How to earn extra money. 10 Things you can hire or rent out to boost your income.
According to The Telegraph, British research found that the average 10-year-old owns 238 toys but plays with 12 daily, making up just 5 per cent of their toys. The chances are that you also own several items that you only use once or twice a year.
What is the point of holding on to something that you use only a few times a year when you can boost your income by renting or, hiring it out? Want to earn money with the items you own?
Here are 10 things you can hire or rent out to make some extra cash quickly.
1. Camping equipment
Do you own a tent you that you only use once a year? Camping gear costs a lot of money and takes a lot of space to store therefore not everyone wants to own one. Why not put yours up for hire while you are not using it? Depending on the size of your tent, you can make anywhere from £10 to £ 40 per day.
2. DIY tools
What about the wallpaper set or DIY tools you bought and never used it after the job was done? And the ladder, drill, wheelbarrow, tool-set, gardening tools, leaf blower, mower, tile cutter, and the power washer, all of these are potentials for extra income.
Did you buy a projector for a special event or a presentation? A rather expansive item, but a handy one to own. Rent your projector out to earn for you and let it pay for itself.
4. Outdoor furniture
Weather permitting; your outdoor equipment can also be generating income for you while you are not using it. Hire out all your outdoor furniture while you are not using it, deck chairs, outdoor umbrellas, furniture sets, hammocks, BBQ’s are all potential income generators.
5. Music equipment
If you haven’t been able to wake up the musician in you then why not lend your stuff to others. Pianos, Guitars, keyboards, karaoke machines, and the drum set make an ideal hire item for wannabe musicians who want to have a go!
6. Photography equipment
Make money hiring out your digital camera, camera stands, lens, lights, and the Go Pros. Photography equipment are high in demand hire equipment.
7. Sporting equipment
Bicycles are the most commonly owned item that you don’t use it as often as you intended to but there are other items such as skis, snowboard, boots, surfboard, kite-surf, rackets, football nets, golf clubs, and the list goes on.
8. Clothes and shoes
Yes. What about dinner suits, top hats or hire out your costumes for special events or parties?
9. Entertainment Gadgets
Rent out your Play Stations, laptops, tablets, gaming consoles, ping pong and foosball tables.
10. Baby Gear
To name a few, you can hire out your baby prams, cots, toys, and car seats.
While renting things out is great for earning some extra income, it’s also a way to support your community and environment.