Whether it is renting out an electric car charger, a designer dress, a camera or a carpet cleaner, growing numbers of people are tapping into the sharing economy to make some extra money.
As the cost of living crisis continues to bite, lots of consumers are scrabbling around looking for ways to supplement their normal income, and sometimes the answer is sitting there in the loft, under the stairs or in the garage.
Airbnb and Uber are the two best-known examples of sharing economy businesses but in recent years many more platforms have emerged, allowing people to share their assets and pull in some much-needed cash.
For some people it’s a few pounds extra, while for others this has effectively provided them with a second salary.
However, before renting out your items, do read the small print and consider how you would feel if your belongings were damaged, especially if they have sentimental value. Plus, don’t overlook how much of your time might be swallowed up by admin if you find that your goods or services are in high demand.
It was after finding a leaflet for Co Charger – a company that enables electric vehicle users to rent out their home charger to other people – on the back of their electric car while at an event, that Emma Sherrington and her husband decided to give the service a go.
A year later and the couple – who, with two electric cars between them and solar panels on their roof, consider themselves keen environmentalists – now rent out their charger regularly to a local man unable to install a charger at his home.
“Once or twice a week he drops his daughter off at school and leaves the car on our driveway, and then collects it when he picks her up,” says Sherrington, 52, a community dietician for the NHS who lives
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