Editor-DN
A young man from Australia told how he Left his job And is now on track to earn over $160,000 as his own boss. Many are heading to Australia. Side hustle To earn a little extra cash and they can sometimes prove it. More profitable than their regular 9 to 5.
Started by Alex Manau. Renting your car.A Holden Barina, after idling it for most of the week at Toro in November last year. The 24-year-old said Yahoo Finance gave Side hustle Initially it was a way to help cover some of his car expenses.
“It was just so hard A car owner in downtown Chippendale and also manage parking, rego, maintenance and all the stuff that’s only capable of using the car once or twice a week,” he said.
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After listing it on the car-sharing platform, Manau said his car was booked “basically every day” in November and December.
He said it was making about $1,000 a month in revenue with a 60 percent profit margin.
The demand forced him and his partner to buy another car a few weeks later. From there, his The fleet continued to grow..
“We just kept adding other vehicles. The math made sense,” Manau said.
“If you buy a car that cost $6,000 and you pay off a car in six months, effectively you can continue to grow your fleet over that period and make a profit after that first six months. will be quite stable.”
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The mind Quit your full-time job. to focus on growing its car-sharing business in sales earlier this year.
“I had four or five cars at the time and that’s when I decided, ‘What am I doing here? There’s definitely more revenue available from car sharing,'” he said. Yahoo Finance.
“Essentially I dropped it and then focused on growing the fleet and that’s where we are at the moment.”
Manau now owns a total of 18 vehicles, two of which belong to his partner.
The fleet includes the Holden Cruze, popular with American travelers overseas, the Holden Barina, Mitsubishi Mirage, Suzuki Alto and a few MG3s. They are kept in parking lots and garages in Chippendale.
Mana said that he Making a profit Its entire fleet generates between $150,000 and $160,000, with each vehicle generating between $800 and $1,110 per month in revenue.
He is spending at least 40 hours a week on Toro’s business, while working a part-time retail job at an upscale furniture store.
