A term that seems to have been getting popular in the last few months is the ‘sharing economy’. With people looking to make a bit of extra cash wherever they can, the internet has provided a great tool for people to advertise the things in the their life that others may be willing to pay for. If you don’t think you have anything in particular, you may well end up being surprised!
If you have not yet jumped on the sharing economy bandwagon, now is the perfect time to get involved and potentially make yourself some valuable cash on the side.
Sell What You Don’t Need
Let’s start off with the most common one that many of you have probably tried out at least once or twice. Selling unwanted stuff is now easier than ever. There are the obvious places like eBay and Gumtree, but more and more people are selling things through smartphone apps. All you need to do is take a quick pic of something, post it up online and wait for someone to buy it. As well as making some extra money, you can also find yourself clearing out some much-needed space around the home.
Rent A Room
If you have an extra room, you can make money by renting it out. There are plenty of online platforms out there, and best of all, it makes you a nice steady stream of income. If you live in a desirable location like close to a city centre or nearby to some good transportation links, chances are that someone out there will want to utilise the space you have. If you are going on holiday or won’t need your house or flat for a certain amount of time, you can even rent the whole place out.
Offer Storage Space
If renting a room to a stranger seems like too much of a commitment, any spare space you have around the home can be a valuable commodity. Many people are willing to pay for storage, so it’s possible that the space that you thought was good for nothing, could net you some extra cash. And best of all, it’s passive income so it’s money you make while not doing anything at all!
Rent Out Your Car (And Driveway)
If you have a car that you’re not using all the time, you can make extra money by renting it out. People who are in the area for a short amount of time will probably find that it is much cheaper to get it from you rather than a big company. Of course, you will need the proper insurance cover so check online to find the cheapest car insurance. If this seems like too much of a risk, you could try using a car sharing service to get people to cover your petrol money on your daily commute or even big drives across the country. Even less of a commitment is to rent out your driveway to people. With parking costs spiralling out of control, you can make a good source of income, particularly if you live in a desirable city centre location.
Rent Out Your Clothes
Try scouring through your wardrobe and you’ll probably find a fair few nice expensive items that you just don’t have the heart to throw away. It may be that you paid a lot of money in the first place, and you have only got round to wearing them once or twice. Frugal partygoers are willing pay you a bit of extra cash to rent out something just for the night. They get to wear a nice dress on their big night out, while you make money for doing very little. It’s another win-win!
Teach Your Skills to Others
If you are a bit of a maths whizz or know a second language, people are willing to pay for your time and knowledge. With online communication better than ever, you can even do this without leaving your own home. Parents who are looking for their kids to do well in their exams are willing to pay good sums of money so they can have a better chance of doing well. If you have an area of expertise, it is well worth making money from it.
With people living busier and busier lives these days, any extra time that you have on your hands can be monetised. It may be that someone needs you to do a bit of gardening or some basic DIY around the house. Obviously, this works better if you have some sort of skill in one of these areas! Again, this is where it pays to teach yourself a couple of quick techniques!
Delivering parcels doesn’t mean that you have to quit your day job to go on a sudden career change, but instead there are online services available that show things that need delivering in your local area. You could even drop a few things off on your daily commute. Although this is unlikely to net you a fortune, it all adds up in the end.
Make the Most of Creative Talent
We’ve already seen how your knowledge and expertise can make you some extra money, and your creativity can do exactly the same. Many people are able to make jewellery, knit or make bespoke artwork. It’s likely that more people than you think are willing to pay for them. People are always on the lookout for handmade products without shelling out huge amounts of cash for them.
These are just a few ways that you can get involved in the sharing economy. The internet has made it easier than ever for people to get together and offer their goods and services to one another. If you have anything that you think you can sell or market, why not see how much extra cash you could make to top up your income? It can’t hurt, right?
*This is a collaboration post