I turned my £400 side hustle into a business making £200,000 a year – here’s the secret to my success
AN ENTREPRENEUR was able to turn his £390 side hustle into a six-figure business – and he attributes his success to three key factors.
Mark Voronov is the founder and CEO of SocialPlug, an Estonia-based business which provides digital marketing services – but he had humble beginnings.
Mark began his side hustle in June 2022, with only a few hundred pounds – but in less than a year, he made nearly £8,000.
Mark said: “Growing a side hustle into a successful business requires a combination of hard work, dedication, and strategic planning.
“In my experience, one of the most critical factors in this process is identifying and responding to customer needs effectively.”
The team Mark began his company with have strong marketing backgrounds, making them perfect to accelerate the business to success.
Thanks to his hard work and marketing expertise, Mark now makes over £200,000 a year.
He said the key to success is time, patience, and a lot of hard work.
Mark added: “It is crucial to keep an open mind, identify opportunities, and adapt to changes in the market.”
Now, Mark works as a social media expert and provides advice to businesses on marketing strategy.
He said: “It is necessary to keep in mind that the growth trajectory varies depending on multiple factors such as the type of business, industry, and location.
“Thus, it is essential to provide a clear and comprehensive breakdown of the revenue streams, expenses, and profits.”
A music teacher quit her job to take her side hustle full time – and her sales now double every year.
Elonor Tivey, 47, has farmed bright peonies on a seven acre field near Osgathorpe, Leicestershire since 2017.
Elonor sends flowers in refrigerated vans to weddings and florists across the country and says sales have doubled every year since her first harvest in 2021.
She will soon be reaping an extra 2,500 plants once a two acre expansion planted last year starts flowering in 2025.
Elonor says British-grown peonies are always “catnip” for flower fans – and that the demand for homegrown blooms is growing.
Another mum launched a successful business with only £3 – and now makes over £32,000 a month.
Tegiye Mimi-Ozalp, from Melbourne in Australia, launched a 100 per cent natural deodorant range after worrying that toxins were affecting her newborn baby.
To avoid throwing her family savings into a risky new business, the mum-of-four came up with a cunning trick to raise funds.
Every time Tegiye went to the shops or got a coffee, she put aside £2.68 ($5AUD).
She saved up £800 ($1,500AUD) in just four months, allowing her to launch her business Saf Organics brand – which now makes £32,000 ($60,000AUD) a month.
Saf Organics came away with a £5,357 ($10,000AUD) profit in its first month after selling out of natural deodorant on its opening night.