If you’re like most people, making extra money is something you view as a priority. As the price of nearly everything continues to skyrocket, making more money has become a must for most people. When trying to increase the amount of available financial resources at your disposal, using things you already have in your possession is a must.
A car can be used to produce additional revenue. Whether you pursue title loans without the title or a delivery job to get extra cash, making a concrete plan of action is important.
Below are some of the things you can do to make money with your car.
1. Think About Using Title Loans
If making more money is something you’re passionate about, you need to consider how much free time you have. Working a full-time job and raising a family can leave a person without much free time. Rather than trying to pack more into your days with a side hustle, you might need to consider using a loan to increase the amount of money in your bank account.
Luckily, there are a number of loans available to car owners. Even if you don’t have the title to your vehicle, you might be able to qualify for title loans without the title. The only way to choose the right lending options is by doing some thorough research.
Before using a particular lending company, you need to look at its reputation and the fine print on its title loan. The more you know about the interest rate and repayment terms on a title loan, the easier it will be to decide if it is the right fit for your needs.
2. Get a Job With a Corporate Car Service
A recent study found that 45 percent of Americans have a side hustle. One of the most popular side hustles on the planet is driving for a corporate car service like Lyft or Uber. Over the past few years, these companies have grown by leaps and bounds.
With one of these jobs, you will be paid a fraction of the money a client pays to the corporate car service. The great thing about driving for one of these services is the long list of clients they have. Both Lyft and Uber have an app that makes booking a ride easy for clients.
If you don’t want to share the money made on these fares, you might want to start your own local car service. While it will take time to build your clientele, you will be able to keep a larger portion of the revenue you generate.
3. Rent Your Car to Travelers in Need
If you don’t have the time to drive for a corporate car service, there are some alternatives you could pursue. Renting your car out to travelers in need is a great way to generate more income. Luckily, there are a number of apps that allow you to advertise your car to people looking for a rental. For example, with AvailCarSharing.com, you can make guaranteed money every time your car is borrowed. This additional money is especially a great way to pay off your car loans faster.
Turo is perhaps one of the most popular car rental apps on the planet. People on this app will pay the fee to rent your car and will drop it back off when done. If renting your car sounds like a good idea, you need to work on keeping it in good shape.
This means performing routine maintenance and cleaning the car regularly. This will help you keep the car reliable. A clean and well-maintained vehicle will also help you get good reviews from the people that rent it. These reviews can make your listing more popular on apps like Turo.
4. Start a Medical Transportation Service
Getting to and from doctor’s appointments can be difficult for some people. Senior citizens who can’t drive or disabled individuals will have a hard time getting to their medical appointments. Providing these individuals with a ride to their appointments is a great way to make extra money.
Starting a successful medical transportation service will require some hard work. Not only will you need to provide great service, but you also have to advertise your medical transportation service. Using social media to promote this service is a great idea. Routinely posting about your medical transportation service can help you find new customers.
5. Transport Equipment for Business Owners
Do you have a large truck and trailer at your disposal? If so, you can use them to help businesses transport large pieces of equipment. When businesses need to move equipment from one job site to another, they often have to use a third party.
Construction companies commonly use equipment transportation services to make life easier. Transporting safely and promptly can help you develop a good reputation for your new business. This good reputation can help you find a larger audience. With more customers comes more money in your bank account.
6. Take Advantage of Mobile Advertising
Perhaps the easiest way to make money with your car is by selling advertising space on it. Many companies will pay good money to car owners willing to put moving billboards on their vehicles. These billboards usually come in the form of magnetic decals.
Reaching out to a few businesses in your area is the first step in making money with mobile advertising. Before reaching out to these businesses, do some market research. This will help you establish a competitive price for your services.
7. Become a Mobile Mechanic
When trying to find a side hustle, you need to make a list of the skills you have. If you can diagnose and fix cars, you can start a mobile car repair business. Many people are willing to pay good money to a mechanic that can come to them to perform repairs.
All you need to start this business is a reliable vehicle and the right tools. The key to making money with a business like this is great customer service and competitive prices.
Start Making Money Today!
As you can see, there are a number of things you can do to earn money with your car. By using the tips in this article, you can find a great side hustle.