With ridesharing apps and gig economy opportunities available to them, car owners can now generate income in many ways: driving passengers for rideshare apps; delivering parcels; helping move (or assemble) furniture, etc.
Utilizing apps like DealMachine to mark houses, track routes and document clues can make this strategy even more efficient while helping keep track of mileage deductions for tax deductions.
1. Driving Apps
There are a variety of driving apps that pay you for driving for their clients. You could use these to become an Uber driver, make deliveries for DoorDash or Instacart or advertise with companies such as Carvertise (which pays you on average $300 monthly!). All it requires is an accessible vehicle meeting their criteria as well as valid driver's license and insurance - plus plenty of spare time!
Consider earning potential and scheduling flexibility when selecting a driving app. Also take into account support and safety features of the app as some may require certain vehicle requirements or have bonus incentives that provide extra earnings during peak hours. Finally, note whether or not mileage tracking occurs automatically within the app, or requires manual entry to keep accurate records.
2. Pet Taxi
People looking to relocate cross-country or purchase pets from breeders located elsewhere often require transport services. Offering this service as a freelancer can open up opportunities for additional income, experience, and a fulfilling career path.
Research your competitors by visiting their websites and communicating directly with them about pricing, services offered, territories covered and rental vehicles with pet transportation add-ons like crates. Consider leasing these vehicles instead of purchasing outright.
Registering and opening a business bank account are both necessary steps in creating a legal separate entity for your pet taxi business. Doing this will help regulate taxation and liability issues should any arise later on in the business's journey. One common small business structure is sole proprietorship which combines personal finances and taxes into one easy package for getting started quickly - an excellent solution for anyone just getting started out in business.
3. Errands
In today's gig economy, there are various opportunities for earning income while on the move. From food delivery or product sales to helping pets or families move homes or renting your car out; there are multiple apps and opportunities out there offering ways for individuals and companies alike to make extra cash quickly and conveniently.
Driving for dollars may be time-consuming, but it can yield great rewards. For instance, if a property has been vacant for some time and there's mail piling up or newspapers on its porch, that could indicate its owner has plans to sell soon.
Tools such as DealMachine can help streamline your route and track potential leads more effectively, helping to enhance efficiency and identify leads more accurately. By recording properties, tracking progress, and even gathering local resident contact info - such tools will increase the number of deals you find allowing you to buy or rent out more properties in future transactions.
4. Delivering Parcel
If your car is only used on occasion, renting it out through apps such as Turo and Getaround could earn some additional revenue and cover your loan and insurance payments.
Amazon Flex offers delivery drivers an hourly pay of $18 to $25 an hour, making it simple for them to schedule availability, pick up orders in their area and deliver them.
With apps like DoorDash, food delivery doesn't require a full-size van or SUV; even your sedan or hatchback could suffice! Plus, if you don't mind doing some physical labor, services like TaskRabbit enable people to help others move and haul items. In such instances, it might be worthwhile investing in a trailer or box truck to carry heavier loads.
5. Uber/Lyft
Most American households own cars, yet owning one can be costly with payments, insurance premiums, fuel expenses and maintenance expenses. Uber and Lyft apps provide drivers with additional income that helps offset these costs.
Both services compensate drivers based on the number of rides completed; however, drivers can make even more by capitalizing on peak times for ridesharing (usually Friday and Saturday nights) and surge pricing during rush hours. Drivers should ensure their vehicle is in good condition while adhering to company policies in order to optimize earnings potential.
Drivers seeking passive income through advertising on their car have two great options for doing just that: Carvertise and Wrapify offer vehicle wrap ads which could net hundreds per month depending on which campaign is running and the proportion of your car covered with wrap material.
