Find out how to generate income from the London 2012 Summer Games
The 2012 Olympics are scheduled towards the end of July 2012 largely in and round London, though there are other venues for sailing on England's south coast and Football at grounds around the country.
The Olympic games will prove to be a cash-cow for many who are prepared to place a small bit of effort and time into their busy schedule.
With over five hundred thousand tourists visiting London, not to mention mention the television crews, athletes, crew, sponsors, all full of vacation money, there has got to be one or two things in it for the average Londoner.
In this article, we put a few of the best brains together to seek out what precisely are the ways in which Londoners can make cash out of the London 2012 Summer Games. Here's our top 4;
Hire out your Home/Flat For July and August
This is our most favourite thought with vacant hotels rooms rapidly filling up, what better way to dovetail a well-earned vacation with business enterprise. On-line sites helping people hire properties for the Olympics are beginning to appear and itís a really easy concept. Costs for rentals will range from city to city and from property to property but in essence the recommendation is to set a value to whatever you'd normally pay for a months lease, as the weekly Olympic rental for the two months. At these prices smart landlords ought to be keeping track of their properties to be on the outlook for subletting.
The online usually cost a one off charge to advertise, and everything else is left to the renter and rentee. Use an escrow service and make sure that you draw up contracts to cover each eventuality and ensure that your deposit will cover any breakages etc. Says John Legg from London Games Rentals, 'itís a great way to make just a little money, and pay for that once in a life time vacation as well. Our customers are delighted on the prospect of a month off thanks to the Olympics.'
Hire your car out to the one who rents your own home
If there is a lack of hotel accommodation, there'll almost certainly be a scarcity of rented vehicles over the two monthsl, and those corporations that hire out cars will be charging hefty Olympic premiums. Consider packaging up your family car and home as a rental and make extra money. With proper insurance and deposits there is an opportunity to make at the very least £30 per day on top of what you're charging for you property.
Olympic visitors need to go out. In July and August many popular events will probably be over subscribed by a factor of not less than 2.
Buying up tickets to West End shows, or live shows at Wembley is a superb method of doubling and even tripling your money. With guests paying top prices for anything they touch, the costs of tickets will naturally move up. Buy now and sell in July for the optimum gain. Just remember to think the process through though; in case you might end up shedding money.
EBay provides a superb international platform to promote your tickets, however don't try to do this with Olympic tickets, they are going to come down hard on anybody looking like tickets touts as we near the games, and it's illegal to do so.
Go On Holiday
With people trying to come to the UK from all around the world for the Olympics, there may be also an opportunity to do house exchanges. Once more, web sites exist for this and it makes sense for the amount of international stock to go up over the period.
Your usually priced vacation could come in a minimum of twenty % cheaper, particularly for those who look and book early. There is also the added benefit that your holiday becomes a better experience, as you may be staying in the lap of luxury of another personís home with all the creature comforts that brings. Consider searching for properties from different English speaking countries to make the process as seamless and drawback free as possible.
These ideas might not be for you, but think about it. When will you ever get such a terrific opportunity given to you such as this? That is the third time in the history of the Olympics that it is going to be hosted in London, I doubt if we will ever see them in London again in our lifetimes.
Alternatively you possibly can just stay in London and revel in what the London 2012 Summer Games will bring; blocked roads, publics transport brought to a halt, inflated costs, general strikes and of course, miserable Londoners.
Enjoy the Olympics if you can.
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John-Joshly is a contract author and Olympics historian. He's also a feature author for a number of financial on-line web sites and guest blogger. He's presently working with a web site to assit Londoners who're considering Renting house for the Olympics.
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