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Side Hustle Income Report – December 2020

January 4, 2021 No Comments
Side Hustle Income Report December 2020

This post may contain affiliate links, which means if you click through to a website from a link found here on my blog and register or purchase something, I may get a commission at no extra cost to you. 


Whew, we made it – 2020 is finally over and out! I can’t tell whether it was the quickest, or slowest year of my life – but I guess that’s what you get when you live Groundhog Day everyday for nine months.

That said, it wasn’t all bad. I shared my financial review over on this post, which features a variety of money moves I made which has me entering 2021 in a much more financially secure position than any other previous year.

You also know by now how much I love a side hustle, and I’m so excited to share with you the Year of the Side Hustle, which you can find here. Throughout 2021 I’ll be featuring a different side hustle each month, including how you can get started, interviews with people who have found success with it, and pros and cons associated.

So what is this side hustle income report?

Well this is a monthly report I love pulling together, to show how much I’ve been able to make outside of my 9-5 (and usually from the comfort of my sofa!) in the last month.

I’m always super-inspired when I read other people’s income reports, which is why I wanted to start sharing mine, along with helping to hold myself accountable to my goals.

I want to show that, regardless of how much time you have available to you, you can always make an extra tenner here or there – and this soon adds up!

Before we get into it, you can catch my last three side hustle income reports here:

Side Hustle Income Report – September 2020

Side Hustle Income Report – October 2020

Side Hustle Income Report – November 2020

Let’s get into it – how did I do in December?

As you’ll have seen in November’s side hustle income report, I wasn’t expecting great things for December. I wanted to give myself a bit of slack so I could enjoy all the festivities that you can, when in a lockdown and unable to see anybody else.

Whilst I did indeed spend a lot of time relaxing, writing, reading and video calling (along with a trip to a drive-in cinema, lots of baking and wrapping presents), I still managed to make little bits here and there which helped fund the purchase of our second Amazon private label product.

Lets look at the numbers:

Music Magpie – £20.52

I’ve never used Music Magpie before, and had always heard that it’s not really worth it, but I was pleasantly surprised.

Back in 2019 I was focusing more time on my reselling business, and in particular, concentrated on textbooks. This meant I would purchase textbooks from charity shops, on Facebook Marketplace, and from new-grads, to then ship into Amazon and sell on their platform. However, in 2020 I decided to pull away from all other Amazon business models (reselling and wholesale) to focus solely on my private label business.

I got rid of loads of the textbooks, and decided to see which – of the ones I still had at home, and not in Amazon warehouses – I could sell on Music Magpie, and I was able to make just over £20 in doing so.

Amazon Private Label

Speaking of Amazon private label, I’ve stopped reporting my Amazon totals and instead will be reporting my progress in a monthly update. You can catch my first month’s update here, and can find my ongoing updates where I’ll be recording my highs and lows, lessons and tips here.

Facebook Marketplace – £29

As you’ll have seen, last month we had an absolute blinder on Facebook Marketplace! We decluttered so many items, and managed to make £231.

However, this month, it slowed down a little. Or rather, I should say we slowed down a little.

We stopped listing as much, and if it isn’t listed, it can’t sell, so we only have ourselves to blame!

But still, I managed to get rid of a hamper basket for £5, a hair dryer for £10, a toy for £12 that we’d bought for a present and didn’t actually need, and a Swiss ball for £2 that we’d had for years, and hadn’t used for at least five of those!

Prolific – £17.10

Another month, and I’m still in love with Prolific.

Again, I’ve stepped back a little this month, what with the festive season and focusing on Funding Her Freedom, but I still wholeheartedly recommend it it if you’re looking for a survey site to try.

This month I didn’t pick up too many surveys, but the ones I did brought me in £17.10 – which, when you consider I only actually went on Prolific six times in the month, isn’t a bad return!

eBay – £37.98 (not including fees)

I didn’t really list anything new on eBay this month, so these three sales came from ones I put up a couple of months ago. One was for a skirt I bought back when I was in university for about £12, and sold for £19.99 about ten years later, so that turned out to be a good investment!

Since discovering Facebook Marketplace last month, my love for eBay is slightly dwindling, but I am still hoping to get a few more bits listed in January in advance of moving house in March.

Matched betting – £50 (ish)

Matched betting is still a great option for newbies in 2021 with some good sign-up offers currently being offered by the bookies.

It will actually be the first side hustle to be featured in my Year of the Side Hustle, and will hopefully answer any questions or concerns you may have – but I’m always happy to help if there’s anything else you need.

This month, I barely spent anytime on matched betting as my focus was elsewhere (as discussed above!) To make £50 from a couple of hours spent here and there throughout the month is a great return, and I will absolutely be continuing with matched betting in 2021.

Affiliate marketing – £25.20

As expected, this month couldn’t quite compete with last month – but still, I’m happy to report that in my first four months of blogging, I’ve been able to make £115 through affiliate marketing!

I’ve recently signed up to partner with a few new brands that I strongly believe in and use pretty much everyday, so I’m hoping this amount will increase in 2021, but I’m more than happy with this total, considering it’s passive income and I’m new to it.

Cashback – £2.02

I will forever rave about cashback sites – and if you’re not signed up to at least one already, take this as a sign!

This month, I was able to claim back £2.02 in cashback on purchases I was always going to make. Sure, it’s not a huge amount, but it all adds up, and throughout 2020 I was able to make a grand total of £134.51 of cashback on my purchases.

I personally swear by TopCashback, and if you sign up through this link, you can receive a £5 starting bonus! (In the interest of transparency, I’ll receive a commission if you do).

Side Hustle Total for December: £181.82

All things considered, I’m pretty happy with this total! I took most of the week between Christmas and New Year off to relax and strategise for the year ahead, along with enjoy the festivities of course.

We’re looking to move house in March, so January and February will be spent trying to declutter and sell any unwanted bits we’ve got lying around the house on Marketplace and eBay.

I’ll also be spending a lot of my free time on growing this blog, as I’ve got big plans for it in 2021 – starting with doubling the frequency of posts. I’m hoping to have released 100 posts by the end of the year, so my other side hustles are going to be impacted by this.

As always, I’ll keep you updated on my progress, the highs and lows, and any lessons I learn so you don’t have to make the same mistakes – and if you have any questions about any of these ventures, my Instagram DMs and emails are always open.

Here’s to side hustle success in January!

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Steph at Funding Her Freedom

Steph

Funding Her Freedom shows you how to make more money, save more money, and become financially free. If you'd like to get in touch, shoot me an email on steph@fundingherfreedom.com. Looking forward to connecting! Read More

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