Whether it’s a part-time job or a work-study program, students are always looking for ways to make money while in school. However, many students are missing out on one of the best ways to earn money – the sharing economy.
What is the Sharing Economy?
The term “sharing economy” emerged as an umbrella term which refers to peer-to-peer based sharing of access to goods and services. If you’ve ever taken an Uber/Lyft, stayed at an AirBnB or use a ZipCar then you’ve taken part in the sharing economy.
The idea is simple; one person owns a good or service and they share it with a community. In return for allowing the community to use the good or service, the owner is given a monetary reward. In other words, you let people use your stuff and they pay you for the time they used it.
How can the Sharing Economy Benefit Students?
Simply put, it allows you to make money on your own time. The problem with having a job while in school is that it takes up a lot your time. As a student, you know that time is your most valuable commodity and you never seem to have enough. Nothing is worse than having to work over the weekend know that you have a project due Monday.
However, the sharing economy allows you to make your own schedule. If you own the thing you’re sharing with the community then you can decide when it’s shared. Moreover, the work that’s required of you is often very limited and can be done remotely.
How Can Students Make Money With The Sharing Economy?
As technology improves and more people gain access to the internet the sharing economy will continue to grow. You can earn money in a plethora of different ways so pick whichever one works best for you.
Share Your Home
AirBnB is one of the most popular sharing apps that allows you to rent out a room, basement or house for a short period of time. Depending on your living situation AirBnB might be one of the easiest ways to make money. You might not have an extra room while you’re in college, but if your parents now have an extra free room they can generate an income by renting it when you’re away.
TagVenue is another service that allows you to rent a space that you have. The difference is that TagVenue connects people with interesting venues with people planning to throw an event. If you have a large backyard pool, backroom bar or even a floating lounge. This service is currently only available in the United Kingdom.
Share Your Car
Uber is one of the most popular apps in the world. If you have a car that meets their requirements then you should consider driving for them. The great thing about Uber is that you can turn the app on and give rides whenever you want. You don’t have to follow any type of schedule so you can work as needed.
Lyft is a sister app to Uber that works in the same way, turn it on when you want to drive. One advantage of Lyft is that they provide insurance for their drivers with a commercial liability policy. It’s worth it to download both apps and see which one works best for you.
Getaround is an alternative to people who want to make money from their car but don’t want to be a driver. The app allows you to rent your car to people in your area for an hourfly fee. This is often seen as a more convenient option since it doesn’t require you to be present when the car is in use.
Turo is another car rental option that works similar to Getaround. Once again, an advantage of Turo is that it covers they cover their customers with a $1 million insurance policy. Depending on your location it might be a better choice.
TaskRabbit is an online and mobile marketplace that matches freelance labor with local demand. The goal is to allow consumers to find immediate help with everyday tasks. The tasks can range from helping someone with yard work to standing in line for someone else. What this means for you is that you can easily find a couple of odd jobs around you that will pay. You can visit the website anytime that you have time to work and find a job you’re willing to do.
Bridesmaid for Hire is one of those really “out there” idea, but it’s real and has been featured on CNBC. It’s a service that does exactly what you think it does; connect brides with potential bridesmaids. If you love wedding and want to earn some money then you should consider signing up.
Share Your Knowledge
Vayable is a place for locals to sell tours to tourists who want to explore their city. The people who make tours are called Vayable Insiders and earn money by sharing their unique knowledge, skills or access. If you’re in a city that sees a lot of visitors consider making a guide and earning money from your knowledge of the city.
In a past article, we wrote about how tutoring is one fo the best jobs for students. However, if becoming a TA or working in a tutoring center is too constricting consider tutoring on your own time through WyzAnt. You can find students to tutor in your are or do it online. Tutoring is a great way to make money and can help you do better in school. After all, teaching is one of the best ways to learn.
Takelessons.com is a sister website offering a similar service to WyzAnt. You can tutor everything from Math & English to Piano and Programming. All payments are done through the website and you are paid in advance so you never have to worry about not getting paid.
Chegg likes to call itself the #1 Studen Hub and it definitely has earned that right. The provides students with a plethora of services to help them with school. Two of them is a tutoring service and a forum to ask questions. What this means for you is that you have yet another place to list your yourself as a tutor. Additionally, if you don’t want to meet with people you can answer questions on their homework help forums and get paid for each answer.
Skillshare is a learning platform with online classes taught by the world’s best practitioners. They’re a little different from the previous websites because they don’t connect students with tutors. Instead, they allow “experts” in a field to share their skills with an online class.
Share Your Stuff
Spinlister is the world leader in peer-to-peer bike, surf, and snow rentals with users from over 100 countries. If you have some equipment that’s just gathering dust, why not use to make money? List your “rides” on the website and users will pay you for the time that they use it.
Poshmark provides women a platform to sell their clothing and accessories to other users through their mobile app. Their motto is “Shop the closets of women across America and sell yours too!”, explains the goal of the company quite well. If you have a closet full of clothes you don’t wear as often consider listing some of them on the app.
Sharehammer is another niche sharing website where a user can list tools they have and are willing to rent out. You can list everything from a screwdriver to an air compressor on their website and rent it out on a per day basis. Once again, this is a great way to earn a little income from things that would otherwise be sitting idle.
KitSplit allows you to rent out cameras, lenses, lights and virtual reality 360 cameras. It’s a great way to make a little extra cash off your equipment and you always decide who rents your gear and for what time. If you have any photography equipment put it to work for you by renting it out when you’re not using it.
Share A Parking Space
JustPark allows homeowners, landowners, businesses and charities to list their available parking spaces and generate a lucrative additional revenue stream at no upfront cost. The goal of the company is to utilize the thousands of previously unused parking spaces located on private property.
ParkingSpotter is similar to JustPark and offers the same service. They don’t have as slick of a website but their listing connects the space owner with the car owner directly and cut out the middle man. What this mean is that more of the money goes to you.
Become A Field Service Agent
WeGoLook is an on-demand field service, including inspections and custom tasking. When you sign up to be a “Looker” you go out and collect field data, photos, and video via the WeGoLook mobile app and/or complete custom tasks, such as item pickup, delivery, document research and more for individuals and enterprise customers alike.
22. Field Agent
Field Agent does exactly what the name implies – turns you into a field agent. When you download the app you see a list of jobs you can accept and must complete within a certain time frame. Once the job is completed the money is added to your account. It’s a great app to use to turn your downtime into a supplemental income.
Gigwalk is similar to Field Agent and is used by a lot of the major brands in the world. Using their mobile app you find a “gig” you wish to complete and request it. You are then given instructions that you must follow in order to be paid. It’s a good alternative to Field Agent depending on your area.
Dog Walking & Pet Sitting
DogVacay is a service that connects users with pet sitters. If you like dogs then DogVacay is a fun and flexible way to earn some money. You can take care of other people’s pets while they are away and get paid to do it.
Rover is a sister app to DogVacay and provides the same service. Depending on where you live it might be a better option. It’s free to join so you can try it and see if it works better for you.
DoggyBnB is yet another dog sitting service, but it also integrates a social element. Meaning that when user first search for someone to pet sit they will first be connected with people who are their friends. It’s an interesting concept and worth trying if you have a lot of friend with pets.
Swifto is a dog walking service that connects dog owners with professional dog walkers. However, they do mean “professional dog walker” and will expect a large time commitment from you. The service pay well, but it is only available in New York City.
Wag! is a dog walking and sitting service rolled into one. If you’re someone who loves dogs you can choose to do either and get paid for it. They are a bit more flexible compared to Swifto so try them both and see which one works best for you.
Postmates allows you to become a delivery driver on your own schedule. When you sign up to become a “Postemate” you deliver everything from lunch and groceries to office supplies. Similar to Uber you can work when you want and you earn money on your own schedule.
Instacart is a grocery delivery service which delivers groceries from local stores in two hours. When you download the app you can select an order to process. Once the order has gone through you will receive a shopping list which you then need to complete and deliver to the person’s home. You can work whenever you want and will get paid on a weekly basis.
DoorDash allows you to order food from any restaurant in your area. When you turn on the app you can accept an order, deliver it and get paid. You can make delivers with whatever vehicle you want so it’s not a problem if you don’t have a car.
UberRUSH is Uber’s attempt to join in on crowd-sourced delivery service. They allow any company to provide delivery services, whether they are a dry cleaners or restaurant. The app is very easy to use and works just like the normal Uber app.