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Working after 65

Apps to Make Money in the Sharing Economy

In recent years, the sharing economy has exploded. A sharing economy is an economic model in which individuals are able to borrow or rent assets owned by someone else.  Every day we’re hearing about another company trying to become the next Uber of [fill in the blank]. While many of these companies fail to find their own identity, and ultimately fail, there are plenty of sharing economy sites out there that are thriving and ready to accept new users. This is good because it allows you to make easy income with your property and/or available time.

These are sharing economy apps and sites you need to take a look at if you’d like to make extra post-retirement income.

Lyft

You’ve probably heard of Uber, as it’s become the staple of this new economy. Lyft is almost exactly like it but pays better and encourages tips. In order to become a driver, you need a relatively clean record and a qualifying car. In most cases, you can be on the road and be making money within a few weeks.

HomeAway

AirBnb is still the dominant force in homesharing, but HomeAway isn’t far behind. Recently, HomeAway snatched up competitor VRBO, which makes it an even bigger player in the industry. While AirBnb caters to a broader audience, HomeAway tends to attract older and higher-income users.

TaskRabbit

If you have time and are willing to do chores, you can make money on TaskRabbit. When you sign up, specify the task you’d be willing to do such as wash someone’s dishes, clean their room, pick up their dry cleaning, or even take a package to the post office. You set the rate, and when people need your services, you’ll be matched with them.

Turo

Maybe you don’t use your car as much as you used to. Why not rent it out? Turo makes it possible. Charge whatever you want per day/week, and watch the extra money roll in.

Rover/DogVacay

Do you like animals? Would you mind babysitting someone’s Chihuahua while they’re out of town? Sign up for Rover to become an instant pet daycare. A similar site to Rover is DogVacay. It might be a good idea to sign up for both to ensure you get some business.

There’s no shortage of these types of apps or sites. In the comment section below, go ahead and tell us about your sharing economy app/website experience, as well as any you’d recommend. 

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