From Side Hustle to Success: Aussie Transforms Part-Time Venture into a $160,000 Business

Aussie Quits Job as Side Hustle Explodes into $160,000 Business

Source: Yahoo Finance

Transforming a Car into a Revenue Stream

Alex Munao's Journey

• Started Renting: 24-year-old Alex Munao began renting out his Holden Barina on Turo in November 2023.
• Demand Surge: His car was booked nearly every day, generating around $1,000 per month with a 60% profit margin.
• Fleet Expansion: As demand increased, he and his partner purchased additional vehicles, growing their fleet.

Quitting His Day Job

Embracing Entrepreneurship

• Deciding to Quit: After realizing the potential income from car-sharing, Munao left his sales job to focus on expanding his business.
• Fleet Growth: He now manages a fleet of 18 vehicles, including popular models for travelers.
• Projected Earnings: Munao anticipates earning between $150,000 and $160,000 annually from his car-sharing venture.

A Path to Full-Time Income

Planning for the Future

• Part-Time Commitment: Alongside managing Turo, he works part-time at a retail furniture store.
• Goals Ahead: Munao aims to expand his fleet to 40 vehicles by the end of 2025 for sustained full-time income.

Advice for Aspiring Hosts

Maximizing Success on Turo

• Start with Your Own Car: Munao suggests testing local demand with your vehicle before investing.
• Quality Service: Delivering a five-star experience is crucial for attracting customers and maintaining high booking rates.
• Active Management: Although Turo may seem passive, regular vehicle maintenance and customer service are essential tasks.