Getaround is the sharing economy's answer to rental agencies. The company allows you to rent out your car on an hourly or daily basis, starting at $5 an hour. Depending on your vehicle's market value, you set the price per hour, and Getaround takes a 40% cut to cover 24/7 roadside assistance and driver insurance. According to the Getaround, earning potential for renting your car when you're not using it is up to $1,000 a year.
Build a member-based course and sell it online. You can use existing platforms like Udemy or Teachable or Kajabi to do this. Or, you can build your own through software like ClickFunnels and even other cloud-based membership platforms. What can you sell in a course format that would help you deliver real value to others and in turn make a serious amount of money?
If you have a propensity for writing and you can slay with your prose, consider writing an ebook. While the market has certainly become saturated as of late, books that help teach people about a technical topic still sell extremely well. This is a great source of passive income but does require a large amount of effort at the outset before any money is generated.
Use your credit card’s cash advance feature. Some credit cards will allow you to withdraw a certain amount of cash by using it at an ATM. This can help you come up with cash in a hurry. However, the interest rates on cash advances are usually much higher than the credit card’s usual interest rate, meaning that you will eventually have to pay more.
If you're looking for a quick fix, sell gigs on Fiverr. Everyone knows about the gig economy. It's evolved over the years. And today, they're not just five-dollar gigs that you're selling. But, you need to build credibility first. Deliver real value. Go out of your way. Get stellar reviews. Then. And only then. Can you really kick things into high gear.
Become a babysitter if you are good with children. There are websites that will connect you with people who need a babysitter. To get hired by people who do not know you, it will help to pass a CPR class, or to have a special talent or expertise for entertaining children. However, you might be able to make money more quickly just by babysitting for people you know, or by having friends refer you to others who need a babysitter.
Have an extra room in the house? Try renting it out on Airbnb.com. According to Smart Asset, you can pay up to 81% of your rent by listing one room in a two-bedroom home. If you're really looking to ring in the cash, renting out a private home or apartment is the way to go. According to Smart Asset's findings, rates for full apartments are significantly higher than those for just rooms, with annual profits ranging from $15,000 to $31,000 for a two-bedroom apartment.
Lastly, if you have a few pieces of furniture you no longer want, you can list them on Craigslist. If it’s a desirable item, it’s very likely that someone will come pick it up the same day you list it and give you cash for it. Make sure to take pictures of your item for your ad in a bright, sunny room. Stand back far from the item and zoom in. This is better than trying to get a detail shot. You don’t need a fancy camera to sell items quickly. You just need a simple camera and a lot of sunlight to get the job done.
Start a photography business and sell your photos online. If you have a nice DSLR camera and take good photos, do photography sessions or take photos of events, like parties and weddings. As another option, create fine art photos that people may want to hang on their walls, or take stock photos to sell online on sites like iStock Photo, Shutterstock, or Alamy.