Lucrative Opportunities: Australians' Diverse Income Streams

how do people in australia make money

With the cost of living rising, many Australians are looking for ways to make money. Some people are taking on second jobs, while others are turning to online side hustles. Australians can make money online through websites like Etsy, eBay, and Facebook, or by renting out their property or spare parking spots. Others are selling old items, such as smartphones or clothing, or tutoring people online. Some are even becoming social media influencers or content creators. Those seeking more immediate income are turning to odd jobs or temp agencies, with some sources recommending dog walking or ridesharing services.

Characteristics Values
Number of people with more than one job 950,000
Number of people with more than one job (increase over past 12 months) 89,000
Online options Websites that pay for opinions on TV shows, shampoo or dog food
Etsy
Drop-shipping through AliExpress, Shopify, eBay, Facebook, Instagram
Micro-influencing on Instagram, TikTok, Twitch
Online tutoring
Offline options Renting out rooms, parking spots, or cars
Cleaning business
Odd jobs through Airtasker
Selling old items online or at garage sales
Identifying and buying desirable domain names
Forgotten funds More than $2 billion in unclaimed money sitting in a government account

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Become a tutor, influencer, or dog walker

If you're looking for ways to make money in Australia, you could consider becoming a tutor, influencer, or dog walker. Here's some information on each of these options:

Tutor

Tutoring can be a great way to earn money, especially if you have expertise in a particular subject. Platforms like Learnmate connect tutors with students across Australia, offering both online and in-person tutoring opportunities. Learnmate has a tier system that rewards tutors for their impact and consistency. Tutors can increase their visibility and decrease their fees by moving up the tiers, which they do by taking on students and receiving reviews. Learnmate tutors can find work in a range of subjects, including English, maths, science, languages, and more.

Influencer

Influencer marketing is a growing industry in Australia, with platforms like Pickstar connecting influencers with brands for marketing, sponsorships, and brand collaborations. As an influencer, you can collaborate with brands to create meaningful campaigns that resonate with your target audience. However, it's important to be aware of the legal responsibilities outlined by the Australian Influencer Marketing Council's (AIMCO) Code of Practice, which includes advertising disclosure requirements and industry standards set by the Australian Association of National Advertisers (AANA).

Dog Walker

Dog walking is another option for those seeking flexible work. Platforms like PetCloud help dog walkers find clients and manage their bookings. To become a dog walker on PetCloud, you must be 18 years or older and complete an Accredited Dog Walking & Pet Care course, which covers important skills like risk recognition and handling situations. PetCloud also offers insurance to protect you and the pet owner from large veterinary bills in case of an accident. Factors that can impact your income as a dog walker include client turnover, dog illness or death, weather, and holiday periods.

These are just a few options for making money in Australia, each offering its own unique advantages and considerations.

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Rent out your property, parking space, or car

Renting out your property, parking space, or car is a great way to make some extra money. Here are some things to consider when renting out your assets in Australia:

Renting out your property

If you have a spare room or granny flat, consider renting it out to someone looking for a place to stay. This can provide you with a steady income and help someone in need of accommodation. However, before renting out your property, it is important to do your research and understand the terms of your home insurance policy. You should also be aware of any relevant laws or strata bylaws that may apply.

Renting out your parking space

If you have an unused parking space, you can rent it out to drivers looking for convenient and affordable parking options. Websites and apps such as Parkhound and Spacer connect drivers with hosts who have spare parking spaces. The income you can generate from renting out your parking space depends on the location, with spots in busy cities like Sydney or Melbourne commanding higher prices. However, remember to check that you own your parking space and get the necessary consent from your landlord or owners' corporation before leasing it out.

Renting out your car

If you're not using your car all the time, you can rent it out to others who need a set of wheels. This can be a great way to offset the costs of car ownership and generate some extra income. Ensure you understand the legal and insurance implications of renting out your car and consider using a reputable platform that provides insurance coverage for peace of mind.

By leveraging your assets, such as property, parking spaces, or vehicles, you can create additional income streams and maximize the value of your investments.

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Sell old items or handmade goods online

If you're looking to sell your old or handmade items online in Australia, there are several options available to you.

One popular platform is Etsy, which provides a marketplace for handmade and other items. It takes a little longer to set up on Etsy compared to eBay, as you need to create a shop and ensure each product has a comprehensive description and good-quality photos. However, with an estimated 90 million active buyers, it could be worth the effort.

Another option is to sell your items on eBay or Facebook. This method is particularly suitable for those who want to try drop-shipping, which is a 'fulfillment method' used by retail businesses. Drop-shippers buy goods from a third party and then have them shipped directly to customers, meaning you don't need to hold any stock. To make a profit, you need to identify products that will sell in Australia and advertise them at a higher price than you buy them for.

If you're looking to sell handmade items specifically, there are several Australian platforms that support local makers, including The Old Auction House and The Make It Collective. These platforms offer opportunities to sell your handmade products in retail spaces, pop-ups, markets, and online stores.

For those looking to sell second-hand items, markets like the Camberwell Sunday Market and SH Market are great options, as people attend intending to buy, and you can sell a lot of goods at once without worrying about postage. Online platforms like Gumtree and Facebook Marketplace are also useful for selling second-hand items, and they offer the convenience of local pickup for buyers.

Lastly, if you have any old tech items like smartphones, cameras, or games consoles, you can sell them on platforms like Cash Converters or trade them in at stores like Officeworks or Apple Australia for instant cash or store credit.

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Identify desirable domain names and buy them

One way to make money is to identify desirable domain names and buy them. This strategy is all about predicting which domain names will be in high demand in the future and snapping them up while they're still affordable.

  • Keep it short and memorable: Aim for a domain name that's easy to spell, pronounce, and remember. A shorter domain name, ideally under 15 characters, is less prone to typos and more likely to be recalled by potential visitors.
  • Incorporate keywords: Using relevant keywords in your domain name can improve your search engine rankings and help visitors understand the nature of your website or business. However, don't overload the domain name with keywords, as this can make it lengthy and less memorable.
  • Choose a suitable domain extension: The most common domain extensions are +.com, +.org, and +.net. +.com is generally recommended for its credibility, memorability, and versatility. However, other extensions like +.ai, +.io, or country-specific TLDs like +.co.uk or +.us can be suitable for certain niches or local audiences.
  • Be creative and unique: With many domain names already taken, creativity is key. Combine keywords with other words to create a unique and memorable domain name that stands out from the competition.
  • Check availability and trademarks: Before settling on a domain name, ensure it's available across social media platforms and isn't trademarked or similar to existing brands to avoid legal issues and customer confusion.
  • Research and negotiate: If you have a desirable domain name in mind that isn't listed for sale, you can try to acquire it by researching the owner and initiating respectful and professional communication. Propose an offer based on your research and understanding of the domain's value.

By following these steps, you can identify and acquire desirable domain names, which can be a lucrative way to make money online.

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Get a side hustle, like delivery or cleaning

If you're looking for a side hustle in Australia, there are many options to consider, including delivery and cleaning services.

Delivery Services

With the rise of food delivery platforms, becoming a delivery driver is an excellent way to earn extra income. You can sign up with well-known apps such as Uber Eats, DoorDash, Grubhub, Postmates, or country-specific apps like Menulog in Australia. These platforms offer flexible schedules, allowing you to choose your working hours and receive delivery assignments accordingly. It's a great option if you have a vehicle and prefer working without passengers.

Cleaning Services

Cleaning is another profitable side hustle. You can offer various cleaning services, such as pool cleaning, car washing and detailing, or even helping people organise and clean their homes. If you have an eye for detail and some basic equipment, you can provide high-quality cleaning services that are in high demand.

Other Options

In addition to delivery and cleaning, there are numerous other side hustles you can explore:

  • Hospitality work: Working in hospitality, such as covering shifts for wait staff, can be a great way to earn extra income with minimal training required.
  • Online tutoring: If you have expertise in subjects like maths, science, or English, you can provide online tutoring services through video calls.
  • Photography: If you have a passion for photography and a good camera, you can offer your services for events, portraits, or businesses.
  • Social media management: Helping businesses manage their social media accounts, including creating content, scheduling posts, and analysing engagement, is a valuable skill that can be offered as a side hustle.
  • IT support: Many people require help with tech problems, so if you have the skills, you can provide IT support services, including troubleshooting software and hardware issues.

These are just a few examples of the diverse side hustle opportunities available in Australia. Whether it's delivery, cleaning, or something else, there are numerous ways to boost your income and work towards financial independence.

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