1. How to make money

How To Make $ 100k+/ Year Part 1 Asset Income

To make at least $100k per year with the sharing economy model; is actually one of the easiest things to achieve. Evidently, to get there you will need to transform your mindset and be extremely focused.

Takeaways: How to make 100k or more per year

Today it is easier than ever to take home a healthy income. Indeed, the underserved, the underprivileged, the high school drop out, immigrant, the uneducated with a little bit of effort can also achieve the American dream. Nevertheless, to make 100k a year or more you have to combine multiple streams. The shared economy model more than any other model provides that possibility.

Advantages:

  • You are the master of your time.
  • Enormous flexibility: flexibility is definitely one of the most important aspects of the sharing economy model. Because you can decide when and how to work or not to work at all.
  • You are your own boss: Some people are not made to work for others. I have a friend of mine who is extremely allergic to feedback.
  • Unlimited revenue cap: accurately, your earnings depend on the hours you put in.

The math: How To Make $100k + / Year

We will divide the possibilities into two parts: assets income and labor income. However, this article is focused on asset income with an average monthly income reflecting a conservative approach. The methodology is based on information gathered from official websites, blog posts, surveys, and testimonials.

  1. Drive a Car:
  1. Rent your car: while you are busy driving for car-sharing companies, your second car is rented out. indeed your second car/scooter/bike can be rented on platforms such as Turo or any other peer-to-peer car rental platform. You can actually also rent your car on the same ride-sharing app you are using:$1000/month
  1. Rent your unused space:
  • Room on Airbnb: $700/ month
  • Basement for storage: $500/month
  • Driveway: $100/month
  • Free weight pounds in your luggage or car when traveling: $600 /month
  1. Clothes, books & electronics: rent your top-notch branded used clothes, shoes, books, jewelry, and electronics: $300/month
  1. Yourself: there are people looking for people to spend time hanging out, go around with them: $300/month
  1. Money: peer-to-peer lending: join an exclusive peer-to-peer lending program. Let your money work for you. Nonetheless, I will recommend you join programs that provide net-working capital for small business owners: $300/month in interest.
  2. Physical goods: set up an online store and integrate it with a fulfillment center. Also, streamline the process with your supplier and finally outsource your digital marketing campaign to a marketing agency. If you have the right product: $2000/month

In conclusion, the challenge might seems impossible. But, you will be surprised how many people are making that happen. Actually, a lot of people make $100k per year thanks to the sharing economy. That is because they are able to leverage the flexibility provided by the job to be effective and efficient.

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