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Published 13:25 19 Sept 2021 BST
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She said: "I'm going to step into the beauty world and I'm starting a company which has been really exciting.
"We've been working on it now since the very beginning of the pandemic so we're almost two years into it.
"I feel like for the first time ever I know this is where I'm supposed to be and this is what I'm supposed to be doing."
While her comments were vague, fans have discovered an Instagram page that the 24 year old is following called Rhode, after her middle name.
TMZ also reported that Hailey has filed for a trademark for Rhode, a beauty, skincare, and wellness brand.
The trademark covers "wellness merch, bath and shower products, beauty creams, personal cleaning products, cosmetics, makeup, fragrances, haircare, and skincare," according to the site.
She added: "I want to make products that people can get their hands on, that are affordable, that they can enjoy, that really work.
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