AN NHS nurse has opened up on her plans to quit her job to pursue her savvy side hustle full-time.
Sophie, 35, a reseller from SB Reselling Co, recently spoke on The Everything Reselling Podcast, with Car Boot Chris, a reseller and YouTuber, to open up about how she earns cash.
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Whilst Sophie is currently an NHS nurse, back in January 2022, she started reselling as a side hustle – and is now eager to quit her career and pursue this reselling full-time.
Sophie explained that she has been qualified as a nurse for 13 years, and has worked for the NHS since 2006.
And whilst she started reselling as a way to earn some extra cash in the cost-of-living crisis, she now has a buzz that she wants to explore further.
Opening up about her side hustle on the podcast, Sophie revealed: “Reselling for me was a bit of a side hustle to start with, to get some extra pennies, instead of doing extra shifts at work all the time.
“But I really got the buzz when I started getting sales and now I would like to be a full-time reseller.”
Sophie explained that she has been in healthcare since she left school. She shared that she started as a healthcare assistant when she was 17, did her training at 19, and then qualified in 2011.
She continued: “Whilst I’ve enjoyed my time and had a good career, I always wanted to have my own business.
“I’ve found something that I enjoy doing and I think life is too short to just do one thing your whole life.
“I tried print-on-demand, didn’t really work, I tried dropshipping, didn’t really work.
“After trying other things, I just thought, I’m going to take it back to basics.”
Sophie began reselling by flogging her old clothes on eBay, but now hunts through charity shops and looks on Vinted to find items that she can sell on for a profit.
The side hustler claimed: “I started with a couple of things around the house. Then I ventured into charity shops.
I started with clothes, because when I started I was emptying out bits from my wardrobe
Sophie
“Now, my flat is like a warehouse. I’ve pretty much lost my flat to boxes.”
Currently, Sophie is a part-time reseller and a part-time nurse, but she is eager to quit her NHS job and do reselling full-time.
She explained: “I’m ready to take that plunge. I’m not getting any younger.
“I started with clothes, because when I started I was emptying out bits from my wardrobe.
Do I need to pay tax on my side hustle income?
MANY people feeling strapped for cash are boosting their bank balance with a side hustle.
The good news is, there are plenty of simple ways to earn some additional income – but you need to know the rules.
When you’re employed the company you work for takes the tax from your earnings and pays HMRC so you don’t have to.
But anyone earning extra cash, for example from selling things online or dog walking, may have to do it themselves.
Stephen Moor, head of employment at law firm Ashfords, said: “Caution should be taken if you’re earning an additional income, as this is likely to be taxable.
“The side hustle could be treated as taxable trading income, which can include providing services or selling products.”
You can make profit of up to £1,000 a year tax-free via the trading allowance, but over this and you’ll usually need to pay tax.
Stephen added: “You need to register for a self-assessment at HMRC to ensure you are paying the correct amount of tax.
“The applicable tax bands and the amount of tax you need to pay will depend on your income.”
If you fail to file a tax return you could end up with a surprise bill from HMRC later on asking you to pay the tax you owe – plus extra fees on top.
“I do also like selling video games, consoles, Le Creuset, I like to get my hands on and sell.
“I’d like to get a good amount of money behind me [before I do reselling full-time]. I know there’ll be a lot of rainy days.
“I need a good nest egg behind me – I think really [I need] about £10-£15k.
I’ve done almost 20 years with the NHS anyway, it’s time to do something else
Sophie
“Once I’ve got enough [money] behind me, or I’m consistently doing £400 a week, then that’ll be time.
“I think because of work, it’s hard to list [items] every day. And if you’re not getting the sales, you don’t have the money to get more stock.
“I’ve got to keep plugging away at it.
“My mum said ‘it’s such a waste’, but it’s not. I’ve been qualified for 13 years now, I’ve done almost 20 years with the NHS anyway, it’s time to do something else.”
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