is becoming increasingly important – and supportive fitness instructors play a big part in that. Becoming a fitness instructor gives you the chance to inspire others and promote healthier lifestyles.
Catherine from Women Gone Strong knows how rewarding working in fitness can be.
Catherine says: “Being a coach is something that comes easy to me – but being a business owner most definitely doesn’t. Wearing all the hats as a solo entrepreneur is definitely what I found the most challenging. But I’ve learnt so much about how to run a business, understanding financial reports, and making management decisions.”
Fitness instructors need strong communication skills, the ability to motivate, and a passion for health and fitness. Having good organisational skills are also a plus – as freelance fitness instructors will be in charge of managing their client schedule.
You don’t need a university degree to be a fitness instructor, though it’s usually recommended to have at least a Level 2 qualification from a college. This will help you develop the skills you need to safely help your clients.
When asked about her own journey to becoming a fitness instructor, Catherine explained: “I started off freelancing in local communities and gyms. I did love it – but made the decision to open my own studio in January 2023.
“My personal and business growth have come a long way. I’m completely proud of my achievements and I feel like I’m just getting started.”
Fitness instructor startup costs
If you’re starting out as a fitness instructor, your first investment will likely be getting qualified. Prices can vary depending on the type of course you do, so look for one that’s a good fit for your budget while still teaching you something new.
The equipment you’ll need will also depend on the type of training you offer but could cost up to £500, so make sure you budget for this.
If you rent a space in a gym for your classes, you’ll likely be able to use their equipment – but the tradeoff for this is you’ll be paying rent.
Some other things to consider include paying for a music streaming service, a good supply of workout clothes, and insurance costs.
How much money does a fitness instructor make?
A fitness instructor makes £15.91 an hour on average, according to Indeed. You’ll be able to charge more the more experience you have, or the more niche a class you offer. Check to see what’s available in your area to find a gap in the market.
How often you get paid will depend on how many clients you have. Consider offering discounts to customers who book multiple sessions in order to have a steady income.
8. Personal tutor
Do you love learning and sharing your knowledge with others? Being a personal tutor could be a great side hustle opportunity for you. It’s a good fit for those working a traditional 9-5, as you can choose your own hours and work around existing commitments.
The versatility of tutoring also means it can work for a wide range of people. Do you have a talent for speaking French? Do you have a passion for maths? No matter your background or interests, there are plenty of opportunities for you to tutor.
Alongside subject-specific knowledge, personal tutors also need to be great communicators and patient with their clients. Whether you’re working with children or adults, being able to explain potentially complex topics in a simple way is a key skill to have.
If you need some advice on how to start out as a tutor, read our helpful guide.
Personal tutor startup costs
Starting a side hustle as a personal tutor is probably one of the most low-cost business ventures on this list. You’ll need to invest in textbooks, worksheets, and other materials related to the subjects you’ll be tutoring.
One investment that may be worthwhile if you’re planning to tutor children is getting a DBS check, which costs £18.
You may also want to consider paying for marketing or any fees that occur from using a website for tutors.
How much money does a personal tutor make?
You’ll generally charge by the hour as a personal tutor, usually between £20 and £50 depending on what you teach and your experience. Thanks to the low startup costs associated with the role, being a personal tutor can be a lucrative side hustle if you market yourself well.
You’ll usually be paid each session but you can always offer discounts for people who book in bulk and in advance in order to have a steady stream of income.
Starting your side hustle
If you’re inspired and ready to jump in, we have a whole guide on how to start a side hustle to help you get going.
You may also be interested in our list of best cities to start a business in – does your town feature?
And make sure you’re aware of the trading allowance for your side hustle, which will let you know when you need to report and pay tax.
Protecting your side hustle with insurance
Side hustles are like any other business, so it’s important you don’t forget business insurance. This can protect you and your business if something were to happen.
Not all side hustles are alike, but Simply Business can help build a tailored business insurance policy that fits your needs.
Are you planning on starting a side hustle this year? Let us know your plans in the comments below.
More guides for side hustlers
- Tax on a second job – a guide for your side hustle
- HMRC reporting changes – will your side hustle be taxed?
- Growing your business – what are the habits of successful people?
- What type of business insurance do I need?
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