You may not think of your garage as a source of income, but there are many ways to make money from your unused garage space. Whether you want to start a home business or simply find some creative ways to make some extra cash, your garage can be a great place to start.
This blog post will outline some unique ways to turn your garage into a money-making machine. So read on and see how you can start generating some extra income!
Here are ten unique ideas for making money from your garage:
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1. Rent Out Your Garage For Events or Parties
If you’re a garage owner, you may be able to rent unused space out for events or parties. This can be a great way to earn extra income.
If you have a large garage, it’s likely you can charge anywhere from $50 to $1000 per hour, depending on your location and venue size.
Follow these steps to help you get started renting out your garage:
Step 1 – Check with your local laws and regulations. You’ll need to make sure that renting out your garage is legal in your area.
Step 2 – Take some time to clean and spruce up the space. You’ll want it to look its best for potential renters.
Step 3 – Create a listing on a site like Airbnb or VRBO. Be sure to include photos and all the details about the space.
Step 4 – Promote your listing. You can do this by sharing it on social media or telling your friends and family about it.
When renting out your garage, start advertising on social media, placing local classifieds ads, and utilizing sites such as Airbnb or Eventbrite to connect with potential renters. Additionally, You should consider listing your garage on websites specifically for renting garages to event hosts.
Tips To Help You Rent out your garage For Events and Parties:
You can turn your garage into a money-making rental space with a bit of effort. Renting out your garage is not always the easiest thing to do. However, there are many benefits to having an extra income source, so you should check it out!
Here are some tips that can help you get started:
- Locate potential renters who are interested in renting your garage. You can do this by advertising online or in your local newspaper.
- Screen potential renters to make sure they’re responsible and take good care of your property. This can be done by getting to know them a little bit and asking for references from previous landlords.
- Set up all necessary paperwork to ensure that your garage is rented out legally. This may include taking photos of the property, writing up a lease or rental agreement, and collecting a security deposit.
- Keep an eye on your tenant to ensure they take good care of your garage and pay their rent on time. If there are any problems, you can resolve them by talking to your tenant or taking legal action if necessary.
Renting out your garage can be a great way to earn some extra income. Just be sure to do your research and take the necessary precautions to protect yourself and your property.
2. Set Up a Small Business Incubator
If you’re like most people, the garage is one of the least used rooms in your house. But what if you could turn it into a space that makes money by supporting small businesses? With a little bit of planning, you can set up a small business incubator in your garage!
On average, small business Incubators can expect to earn between 5% and 10% of a new startup’s growth, but this can be much more depending on the industry and terms of the contract.
A small business incubator is a program that assists entrepreneurs who are trying to start their businesses. An incubator can help startup businesses get off the ground quickly and successfully by providing resources such as training, equipment, and networking opportunities.
Additionally, your small business incubator can help these business owners by keeping their overhead low to reinvest more money into their businesses.
Setting up a Small Business Incubator: Step-By-Step
Here’s how to set up a small business incubator step-by-step:
Step 1 – Research your state’s requirements. Every state has different laws and regulations regarding incubators, so it’s essential to familiarize yourself with your state’s specifics before setting up an incubator. For example, some states require that incubators be registered as non-profit organizations, while others don’t have any legal requirements.
Step 2 – Create a suitable space. Once you know your state’s requirements, you can start making your garage a convenient location for your incubator. If you’re starting from scratch, create ample space to accommodate the businesses you hope to incubate and any additional staff or resources you may need.
Consider your budget and try to find a space that is affordable and has the necessary infrastructure, like wifi access, computer labs, and conference rooms.
Step 3 – Recruit mentors and volunteers. At this stage, it’s crucial to build up your network of people who can help provide resources for startups. This includes local business leaders and investors who can provide financing and entrepreneurs who have experience with starting their businesses.
You should also look into other community organizations that may be able to help provide training or other services to your incubator’s residents.
Step 4 – Develop programs and activities. Once you’ve established the basics of your business incubator program, it’s time to start thinking about the various resources and activities you can offer your residents. This includes providing training programs in marketing, finance, or operations; hosting networking events; and arranging mentorships with established business leaders.
It may also benefit your incubator to have a physical space where entrepreneurs can work on their businesses, so consider whether you need a computer lab, conference room, or other services.
Step 5 – Promote your incubator to entrepreneurs. Now that your small business incubator is up and running, it’s time to spread the word to local entrepreneurs starting their businesses. Consider setting up a website for your incubator and social media accounts like Twitter and Facebook. You can also promote your program through local news outlets and business organizations.
By making your incubator known to the entrepreneurial community, you’ll be more likely to attract talented individuals looking for assistance in starting their businesses.
As you can see, setting up a small business incubator takes a lot of work, but it can be well worth the effort. With the right resources and programs in place, you’ll be able to help many entrepreneurs get their businesses off the ground and grow into successful enterprises.
Here are a few tips you should keep in mind:
- Ensure Your garage is in the correct location. The garage should be close to other businesses or resources your startup will need, such as suppliers or mentors.
- Make sure the space is well-lit and ventilated. You’ll be spending a lot of time there, so you want it to be comfortable!
- Set up some essential office equipment, like a desk and chair, a computer, and a printer.
- Stock the space with office supplies, like paper, pens, and business cards.
- Create a comfortable work environment. Add personal touches, like photos or artwork, to make the space your own.
3. Convert Your Garage Into Living Space For Rent
Are you looking for a way to make some extra money? Why not convert your garage into living space and rent it out? More and more people are converting their garages into livable spaces for rent. This is a great way to make extra money, but it can also be a lot of fun!
After renovations, you can expect to earn between $500 and $2000 a month in rent payments depending on location and the size of your garage space.
Here’s how to rent your garage living space for rent:
Step 1 – Gather Supplies: The first step to converting your garage into a livable space is to gather all of your supplies. You may need tools like saws and drills, building materials like wood or drywall, and more. Ensure that you have everything you need before you begin any conversion work.
Step 2 – Plan Your Garage’s Conversion: Once you have all of your supplies, the next step is to start planning the conversion. First, decide what kind of space you want to create. Do you want a bedroom, bathroom, kitchen, or living room?
Step 3 – Determine Layout and design: Once you know what kind of space you want, you can figure out the layout and design. Consider where electrical outlets will go, how you will heat and cool the room, and what kind of finishes you want to use.
Step 4 – Find Tenants – After your garage is converted into a living space, it’s time to start looking for tenants! There are many ways that you can market your new rental property. One option is to post flyers or online advertisements. You can also let your friends and family know that you have unused space available or put an ad in the local newspaper.
If you’re ready to start making extra money by renting out a converted garage, get started today! With a little hard work and some creativity, you can create the perfect rental space to meet your needs and the needs of potential tenants.
4. Rent Out Your Garage For parking
Why not rent it out if you have an unused garage or parking spot? This is a great way to earn some extra money, and it can also help out your community.
When renting out your garage for parking, expect to receive between $150 and $400 in rent for a parking spot on average. However, location is the most important factor when determining rental fees and can significantly increase if the space you offer is in a more desirable area.
Here are a few tips to consider before getting started:
- Check with your city or town’s regulations regarding renting out parking spaces. Some municipalities have specific rules about this, so it’s essential to be aware of them before renting out your room.
- Determine the rental fee you are willing to charge for parking. You’ll likely need to cover some of your costs, including property taxes and insurance, so make sure that your fee is at a reasonable level and covers these expenses.
- Advertise your space on online marketplaces, such as Craigslist or NextDoor. You can also post flyers in your neighborhood or talk to local businesses about referring their employees to you for parking.
- Ensure prospective renters clearly understand the terms of use, including how long they are allowed to park there and any other rules you may have regarding their use of the space.
- Keep in touch with your renters, asking them for their feedback and ensuring that any issues are resolved quickly and easily. This will help you build a loyal customer base and ensure that you can continue renting out your parking space for years to come.
Renting Your Garage Space For Parking: Step-By-Step
You can successfully rent out your garage for parking and earn some extra income. Just check with your local regulations first and always keep your customers’ needs in mind.
Follow these steps to rent your unused garage space for parking:
1. Determine your available garage space – The first thing you need to do is determine how much parking space you have available. Ideally, you want to provide enough space for at least one car and preferably two vehicles in your garage. This will ensure that most people looking for parking spots will be interested in renting it from you.
2. Price your space appropriately – Next, you will need to price the rental appropriately. To do this, you should look at similar parking garage rentals in your area and price yours accordingly. You do not want to charge too much as this will deter potential renters, but you also do not want to undercharge and leave yourself open to being taken advantage of.
3. Market Your garage space – Once you have determined how much you will charge for rent, the next step is to market your parking space. You can do this by placing flyers in local businesses or posting ads online. Be sure to include all pertinent information, such as your contact information and the price you are charging.
4. set some rules and regulations – To ensure that people follow through with renting your garage, it is vital to set some rules and regulations. For example, you should state how long people can park in your garage and what type of vehicles are allowed. You may also want to set a maximum number of cars that can be parked in your garage at any given time.
You should have no trouble successfully renting out your garage as a parking space by following these tips. Just be sure to price your garage space appropriately and set some rules to ensure that people follow through with renting your space from you.
5. Convert Your Garage Into a Profitable Woodworking Shop
If you’re a passionate woodworker, you know that having your own woodworking shop is a dream. It gives you a place to work on your projects, allowing you to be your boss and set your hours.
On average, garage woodworking shops can expect to earn between $1000 and $2000 per month after just a few months of operation. With a profit margin of up to 70%, a garage woodworking shop can be extremely profitable!
Let’s discuss what you need to do to convert your garage into a money-making woodshop.
Here’s how to turn your garage into a woodworking shop for profit:
Step 1 – Choose a suitable space – An oversized, open garage or workshop is best for woodworking. Clear away all clutter and other items that may be stored in the garage to make room for your tools and work tables.
Step 2 – Create a comfortable workspace – Your woodworking shop should be a place where you enjoy spending time. Ensure the space is well-organized and free of clutter, with plenty of room to move around comfortably.
Step 3 – Install shelving – Install shelving around the garage walls; this will help you store your tools and supplies right within arm’s reach.
Step 4 – Install good lighting – Installing high-quality lighting will help you better see what you’re working on and make it easier to complete projects.
Step 5 – Get the right tools – Before starting any woodworking project, make sure you have the right tools. A good selection of hand and power tools is essential, as is a workbench and other storage solutions.
Step 6 – Provide safety protection – As you build your woodshop, it’s important to remember that safety should always be your top priority. Be sure to wear proper eye and ear protection when using power tools, and always follow the manufacturer’s instructions for each tool. With some time, patience, and elbow grease, you’ll have a safe and functional woodshop that you can be proud of!
Step 7 – Determine your pricing – Set a fair price for your work. Pricing too high or too low will negatively impact your business. Consider charging by the hour or by the piece.
Step 8 – Promote your woodworking shop – Let friends, family, and neighbors know about your woodworking business. You can promote your business online or through local print and broadcast media outlets.
When converting your garage into a woodworking shop, there are several things to consider. By following these steps and doing some careful planning, you’ll be able to create the perfect space for your woodworking business.
6. Start an ECommerce Fulfillment Service Out of Your Garage
Many companies specialize in ECommerce fulfillment services, but you can start right out of your garage! As of 2020, E-commerce accounted for 13.6% of all U.S. sales and is quickly increasing year over year, with sites such as Amazon, Shopify, and Walmart leading the way.
On average, a garage e-commerce fulfillment service can expect to earn around $2000 per month but can be much more depending on your ability to scale the business.
If you have a knack for managing inventory and logistics, this could be the perfect opportunity to earn extra income.
You can start a garage e-commerce fulfillment service by following these steps:
Step 1 – Identify a need – The first step in starting an eCommerce fulfillment service is identifying a need for such a service. Look at the current landscape of eCommerce and see where some gaps or areas could be improved upon.
Step 2 – Develop a business plan – Next, consider your skills, resources, and contacts to determine what you have to offer as part of an eCommerce fulfillment service. Once you understand what you can offer, start putting together a business plan and marketing strategy. This will help you articulate your value proposition and attract customers.
Step 3 – Determine whether your garage is suitable – You need to determine whether your garage is an appropriate location for your eCommerce fulfillment center. It should be large enough to accommodate your anticipated volume of orders, and it should be centrally located to help with shipping logistics.
Step 4 – Gather needed supplies – Gather the proper equipment and supplies like pallets, packaging materials, packing tape, boxes, and shipping labels.
Step 5 – Find suppliers – build a network of suppliers who can provide you with the products you need to fulfill your orders.
Step 6 – Create a website – Set up a website where customers can place their orders and find out more about what you offer.
Step 7 – Hire Employees – Finally, put together a team of qualified individuals to help you run your eCommerce fulfillment service. This team should include people with experience in order fulfillment, customer service, and IT.
Here are a few tips to keep in mind when starting an eCommerce fulfillment service:
- Understand your customers. What do they need and want from a fulfillment service? Take the time to survey your target market and get feedback about what would make their lives easier.
- Ensure your garage is centrally located. Your garage fulfillment center will need to be easily accessible for your customers, whether near a central shipping hub or an area with good road and public transit access.
- Invest in high-quality equipment and software. To accommodate all of the orders you receive, you will need reliable pieces of hardware and efficient and accurate software that ties everything together.
- Build a strong team of employees. An excellent eCommerce fulfillment service is only as good as the people who work behind the scenes to make it happen. Recruit and train a team of highly skilled employees committed to providing quality service.
If you focus on these critical areas, you’ll be well on your way to building a successful eCommerce fulfillment service that helps you and your customers. Good luck!
7. Start a Personal Training Business From Your Garage
If you’re passionate about fitness and helping others achieve their health and fitness goals, starting a personal training business from your garage is a great way to turn your passion into a successful and sustainable business.
The average garage personal training business in the United States earns around $50,000 per year. However, many garage personal training businesses earn well over $100,000 by developing a large and well-diversified client base.
Follow these steps to start your garage personal training business:
Step 1 – Ensure your garage can do the job – Many personal trainers start their business by working out of their garage, using the equipment that they’ve purchased for their personal use. This can be a great way to get started, but you may also want to consider renting space in a gym or fitness facility to offer your services there.
Step 2 – Create a detailed business plan and budget. This wellness you want to start. Are you interested in providing one-on-one training services, or do you like to offer group fitness classes? Will your business focus primarily on helping clients with weight loss and nutrition, or do you plan to provide a broader range of services, such as sports training and injury rehabilitation? Whatever type of business you choose, do your research and make sure there is a demand for the kind of services you will be offering.
Step 3 – Invest in quality equipment. To deliver great workouts that produce tangible results for your clients, you’ll need to invest in quality equipment. This may include things like workout machines, exercise mats, resistance bands, and other tools for group fitness classes, workout apparel, first-aid supplies, and a computer or laptop for keeping track of clients’ progress and scheduling appointments.
Step 4 – Build a solid client base by marketing the space. – Whether you’re working out of your garage or another location, it’s crucial to build a client base as quickly and efficiently as possible. Networking with other local health and fitness professionals can help you connect with potential clients, or you may want to consider advertising your services online through social media or a website.
If you’re willing to put in the work and invest wisely, starting your training business from your garage is a great way to turn your passion into a successful and rewarding career without leaving your home.
8. Start a Furniture Upcycling Business
If you’re creative and enjoy working with your hands, a furniture upcycling business could be the perfect way to start your own business. Upcycling is a great way to turn old and unwanted furniture into beautiful pieces that you can sell for a profit.
The average, garage furniture upcycling businesses earn between $25,000 and $50,000 per year in most cases. However, Profit can increase to $100,000 or more depending on your profit margin and how many furniture pieces you sell.
Furniture upcycling is a popular trend that involves taking old or damaged furniture and giving it new life. The key to starting a successful furniture upcycling business is choosing the right products, having good marketing skills, and establishing connections with distributors or suppliers.
To start your own garage furniture upcycling business, follow these six steps:
Step 1 – Choose a catchy name and create a brand for your business. This will make it easier for customers to find you and remember you when looking for upcycled furniture.
Step 2 – Decide on your business structure. Many upcycled furniture businesses are run as sole proprietorships or partnerships, but you may also want to consider registering as a limited liability company (LLC). This can give you some legal protection if something goes wrong with your business.
Step 3 – Gather the supplies you need to get started. This includes things like sandpaper, paint, stains, and other finishes. You’ll also need essential tools like saws, drills, and sanding machines.
Step 4 – Choose the products you wish to Upcycle – You will first need to choose which type of furniture products you want to focus on. Popular choices include dining room tables, chairs, sofas, and coffee tables.
Step 5 – Find a furniture supplier – Once you’ve decided on a focus, you’ll need to find a supplier or distributor of furniture that fits your chosen niche. You can often find good deals on furniture at antique stores, garage sales, or online auction websites.
To be successful in a furniture upcycling business, it’s also essential to establish good relationships with wholesale suppliers or distributors. By building these connections, you’ll have an easier time getting access to consistent supplies of high-quality furniture that can be upcycled and sold.
Step 6 – Market your business – Once you have a steady furniture supply, it’s time to start marketing your business. One of the best ways to market your furniture upcycling business is to create a website or blog where you can showcase your work. You can also join online forums and social media groups related to furniture upcycling to help get the word out about your business. In addition, consider exhibiting your furniture at local craft fairs or art shows.
Here are a few tips to keep in mind when running your furniture upcycling business:
- Look for furniture that is in good condition but no longer stylish. You can find these pieces at garage sales, thrift stores, or even online classifieds.
- Choose a style or theme for your upcycled furniture. This will help you stay focused as you look for pieces to upcycle.
- Give each piece of furniture a new lease on life by sanding, painting, or staining it. Be creative and have fun with this part!
- Protect your upcycled furniture with a clear sealant or varnish. This will help extend its lifespan.
- Market your upcycled furniture online or at local craft fairs. These are often the venues where customers will pay the most for your products.
If you’re ready to start your furniture upcycling business, don’t wait! With a little hard work and determination, you can soon be on your way to success.
9. Rent Your Unused Garage Space For Storage
Are you looking for a way to make some extra money? In cities all over the country, garages and other storage spaces are rented out to people who need additional space for their items. Whether they have too many belongings or just want to free up some space, more and more people are seeking out garage rental opportunities.
You can earn around $1 per square foot in rent for your unused garage space on average. So, for 400 square feet of garage space, expect to receive around $4800 per year in rental fees.
Here’s how to get started renting out your unused garage space:
Step 1 – Decide what you want to rent out – Whether it’s just part of your garage or the entire space, make sure that you have enough room to store the items you plan on renting out.
Step 2 – Advertise your space – Check local classified ads and online marketplace sites such as Craigslist and Kijiji for people interested in renting a storage garage. You can also post flyers around your neighborhood or nearby stores to let people know about your space.
Step 3 – Set your rental rates – Once you have potential tenants lined up, decide how much you would like to charge for your space (this will depend on occupancy rates in your area and the condition of your garage). Start by assigning a slightly lower price and raise it once you get more tenants and experience.
Step 4 – Collect payment – Most tenants will pay you a monthly fee for the use of your garage space. Make sure to set up a payment schedule and collect payments on time and put anything paid in advance into a separate account so that you can use it if needed to help cover any expenses related to your garage rental.
Step 5 – Consider setting up security for your garage – This can include a lock and key or access code given only to the renter. You may also want to invest in insurance if anything is damaged or stolen while in your care.
Step 6 – Keep an eye on your garage space – Even if you trust your renter, it’s always good to check in occasionally to make sure that everything is going smoothly.
Renting out your unused garage space can be a great way to make extra money while also getting rid of clutter. If you follow these steps, you’ll be well on your way to earning some extra cash from renting out your unused garage space.
10. Run a Car Wash Out of Your Garage For Extra Cash
If you have the space in your garage, running a car wash can be a great way to make extra money. You’ll need to invest in some supplies, like hoses, buckets, and sponges, but other than that, you can get started with just a few basic materials.
On average, a garage car wash will earn around $25,000 per year. However, some garage businesses can earn much more depending on location and the number of cars washed.
Follow these steps to start a car wash from your garage for profit:
Step 1 – Get the right equipment. One of the most important aspects of getting a car wash business off the ground is having the right tools and supplies. You’ll need to invest in soaps, brushes, giant sponges, towels, hoses, and anything else you can think of to help you get the job done right.
Step 2 – Have a good business plan. Like any other business, your car wash business needs to have a solid business plan before you get started. This should include everything from your target market to your pricing structure to how you will promote your business.
Step 3 – Get the word out. Once you have everything in place, it’s time to start promoting your car wash business. This can be done through flyers, ads in local newspapers, or even by word-of-mouth.
Step 4 – Do a little marketing. Consider setting up a website or social media page for your business and promoting it online. You can also reach out to local companies and organizations that might need their cars cleaned regularly.
Step 5 – Be prepared for business. When customers start coming in, be sure you’re ready to take on the job and handle any issues. This will help you retain customers, which is key to making your car wash business thrive over time.
How to Wash a Customer’s Car in Your Garage
If you’re a garage car wash owner, you may be interested in learning how to wash a customer’s car. Fortunately, it’s not too difficult or time-consuming and will be very easy to teach your employees.
Follow these steps to wash a customer’s car in your garage:
Step 1 – Obtain needed supplies – The first step is to gather the necessary supplies and equipment. You’ll need several buckets of water, some cleaning solution or soap, sponges or washcloths, and large cloth or chamois.
Step 2 – Rinse the car with clean water – Make sure to do a thorough job of rinsing to prevent loose dirt or debris from scratching the paint.
Step 3 – Scrub the car – Begin by scrubbing the vehicle in one round, top to bottom. Start on the roof, working your way down over the hood and sides of the car, and then move to the trunk. It’s important to avoid using too much soap or water while cleaning; you want to ensure the vehicle is thoroughly clean, but you don’t want it to get too soaked or slippery.
Step 4 – Dry the car – Once you’ve finished washing and rinsing the entire vehicle, use your chamois or large cloth to dry it off and remove any excess water. This final step will leave your customer’s car looking shiny and new! You can also add a nice-smelling car freshener to give the vehicle an extra boost of freshness if you need to.
Washing a customer’s car in your garage is a great way to build up your business and earn some extra income. With a bit of practice and the right supplies, you’ll soon be able to keep your customers’ cars looking their best.
Conclusion
Have you ever thought about turning your garage into a money-making machine? If not, it’s time to start. There are many ways to make money from your unused garage space, and we’ve outlined some of the best ones for you. So get started today and see how much extra cash you can bring in each month!
Have you tried any of these methods to make money from your unused garage space? If not, what’s stopping you? These are all great ways to get started, and with a bit of effort, you can be on your way to making some extra cash. So go ahead and start clearing out that garage!
