Using Your Car to Bring in Extra Income to Fund Your Business

Using Your Car to Bring in Extra Income to Fund Your Business

When you’re first starting out your business, you may find that money is a little hard to come by. Maybe you’re starting this business with your own savings, and you’ve quite your full-time job to pursue it. Now, the business is costing more than you expected and your savings are quickly dwindling. What can you do to bring in some more money?

Well, if you own a car, there are actually a lot of options available to you. Check out the list below, and you may find a way to start bringing in some extra funds.

Food Deliveries

One of the most common solutions for extra income that involves using your car is delivering food. Chances are there are plenty of local restaurants in your area that could use some help with deliveries. Not only do delivery drivers get paid by the restaurant, but you can make pretty decent money in tips. If you don’t mind your car smelling like food, it can be a great option for people who only have a few hours to spare each week.

Another option, besides asking local restaurants if they need help, is to sign up with an app like Postmates. With Postmates, you go and pick up someone’s food for them and then deliver it. You don’t work directly for the restaurant, and instead handle all transactions through this app. You can decide when you work and how often you work, so it’s great if you have an unpredictable schedule.

Package Delivery

Maybe the thought of your car smelling like food all the time doesn’t appeal to you. In that case, you may want to look into delivering packages. While this service is largely performed by shipping carriers such as UPS, some companies want same-day deliveries, and hire drivers to do so.

One company is Amazon, which hires people around the country to make quick deliveries. All you need to do is see if the program is available in your area, sign up, and if you’re selected, show up with your car. You’ll be given some packages and an address, and away you go.

Rideshare Driver

Over the past few years, rideshare companies have exploded. They are more popular than ever, and for good reason. All you need is a mobile app and you can quickly call for a ride in a clean car. It’s also a great way for the drivers to earn some extra money. You can set your own hours, so it’s perfect if you don’t know when you’ll be available. You then just pick someone up and bring them from Point A to Point B. If you want to learn more about the rideshare industry, and whether it’s right for you, you can check out Rideshare Junkies.

Rent Out Your Car

Your next option is to let other people drive your car. Some people don’t want to buy a car or rent one from an agency. Maybe they are only in town for a couple of days, or the car agency’s costs are too expensive. Whatever the reason, you can make some money by renting out your car. If you don’t need your car a lot – say, if you work from home – it’s a great way to make money without really having to do anything. Just remember that your car will rack up miles this way, and that your car could become damaged in the process. To learn more about renting out your car try this guide.

Sell Your Car

Finally, when all else fails, you can always sell your car. Maybe you’ve started taking public transportation, or you work from home most days. If you’re not getting a lot of use out of the car, and you’re still paying for it each month, it might make sense to sell it. Selling it will give you a quick cash influx, which you can use on your business or to keep your savings from falling too low.

Explore Your Options

If you don’t have enough money for your business,it can limit its growth. When you’re first starting out, you may need a way to bring in some extra funds to help finance the business or your life. Any of the options above will be of great help during this time, as you can fit most of them around your schedule. As a business owner it’s important to make the most of every asset available to you, and your car is no exception. So, consider the list above and hopefully you’ll find a way to bring in some extra funds using your car.

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