MY MONEY

Learn how to cash in on the sharing economy

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What: Sharing Hub expo When: Sunday, June 4, 11am-4pm Where: 55 Pyrmont Bridge Road, Pyrmont, Sydney, 2009 Cost: Free

Want to know how you can make up to an extra $30,000 a year without really doing anything?

The answer is in the palm of your hand.

There are a whole range of apps floating about in the smartphone universe that can make your everyday items work for you.

Whether you're looking to make money from an underutilised car, a big backyard, a tool shed or an unoccupied room in your house, you can bet there's an app for that.

Unsure where to start? To celebrate Global Economy Week, collective agency The Sharing Hub is hosting a free event in Pyrmont, Sydney, this Sunday for you to meet and greet people who have cashed in on the sharing economy.

Learn how to use platforms such as Camplify, Mad Paws, Spacer, Car Next Door and Airtasker, and find out how much you stand to gain from sharing your assets with others.

Luke Bird, 34, from Brisbane, started using camplify.com.au in April 2016.

He rents out four camper trailers and a caravan on the platform for $100 each per night for a minimum of three nights. In 12 months he made around $40,000.

camplify luke bird share economy

"I did my first hire with Camplify on April 1 in 2016. I had just purchased my first trailer at that point. We had three hires within a week or so of getting it in," says Bird.

"Each camper cost me between $20,000 and $25,000.

"If I wanted to I could've paid a lot of that off with my earnings but instead I'm reinvesting the money back into the business by purchasing more equipment.

"For instance, I've started renting out my campers from a warehouse instead of from my house. I've also started hiring out four-wheel drives for people to tow their campers."

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Steph Nash was a staff writer at Money until 2017.
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