The Rise of Side Hustles
Side hustles have taken over the world. Whether it’s someone flipping vintage clothes on Depop, launching an Etsy store for personalised gifts, or running a YouTube channel that reviews tech gadgets, there’s a booming market of everyday people cashing in on their passions.
Maybe you’ve never thought about making money from those people making money? Well, there is a way to do just that. Enter: company formation businesses.
Why Company Formation Matters
With the cost of living rising and job security feeling more like a nostalgic concept than a reality, it’s no wonder people are diversifying their income streams. An increasing number of people are transforming their side projects into full-fledged enterprises, whether it be freelancers or small business owners. And what do all prosperous companies eventually require? A suitable legal framework. That’s where company formation comes in.
Many side hustlers start as sole traders, but as their businesses grow, they realise the benefits of forming a company. Limited businesses frequently provide tax benefits, increased credibility, and protection against personal liability. But starting a business isn’t precisely a “one-click” operation. Legal criteria, documentation, and registration must be completed. This is why company formation services are needed.
How to Make Money Helping Others Make Money
But how can you profit from this growing trend? If side hustles are booming and more people are setting up companies, then company formation businesses are an absolute goldmine. Here’s why:
- The Demand is Constant – Every day, new businesses are being created. The entrepreneurial wave isn’t slowing down anytime soon.
- It’s Scalable – Unlike selling physical products, a company formation service can be largely automated using top-notch incorporation software, meaning low overheads and high returns.
- It’s a Niche with Longevity – People will always need legal business structures, and governments aren’t likely to make the process easier without third-party help.
How eFiling Makes Company Formation Easy
EFiling is the perfect platform to help your company formation business work efficiently and profitably. As the UK’s leading online company formation provider, eFiling offers a comprehensive, automated solution that simplifies and streamlines the registration process. Here’s what sets it apart:
- Full Integration with Companies House – eFiling guarantees a smooth registration process, reducing errors and saving time.
- Automation of Company Formation – Almost every process of starting a business is automated, allowing you to focus on building your business rather than becoming bogged down in paperwork.
- Maximised Upsell Opportunities – eFiling assists formation agents in increasing revenue by providing supplementary services such as business bank accounts, tax registration, and virtual office services.
- Industry-Leading Technology – eFiling keeps up with the latest business regulations, ensuring that you and your clients remain compliant.
Making money from people who are making money is a smart business move. With the rise of side hustles, more people are looking for legal assistance in starting and running their “hobby” as a full-fledged business. By tapping into this market, you can build a lucrative business that benefits from the entrepreneurial boom.
Get started with eFiling today and take advantage of the growing demand for company formation services
