Lemonada.

What's the return on investment of renting out equipment or tools?

We're going to explore an idea from a listener.

He wants to invest in photography gear and power tools and essentially rent them out

to pay them off and then go on to profit. So let's talk about it. What's the best way to do it?

How can you run a rental business? What can you realistically expect in terms of profitability?

This kind of business comes with some challenges like managing inventory, protecting against

damage, calculating returns and risk and so on. But it's also pretty simple. Like it comes with some challenges like managing inventory, protecting against damage, calculating returns and

risk and so on. But it's also pretty simple. Like it comes with those challenges, but it's a fairly

simple business to put together in a short period of time, which is kind of what we're all about

here on SIDustle school. We want to help people make a lot of money, but sometimes to do that,

you have to make a small amount of money at first. And that gives you confidence and experience to go on and do something better, bigger and better, let's say.

So what is the ROI of renting out equipment or tools?

We'll hear the detailed question from Andrew and my answer coming right up.

Hi there, I'm Andrew, and I've been thinking about investing in high-demand rental items like photography equipment, power tools, or event supplies.

It seems like a good way to generate income without creating something new, but I'm

unsure about the logistics.

What are the best practices for managing a rental business, and how can I make sure it's profitable?

Is the upfront cost of buying inventory worth it? And what kind of return on investment can I

realistically expect? All right, Andrew, as I said, this can be a pretty simple business to get into.

Got a couple challenges, but here's how you can approach this side hustle with confidence and set

yourself up for profitability. Start by choosing high demand items that balance cost and frequency

...