Sunday 12 July 2009

Make Money by Renting your Driveway!


This is a not an online money making idea, but given the nature of the offer, I thought I will include it here anyway.

* This works extremely well if you live near an aiprort like the Heathrow or Gatwick, where there is forever an endless demand for parking space.

Parking in busy cities and towns has become a nightmare, esp. in London & Manchester or any other big city for that matter, and with more demand for fewer spaces, the situation is getting worse.

Now a number of enterprising companies have come up with the idea of facilitating private rental contracts between people who own parking spaces, driveways or garages, and people looking for somewhere to park.

Interested, then read on.

The idea is relatively straightforward and simple. If you're looking for a parking space, you log on to one of the many parking rental websites that have sprung up in recent years (Your Parking Space, Park At My House and Park Let are just three of the companies offering this service). You type in the postcode of where you want to park (near your office, say, or a commuter-belt train station or a shopping area for that matter) and you will be presented with a list of local parking places, their availability and the cost of rental.

You then enter into a rental agreement with the space's owner. Availability is very much dependent on the owner's circumstances. Some people rent spaces that they don't use during working hours because they're at work themselves. Others rent out spaces on a 24-hour basis because they no longer have a need for a car. The possibilities are nearly endless: searching through the various websites you can find spaces that are available for just 30 minutes a day and other spaces that are on yearly leases with 24-hour access.

If you're the owner of a space: you have a small company with more spaces in the car park than you have employees; you have a driveway you don't use, or a garage that is surplus to requirements then you register with a website as a space owner. You fill in your postcode and set the terms under which you'd like to rent out your space. You can charge as little - or as much - as you like, but you should always be aware of supply and demand. If you live near shops and offices you are more likely to be able to attract a premium than someone whose driveway is a bus-ride away.

If you have a space you would like to rent, why not give it a go and try it out.

Other money making ideas are paid surveys, having a blog on a free site like blogger (read my post on How to make to make money online with blogger) or making your own site.

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