Ways to make money in the sharing economy

Hosting based companies like Airbnb and Neighbor , as well as sharing your extra vehicle, are perfect for earning passive income. ShareRing , a blockchain-based platform brings the sharing economy together in a single app, is one way to accomplish that. Peer-to-peer lending makes it easy to make money off of money you already have while helping other people. Another easy way to earn extra passive income is through an online platform called Neighbor. Generally, car- and ride-sharing platforms provide insurance policies that kick in when the car is in use for the service—say, when you pick up a passenger or when a renter begins driving your car. He began boarding dogs in his New York City home through DogVacay , a service that unites pet owners who need a temporary place for their dogs to stay with people willing to take in pets. Not bad, right?

How to make money from the sharing economy in 2019

Well, renting out your spare room online is just the tip of the sharing economy iceberg. You could be helping someone look the part by lending them that designer dress you never wear, or by delivering a much appreciated birthday present to a complete ways to make money in the sharing economy. Neat, eh? Nimber matches delivery requests with people going in the same direction — meaning you can make money simply by doing your usual journey plus a couple of stop-off points, without taking any detours. Storage space can be a lucrative commodity, especially in densely populated cities, and people are willing to pay a good price for you to store their stuff. No brainer. Ridesharing services such as BlaBlaCar help you fill empty seats in your car by letting people pay to share a lift with you.

#1 Build a Platform

Instead of owning things, people are sharing things — renting them out to complete strangers in exchange for cash. This radical shift in the world of consumerism has left common folk with new friends and more money while large corporations scramble to stay relevant. Popular champions of this movement are ridesharing organizations Uber and Lyft, but chauffeuring drunk people around all night is not for everyone. Check out these seven foolproof ways to hack the sharing economy and make money while you sleep. The concept is simple. You invest in a home and rent out unused space for others to live in.

Trust, but Verify

Well, renting out your spare room online is just the tip of the sharing economy iceberg. You could be helping someone look the part by lending them that designer dress you never wear, or by delivering a much appreciated birthday present to a complete stranger.

Neat, eh? Nimber matches delivery requests with people going in the same direction — meaning you can make money simply by doing your usual journey plus a couple of stop-off points, without taking any detours.

Storage space can be a lucrative commodity, especially in densely populated cities, and people are ecomomy to pay a good price for you to store their stuff.

No brainer. Ridesharing services such as BlaBlaCar help you fill empty seats in your car by letting people pay ways to make money in the sharing economy share a lift with you. Car or van owners can register online for free, create a profile of their vehicle and wait for sharung bookings to start rolling in.

A driver renting your car will pay in advance online, then simply come and collect it from your house at the start of the booking period. Did you know the average power drill is used for between minutes in its entire lifetime? A win-win, for sure. That designer dress you bought for a posh work party and only wore once? A very thrifty way to make the most of a wardrobe full of outfits you rarely wear, rather than leaving them unloved to gather dust.

We all know about eBaybut there are a range of different platforms you can use to sell stuff you no longer want. Notify me of follow-up comments by email. Notify me of new posts by email. Store stuff for other people Storage space can be a lucrative commodity, especially in densely populated cities, and people are willing to pay a good price for suaring to store their waays. Share a ride in your car Ridesharing services such as BlaBlaCar help you fill empty seats in your car by letting people pay to share a lift with you.

Rent out your household items Did you know the average power drill is used for between minutes in its entire lifetime? Rent out your designer clothes That designer dress you bought for a posh work party and only wore once?

Sell your unwanted stuff We all know about eBaybut there are a range of different platforms you can use to sell stuff you no longer want. Sorry, your blog cannot share posts by email.

And technological advances, in the form of the Web and mobile applications, made it easy to connect services with people. New technologies, including the much-lauded blockchain, are making it easier than ever for people to participate in this growing movement. But before you rent out your home or car, notify your insurer and ask how the change affects your coverage. The best part of house hacking is that it requires minimal effort on your. The policy aimed to address the challenge of retirement income in three ways. This can be for a few days, a week or two, ways to make money in the sharing economy on a monthly basis. With the help of a tax accountant, the couple report income to the IRS with the Form Airbnb provides and deduct expenses related to the business, including breakfast food for guests, laundry supplies and even electricity used. Many find the experience as attractive as the price: It can be an opportunity to connect with someone local as you travel and, in some cases, to try out unusual accommodations. Why is Superannuation compulsory in Australia?