I’m not a photographer. But still, I bought a DSLR just for 1 trip just to get that good profile picture. Not only me, but a lot of people I know have done the same. We don’t go on trips frequently. What happens to that DSRL Camera we buy? It is kept in our wardrobe or some corner of the room for a long time. But did you know it can make you money and become a good source of Passive Income?
I bought Canon EOS 1500D from Amazon (Check Price Here) last year. After coming back from the trip, I had no idea what to do with it. However, before buying I had thought that I will resell it on OLX or Quikr. But, I was getting really low offers from the buyers for just 15 days old camera. I was regretting my decision of buying a camera. I could have rented it from startups like Mutterfly.
The Idea for Passive Income
I’m always keen on passive income ideas. After regretting for a few days, I thought I can start a startup where I will give premium products on rent. Also, I had worked in a rental startup before. So I knew how things work in a rental business. But as I was running one startup already, and considering the risking factors, I dropped the idea.
I started approaching various startups if I can give them my camera and they can pay me some rental share. After checking with 4-5 companies, I found Mutterfly to be more professional and trustworthy. Their agreement had safety clauses such as repairing or replacing in case of damages and theft. So basically my money invested in the Camera was safe.
My Camera is Earning Money!
I signed up and gave them the camera to keep in their warehouse. As I was too busy to coordinate for every order. Within a week my camera was sent for an order.
I’m easily getting Rs. 1500-2000 per month from my camera which I use to pay for my share in groceries. Within a year, the money is soon to be recovered which I paid for the camera. Expecting a life of 4 years for DSLRs, I will be getting good returns.
I’m looking forward to doing more asset investments with them. But right now I just prefer renting out things for small occasions.
Disclaimer: This is an unpaid article. All my views about the Mutterfly is from my own experience.