Turning Your Car Into A Source of Income: What Do You Need?
Whether you’re looking to make a little extra cash or would love to turn your car into a career, there are plenty of ways you can make money from your vehicle. In fact, there’s never been a better time to turn your wheels into an income source! That’s not to say that it’ll be easy, though. You still need to plan ahead to ensure your business idea is a success. Start by learning the different ways you can establish a reliable income from your car and get to know what you’ll need to make your business boom.
Start a Career Driving Your Car
Driving others is the go-to method for making money from your car. If you have a vehicle and a driving licence, others are going to want to pay you to get them from A to B. The average taxi driver in the UK earns just under £28,000 a year, too, which is no small sum.
To become a driver, you first need to pick a route to become employed. You can become a traditional taxi driver by applying for a job with a local taxi company, or you go for the more modern approach of joining app-focused companies like Uber and Bolt. To be accepted by these companies, you’ll need:
- A valid driver’s licence
- Plenty of driving experience
- Other documents requested by the company
Once you’ve secured a job, there are a few things that’ll make your drives smoother and your customers happier - and happy customers mean more tips! Start by investing in a payment system so that you can accept card payments on the go, allowing the many people who move around cashless to use your services. You should also find a great valet service to keep your car clean. Include water bottles, local information pamphlets, and a first aid kit to our interior to keep clients happy.
Turn Your Car Into an Advert
There are tons of businesses out there that will pay for their logo to be added to your car. In terms of making extra income, this is one of the easiest options and requires next to no startup items.
Aside from a car, all you need is a business that’s happy to pay you. There are plenty of online websites that’ll make this easy, including Car Quids and Adverttu, which will pair you with a company and often see you making around £100 to £150 for a single ad.
Once you’ve found a willing business, they should cover everything else for you. They’ll provide the design and pay for it to be added to your vehicle. You may need to drive your car to and from the business that’s sticking the logo on, but that’s it. Collect your money and keep driving on!
Share Your Car With Hiyacar
An innovative and smart way to earn money from your car is to share it with neighbours in return for cash. For this, you’ll need a third-party platform, like Hiyacar, that pairs you with people in your area looking to hire a local vehicle. It’s a simple system that can earn you big bucks!
Your car is covered by comprehensive insurance through Hiyacar and fitted with a QuickStart Box that removes the need for handing your key over. It’s safe, secure, and demands very little effort on your part.
To begin sharing your vehicle, you’ll need a spare key so that we can set up your QuickStart Box, some information about your car, and the Hiyacar app. It’s also a good idea to have car cleaning equipment or a trusted valet service on speed dial. The cleaner your car, the more likely your neighbours are to hire it again.
Start Delivering Food or Packages
If you like the idea of driving your car for money, but you’re not really a people person, why not deliver food or parcels? Companies like JustEat, Amazon, and Deliveroo are constantly on the lookout for drivers with their own vehicles. The income for these positions is reliable, too, with full-time career options available. Or, drive just a few hours every week to bolster your bank account, scheduling the hours you work around your life.
To get started, make sure that you have a valid driver’s licence and all your vehicle registration documents. You may also need a uniform for the company you’re working for and equipment to process your deliveries, though they’ll provide you with these items. Other than some water in your car and good tunes on the radio, you’re good to go!
If you have a car that you’re not using or extra time on your hands, there are a lot of ways you can make money from your vehicle without many startup essentials. Hopefully, this article has given you some inspiration and provided you with a starting point to launch your new career. Remember, too, that not every income stream requires your time, with services like Hiyacar bringing in income whilst you enjoy your life.