With Google searches for “side hustles”, meaning small money-making schemes to supplement your main income, with no start-up costs shooting up in recent weeks, it’s clear that Brits are looking for cheap ways to bring in extra cash.
A recent study from Student Beans supported this finding, after discovering that 61% of Gen-Z (those born between the mid-1990s and the 2010s) have or plan on starting a side hustle as a result of the cost of living crisis. This comes as no surprise following the additional discovery that 71% of young people say they have stopped socialising and seeing friends as much in response to rising costs.
A further 49% have revealed they have skipped meals to save on money and with the demand for making extra money so strong, Student Beans has detailed the top three side hustles that you can do from home in your spare time, that will cost you absolutely nothing to start.
Clearing out your wardrobe could make you hundreds of pounds
The majority of us have a huge amount of clothes that we wear once and probably never touch again – in fact, 24% of the average wardrobe is made of clothes not worn in the last year.
Therefore, knowing that on average each person has 148 items of clothes in their wardrobe, Brits could have up to £1,630 worth of unwanted clothing collecting dust. This is a great way to make some extra cash from home without having to pay any upfront costs.
To get the figure of £1,630 Student Beans used data scraped from eBay to discover the average selling price for specific items of clothing. They then put these into categories of pants, tops, dresses, skirts, outerwear and shoes.
They also found the average number of each category people have in their wardrobe, and used the average selling price for each category to find the total value of each wardrobe.
Have a bike or a car? Then you can make some extra cash
With the usage of food delivery services ever-increasing, there is a huge demand for delivery drivers across the country. If you possess a car or bike and can spare a couple of hours in the evening, this is a great way to make some extra money.
At the top end, a Deliveroo driver can make up to £20 an hour depending on the number of deliveries made and the nature of those deliveries, making this a great way to make extra cash on your quiet days and evenings.
Participate in online surveys to top up your earnings
Another great way to make some extra cash is by filling in online surveys. Whilst this side job won’t make you a livable wage, it’s completely free to do and anyone can do it, making it a great starting point for those wanting to start making money online without any start-up costs or need for experience.