Things are only getting more expensive. If you’re looking for side hustles to make extra money, here is a list of the best ways to make money fast! Whether you’re a stay-at-home mom, or suddenly need a little extra income to make ends meet, here are the easiest ways for you to make extra money.
With no start-up costs, you can get into the business of renting out what you already have (your stuff!) to other people using online platforms. Use these platforms to start a side hustle or launch it into a full-fledged mini-business.
1) Rent Out Your Car
Rarely drive your car? Does it sit in your garage just gathering dust in between uses? Why not rent it out while it’s not being used?
Or better yet, flex your entrepreneurial skills by building a car sharing business with Turo.
Serve as a local host for Turo.com, the largest car sharing marketplace.
What is Turo?
Turo is a peer-to-peer car rental marketplace. Think Airbnb, but for cars.
How Does Turo Work?
- Create a Turo listing in 15 minutes by entering basic information such as:
- Your address, phone number, VIN, mileage, driver’s license, car details, vehicle photos, listing price
- Set your car’s availability. You can offer vehicle delivery or have renters pick up the car.
- Guests can check-in using 4 methods:
- Meet the renter in person
- Leave keys in a lockbox
- Remote unlock
- Use Turo Go, which allows Turo renters to unlock your vehicle through the Turo app.
- Coordinate the vehicle’s return.
- Get paid!
How Much Can You Make from Turo?
| # of Cars You Rent Out | Average Annual Income |
| 1 | $10,516 |
| 3 | $31,547 |
| 5 | $52,579 |
| 7 | $73,611 |
| 9 | $94,642 |
What Are the Best Cars to Rent Out on Turo?
Here is a list of the best vehicles to rent out on Turo and the average annual earnings based on the type of car.
| Vehicle Model | Average Annual Earnings |
| Lincoln Navigator L | $23,598 |
| Audi S5 Cabriolet | $17,764 |
| Cadillac CT5 | $1,065 |
| Chrysler Voyager | $10,438 |
Use the Turo calculator to determine how much you can make per month.
What Are the Pros and Cons of Turo?
| PROS | CONS |
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2) Rent Out a Parking Space
What is JustPark?
JustPark allows you to rent out your driveway or garage to earn easy, passive income.
How Does JustPark Work?
- Hosts add their parking space in just 2 minutes.
- Hosts then choose when the parking spot is available
- Sit back and earn money!
How Much Can You Make from JustPark?
On average, hosts can make between $500 to $3000 per month. Of course, how much you make depends on a variety of factors, such as location and how many cars you can park in your space.
How Much Does It Cost to Get Started with JustPark?
Putting up a listing is free but JustPark does charge the drivers making the parking reservation a 3% fee which is calculated into the cost of reservation.
3) Rent Out Your Property
What is AirBnb?
Airbnb allows homeowners to rent out their personal, private properties to travelers for short term stays. It’s like turning your empty house into a privately owned mini-hotel.
How Does AirBnb Work?
- Sign up for free and set up your listing complete with pictures and description
- Determine your rental’s availability
- Set your price
- Get paid
- Schedule a cleaning once the rental is complete
How Much Money Can You Make from AirBnb?
On average AirBnb hosts make $924 per month. For example, owners renting out a 4 bedroom globally B and C in B average makes C about $28,148 per year.
10% of Airbnb hosts make $2000 per month.
Airbnb does take about a 3% fee from the total rental fee.
What Are the Pros and Cons of Airbnb?
Pros
- More control over the upkeep than if you had a renter
- You can block out certain dates if you want to use the property yourself or lend it out to some friends from time to time
- Guests pay before staying at the property
- Potentially more income than renting out your property
Cons
- Not guaranteed that you’ll make money than if you rented out your property
- Income might be more sporadic. One month you could make $1000. The next month you could make only $500.
- Less flexibility in your schedule. In order to stay within Airbnb’s good graces, hosts should respond to all guests and potential guests within 24 hrs.
- You need to coordinate cleans in between each stay.
4) Rent Out Your Pool
What is Swimply?
Swimply allows private homeowners to rent out their private pools by the hour. Think AirBnb but for swimming pools.
According to the website, 92% of pool renters are locals who live within 5 miles of the pool location. 70% are moms with their kids.
Even if you don’t have a pool, Swimply offers you the option to rent out other indoor and outdoor spaces like tennis courts, music studios, large backyards and personal gyms.
How Does Swimply Work?
List your pool on Swimply.com for free. List the price, upload some photos, pool rules and availability.
How Much Money Can You Make from Swimply?
Swimply boasts on its website that owners can earn upwards of $5,000 per month renting out their private pools to strangers.
Guests are charged when they book using the website’s secure payment portal. You get paid when the reservation is complete less Swimply’s 15% fee.
What Are the Pros and Cons of Using Swimply?
Pros
- $1M insurance provided by Swimply when you sign up.
- You can price your pool rental at whatever price you want
- You don’t need to be home during the reservation
Cons
- Swimply can offer discounts on your pool at anytime which cus into your otifits
- If you can’t deliver access to the pool during the reservation time you may be charged as much s $50 every half hour.
- If guest cancel last minute there is a cancellation fee for both the owner and guest
5) Rent Out Your Bike
What is Spinlister?
Spinlister is the Airbnb for bikes. List your personal bikes for rent by the hour.
Don’t have a bike? You can also rent out other equipment on the website such as SUP, snowboards, surfboards, and skis.
How Does Spinlister Work?
- Bike owners list their bikes on Spinlister.com
- Renters search for a bike within their desired area;
- Renters select their desired bike rental and complete the process on the Spinlister website, mobile app or in-store kiosks.
How Much Money Can You Make from Spinlister?
The Spinlister website states that owners can make up to $500 per month.
What Are the Pros and Cons of Spinlister?
Pros
- Spinlister provides up to $1000 in protection against theft for owners in certain countries. $10,000 in coverage if the renter buys theft protection insurance.
- ID verification for both owners and renters.
- 24/7 support
Cons
- If renters are only renting out for a very short period, the effort to communicate and coordinate pickups/drop offs might not be worth it.
- Demand might be spotty depending on your location
- Platform is sometimes buggy.
6) Rent Out Your Wardrobe
What is Style Lend?
Style Lend is like having a stylish friend who lends you her designer clothes but charged a fee for it.
How Does Style Lend Work?
- List your item on the website
- Approve a requested rental within 24 hours
- Ship the items
- Get paid 80% of the listing fee via PayPal or Venmo
How Much Money Can You Make from Style Lend?
It really depends on what you have to offer and how many items you rent out. For example, Reformation dresses can go for around $35. Zimmerman dresses for $97.
What Are the Pros and Cons of Style Lend?
Pros
- The website pays you $6.50 dry cleaning on top of the rental fee.
- Your rentals could cover the cost of the item.
- Sustainable and better for the enviro than having people buy clothing
Cons
- They only rent out dresses, handbags, shoes.
- Coordinating dry cleans and shipping items
7. Rent Out Your Baby Gear
What is BabyQuip?
BabyQuip is the number #1 baby equipment rental company with the locations across the US and Canada.
Although they did not get a deal after appearing on the show, Sharktank, this company is still thriving.
How Much Money Can You Make on BabyQuip?
According to the BabyQupi website, renting baby gear is the highest earning side gig opportunity second only to Airbnb.
On average, BabyQuip Independent Quality Providers make $1,000 per month. Some are making $10,000 or more per month.
Quality Providers keep 78% of the rental fees and delivery fee, and 100% of the tips.
How Long Does It Take to Get Paid by BabyQuip?
You get paid upfront oftentimes before you even deliver the gear.
It takes approximately 2 business days for a payment to show up in your bank account after a reservation is completed.
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