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Ditch the 9-to-5: Ten side hustles to turn your hobbies into income streams

As the cost of living continues to rise, many Australians are looking for ways to supplement their income or start their own businesses. Here are 10 of the best small business or side hustle ideas for people in Australia, with facts and figures on growing industries and potential earnings.

1. Online Tutoring

Industry Growth: The global online tutoring market is expected to reach $25.5 billion by 2025.

Potential Earnings: Tutors can earn anywhere from $20 to $100 per hour, depending on their experience and qualifications.

Startup Costs: Low, with only the need for a computer and internet connection.

Suitable for: Sole traders or small businesses.

2. Pet Care

Industry Growth: The Australian pet care market is expected to reach $16.6 billion by 2025.

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Potential Earnings: Pet sitters can earn anywhere from $20 to $50 per night, dog walkers can earn $15 to $30 per hour, and groomers can earn $30 to $50 per hour.

Startup Costs: Low, with only the need for basic supplies and transportation.

Suitable for: Sole traders or small businesses.

3. Freelance Writing

Industry Growth: The global freelance writing market is expected to reach $20.7 billion by 2025.

Potential Earnings: Freelance writers can earn anywhere from $0.10 to $1 per word, depending on their experience and specialization.

Startup Costs: Low, with only the need for a computer and internet connection.

Suitable for: Sole traders.

4. Social Media Marketing

Industry Growth: The global social media marketing market is expected to reach $274.9 billion by 2025.

Potential Earnings: Social media marketers can earn anywhere from $20 to $100 per hour, depending on their experience and the size of the client’s budget.

Startup Costs: Low, with only the need for a computer and internet connection.

Suitable for: Sole traders or small businesses.

5. Graphic Design

Industry Growth: The global graphic design market is expected to reach $54.9 billion by 2025.

Potential Earnings: Graphic designers can earn anywhere from $20 to $100 per hour, depending on their experience and the complexity of the project.

Startup Costs: Low, with only the need for a computer and design software.

Suitable for: Sole traders or small businesses.

6. Web Development

Industry Growth: The global web development market is expected to reach $127.1 billion by 2025.

Potential Earnings: Web developers can earn anywhere from $30 to $100 per hour, depending on their experience and the complexity of the project.

Startup Costs: Low, with only the need for a computer and coding software.

Suitable for: Sole traders or small businesses.

7. Virtual Assistant

Industry Growth: The global virtual assistant market is expected to reach $24.3 billion by 2025.

Potential Earnings: Virtual assistants can earn anywhere from $15 to $50 per hour, depending on their experience and the tasks they perform.

Startup Costs: Low, with only the need for a computer and internet connection.

Suitable for: Sole traders.

8. Translation Services

Industry Growth: The global translation services market is expected to reach $41.2 billion by 2025.

Potential Earnings: Translators can earn anywhere from $0.10 to $1 per word, depending on the language pair and their experience.

Startup Costs: Low, with only the need for a computer and language skills.

Suitable for: Sole traders.

9. E-commerce Store

Industry Growth: The global e-commerce market is expected to reach $5.4 trillion by 2025.

Potential Earnings: E-commerce store owners can earn anywhere from a few hundred dollars to millions of dollars per year, depending on their niche, marketing strategies, and customer base.

Startup Costs: Moderate, with the need for inventory, an e-commerce platform, and marketing expenses.

Suitable for: Sole traders or small businesses.

10. Online Course Creation

Industry Growth: The global online course market is expected to reach $375 billion by 2026.

Potential Earnings: Online course creators can earn anywhere from a few hundred dollars to tens of thousands of dollars per course, depending on the topic, marketing strategies, and pricing.

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