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Renting out equipment and vehicles, such as mobility scooters and wheelchairs, offers a low-overhead entry point into income generation. Lenny Tim, who rents mobility equipment in Los Angeles, quickly recoups his initial investment and has grown his fleet.
Numerous marketplaces facilitate the renting of various types of equipment, from vehicles to camera gear, opening up many possibilities for income generation.
Digital Products: Create Once, Earn Repeatedly
Digital products, which can range from e-books to online courses, provide creators with a way to earn income passively. Unlike physical products, they don’t require inventory management or shipping, and sales can be made consistently after initial creation.