Since the dawn of time, human beings have shared resources as a means to survive together. These days, humans have found a way to earn money – darn good money at that – by loaning things to people for in exchange for cash.
The sharing economy, which has grown significantly thanks to giants like Uber and AirBnb, is now thriving more than ever. Almost nothing is off limits.
If you’re looking to start a side hustle to earn some extra bucks, you can probably get started with little upfront investment with the items you already own.
Here are 5 side hustles for the sharing economy.
- Ride sharing
It’s no surprise that Uber, possibly the biggest name in the sharing economy, is mentioned first in this list. Bringing in a whopping 6+ billion in revenue in 2016, it’s safe to say that many people are offering their cars and driving skills to those in need.
Getting started is rather simple. All you need is a car, driver’s license, insurance, and you’re good to go. After a background check to make sure you’re not a serial killer, you can get started earning money in as little as 1-2 weeks.
Lyft – Uber’s major competitor – works exactly the same way. Customers request a ride via Uber or Lyft, the app automatically pinpoints the closest driver, and you essentially are a taxi driver for a night. A typical weekend of “driving” can easily bring in up to $500, depending on the city you live in.
An extra two grand each month sure does sound appealing.
- Share Your Home
AirBnb is right up there with Uber as one of the most well-known sharing economy platforms. It’s actually causing quite a splash in the hotel industry. In the old days, taking a weekend trip to a different city usually meant dropping big bucks on a hotel. Not anymore.
AirBnb makes it easier than ever to find places to rent in out-of-town places for very affordable prices. The really cool part about AirBnb is you’ll feel like a local living in a home for weekend, as opposed to a tourist in a different city. It’s a completely different, and welcomed experience for many.
- Share Your RV
Most people know about sharing your car; however, a company called Outdoorsy is making a splash in the RV sharing marketplace. It’s very similar to AirBnb in that you find RV rentals, and those interested can reserve it for an allotted amount of time.
Considering most people’s RV’s sit in their driveway for the majority of the year, might as well make some extra cash loaning it out to those in need.
- Boat Sharing
Who says the sharing economy is limited to solid ground? With companies such as Boatbound and GetMyBoat, you can conveniently share your boat with the less fortunate (those without one). Rates for a full day’s worth of boating range anywhere from $250 to $1000 per day.
Let’s face it, much like your RV, how often do you really use that boat? Might as well make your investment worthwhile and loan it to someone when you’re landlocked for the weekend.
- Share Your Love of Pets
Love animals and looking for a little extra adorableness in your life? Rover.com makes it super easy to earn up to $60 per night pet sitting for others in your area. It’s essentially an AirBnb for dogs.
Rover can be an awesome alternative to typical kennels since most dogs will get much more love and attention. It’s also a viable option for dog walking.
Wrapping This Up
The sharing economy is an incredible way to dip your toes into the entrepreneurial world. Side hustles are now easier to start than ever, which means more money for you and more convenience for everyone else. Most people have access to at least one of the above items, so there’s really no reason not to give it a shot!