My Lazy Girl Side Hustle is Earning Me £700 a Day

How I Make £700 a Day from My Lazy Girl Side Hustle

A WOMAN has revealed that she makes an astonishing £700 a day from an easy side hustle where the products practically sell themselves. Meet Mak, a 25-year-old entrepreneur who, after dropping out of her degree, thought she’d be stuck bartending forever. Little did she know, a lucrative opportunity was waiting for her.

From College Dropout to Digital Hustler

Mak has successfully cashed in a whopping £52,000 from her side hustle. So, how did she do it? In her viral TikTok video under the username @moneywithmak, she shared her top tips for anyone looking to dive into the world of digital products.

First, she recommends checking out eRank.com, a tool that helps users discover trending products on Etsy that are selling well. Once you find a niche, the next step is to create a free Canva account, where you can design your digital products.

What Are Digital Products?

Digital products are intangible items such as music, eBooks, printables, and online courses. They require minimal upfront investment, and once created, can be sold repeatedly. Mak proudly states that she has made 2,084 sales, proving the potential of this passive income stream.

The Joy of Passive Income

The beauty of selling digital products is that once you’ve made a single product, you can sit back and relax while the sales roll in. As Mak puts it, she now spends her days “in Italy drinking wine,” comfortably covering her rent in just one day of sales.

Her TikTok video has gained immense popularity, racking up over 6.6 million views, leaving many viewers inspired by her story.

Tax Implications for Side Hustles

With many people looking for ways to supplement their income, it’s important to understand the tax implications of your side hustle. While your employer handles tax for your primary job, additional income from side hustles, like selling online, is your responsibility.

According to Stephen Moor, head of employment at law firm Ashfords, “Caution should be taken if you're earning an additional income, as this is likely to be taxable.” You can earn up to £1,000 a year tax-free under the trading allowance, but anything beyond that typically requires you to pay taxes.

To stay compliant, you need to register for a self-assessment with HMRC. Failing to file a tax return could lead to a surprise bill from HMRC later, along with extra fees.

Conclusion

Mak's story showcases how a simple idea can turn into a profitable venture. As more people explore side hustles to boost their bank accounts, her success serves as a reminder of the potential that digital products hold in today’s market.

So, if you’re looking to make some extra cash, consider diving into the world of digital products. Who knows? You might be the next success story!