With the current economic crash, most people are looking for ways to make extra cash. Fortunately, you don’t have to look far for viable income-generating ideas since they’re all over.
For example, some apps pay shoppers to purchase through affiliate websites. Health care organizations compensate donors willing to part with eggs, sperms, and plasma. However, you need to prepare for the risk that comes with some forms of medical donations.
If you’re a car owner, you’re probably looking for opportunities to make money with your car. Monetizing your vehicle isn’t a far-fetched idea. Here are vehicular side hustles to put your vehicle into good use instead of letting stay idle, which compromises its quality.
Sign up With a Ridesharing App
Becoming a ridesharing driver is a convenient and serious way to make money with your car. It entails driving people from one point to another and getting paid for it through an app. Although you share the proceeds with the app, you get a bigger part of the share.
Ridesharing isn’t without challenges. It requires you to pass criminal background checks and a driving record. You also must meet the minimum vehicle quality and age standards. Remember, you also must be able to initially meet expenses like gas, insurance, repairs, and maintenance. Some app options to consider include Uber, Lyft, and Wings.
Food Delivery
Food delivery is a lucrative business that you can do part-time. Partner with local restaurants as their delivery driver. Alternatively, in this era of technology, you can use apps like DoorDash, Uber Eats, Postmates, Bite Squad, or Grubhub.
Being a food delivery driver is equivalent to being a rideshare driver, minus the passengers. The peaks hours vary from app to app, but most deliveries are during lunchtime and dinnertime. The latter option is best for you if you have a 9-5 job. Sign up with multiple apps for the highest number of orders.
Renting Out Your Car
If you don’t use your car every day and can’t use it for the two business ideas above, rent it out. You can avail for short-term use by locals who don’t own cars. You can also avail it for hire by travelers who don’t want to use traditional rentals when visiting your locality. Think of it as “Airbnb for cars.”
Alternatively, you can rent your car for corporate car services. These are on-demand transportation services without signing up with apps like Lyft or Uber. You can start your own service and work with corporate clients that need client pickup service or transportation to events.
You can potentially earn several hundred dollars in side income per month. This can go towards subsidizing your insurance premiums or loan installments.
Final Thoughts
You can use your car to earn extra money, whether you use it full time or part-time. However, remember that it involves some risks and trade-offs you must be prepared to face.
Nonetheless, if your car is in good condition and you’re in the allowed age bracket for these services, you’re good to go. If you don’t want direct involvement, you could give your car to car rental companies and wait for the money.
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