Like it or not, your car is losing value with each passing day. Your vehicle need not be a wasting asset that’s a drain on your wealth. You can stem the flow of red ink by using your car to make some money on the side. The following methods have proven themselves to be highly effective.
While you’re driving about, you might as well get paid to do so. You can accomplish this simply by featuring advertisements on the side of your automobile. Check out PaidRide to find companies that will compensate you for highlighting their brand on your car. Free Car Media is another excellent resource.
Though typically seen as a part-time job for teenagers, food delivery can offer a considerable return on your investment. Working a few evening shifts per week at a pizza place or a Chinese takeout restaurant can earn you hundreds of dollars in reimbursements for gas and miles driven, tips and wages. Also, consider starting a food delivery business to make money.
Start a Taxi Company
A sideline as a taxi driver is one of the best freelance options for those looking to make serious money from their vehicle. Obviously, starting a taxi business of your own takes more effort than getting a job delivering food. However, it’s not as hard as you might think.
Rent It Out
In the age of Zipcar, the idea of renting out your car doesn’t seem so foreign. Sites like RelayRides and iCarsClub make it easy to earn extra money by doing just that. Just be sure to do your research before you commit to any given car rental service.
Flip It For a Profit
If you know what you’re doing, you can create a very lucrative side business reselling used cars beginning with your own. Start by getting a great price for your current vehicle by selling it on Craigslist, then use that money to buy an undervalued replacement car and repeat the process.
Operate a Courier Service
Running a courier service is a terrific way to generate extra income. Make deliveries for local businesses.
Offer Scenic Tours
You can easily supplement your regular income or even make a full-time living by giving local tours to visitors. Advertise your services on social media portals like Google+ or on local tourism board websites. If you like entertaining people and know a lot about your area, it’s a hassle-free way to make a few bucks.
Give Driving Lessons
Believe it or not, many parents don’t have time to teach their kids how to drive. Even adults without licenses need help learning the ropes of safe driving. Giving lessons to those preparing for their driving tests can bring in decent money if you know how to market yourself to your potential clientèle.
Getting in Gear
There’s no time like the present to unleash the entrepreneurial spirit within and use your vehicle to make money. Depending on insurance requirements, local laws, your circumstances and your location, some of these ideas are better bets than others. However, chances are good that at least one approach will work for you.