If you’re using a vehicle for your business, you may need to search for affordable commercial vehicle insurance quotes so you get the financial and legal protection you need in case of accidents. Now, if you’re looking for ideas on how you can make money, well, there are actually a few ways you can go about this if you own and drive a vehicle.
- This is a service that uses apps to enable people to find drivers that will take them from point A to point B, for a fee. This service isn’t really limited to just Uber, though. A few other companies have followed suit and are offering similar apps and services.
Of course, it’s not just a matter of signing up and picking up customers right away. Most of these companies do have some sort of screening policy in place, so that they can at least try to weed out the people who are not fit for the job (which is bad for their reputation, obviously). In general, however, you just need a clean record (both driving and criminal) and your car needs to be relatively new and in good condition. Also, you may need to get commercial auto insurance.
About 1 out of 6 Uber drivers say that this is their largest source of income. In New York, your gross earnings (not counting expenses for insurance and gas) can reach up to $90,000 a year.
- Renting at airports. If you live alone and you travel often, you may have experienced the annoyance of having to leave your car at the airport. There’s the risk of theft and vandalism, and you have to pay $$ for parking.
But there are also a few services that let you rent out your car to other travelers. You’ll get paid for every mile driven, and you also get free parking and even a free carwash.
The rates will differ depending on the vehicle you have and the company you’re dealing with. A typical SUV may fetch you about 10¢ a mile, so a typical 40-mile trip just gets you a measly $4. But that’s in addition to the free parking and carwash. In some cases, when the journey goes past 75 miles, the rate also jumps to 40¢ a mile. So a 100-mile trip earns you an extra $17.50. That may not be much, but it’s better than paying for a parking slot and risk damage or theft.
- Putting up billboards. You may have seen some taxis with billboards on their roofsand you can do the same too. Advertising companies will analyze your driving and parking patterns and find the most suitable brands to promote using your car as a medium.
It’s possible to earn as much as $500 a month for this. Also, since the ad campaign is matched to your driving pattern, you wouldn’t have to do anything out of the ordinary to earn money.