Self-employed service professionals earn more than double employed professionals

Deciding whether to go self-employed is one of the biggest questions service professionals ask themselves. There are obvious pro’s and con’s, however many have made the transition in the UK, which has seen a steady rise in the number of self-employed people since 2001. In fact self-employed professionals now account for more than 15% of the UK’s workforce*.

This is why we decided to find out whether self-employed professionals get paid more than their employed counterparts.

The research we conducted took a few months to collect, and relied on more than 20,000 of our service professionals, across 11 of our biggest categories, filling out a financial questionnaire on what their salary was last year before tax. We compared all 20,000 salaries with the average salary for that profession according to the latest pre-tax data from the Office of National Statistics**.

Once we received all of the results, one thing held firm across every category: self-employed people earn significantly more. In fact, on average self-employed service professionals earn 103% more, or twice as much.

The sectors which we researched were: plumbers, electricians, personal trainers, builders, landscape gardeners, counsellors, cleaners, painter and decorators, photographers, private tutors and carpenters.

According to our findings, the profession which experiences the biggest increase in earnings when going self-employed is landscape gardening, with providers earning 198.9% more on average – almost four times as much. They are followed closely by carpenters, who’s salaries can increase by 185%  when they become self-employed, on average.

Builders also see a significant increase in earnings when working for themselves, with the average salary going up by around £47,120 a year. On top of this, counsellor’s salaries increase from £23,754 a year to £45,111, an increase of almost 90%.

Here is a full list of the percentage increase in earnings for each sector we looked at:

  1. Gardener – 198.9%
  2. Carpenter – 185.3%
  3. Builder – 181.3%
  4. Personal Trainers – 91.8%
  5. Counsellors – 90.4%
  6. Photographer – 78.2%
  7. Cleaner – 76.6%
  8. Electrician – 59.1%
  9. Painter/decorator – 57.4%
  10. Plumbers – 50.5%
  11. Private tutor – 39.2%

We also asked 5,000 of our self-employed professionals a few questions on their lifestyle since they started up on their own.

More than half (53%) said they work more hours as a self-employed pro, two thirds (65%) answered they feel more stressed and more than three quarters (77%) said they have more job satisfaction now they’re self-employed.

Kai Feller, Bark.com co-founder, said,

“At Bark we work with thousands of self-employed sole traders, and thought it would be interesting to see how much they earn a year, compared to their employed counterparts. The survey took a good couple of months, but was well worth the wait, because the results speak for themselves – being self-employed results in a much higher income. We were expecting them to earn more, but almost double on average is a huge increase.

“That being said being self-employed comes with a lot more work, responsibility and pressure more often than not, it’s definitely not a career choice to be taken lightly.”

*https://www.bbc.co.uk/news/business-44887623

**https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/bulletins/annualsurveyofhoursandearnings/2018

 

How to make the most out of the Summers evenings

Summer – it’s definitely one of the best times of the year. The evenings are longer, the sun is (mostly!) shining and everyone seems to have a spring in their step. Let the good times roll…. for the time being. We’re soon to be faced with the dark, dreary monster that is… WINTER.

When Winter rolls in and you find yourself dreaming about long summer evenings, don’t live in regret having spent your sunnier days curled up re-watching episodes of Breaking Bad on Netflix!

But do you need some inspiration? Don’t fret – Bark have got you covered, with some of the best ideas for Summer evening activities. It’s time to make the most of the season, creating some special memories with your mates along the way.

Park life – Want to boost your mood and physical energy? Then ditch the gym membership and get yourself to the park! Even the experts agree; according to Jo Barton of the University of Essex exercising in the fresh air could be “life-changing”. Yes – life changing! And not only that, exercising in nature also “lifts your mood and boosts your self-esteem”. Still not convinced? Why not bring the world of the gym outside with you by hiring the best personal trainer to put you through your paces? Sign us up – ASAP!

Break a sweat in the great outdoors
Break a sweat in the great outdoors

Awaken your inner adrenaline junkie – Use the Summer to push yourself out of your comfort zone. Why not take a trip to the UK’s first inflatable sports aqua park? Or enrol in Flying Trapeze School? Take the plunge and do something a little different – it will give you something new to chat about in work on Monday!

inflatable aqua park
Take the plunge!

Host a garden party – We’re all for parties at Bark.com. Any old excuse will do! While we’re all too used to partying indoors, Summer gives us an opportunity to take the fun (and the dancing) outside. With the help from a Bark.com gardener, turn your garden into the perfect party paradise. Simple touches can help set the vibe – be it themed décor to ambient lighting. White holiday lights are perfect for a Summers evening; string them along fences and wrap around small bushes. If you really want to impress your pals, why not hire a bartender to keep the drinks flowing all evening? It’ll be the party your neighbours wish they had organised…

Garden party
Make your neighbours jealous…

Visit a rooftop bar – Taste the high life by relaxing with friends at a rooftop bar long into the Summer evening. These top rooftop bars across the UK are perfect for a sunny tipple, often with fantastic sights and views to boot!

Dance the night away – Let’s face it, the British weather is very unreliable. We can’t enjoy the great outdoors when the rain is pouring down in the middle of July, but we can still act like the sun is splitting the rocks – right? Why not get your sunny disposition straight to the dancefloor? Not only will you increase your exercise levels, but you’ll have fun and meet new people at the same time. Happy mind, happy body. With the rise in popularity of TV shows like Strictly Come Dancing, many people across the UK are taking up ballroom dancing lessons. Maybe one day you’ll be so good that you’ll perform at events, or feature in the next series of Strictly? Your dancefloor awaits you…

dancing class
Get your dancing shoes on!

A Summer well spent brings a year of content – so make the most of what is left of yours!

For more Bark.com top tips, why not check out our other blogs?

Have our suggestions inspired you? Or have you found a quirky Summer activity? Let us know what has been memorable this Summer!