Ten Ways You Can Make Money Through The Sharing Economy

The sharing economy is one of the hottest trends in the world right now – and at JustPark we’re immensely proud to be a part of this exciting, growing movement.

We’ve all heard of Airbnb, right? 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.

With 2016 set to be the year the sharing economy explodes into our daily lives, we’ve compiled a list of some of the best ways you can use it to make a bit of extra cash – simply through making more efficient use of what you already own.

1. Rent out your place

We’ll start pretty mainstream. Perhaps the most established of sharing economy activities, short-term letting of property through websites such as Airbnb and onefinestay is a huge 21st century phenomenon. Millions of homeowners across the world are turning their unused space into a lucrative source of extra income – so may as well clear out the kids’ old room and start earning!

2. Rent out your driveway

If you’ve got a spare parking space on your driveway, you can rent it out through our good selves. It’s easy to set your availability times – so even if you need your space at night, you can make money from people using it while you’re at work. If you live near a town centre, stadium or concert venue you could be making £1,000s per year – and it’s free to list your space. Neat, eh?

3. Deliver parcels for people

Did you know that you can earn money by delivering strangers’ parcels on your way to work? 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. Definitely worth checking out what’s on offer along your regular route.

delivery

4. Run errands for people

Doing other people’s chores doesn’t exactly sound like fun, but odd-jobs sites such as TaskRabbit and ad-posting platforms such as Craiglist have some pretty good opportunities to earn cash for lending a hand. Get paid to help move someone’s furniture, mow their lawn or even do their shopping. If you’re at all skilled at DIY, you’ll definitely be in the money.

5. 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 you to store their stuff. It’s free to list your space on Storemates or Storenextdoor, and once you’ve found a suitable candidate you’ll be sitting pretty on a healthy monthly rental payment. No brainer.

6. 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. You simply list the journey that you’ll be taking, and one of their community of vetted passengers can book and pay for a spot in your car if they’re heading to the same destination. Although you won’t really make a profit, it’s certainly a useful – and very sociable – way of cutting your petrol costs.

car share

7. Rent out your car

If you’re feeling especially daring, you can rent out your entire car through easyCar Club – and earn up to £3,000 a year in the process, according to their website. Car or van owners can register online for free, create a profile of their vehicle and wait for the 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.

8. Rent out your household items

Did you know the average power drill is used for between 6-20 minutes in its entire lifetime? From power tools to musical instruments, websites such as RentMyItems and StreetLend let you rent out your unused items to local people in your neighbourhood – meaning you get some extra cash for nothing, and they don’t have to go out and buy a power drill to make one hole in a wall. A win-win, for sure.

9. Rent out your designer clothes

That designer dress you bought for a posh work party and only wore once? You can actually lend that to other party-goers through Rentez-Vous and earn a few quid each time it’s used. 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.

10. Sell your unwanted stuff

We all know about eBay, but there are a range of different platforms you can use to sell stuff you no longer want. Etsy specialises in handmade goods; Depop is the place for clothes and fashion; Swappa focuses on smartphones and tablets; and it’s always worth checking out Amazon Marketplace and Gumtree too – you may find you get a better price for your items.

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