If you need some extra money, have you considered what you already have that you could utilise to make some cash? You don't always have to take on extra shifts or search for a part time job if you are in need of some money. There are may people in your local community who don't have the equipment they need to do basic DIY in their properties. From jet washing driveways to drilling holes in walls, you might have tools that people need. If you hire out your tools, you could make some extra income.
Use A Legitimate Website Or App
When you are looking to hire out your tools to make some extra money, you can take advantage of some legitimate websites and apps. A simple online search will bring up the likes of Rent My Equipment and Fat Llama. These are platforms that connect those who are looking for tools to rent out, with those who have the tools to rent. A cordless power drill with spare battery from £15 a day is much more affordable than buying on. Especially if all you are doing is a day of DIY at home. Using a platform that is already set u connects you with an audience who are actively looking for what you are selling.
Get Insurance
You need to ensure that you have insurance when you hire out your tools. You'll be hiring these tools out for less than it costs to buy them. So you might end up with people thinking that they can simply pay you the rental fee and then not return the tools when agreed. Ensure that your insurance covers what you need it to. You should also be sure to take the proper details of customers so they can be tracked down should they not bring the tools back. Maybe even look into having them sign a contract for the hire.
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Price & Promote
There are lots of places where trades people can hire out equipment from. Most will have basic tools themselves but will go to specific hire places for niche products. It might be better to target the domestic market. People who are doing DIY jobs but don't have the tools and indeed the money to buy them or space to store them. Be affordable with your prices. You don't want to charge so much that people will think it's better to buy the tools themselves. You could do a bundle price for specific jobs too, where more tools are required. Be sure to hire them out for a decent length of time. Most jobs take longer than people expect! You can promote you tool hire on free Facebook groups and other neighbourhood sites. You might get some decent custom from people in your local area, maybe a few streets away. If you are not using these items, you might as well hire out your tools and make some money. Much better than them being sat in the shed.
Consider Other Things You Could Rent Out
Whilst you look to hire out your tools, you might think that there are other things in your garage or shed that you could hire out. Maybe DJ equipment like speakers and lights or even a bouncy castle that you bought when your children were younger. Many of us have things in our homes that we don't use and might sell. You could make more money in the long run by hiring items out again and again.
If you are looking for a bit of extra money, consider the things you have that other people need. Tools are expensive and they need to be stored and even maintained too. If you have a garage full of decent equipment, you could hire out your tools and make a decent chunk of extra income.
