Ella has been gaining valuable experience and earning some extra money through Paperound, a website that links up businesses with students, who complete tasks such as market research or content creation. Ella told marketing group Student Beans: ”When I came across Paperound, I wanted to gain some industry experience with design work and I could see it was going to be an easy way to make money alongside my degree.
“However, now I have upped my price to £15 an hour and throughout holiday periods I can take on more, this week I will have earned around £300.”
More than a fifth of this age group – sometimes known as ‘zoomers’ – need to earn more than £300 a month for their extra job to be worth it.
Research by Student Beans found that 61 percent of zoomers have taken on a side hustle as a result of the cost of living increasing, including Ella.
Strangely, the side hustle with the biggest opportunity to make some cash in 2022 is selling slime, as it’s cheap to make and is sold on average for £8.55 per unit.
Selling personalised mugs and glassware is also a way to earn some extra money online.
The average price for a product listing is just over £22, although competition is fierce, with more than two million sellers.
Providing gift hampers are also proving to be a very popular venture, such as savoury cheese boxes or a collection of sweet treats.
There are only 14,000 sellers for these products on Etsy, with each unit selling for an average of £18.
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Respondents said they have tried various things to address the cost of living, including using a credit card and taking out a loan.
Five percent have even had to use a foodbank to get by.
Research from MaterialsMarket found that providing carpentry services was a good way to earn some extra cash.
The trade provided an average additional income of £1,600 per month, which could reach around £19,200 annually.