How I make up to $360 per hour on Loanables
I’m a very busy person, so any time I’m asked to do something that isn’t strictly classified as “fun”, I look at the time-value of the activity to see if it’s worth my time – literally. I’ve found renting stuff out on Loanables to be one of the most profitable things I can do, given the amount of time it takes.
For example, I often rent out my Cash Flow board game, which is great for teaching people financial responsibility. It typically rents for at least 1 week, which fetches me $12. It takes about 5 minutes of my time each time someone rents it. $12 in 5 minutes equates to $144 per hour.
I find that most items that I rent fetch me around $120 – $180 for each hour of my time. That’s not a bad hourly rate, and certainly worth a few minutes of time. Plus I get the added benefits of meeting some great neighbors and feeling good about helping them AND the environment.