5 Ways to Make Good Money by Renting Your Car

The side hustle has become the buzzword. It’s everywhere, from guidebooks to your email inbox, but why? According to the network, there are 76 million American workers that want to make money on the side, but can’t because they’re stuck in traditional 9 – 5 jobs. If this sounds like you, or if you have ever considered quitting your day job and starting a business in addition to your existing career — then this article is for you!

Side hustles are exciting, entrepreneurial, and experimental. There’s an atmosphere of risk, reward and exploration in starting a side hustle. The most important question though is: why should people start a side hustle?

Side hustles are a way to create extra income, save time and help your personal growth. Many people who have already started their side hustle have made it a lifeline that keeps them financially healthy while they’re trying out new ideas or starting with a small budget.

Would you consider your job a side hustle if it gave you the freedom to do other things? For most people, their job is just that: a job. They may have some benefits (or none at all) and maybe they get paid a little bit more than minimum wage, but they are still working for someone else.

However, there is another option out there that could allow you to escape this type of lifestyle while earning money in your spare time. Side hustles offer so much more than simply extra income; they also help separate us from our daily tasks and responsibilities. As you can see, they can lead to many benefits including helping you be more productive at work and improving your quality of life. Side hustles can be a great way to supplement your income while you go back to school, start a business, or even retire.

If you’re thinking about starting a side hustle, here are some questions that you may have: Will I be able to make money doing this? Where should I start my side hustle earnings? How many hours/week is too much to work in my business? This article will answer many of these questions and more!

In this article, we will discuss a side hustle that will help you in earning money from something you own. Yes! Renting your car is one of the best side hustles that will help you in earning good money. Owning a car can be expensive. So how about making some extra money with it?

Here are 5 ways you can earn money by renting your car.

HyreCar

HyreCar is a service that allows users to generate income by renting their cars. All you have to do is set up the app and then create the profile of your vehicle. The app gives you the freedom to determine your price and there you go, you can start earning money. Wondering how does HyreCar make money, well they take a chunk of your weekly income as a percentage based on the specific protection plan that the users select for their car. Although they are charging commission there is no membership fee or fee to use their app.

Turo


This is one of the best car-sharing marketplaces, the best thing about this app is that you can list either a single car or a fleet of cars. Based on their company statement, a single car can make around $10,000 of average income yearly. If you own more than one car then renting it out on this app can potentially improve your income. One thing that you must remember is that the amount your earn will depend completely on the plan selected. Turo offers assistance in case of emergencies and support to drivers and they also provide liability insurance.

Lyft

Lyft is one of the most popular ridesharing services in the market. If you are someone that doesn’t feel comfortable letting others drive your car but still wants to make good money out of your car then Lyft is just for you. You can drive people around in your car and get paid. This is best for people who want to maintain complete operational control over their cars. From short trips to trips across different states, as a Lyft driver, you can help your passengers and make good money. Another best thing about this app is that people who don’t own a car can also still drive and make good money.

Uber

Who doesn’t know Uber right? It is one of the leading platforms for ridesharing across the world. With uber, you can rent your car and also drive it around, if you want to stay in control of your car. Whenever a passenger issues a request for a pick-up, you as a driver will receive an alert and once you accept and start the trip, you will drop them in the desired location and make money. Sometimes along with payment you may also receive tips. If you have a full-time job but want to make money at the weekends then drive passengers around in your car and make good money.

Getaround

This is one of the best car-sharing services where you can rent your car for a few hours too. Cool, right? If you are someone who only wants to make money with your car in your spare time then rent for a few hours and earn money with Getaround. Although this service is a bit expensive as the user is required to pay $99 so they can install a device in your listed vehicle. Along with that, you will also have to pay them a membership fee based on the number of cars you rent.

In a nutshell,

Side jobs or “side hustles” are a booming trend for many. You see them on LinkedIn and Facebook, most often among millennials who want to earn extra income. It’s been estimated that there are over 50 million people in the United States that are involved in some form of side hustle. These side hustles are a smart way to supplement your income, produce additional income, and build a business.

The benefits of side hustling are numerous and range from increased personal development to increased skill set and income potential. As you have made it to the end of this article, hope you have found out more about ways you can make money by renting out your car. If you are interested in more such articles and want to learn more about side hustles then check out the zeen website.

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