Rental Business
Startup Costs:
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? Yes
Online Operation? Yes
Working from home or a rented commercial space, you can earn big profits renting just about every and any type of product or equipment imaginable. Top rentals include tools, small watercraft, portable hot tubs, construction equipment, recreational vehicles, movie props, musical instruments, office furniture and equipment, canoes and kayaks, and camping equipment. Rental businesses have long been a popular moneymaker, mainly because although not everyone can afford to purchase a $50,000 recreational vehicle, most people can afford to shell out a few hundred to rent one for a week. Start-up costs can be high depending on the types of products and equipment that you purchase to rent. However, you can minimize costs by purchasing these items in good condition secondhand. Or you may even elect to find owners of the products you want to rent and start a rental pool, keeping a percentage of the fees for providing management services. As a general guideline, small items typically rent for 3 to 5 percent of their value per day, 10 percent per week, and 20 percent on a monthly rental.
Rental Business Ideas
Locksmith
Help people when they're locked out and need assistance.
Notary Public
Be the go-to person when others need forms notarized.
Launch Service
Help businesses launch their products and services.
More from Business Ideas
AI vs. Humanity — Why Humans Will Always Win in Content Creation
With the proliferation and integration of AI across organizations and business units, PR and marketing professionals may be tempted to lean into this new technology more than recommended.
7 Practical Tips for Running Multiple Businesses Successfully
Thinking of starting additional businesses alongside your existing ventures? Learn some practical tips for successfully juggling multiple companies from this insightful blog post.
This Insurance Agent Started a Side Hustle Inspired By Nostalgia for His Home State — Now It Earns Nearly $40,000 a Month
After moving to New York City, Danny Trejo started a business to stay in touch with his roots — literally.