Did you know cars are not just for pleasure; they can be a means of extra income

Did you know cars are not just for pleasure; they can be a means of extra income

Most households in the US have more than one vehicle and at times one of them is not used as frequently as it should be. People check out Ethereum Code and various other alternate sources of income to supplement their main income. While they are profitable no doubt, you can continue reading about them in case you want to explore this mode of passive income, not everyone can crack them. But with an idle car at your disposal, you can surely turn it to your advantage and make some extra riches. Let us find out how.

Rental companies are the primary options for those with a vehicle; they can lease them for a period of time. All you need is an eventless driving record and up to date insurance. Having a smartphone is highly recommended now with apps controlling every aspect of our lives.

Besides that, there are other ways of earning money from your four-wheeler.

  1. Advertising: Companies have become smarter and now; they have turned to individual cars to advertise their wares. By selling ad space on your vehicle you can hope to earn between $200 to $600 dollars a month. Your chances of being selected will depend on your mileage, your area of residence and your area of regular commute primarily. Once again, a car in good condition with a clean driving record and insurance in order will be the main criteria.
  2. Become the driver: With companies like Uber becoming immensely popular with the masses, those with cars to spare can look at making extra dollars. These companies match driver skills, make of car to the needs of their customers. You earn based on an average number of trips. Then there are several other companies which cater to exclusive clientele like only families with little children (they obviously will pay more attention to kid-friendly features in the vehicle), the elderly and some even cater to only female passengers.
  3. Run errands: Individuals who have time to spare can run errands for their neighbors and the elderly by doing their groceries or picking up their deliveries. You can earn a decent $25 per hour. An advantage with this kind of chore would be a pleasing personality and genuine interest to help as that will lead to you being recommended to others by your clients.
  4. Help in relocation: Those with large vans and trucks can help people relocate. When you register with a moving company you can get more opportunities and it is very beneficial as well as you can keep up to 80% of the total fee. Drivers who help in moving are usually paid by the minute after an initial minimum payment.