Side Hustle 2021 Stats: With the persistence of Covid-19, interesting trends are emerging

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Key findings:

» 41% side fraudsters rely on this income to cover monthly bills, with 27% in 2020.

“Percentage of people they spend more than 15 hours a week on their side it more than doubled in 2021, increasing from 12% to 27%.

» More than 50% they have side frauds tried 3 or more different side fast in the last 12 months.

» 76% respondents predict that side travel will become even more popular in 2022.

» Finding time is the most common obstacle faced by new side hustlers (29.6% respondents).

» 48% reports of side fraudsters less time spent with friends and family as a result of their hustle and bustle.

“The results show that side scammers with a website far earn those without their own website.

Each year, DollarSprout conducts an annual Side Hustle survey to gain the pulse of side hustlers across the country. It’s 2020 big story how the economic stalemate due to COVID-19 forced many workers to find alternative ways of earning.

In 2021, as the economy more or less reopened and the pandemic began to shrink, labor shortages affected almost all industries. Restaurants are trying to get full staff back, almost every fifth health workers have left their jobs, and countless other industries are facing similar problems.

Although there are many theories as to why this is happening, the data clearly show that side effects are becoming more common in helping people bridge the income gap.

Side hustling has become more than just a hobby

Last year, a little past 1 in 4 side scammers (27%) used this revenue to cover the necessary monthly bills and expenses. In 2021, that number rose to 41%. People are more dependent on using side hustle and bustle to make ends meet.

The increased dependence we observe from side tendencies is also associated with a significant increase in commitment. Our results show that the average time spent on side paths increased in 2021.

The percentage of people who spend more than 15 hours a week on the sidelines more than doubled in 2021, from 12% to 27%:

Graph showing the trend of people spending more time on the sidelines in 2021 compared to 2020

Earnings have also increased dramatically, with almost 14% of side traffickers earning more than $ 1,500 a month:

A chart showing that side fraudsters, on average, earn more per month in 2021 than in 2020.

Despite the fact that more and more people are using side ambulances to earn for urgent expenses, enjoyment and flexibility still prevail when it comes to the most important things when choosing a side rush:

A pie chart showing that the most important thing for side scammers is to enjoy the work, followed by flexibility over time.  Compensation was ranked the 3rd most important factor.

In fact, in 2021, the most deserving are those who have tried 5 or more different types of performances, which shows that it’s worth trying out the box to see what works best:

A chart showing that those who have the most earnings are those who are willing to try new things.  More than half of the side scammers earning more than $ 1,500 a month have tried 5 or more side hustlers in the last 12 months.

Another trend of highly successful in our research study shows that side hustlers have own website those who do not:

A chart showing that side fraudsters with a website earn those who don’t have a website to promote their services.

For those who use social networks to promote their products or services, here’s how different platforms come together:

A chart showing the most popular social media platforms for marketing your side bustle.  Instagram and Facebook are at the top, followed by YouTube and TikTok

Social media is not the only online marketing tool available to new entrepreneurs. Here are ten others digital marketing skills which they do not teach in school.

As people become more and more invested in earning on the side this year, it should come as no surprise that side scammers are extremely sympathetic to the trend coming in 2022:

76% of side resellers predict that the concert economy will continue to become more popular in 2022.

Disadvantages of side hustling

Although it is the economy of concerts is booming, there are certainly challenges facing this part of the population.

48% of side torrents reported spending less time with friends and family as a result.

Less time spent with friends and family is not the only sacrifice people make. 9 out of 10 people reported at least some level of sacrifice in the performance of their side efforts, with the majority reporting multiple casualties:

A chart showing the most common sacrifices people make when they start with side ambulances.  Less time with family and friends and less free time are the main sacrifices.

Pie chart showing the biggest side obstacles.  Finding time to work and finding the right idea are the two biggest obstacles people face.

Methodology

DollarSprout.com commissioned the services of research firm Pollfish to conduct the survey. The total sample size was 500 adult Americans, all of whom reported being mistaken at the time of the study. All numbers, unless otherwise stated, are from Pollfish. The survey was conducted online in October 2021 and complies with strict quality standards. The results include a 5% error rate. Respondents had to answer each question truthfully and to the best of their ability.

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