A YOUNG woman has claimed that she made £30,000 in just one month without leaving her house.
But that’s not all, as while Elizabeth, 23, had hoped to make an extra £1,000 more a month from her phone before starting her side hustle, she has since cashed in over £145,000 in just seven months – and no, it’s not OnlyFans.
A young woman has revealed how she made £30,000 from her phone in just one month[/caption]
Not only does Elizabeth, 23, not have to leave the house, but she doesn’t have a boss either[/caption]
Not only this, but the savvy content creator revealed that thanks to her side hustle, you’ll no longer have a boss and don’t need any qualifications.
Elizabeth, who previously left school with “barely any GCSEs” after being traumatised by bullies, took to social media to share more about how she generates an income, leaving many totally stunned.
The red-haired beauty, who didn’t go to university or college, acknowledged that seven months ago, she was “broke” and living “paycheck to paycheck.”
Not only did she “hate the 9 to 5”, but she was fed up with “constanting checking” her bank balance and Googling “how to make money online” on her lunch break.
As a result, Elizabeth decided to take matters into her own hands and change her life.
Desperate to earn cash, Elizabeth discovered digital products – any product that is created, distributed, and consumed in an electronic format.
Digital products refer to digital files that buyers can purchase and download instantly, such as printable art, digital planners, e-books, stock photos and more.
Elizabeth “took a chance” and “decided to go all in”, despite not having any “business experience” or “special skills.”
She acknowledged that she had “no idea” what she was doing, just a “deep feeling that there had to be another way” she could earn a living.
And now, Elizabeth is reaping the rewards, as it takes her just 30 minutes to create a digital product on Canva, which she can then sell on countless times for £67.
She said: “When I started, I had no idea what a digital product was, but a digital product is essentially anything that can be downloaded to a device, so an e-book, a guide, a planner, a template, an invitation, anything like that that gets downloaded to a device and sent to your email.
“I made over £30,000 last month from my phone with no experience, as someone as a total beginner.”
I built a simple digital product, created a system that sells it for me, and now my business runs – even when I take the day off
Elizabeth
She also claimed: “In total, over the past seven months, I’ve made over £145,000 – and I still work from home, on my own time, doing something I genuinely love.”
The determined woman then revealed: “I built a simple digital product, created a system that sells it for me, and now my business runs – even when I take the day off.”
Types of digital products
- Online courses
- Ebooks
- Licensed digital content
- Premium content libraries
- Digital templates and tools
- Product photography
- Music, art, and entertainment
- Digital services
- Printable digital products
- Digital memberships
She claimed that it “isn’t a fluke” and she isn’t “just lucky,” but now, selling digital products has “changed everything” for her.
Not only is she able to “live better” and able to have “slow mornings” with her family, but she’s also been able to pay for a flight for her twin sister to go to Thailand too.
And that’s not all, as well as not having a boss, Elizabeth now has the flexibility to do her side hustle from “anywhere in the world.”
Social media users react
The TikTok clip, which was posted under the username @digitalmarketinglib, has clearly left many open-mouthed, as it has quickly racked up 96,100 views in just 24 hours.
I’m interested. Please can you send me information
TikTok user
Not only this, but it’s also amassed 1,792 likes, 1,667 comments and 1,060 saves.
Social media users were stunned by Elizabeth’s earnings and raced to the comments, desperate for more information.
Do I need to pay tax on my side hustle income?
MANY people feeling strapped for cash are boosting their bank balance with a side hustle.
The good news is, there are plenty of simple ways to earn some additional income – but you need to know the rules.
When you’re employed the company you work for takes the tax from your earnings and pays HMRC so you don’t have to.
But anyone earning extra cash, for example from selling things online or dog walking, may have to do it themselves.
Stephen Moor, head of employment at law firm Ashfords, said: “Caution should be taken if you’re earning an additional income, as this is likely to be taxable.
“The side hustle could be treated as taxable trading income, which can include providing services or selling products.”
You can make a gross income of up to £1,000 a year tax-free via the trading allowance, but over this and you’ll usually need to pay tax.
Stephen added: “You need to register for a self-assessment at HMRC to ensure you are paying the correct amount of tax.
“The applicable tax bands and the amount of tax you need to pay will depend on your income.”
If you fail to file a tax return you could end up with a surprise bill from HMRC later on asking you to pay the tax you owe – plus extra fees on top.
One person said: “Tell me please.”
Another added: “Yes please I need more info.”
A third commented: “I’m interested. Please can you send me information.”
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