How You Can Make Extra Income From The Sharing Economy
You have all heard of Airbnb by now and how it can make you money. There are a lot of websites set up where you can rent out your bike or skis. If you work near an airport you can easily rent out your car. One guy does this for $37 a day which is way cheaper than what a car rental agency might charge. If you use spinlister you can start renting out your bicycle. If you live a metropolitan area you can probably make some bank while you are stuck at work.
Often associated with young hipsters looking to save a buck, the sharing economy is attracting many older individuals, too. “The sharing economy is my retirement plan” Ullerich says. “If I can figure out enough of these little side businesses, I can probably retire sooner rather than later.”
What is one thing that everyone loves? Dogs! There is a site where you can sign up to become a dog sitter. If you work from home or odd hours this is a great way to make extra income. If you don’t know, ladies find dogs irresistible. I have friends who have gotten dogs just to meet women. Why not make extra cash and meet your next girlfriend by dog sitting? Plus you are keeping the pup out of the gloomy pound.
About Shaun Archer Tatum Shaun works in corporate finance in New York City. He has done financial consulting for several start-ups and has worked at several Fortune 500 companies. He has contributed several finance/investing articles on Seeking Alpha which have been published on Yahoo! Finance.