Thursday, 26 January 2012

Make Money Off Your Stuff

By Melody Warnick

The gigantic coffeemaker you break out just for parties. The tent that sees nature once a summer.
Get hardly-used items to earn their keep with new sites that help you rent out just about anything.

Money you don't have to work for? Sounds good.

Money you don't have to work for? Sounds good.


Related: 26 Fun, Cheap Date Ideas

RENTALIC.COM

How it works: You post an item you want to rent out; when borrowers pick it up, they pay you through a code you enter online. The rental fee, plus an optional security deposit, goes straight to your bank account via PayPal, so no cash is exchanged.

Success story: "I have a juicer that was collecting dust, so I posted it and a woman rented it for her kid's birthday party," says Mona Tawakali, 30, of Walnut Creek, CA . "I got it back in great condition, and that $10 goes to my shoe fund!"

Cost: 5% of your asking price

Recent posts: A NordicTrack Mini Stepper exercise machine for $10/month; a Vitamix blender for $8/day; a jogging stroller for $5/day

Related: 3 Women Who've Learned to be Happy Living on Less Money

ZAARLY.COM

How it works: This site is request-only, so browse to see if someone near you needs an item you own and how much they're willing to pay to borrow it.

Success story: "I panicked when my projector died on a business trip," says Stephanie Reaume, 27, of Seattle. "I asked for it on Zaarly, and a woman in the area rented me hers for $100. It was a lifesaver!"

Cost: 10% of your asking price

Recent posts: A set of golf clubs for $15/day; an air mattress for $50/month; an iPad 2 for $40/day

Related: Eat to Beat Your Health Problems

SNAPGOODS.COM

How it works: Use this tech-centric online community to loan out your gadgets. If an item comes back damaged, SnapGoods will repair or replace it at no charge to you.

Success story: "I desperately needed a waffle iron for a party, but no one I knew had one," says Emily Cavalier of Brooklyn, NY. "A friend suggested SnapGoods. I thought it was a crazy idea, but as luck would have it, I found a guy renting one for $10."

Cost: Nothing. Borrowers pay a 7 to 10 percent fee.

Recent posts: An Amazon Kindle 2 for $5/day; an electric guitar for $35/day; a Canon SLR camera for $29/day

More from REDBOOK:

Permissions: Reprinted with permission of Hearst Communications, Inc.

No comments:

Post a Comment