If your content is engaging and gets enough daily traffic, you could sell ad space on your blog or ad spots on your channel. If you have a brilliant idea that appeals to a specific audience, you could create something like an educational blog or a YouTube teaching series that doesn’t require constant new material to generate online traffic. Just remember to set up some rules so you don’t end up with ruined tools you have to replace from your own pocket. Hit it during the right season, and your flyers could get a premium spot on your neighbors’ refrigerator doors-and that leads to phone calls. Hop on your community’s social media sites and start posting, or distribute flyers the old-fashioned way. Got a chainsaw, pressure washer or lawn aerator? Larger tools can rent anywhere from $30–70 (or more) for just a half day at retail stores, so there’s a lot of potential cha- ching there. If you’re not quite ready to tell the world, consider starting with just your neighborhood. All you have to do is upload pictures of your items, set a price, and tell the world they’re ready for rent. You can also explore popular rental websites like Fat Llama (yes, that’s really the name). If you have more sports gear than you could ever use all in one week-things like bikes, surf boards or a pair of skis lying around-you can rent it out on a site like Spinlister. So, we’ve narrowed it down to this list of solid options:ĭo you have any items you don’t use all the time that others would like to borrow? Things like a trailer, trampoline, kayak, or even your own yard or backyard pool could earn you passive income as rental items. If we listed all the ways you can build passive income, you’d be here all day.
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