When trying to save money and create wealth, finding an extra income stream – or ‘side hustle’ – is often the key to success. Finding the right way to make extra cash can be hard, but what if you could turn something you already do into an extra earner?
Today we’ll look into a list of great ways that you can make money from doing something you’ve probably been doing since you were 15.
That’s right, it’s possible to earn extra cash from driving in all sorts of different ways, and when you’ve already paid all the overheads involved with running a car, earning money driving can be an easy and lucrative way to monetize your spare time.
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So without further ado, let’s have a look at 11 unexpected ways to make money with your car.
Make Money Scoring Deliveries
Food Delivery services are all the rage these days and, as they grow in popularity, so does the potential to make money from becoming a delivery driver.
As there are so many food delivery services operating across the US, it’s really easy to get into.. It usually doesn’t require a huge time commitment either. You can simply log into an app and start making deliveries when the mood strikes you or, more importantly, when you have the time.
You could carry out deliveries in between your college classes or whilst waiting to pick the kids up from their karate class and make the most of those down hours where you don’t really have anything to do.
Let’s take a look at some of the most popular platforms to use if you would like to make money from deliveries.
UberEats is one of the most popular food delivery services in the US. The app-based model allows customers to order food from local restaurants and connects restaurants to delivery drivers to complete the order.
When driving for UberEats, drivers can expect to earn around $8-$12 per hour by delivering food from local restaurants to addresses in the area.
Thanks to the app, deliveries usually run very smoothly, with drivers picking up deliveries two or three minutes before the food is ready and delivering to the address while following detailed guidelines like where the food needs to be delivered, i.e the door, the apartment, outside the building.
Getting started with UberEats is really easy as, providing you are over 19 and have a car made after 1998, you can simply apply on their website and give a few details about your car license and lifting capabilities.
You can also work for UberEats if you’re 18 and have a bike or scooter, which is great if you’re a college student looking to maximize your earnings without running a car.
Postmates is an app that works in a similar way to UberEats. Drivers can apply quickly via the app and, once accepted, you can start making deliveries from local restaurants, stores, and retail establishments in your area.
To work for Postmates you must be at least 18 years old and take part in a background check before you start driving. It is commonly known that standard Postmates drivers can earn around $10 – $15 an hour. The exact hourly figure depending immensely on location and time/day you are out.
Tipping on Postmates
Postmates also allow drivers to keep 100% of any tips they receive.
- Working in San Francisco on a smooth Saturday night can net you up to $50 per hour including tips you receive.
- Working in a small town on a Tuesday night will be no more than minimum wage.
Postmate workers can decline order requests if they don’t want to make the delivery for reasons like inconvenient location or the user has a history of not tipping / bad tipping.
GrubHub is another good option for anyone looking to make money driving. The set up is fairly similar to the other delivery services that we’ve looked at. However, GrubHub offers its drivers a guaranteed pay rate of $10.50 an hour for picking up 85% of orders within their scheduled hours.
This is great for drivers who dread the thought of waiting around all night and not picking up any deliveries, as it guarantees you’ll be earning at least $10.50 an hour for your troubles.
Out of the four companies we’ve looked at, GrubHub seems to be one of the most well paid, with some drivers reporting earning $17-$19 per hour on busy weekends. Not bad pay for driving around for a few hours on a quiet Saturday night.
DoorDash is another food delivery service that is growing in popularity. It offers food delivery jobs in almost every state.
Unlike Postmates, DoorDash is for food deliveries only, meaning the app will only connect drivers with restaurants and customers, not grocery stores or other shops.
The requirements for working for DoorDash don’t differ much from that of Postmates, as they do require their drivers to undertake a background check and have at least 1 years driving experience and an insured vehicle.
The rate of pay is also pretty similar, with most drivers earning between $8 and $15 per hour and keeping 100% of their tips.
Make Money as a Driver
If driving around with smelly fast food in your car doesn’t sound like your kind of thing, then maybe transporting humans around might be more up your street. With the emergence of app-based taxi apps, becoming a taxi driver is easier and more flexible than ever.
The apps we’re about to look at all offer their drivers flexible schedules, and some even offer programs which hook drivers up with cars to drive. Not bad if you’re a cash-strapped student or a hard-working mum in need of a new set of wheels.
Lyft is one of the most popular driving apps in the US and is always looking to hire new drivers in major cities. Unfortunately, to drive passengers for Lyft, drivers must be at least 21 years old, but it still offers a great opportunity for those who meet the company’s requirement.
Essentially, Lyft is an app that connects passengers with drivers to complete trips. Once you’re signed up, it’s easy to make your own schedule and complete rides in your area.
For those looking to access their cash quickly, Lyft offers instant cashouts via their ExpressPay service and also has a rental scheme for drivers who need access to a car in order to get started.
Uber is the partner to the UberEats delivery app which deals with rides rather than bites. To become a driver for Uber, it requires you to meet the requirements for your particular location and pass a background check which is a little more extensive than the UberEats application.
However, once you are accepted as an Uber driver, you’ll have good earning potential, as Uber is one of the most widely used ride apps in the US. Not only that, but Uber drivers are also welcome to take UberEats orders without having to make a second application.
Driving with Uber is said to be much more lucrative than delivering, with average hourly rates being closer to $20.
Make Money Loaning Out Your Car
If you don’t like the sound of driving or delivering for extra cash, then you could make money from your car simply by sitting on the sofa.
When you’re sat at home watching Netflix or you’re away at college for the semester, you could be making extra money by loaning your car out to others to drive.
Car loaning, like renting out your home, is gaining popularity as the cost of owning a car is increasing and people are becoming more conscious about the environment.
If you think loaning out your car could be a good option for you, then these apps can help you get started.
Getaround is an app designed to make renting a car and putting idle cars to good use easier.
For renters, it makes renting a car more affordable and, for car owners, it offers an opportunity to generate a side hustle from your car when it isn’t being used. You can list your car for rent using the Getaround website and make up to $800 a month in rentals.
Turo is another marketplace which car owners can use to make money from renting out their car.
Turo’s algorithm determines the rental price of your car based on a number of different factors, such as the cars age, location and the time of year. Once the car has been successfully rented, Turo sends across your rental money via direct deposit within 5 days, making receiving payment quick and easy.
The amount you earn using Turo will depend on the car you have and how often you rent it out, but some users have reported earning upwards of $600 a month, which isn’t bad considering it doesn’t take much effort to list the car for rent.
HyreCar is a very similar platform to the other loan apps we’ve looked at. However, the platform markets itself as allowing you to rent cars to use to work for Uber and Lyft.
If you were interested in driving for Uber or Lyft but didn’t have a car, then this could be the answer. If not, it can be used to list your car for rent and make around $14,000 a year.
Rent Your Parking Spaces for Money
If you use your car too often to consider renting it out for money, then you could consider renting a parking space instead.
Commuters and travelers are always on the hunt for affordable and secure parking, making it easy to monetize your driveway space.
Whether your driveway is empty whilst your at work, or you have extra space that you can rent out for events in your local area or tourists, you could make some serious cash by renting out the space using these apps.
10. Parking Panda
Parking Panda is available in cities across the US and allows you to make money from your unused parking quickly and easily. The app allows you to list your space and get paid whenever someone reserves it. It work’s in much the same way as Spot Hero and offers a solid option for making an easy income from your unused space.
Signing up for Spot Hero is as simple as filling in a short form online and waiting for a response. Within 48 hours, you could be earning cash by allowing drivers to park in your spot.
Once your spot is listed, there’s not really much else you have to do, as Spot Hero pay you in a check or deposit once a month. Easy, right?
That should be enough ideas to get you started! As you can see, opportunities to make money from your car really are abundant, so if you’re keen to drum up some extra cash and start earning, then one of these options could be right for you.
Have fun, start earning, and stay safe!