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Easy Things To Rent Out For Profit

You probably know about about some of the more common things you can rent out for profit – your car (Uber or Lyft), your house (airbnb) and of course your time (TaskRabbit).

But did you know that there is a whole peer-to-peer economy that is earning people a full-time living by renting out other things like bikes or their wifi?

How many times have you needed something like a ladder or a projector screen for just one project?

And how many items are collecting dust in your garage because while you may use them sometimes, they are not every day items?

Did you know you can make money renting out your stuff online

One of the best ways to create a true passive income is to rent out your things that you already own to people who need them.

It’s a win-win situation – you get paid, they get to use something for a fraction of the price that it would cost to buy new.

Rent out your stuff for a profit

 

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Renting out your stuff for a profit makes sense in some many ways. 

This was the brilliant idea behind Fat Llama.

An online site launched in the UK back in 2016, Fat Llama goes a step beyond

Since its launch, hundreds of people have made money renting out their bikes, slow cookers and baby gear, some even creating second streams of revenue.

I’m delighted to have Tim from Fat Llama as a guest blogger today to explain a bit more about what Fat Lama is all about:

Make Money Renting Out Your Stuff Online

You know all that junk in your garage that you use once a year, if that? That saw that you needed for one project or your DJ decks from 2015?

Online site Fat Llama allows you to get paid over and over again for renting out your stuff to other people.

The average renter makes $50 a week with Fat Llama while power renters are making up to $8000 a month with their popular items.

Since its launch, hundreds of people have made money renting out their bikes, slow cookers and baby gear, some even creating second streams of revenue.

Like all new trends, the principle of the sharing economy took a little bit of getting used to, as trust in online platforms has grown.

However, since consumers have got their heads around the concept, it seems that the sky’s the limit, with items from the intimate to the outlandish readily becoming available to rent.

 The unique and fun part of Fat Llama is that, where other online peer-to-peer rental platforms like Airbnb stick to accommodation, Fat Llama opens the door to (almost) any item that your neighbors might possibly want to use for an afternoon.

So, though the main ‘sellers’ on Fat Llama are often professional equipment like drones and DJ equipment, it also leaves room for the weird and the wonderful to be offered up for rent too.

10 Easy Things To Rent Out For A Profit

You can rent out almost anything for cash on Fat Llama.

The top things to rent out for a profit include: 

  1. Cameras
  2. Electronics
  3. Drones
  4. Camera equipment such as specialized lenses
  5. DJ Equipment
  6. Musical Instruments
  7. RVs and Motorhomes 
  8. Baby Gear (swings, bouncers, strollers for people who are on vacation)
  9. Power Tools
  10. Fancy Ballgowns and wedding dresses

10 Crazy Items People Are Renting Out For A Profit

While the above list has the easiest things to rent out for a profit, below you will find some of the weirder stuff that is in demand on Fat Llama. 

1. A Brinsea EcoGlow 20 Chick Heater

Cute, right? Comes complete with adjustable height setting to cater for birds of all sizes (no giggles please) for a very reasonable $7 per day.

So despite any gloomy tidings you hear on the news, at least we can all sleep soundly, knowing that humankind has done its part for the chicks.

2. Bouncy Castle

Save money on your next kid’s birthday party by renting out a bouncy house for the backyard! From $100 a day.

3. Intex Inflatable Bubble Hot Tub

Now you can bring the spa to your garden and indulge in the ultimate relaxing weekend (or best ever after-party). This tub comes with floating dispenser, floating light, inflatable gear rests and drinks holders for $100 a day ($500 for the week).

4. Magic Mirror Photobooth

Don’t worry this photo booth will not inform you whether you really are the fairest of them all. In fact, this mirror is  a fun twist on your standard photo booth experience: Its touch screen, interactive and takes full length photos, which allows you to sign and add emojis to your photos.($270 per day).

5. Coffee Machine Bike

Complete with a big space for your coffee beans / cups / cold drinks and many many more. From business plan to party piece this is a ‘beverage bicycle’ with great potential. ($270 per day).

6. Sewing Machine

Don’t buy a $200 machine with good intentions and then never use it. Rent one out for $10 a day before you commit.

7. Sonic and Mario Mascot Costumes

This is a listing with endless potential, from pulling out the stops at your local football game to full on fancy dress or even just to trail your mates for a laugh – whatever floats your boat! $17 per day.

8. Giant 5ft Tall Letters – Spelling DANCE

Presumably the sight of this party piece is designed to compel even the most ‘off-beat’ (and I don’t mean alternative) of us onto the dance floor. $225 per day.

9. Vintage Catering Caravan

Ever considered doing some burger flippin’ with rollers in your hair? No? Well, consider it, because this retro fast food four-wheeler is a great addition to any retro-themed event for a reasonable $280 per day.

10. Festoon Lighting (Circus Tent Party Lights)

One of the joys of a great summer party is the complete unpredictability of the weather (in opposite worlds). But these cheery lights will ensure a warm ambiance even if the outdoors resembles the Baltic more than Barbados. (150 ft long for $70 per day).

How Safe Is Renting My Stuff Online?

Everything on the site is insured to 100% of its value up to $30,000. This is included in the cut that Fat Lama takes from the price of a rental.

How To Get Started With Fat Lama

Head over to Fatllama.com and create your account. After your ID has been verified, you will be good to go! Check out the FAQ page for help on pricing your items.

Fat Llama - things to rent out for a profit

 

How Fat Llama Works

Head over to Fatlama.com and create your account. After your ID has been verified, you will be good to go! Check out the FAQ page for help on pricing your items.

Everything on the site is insured to 100% of its value up to $30,000.

This is included in the cut that Fat Lama takes from the price of a rental so you don’t have to worry about your item being damaged or stolen.

How To Get Started With Fat Lama

Head over to Fatlama.com and create your account. After your ID has been verified, you will be good to go! Check out the FAQ page for help on pricing your items.

2. Rent Out Your Wifi

Download a WIFI sharing app like Cloudtrax and make money by allowing others to “piggyback” off your home internet.

Wifi hotspots are really popular in todays sharing economy. Millions are looking for WIFI hotspots that they can access when travelling or working away from home.

This is a great way to make extra money if you have more wi-fi or bandwidth that you need and want to make some passive income easily.

Wifi hotspot businesses are are an awesome way to make money if you are tech savvy.

How Wifi Sharing Works

Customers will connect to your WiFi network via Cloudtrax and when they open a webpage they will be redirected to your personal page.

Here you can put some information about the service, instructions, TOS or even advertising.

Customers can choose can select the amount of access time they require which you can set at anything from 1 hour to one year.

Get started with Wifi Sharing

To set up your network, you’ll need the following:

  1. One or more CloudTrax-compatible wireless devices.
  2. An Internet connection with at least one Ethernet port available on your modem or router, and one Ethernet cable.
  3. A computer with a browser pointed to www.cloudtrax.com, or an iOS or Android device running the CloudTrax app.

You will also need a free PayPal account in order to receive payments.

Once you have opened your Cloudtrax account, follow the instructions in their Start up guide

This account will be your login for all networks you create, and allow you to manage all subordinate user accounts.

3. Rent Your Friendship out

I’ve written a few times about how you can Get Paid To Be An Online Friend  or even Get Paid To Chat Online but what about making making just for being a companion to someone for a day or a night (purely platonically). 

Things to rent out for a profit- rentafriend

 

Out of all the things you can rent out for profit, this is the weirdest one!

I just had to include this one! Rentafriend is a website that lets you do exactly what it says – rent a friend for a special event.
 
There are currently over 600,000 “friends” on the site and it is growing every day.
 
The website aims to help solitary users hire a (purely platonic) companion for a variety of reasons.
 
The Rent A Friend website gives the following reasons their site it growing in popularity:
  • People who travel to a new city can hire a local to show them around town. 
  • A common request is that a Member may have an invitation for a work party, wedding or other social event and don’t want to attend it by themselves.
  • Someone might want to see a movie or go out to a restaurant but don’t have anyone to go with.  
  • Many Friends on RentAFriend.com have unique talents and skills.  
  • People who travel often for business that are looking to find local Friends to go out to dinner with, go to the bar with, or watch a sports game with.  
  • People who have an extra ticket to a sporting event or concert and don’t want to go alone
  • Someone may want a workout partner for the gym. 

How safe is Rent A Friend?

Rentafriend is comparable to online dating sites. 

Potential friends don’t need to complete a background checks so make sure to follow regular online safety tips such as meeting in a public place and letting someone know where you are going.

How much can you make on Rent A Friend?

Most of the Friends on RentAFriend.com start at just $10 an hour.

How to get started on Rent A Friend

  • Sign up on this page – Be A friend
  • Fill out the application form and your will receive a response in a couple of hours
  • It is completely free to join Rent A Friend and you can set your own pricing. You keep 100% of your earnings (renters pay a membership fee to the site).

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Easy things to rent out for a profit

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