Do you have a car? Great! Let me show you how you can make money with your car and turn this simple idea into a side hustle.
People spend so much time in their cars. This idea is an excellent way for people to earn money while being in their cars.
Pretty much, this idea involves carpooling, ride-sharing, delivering, picking up, etc.
There are so many apps that make this easy to do as well. Such as Uber, Lyft, Doordash, PostMate, etc.
If you don’t have a car, some of these companies will actually help get you a car after signing up with them. (Of course, do more research on this before you sign the dotted lines)
Why Make Money Using Your Car?
The number one reason why you should use your car to make you money is because of flexibility.
Let’s face it, if you are looking for a SIDE hustle, that means something to do on the side or on top of the work you already have.
With this, you will be able to pick when you want to work and also where. If you don’t want to work today, that’s fine, you don’t have to.
Another great reason is that most people are already spending most of their time in their car anyways. Why not make some money along the way.
The last reason is taxes. In most countries, if you have a business or work as an independent contractor then you can claim expenses. If you work for companies like Uber or Lyft, you are an independent contractor. This means the meal you eat while driving, the mileage you put on your car, the cost of gas, etc. can all be written off as expenses which will lower the amount of tax that you will pay
How To Make Money With Your Car?
It’s pretty easy to make money with your car these days with apps like Uber and Lyft.
Decide What Type Of Driver You Are
If you like driving people around, then maybe Uber and Lyft are perfect for you.
But if you are not a people’s person, then maybe something like Uber Eats, Doordash or PostMates will work for you since they involve the delivery of food and etc. and not people.
But there is no rule that says you can only be one. You can be both of these types of drives if you want.
Sign up to drive
The next thing you need to do is sign up with these companies or apps.
It is actually pretty easy. They require you to fill out a form online with all your details (and your car’s details). After that, they will review and get back to you.
Start driving
After you have been accepted and you have all the instructions, the next thing to do is start driving.
Remember you can pick your own schedule which means you can drive when you want to.
What’s Next
The next thing is to turn this into a side hustle. If you love driving people and their food around all day, then be my guest and do it. But that’s not for me. What I want to do is turn this into a business.
How To Turn It Into A Side Hustle?
Of course, the first thing you have to do is work as an Uber or Lyft driver. You have to get that experience.
After you start making some money, save up to buy another car.
Once you do that, you rent out your car to another Uber driver for a certain amount of money per month.
This way, instead of driving all day, you can just sit behind the computer while your cars make you money
Conclusion
If you have a car (or even if you don’t, we talked about this earlier), you can start making money from it. All it requires you to do is sign up with those companies and then just start driving. It’s super simple and it also pays a lot.
Questions About This Side Hustle
Can I do this with any car?
Yes! As long your car is running and is in good shape, you can do this with any car.
I have a luxury car, will I get paid more if I use that?
Yes, you will. If you have a luxury car and want to drive for Uber or Lyft, you can actually make more money with that car.
How can I do this without a car?
If you don’t own a car, don’t worry. Many companies like Uber will actually help you get a car. Of course, there are going to be some rules and conditions which you can read about on their websites.
Can I rent out my car for someone else to do Uber?
Of course, you can. You can rent out your car so other people can drive it for Uber, Lyft, PostMates, DoorDash, etc. This will turn this money-making idea into a side hustle.