A 17-YEAR-OLD has revealed she is earning £40,000 a month from a side hustle she started in her bedroom.
She said that at first her parents told her she was crazy and forbade her to start her own business, but she did it anyway.
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Marisa makes money selling slime Credit: Channel 4
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He makes it out of glitter glue Credit: Channel 4
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Makes ASMR videos for social media Credit: Channel 4
Marisa makes money by making and selling colorful slime.
She explained that she has always been very enterprising, and that she first heard about slime when she saw a video of people playing with it when she was 13 years old.
Then, while shopping with her mom, she saw blue glitter glue and decided to make slime with it.
The first people she sold slime to were her friends at school, and her business grew from there.
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Marisa’s slime business really took off when she posted ASMR videos of herself playing with slime on social media.
Autonomic Sensory Meridian Response (ASMR) is a tingling sensation elicited by certain audio or visual stimuli, which triggers an experience of low-grade euphoria.
After seeing the videos, people wanted to buy Marisa’s homemade slime.
Speaking to Channel 4, she said: “Making these ASMR videos is basically like marketing because you’re showing the product before people buy it, so they know what they’re going to get.”
The young entrepreneur’s most popular slime video has a whopping 7 million views on TikTok.
Since starting her business, Marisa has sold more than 100,000 slimes and ships them all over the world.
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She makes 10 gallons of slime a day and has created 300 different types, all of different colors, smells and shine.
Each individual slime is priced between £10-£13 and they often sell out almost immediately after restocking.
Marisa works 7 days a week at her job and said it can be difficult to find time to rest.
She is helped by most of her family, who are now fully supportive of her venture, except for her brother, who hates slime.
Do I have to pay tax on my income from work?
MANY cash-strapped people increase their bank balances in a comparative rush.
The good news is that there are many easy ways to earn extra income – but you have to know the rules.
When you are employed, the company you work for takes tax from your earnings and pays it to HMRC so you don’t have to.
But anyone who makes extra money, for example by selling things online or walking dogs, may have to do it themselves.
Stephen Moor, head of recruitment at law firm Ashfords, said: “You need to be careful if you are earning extra income, as it is likely to be taxable.
“A side hustle could be treated as taxable trading income, which could include the provision of services or the sale of products.”
You can earn up to £1,000 a year in gross income tax-free through the trade allowance, but above that you’ll usually have to pay tax.
Stephen added: “You need to apply for self assessment with HMRC to make sure you are paying the correct amount of tax.
“The applicable tax brackets and the amount of tax you need to pay will depend on your income.”
If you don’t file a tax return, you could later receive a surprise bill from HMRC asking you to pay the tax you owe – plus extra fees on top of that.
In addition to the slimes, the business owner also sells hoodies, socks and phone cases branded with the name of her company, Parakeet Slimes.
Marisa said that in the future, she would like to run a slime warehouse, so that people can buy her products in person.
“I feel so grateful that at the age of 17 I can run a business.
“I love the fact that I’m making money doing something that brings joy to people.”
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Categories: Optical Illusion
Source: HIS Education