Let’s get Hustling!
“Do what your passionate about or earn enough money to DO what your passionate about”
The side hustle, the part-timer, the second-job. It’s all the same. It’s that little extra something to help get ahead!
It’s important to understand that the side hustle really is something that’s needed in a time of growth. It’s crazy to think about but the reality is working a Job basically has a ceiling to it with how much you can earn and you really can’t earn more than your wage, unless of course you work on commission.
What exactly is a side hustle, well it’s making more money than your 9-5 job! It’s that simple.
…Simple but not so simple
Why is it not as simple as it seems!
You don’t have to go too far on the internet googling “side hustle” to figure out there is a lot of opportunity out there. But is there? Well, yeh but not without work. Sometimes, myself included here, I like the idea of extra money but without too much effort. That’s not a reality though. Maybe in time and with creativity it is possible but you’ll know when that’s happening. In the meantime you need to work and put some extra effort in!
I thought I’d compile some side hustle ideas to help you get started. Getting started is the hardest part. Always is, always will be.
These ideas for side hustles, I’ve either tried them myself or personally know others who have. I want to keep it real. None of this internet mumbo jumbo, this is real stuff here.
I’ve made a point of asking people what they do, do they do it on the side and cough cough how much do you earn! Surprisingly most people are pretty candid in their response and if you're reading this, thanks for being that way. It really helps to share our testimonies, trials and errors!
So without further ado, I shall share my own side hustle journey before going onto who’ve I’ve met along the way!
1. Coach
Horse Riding Instructor
Find your niche in your skill and start coaching people. I did this from late teens to mid 20’s with horse riding. Even before I was fully qualified I started teaching kids on the side and nervous adults for cheap. That cheap coaching back then (then being nearly 30 years ago) earned me about $200 per week...covered the cost of my own lessons and feeding those darn horses!
2. Sell Stuff
One day I walked into a shop and loved their range of gumboots. I decided to see if I could find a supplier online and see if I could make money selling them on Ebay. Now my oldest child was 2 so that was 14 years ago. I found a supplier called Colours of Australia. They let me buy small amounts and sell them. I sold designer raincoats, gumboots, umbrellas, hats, little plant thingies.
This little side earned me over $800 per week and quickly became a full time job.
3. Share Trading I started without knowing much and only put about $500 into it. On average I earned about $200 extra per week. Sometimes I lost more than I earned due to lack of knowledge but ultimately I profited. Was a fair amount of work and a bit stressful but in the end was worth the extra effort. I do still dabble a little but I prefer my investments to be long term. I’m not really a trader.
4. Newsletter writing
This I loved. Was just a newsletter per week, there was a fair amount of research involved, lots of time 5 hours but it earned me $100 per week!
5. Printing on Demand!
I was hopeless at this but there is good money to be made if you're slightly creative. My issue was I couldn’t get my ideas into print without having to pay someone to create them because I’m not artistic! A friend who is artistic was making about $250 per week. Good money with little outlay. A fair amount of time in the beginning but once created the results were huge. Last checked I’m pretty sure she’s earning more than the $250 but I don’t want to exaggerate.
Creative Side Hustlers I’ve met!
6. Network Marketing
Now don’t poo poo this, I know it’s got a bad wrap but seriously there is opportunity here if you don’t make all your friends into prospects :)
The opportunity with this is huge. Especially with the internet now. I did it in my 20’s and I remember being surprised with how much I made. I can’t give you a dollar amount as I can’t remember. I do know some people in various ones now and have asked them for some truth! I could write lots about this even though I currently don’t do it but if I needed a side-hustle this is one area I’d look into again. You get training, community and opportunity. But again, don’t make your friends into prospects, they are your friends….unless it happens organically.
Part time, 10-15 hours per week, been involved for 3 years and earning $500 per week.
Part time, 20 hours per week, mostly internet contacts $400 per week, been involved for a couple of years.
Very Part Time, max would be 10 hours per week earning about $200.
5. Pet Feeding
This is brilliant, it does vary and is seasonal but if you're in the right area and keep yourself affordable you can earn some decent money. The person I spoke to says in the off season they earn around $200 per week for about 5 hours work and in the good season this could be as much as $1000 per week or more but becomes a bit more full time hours.
6. Secret Shopper
I didn’t know this actually existed but someone was telling me just for doing some online stuff and secret shopping and surveying they were earning about $100 per week for about 5 hours work.
7. Saturday Job!
One of my kids works on Saturdays cleaning in a beauty spa and earns about $120 for the day!
8. Buying and selling stuff
You’ve heard the saying, someone's junk is someone else’s treasure. There is definitely a market for this. A lady I was chatting with said she drives once per month on council clean-up days around the more affluent areas and fills her car up with ‘stuff’ then goes and sells it online. She makes a tidy profit of an average of $300 per week.
Some other ideas!
9. Upstyling, Upcycling!
Old pieces of furniture fixed, painted and resold.
This is a great little side hustle.
Like everything though it takes time, effort and some creativity. There are some wonderful paints and designs out there that actually transfer onto furniture to give you some great looks. You need to know your market and your niche!
10. You creative types
Being creative isn’t enough. Sorry but that’s a reality, there are a lot of starving artists out there in the world. So, what’s going to set you apart. For starters use your creativity in a niche market where there are buyers. Test your market. Just because you like something doesn’t mean everyone else will but if you find a niche you can work your creative wonders and then go for it. People pay a fortune for getting their animals drawn. That’s just one idea.
Some other Suggestions that could work!
“When did we become so big that we can’t do the little jobs”
11. Uber Driver
12. Uber Eats
13. Menu Log
14. Art Classes
15. Tutoring
16. Cooking Lessons
17. Ready made meals
18. Babysitting
19. House Sitting
20. Cleaning
21. Fiverr - if your creative
22. Freelancer, Airtasker
23. Odd Jobs
24. Referrer, refer people to finance, houses sales, etc. (I’ve done this! Should be up the top!)
Important Info regarding Side Hustles
It takes money…..depending on your side hustle
* Self Financing. Save, scrape, save and scrape so you can get started. Do your
research and then back yourself.
* I don’t love loans but if it’s for making money there is the odd exception,
money making money but a personal loan is higher interest and you know, possibly is better to save!
* Sell stuff, clear the cupboards, sacrifice and sell sell sell
* Borrow from close family and friends, this is risky though as money can sometimes create issues.
Don't forget tax!
Side gigs can be a lot of fun, but you're still required to report this income to the Australian Tax Office (ATO) alongside your everyday earnings.
In Australia, the first $18,200 that you earn is considered tax-free as it's in the tax-free threshold. However, you can't claim that tax-free threshold twice so if you have a second job or start a business on the side, the second income will be assessed for tax.
How much will you pay in tax?
The tax office will take a look at your total taxable income for the financial year. So if you have a side hustle it's a good idea to set aside money from that income to pay for your tax at the end of the financial year.
Take your total projected income and look at the official tax brackets to get an idea of how much you'll need to pay.
Resident tax rates 2020–21
Taxable income
Tax on this income
0 – $18,200. Nil
$18,201 – $45,000. 19 cents for each $1 over $18,200
$45,001 – $120,000. $5,092 plus 32.5 cents for each $1 over $45,000
$120,001 – $180,000. $29,467 plus 37 cents for each $1 over $120,000
$180,001 and over. $51,667 plus 45 cents for each $1 over $180,000
The above rates do not include the Medicare levy of 2%.
Resident tax rates 2019–20
Resident tax rates 2019–20
Taxable income
Tax on this income
0 – $18,200. Nil
$18,201 – $37,000. 19c for each $1 over $18,200
$37,001 – $90,000 $3,572 plus 32.5c for each $1 over $37,000
$90,001 – $180,000 $20,797 plus 37c for each $1 over $90,000
$180,001 and over $54,097 plus 45c for each $1 over $180,000
The above rates do not include the Medicare levy of 2%.
What are the insurance requirements of a side hustle?
Keep in mind that certain side hustles may require you to get the right type of business or personal insurance. Ever side hustle is different, but as a general rule of thumb:
If you're running your side hustle as a business out of your home you might need property insurance to cover your equipment and product inventory.
If there's a possibility a client could sue you if they're not satisfied with your work, professional liability insurance could protect you against legal claims.
If you interact with the general public, you might need public liability insurance to cover in case an accident happens
A small business insurance package can protect you from a host of unexpected costs like theft, loss of assets, or injury to a client who sues for damages.
Start out with even a small side gig, and you may be surprised at how quickly it takes off. It could just become your main source of income.
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