We typically think of vehicles as objects that drain our finances, and it’s not hard to see why: they’re expensive! It’s not just the cost of the vehicle, but all the extra costs, such as getting insurance, petrol, repairs, and all the other little charges, such as parking, that we have to pay for. However, it’s important to remember that a vehicle can also help you to make money too. After all, they’re valuable and useful, and that provides plenty of scope to earn some cash. In this blog, we’ll run through some of the most common ways to use your vehicle as a money-making machine.
Become an ad
If you’re not overly attached to the aesthetics of your vehicle, then why not look at becoming a moving advertisement? There are companies that will happily pay you to wrap your vehicle with an advertisement for their business, and it can be quite lucrative, too. Indeed, depending on where you live, you could earn hundreds a month through this technique – if you live in a densely populated area, such as London, then you’ll make more. Plus, it’s not like you have to do anything abnormal – you can just drive as normal.
Ridesharing and driving
It’s nice to drive by yourself sometimes, but do you need to drive by yourself all the time? If you’re happy to give up some isolation, then why not consider having some other passengers in your vehicle with you? There are a few different ways to do this. You can offer rides that you’re already making on ridesharing platforms and get some money for petrol and parking; this is a great way to significantly reduce your commuting costs for example. Alternatively, you can sign up with a taxi service such as Uber and go out there and make money. If you’re willing to put the hours in, then you might just find that this can be highly profitable. Another option is to become a professional driver for a specific person or family.
Everyone needs to move some belongings at one stage or another, but most people don’t have the vehicle (or the time) to do so. If you have a larger vehicle, then why not make the most of your spare space by transporting items from one point to another? You can do this on a small-time scale (part-time, as needed), or you can make a business out of it. By using a service like OPTAC3, you can run a fleet of drivers efficiently and cost-effectively. The logistics industry is booming at the moment, so this could turn out to be a very profitable option indeed.
Rent your vehicle
How often do you use your vehicle? It might be that it’s just sitting there most of the time. If that’s the case, then look at renting your vehicle to other people on a daily or weekly basis. You might not get rich through this method, but you’ll significantly reduce the costs of running your vehicle, with little work.
Photographs courtesy of motorverso.com