Greg Zakowicz, Senior E-commerce Expert at Omnisend, comments: “The British entrepreneurial spirit is in full swing with millions of people looking to set up their own side hustle to boost their earnings. The Covid-19 pandemic and the ensuing cost-of-living crisis have driven many people to find innovative ways to make money online.”
“Popular e-commerce sites like Vinted, Depop and Etsy have amassed millions of fans that use the platforms to sell their products, but it is surprising just how much money Brits are taking home from setting up their own shopping business.
“What’s often overlooked is the growing competition in the side hustle space. As it has become easier to sell goods, crowded marketplaces for products and freelance work leave most people stuck earning smaller amounts.
“However, with over one million adults earning more than £1,000 per month, there’s potential for significant income. Scaling these casual operations often requires making their side job their primary one – a risky step that many Brits are considering, but don’t take the plunge.
“Dropshipping has surged in popularity following the downfall of catalogue shopping and the rise of digital marketplaces has clearly made it a scalable business model.”
2024 RTIH INNOVATION AWARDS
E-commerce is a key focus area for the sixth edition of the RTIH Innovation Awards, which is now open for entries.
The awards, sponsored by Scala, CADS, 3D Cloud, Brightpearl by Sage’s Lightning 50, and Retail Technology Show 2025, celebrate global tech innovation in a fast moving omnichannel world.
Key 2024 dates
Friday, 25th October: Award entry deadline
Tuesday, 29th October: 2024 shortlist revealed
30th October-6th November: Judging days
Thursday, 21st November: Winners announced at the 2024 RTIH Innovation Awards ceremony, to be held at RIBA’s 66 Portland Place HQ in Central London.