How to Make Money Renting Out Drones

The best assets to rent out are ones that are compact, valuable and require expertise to use them. Assets like these make owners a lot more money. With all that in mind, it’s hard to imagine you doing better than drones. A drone (or unmanned aerial vehicle) is essentially aircraft without a human pilot on board. While they’ve been around a while, it’s only over the last decade their use cases have increased tremendously as their size got smaller and smaller. Drones are now used for film production, transporting packages, helping scientists track wildlife and so much more.

A Booming Business

The drone business is booming and one reason is the relatively low price of entry; you don’t have to spend hundreds of thousands of dollars on a helicopter to get started. A few years ago, a starter drone for sale would’ve cost you over $1,000. Today, it’s possible to buy an advanced drone for as little as $300. This has allowed more people than ever before to start their own business with these aircraft, but if you’re looking to rent out drones for income, note that there are some things you’ll want to keep in mind so that you have an idea of what kind of business model will work best for your needs (and so that your customers are happy).

Drones come in all shapes and sizes, from large planes capable of lifting equipment into the…