When faced with the similar problem (Myford ML7) I bought a couple of block-and-tackle pulleys from Amazon for ~£5 each and hung them from some 4x2 across the eaves of the shed. Not claiming it was the best* way, but it got me out of a pinch.
* Nor the worst - that'd be my lifting of an air conditioning unit 10ft off the deck using a ladder-against-the-wall, some rope, a load of buckets and a hose-pipe.