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This woman earns $1,000 a month without working

Tony Yoo
·3-min read
Josie Baynes with her car, which is lent out on Car Next Door.
Josie Baynes with her car, which is lent out on Car Next Door.

A Melbourne woman has proven Australians in isolation can earn a handy second income using a common household asset.

Josie Baynes from Melbourne claims to earn up to $1,000 per month by lending her car out to strangers.

"I'm not the most financially savvy person in the world but I found it was a real surprise – a happy surprise," she told Yahoo Finance.

Baynes used the Car Next Door platform to make it available to potential renters in her area.

With many white-collar Australians currently working from home, the car is an item that would be sitting idle for most of the time. This makes short-term rentals an attractive way to earn extra cash.

After seeing an acquaintance make a full-time living out of it, Baynes took the plunge about three years ago – but with a big difference to most people.

Rather than put an existing car on the Car Next Door platform, she bought a car especially for lending out.

"I did my research on what sort of car people in Melbourne might want to use, before deciding on… a Toyota Corolla," she said.

"Almost straight away, I was really surprised with the amount of people that wanted to rent it out."

Remarkably, in less than two years she made enough money from rentals to cancel out the cost of the car.

Baynes found car rentals are more popular in warmer weather, because more borrowers want to enjoy outdoor destinations.

Car Next Door only charges $5 an hour or $25 a day for her car. But this is not where she makes her big bucks.

"What also happens is that it charges 33 cents per kilometre. That's where you really earn the bucks," she said.

"When you see someone who says 'I'm taking it to the beach', they're travelling more kilometres so they're the winning trips that you look for."

Because borrowers within the local area are more likely to be attracted to the lender's car, repeat business from regular customers is common.

"My favourite ever customer was a family who lived right near us. When I told them we were [moving out of the area] they left a card in the car saying 'We are going to miss you'."

"The Car Next Door community is fantastic, borrowers and lenders alike. It's kind of like Airbnb – there's definitely a mutual respect there."

While demand has quietened during the lockdown period, Baynes still saw some business.

One customer borrowed her car three times to go to the airport – to drive his parents for an international trip then he was forced to pick them up again after the flight was cancelled due to the coronavirus pandemic.

She sees business roaring back as government restrictions are lifted around the nation.

"It is good to see some people coming back… For anyone who doesn't have the financial confidence to do a side hustle, I just thought [car rental] is worth trying."

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The market in the region is expected to be further fueled by increasing awareness about business intelligence solutions among healthcare providers and organizations, due to increasing government initiatives, in the near future.Key market participants include Domo Inc., Tableau Software, Sisense Inc., Microsoft Corporation, Qlik Technologies Inc., Infor Inc., SAP SE, Salesforce.com, Inc., Oracle Corporation, and MicroStrategy Incorporated Check Our Prices@ https://www.emergenresearch.com/select-license/460Emergen Research has segmented the global healthcare business intelligence market on the basis of component, deployment, function, application, end-use, and region. Component Outlook (Revenue, USD Billion; 2017–2027) ServicesSoftware Deployment Outlook (Revenue, USD Billion; 2017–2027) Cloud-basedOn-premisesHybrid Function Outlook (Revenue, USD Billion; 2017–2027) Analytical Performance ManagementQuery & ReportingOnline Analytical Processing (OLAP) & Visualization Application Outlook (Revenue, USD Billion; 2017–2027) Clinical AnalysisFinancial AnalysisPatient Care AnalysisOperational Analysis End-use Outlook (Revenue, USD Billion; 2017–2027) Healthcare PayersHealthcare ProvidersOthers Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/healthcare-business-intelligence-market Regional Outlook (Revenue, USD Billion; 2017–2027) North America U.S.CanadaMexico Europe GermanyU.K.FranceBENELUXRest of Europe Asia Pacific China JapanSouth KoreaIndiaRest of APAC Latin America BrazilRest of LATAM Middle East & Africa Saudi ArabiaUAERest of MEA Take a Look at our Related Reports: AI-Enabled Medical Imaging Solutions Market By Product (Software, Hardware), By Workflow (Image Acquisition, Image Analysis, Reporting, and Communication), By Therapeutic Application (General Imaging, Specialty Imaging), By Deployment Mode, By Modality, and By Region, Forecasts to 2027 Patient Registry Software Market By Delivery, By Database, By Registry Type, By Function, By Software Type (Integrated, Standalone), By End-use (Government & Third-Party Administrators, Pharmaceutical Companies, Hospitals, Research Centers, Others), and By Region, Forecast to 2027 Operating Room Management Solutions Market By Solution Type (Data management and communication solutions, Operating room supply management solutions, Anesthesia information management solutions, Operating room scheduling solutions, Performance management solutions), By Mode of Deployment (Ob-premises, Cloud-based), By End-Use (Hospitals, Ambulatory surgical centers), and By Region About Emergen Research Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors. Contact Us: Eric Lee Corporate Sales Specialist Emergen Research | Web: www.emergenresearch.com Direct Line: +1 (604) 757-9756 E-mail: sales@emergenresearch.com Facebook | LinkedIn | Twitter | Blogs Read Full Press Release@ https://www.emergenresearch.com/press-release/global-healthcare-business-intelligence-market

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