20. Storage Space Rental
Got unused garage space, a shed, or spare room? Platforms like Spacer and Storemates connect you with people needing storage solutions for essentially passive income.
Popular storage needs include furniture during moves, business inventory, recreational vehicles, and seasonal items. Secure, clean, accessible spaces command higher rates, especially in expensive inner-city areas.
Once you’ve set up your space properly, the ongoing time commitment is minimal. You’re essentially earning money from space that would otherwise sit empty.
What you can earn: $50-$300+ per month Time you’ll spend: 2-5 hours per month How to start: Clean and secure your space thoroughly. Take professional photos highlighting security and accessibility features. Price competitively against traditional storage facilities.
Insider tip: Storage hosts who offer additional services like accepting deliveries for stored items can charge premium rates for added convenience.
Making Your Side Hustle Actually Work
Don’t Go Overboard Initially
Tempting as it is to sign up for everything, start with one side hustle and get good at it first. Spreading yourself thin across multiple opportunities usually leads to mediocre results everywhere rather than success anywhere.
Keep Records (Your Future Self Will Thank You)
Track every dollar you earn and every expense you can claim. Apps like QuickBooks make this easier, but even a simple spreadsheet works. Tax time becomes much less stressful when you’ve been organised all year.
Understand What’s Required Legally
Some side hustles need ABNs, specific insurance, or professional licenses. Research requirements upfront rather than sorting out compliance issues later when you’re already earning.
Protect Your Day Job
Your side hustle should enhance your financial situation, not jeopardise your primary income. Set clear boundaries about when you’ll work on side projects and stick to them.
Frequently Asked Questions
What are the most popular side hustles in Australia?
Food delivery and rideshare driving top the list because they’re easy to start and offer immediate income. Freelance services like writing and virtual assistance are growing rapidly as more businesses embrace remote work.
How much can I realistically earn from a side hustle?
Most Aussies doing side hustles part-time earn $200-$1,000 monthly. Those treating it more seriously and working 20+ hours weekly often hit $2,000-$5,000+ monthly. Your earnings depend entirely on time invested and chosen opportunity.
Which side hustles work completely online?
Virtual assistance, freelance writing, online tutoring, social media management, graphic design, dropshipping, and digital coaching can all be done from home with just internet access.
Do I need an ABN for my side hustle?
You’ll need an ABN if you’re earning over $75,000 annually or operating as a business rather than hobby. All side hustle income gets declared on your tax return regardless of amount, but you can claim legitimate business expenses.
How do I avoid side hustle scams?
Stick with established platforms that have review systems. Research companies before providing personal information. Trust your instincts – if something seems too good to be true, it probably is.
Time to Get Started
The best side hustle matches your skills, interests, and available time while actually improving your financial situation. Whether you’re covering grocery increases, building emergency savings, or working toward a specific goal, opportunities exist to make it happen.
Stop waiting for perfect conditions. Every successful side hustler started exactly where you are – with an idea and willingness to take action. Pick one opportunity from this list that speaks to you and take a concrete step today.
Your bank account is waiting. What’s your move?
