Jasmine
VIP Contributor
Here are 2 low cost business ideas to build a passive income.
Rent out items that you own
If you own a music system, a professional camera, lighting equipments, home, car, bike etc. you can rent these items. You can also rent out your extra space in your home for storage, or even your designer outfit. All you need to do is run ads on classified newspapers, or websites. You can try craiglist for advertising or use Airbnb to rent out your room. Go to neighbor.com to find customers to rent out your extra space. You can rent out your car through turo.
Peer to peer lending
Peer to peer lending means you lend money to other people through a mediator (website or lending platform) and the earn interest. There are websites where you can lend money, will not only receive your principle but also earn interest. Some of the popular platforms for peer to peer lending are lendingclub.com, prosper.com, fundingcircle.com
Rent out items that you own
If you own a music system, a professional camera, lighting equipments, home, car, bike etc. you can rent these items. You can also rent out your extra space in your home for storage, or even your designer outfit. All you need to do is run ads on classified newspapers, or websites. You can try craiglist for advertising or use Airbnb to rent out your room. Go to neighbor.com to find customers to rent out your extra space. You can rent out your car through turo.
Peer to peer lending
Peer to peer lending means you lend money to other people through a mediator (website or lending platform) and the earn interest. There are websites where you can lend money, will not only receive your principle but also earn interest. Some of the popular platforms for peer to peer lending are lendingclub.com, prosper.com, fundingcircle.com