Fact file
Genevieve Rosen-Biller
Co-founder of online homewares start-up Bed Threads. Aged 29; lives in Bondi
Graduated as a journalist from Sydney’s UTS, later working for online publications. In her first year as a journalist she interviewed Brad Pitt and Kim Kardashian. Credits her focus on a healthy diet and being able to sleep well.
Side hustles have been around for about as long as the working week. For many people a second job is often the only way to pay the mortgage, afford a holiday or escape from the daily grind. The digital age opens an enormous choice to moonlighters, and they are grabbing the opportunity big time. The internet makes it easier to rent out a spare room, drive people around town or sell widgets. About one in four now work outside their regular jobs, according to a recent NBN report, which also found the aspiration to do so is big among those aged 20-38. Consulting firm Deloitte said in its latest Millennial Survey that half of respondents wanted to quit full-time employment and join the gig economy in the next two years.
Genevieve Rosen-Biller’s side hustle – selling linen sheets online – has grown rapidly since its launch two years ago. Her venture Bed Threads appeals to the millennial market but others also come for the low price point and quality. Sales grew by 325% in the year to February, she says, and continue to rise. The business stopped being a side hustle a while ago. It now provides full-time work for four people – Genevieve and her husband Alan, who has a background in logistics, a customer service manager and a content editor. There is also a part-time social media expert who handles the main Instagram and Pinterest sales channels.
Bu hikaye Money Magazine Australia dergisinin July 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Money Magazine Australia dergisinin July 2019 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.