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Wednesday, February 28, 2024

Turning Your Pickup into Profits: A Guide to Making Money with Your Truck

I’m more of a sedan guy, but I owned a pickup once. An older relative of mine told me that a pickup truck is versatile, has multiple uses, and impresses people. He told me as a kid that you don’t need a pick-up line if you have a pickup. While I appreciated his folksy wisdom, bulletproof cooling doesn’t fill a gas tank. So if you have one, it might make sense to find out how you can use it to make some money.

How to Make Money with a Pickup Truck

In addition, the average pickup is becoming significantly larger and more expensive. The average A pickup truck costs about $50,000. That’s a price increase of almost 50% compared to just ten years ago. For the same price you can buy a luxury BMW or Mercedes-Benz. Plus, it’s a bit of a national legend that all pickup drivers use their vehicles for work. Only about 15% of full-size pickup drivers actually use them for business purposes.

If owning a full-size pickup has become a de facto status symbol, akin to owning a Benz, then money is needed to support that status. If you use your pickup truck solely for family purposes, you know there’s always a new bill to pay. Here’s how to make money with a pickup truck.

Rent out your pick-up as a mobile billboard

Advertising packaging companies pay you to cover your car with removable stickers that advertise a local business. An ad packaging company will match you with a company in your area that will launch an advertising campaign. For a few weeks or months you drive around with your pickup truck that looks like a mobile billboard. You’re paid per mile and a GPS device is attached to your pickup to verify your efforts.

Your advertising efforts should produce results and increase awareness of your advertising sponsor. So you have to drive through parks, sporting events or anywhere where there is a dense population of people walking around. Unless you work 12-hour shifts every day and can significantly increase your sponsor’s brand presence locally, this will only be an additional source of income. You can earn $100 to $500 per month before you add in expenses like gas, insurance, and maintenance costs.

Drive to Juno, Lyft or Uber

How much money you can make as an Uber, Juno or Lyft driver depends on your side hustle and where you live. If you live in or near a large or medium-sized city, you have no shortage of potential rates. If you work a week of more than 40 hours, you can earn between $10,000 and $60,000 per year. Or even more. Yet you use as much as 50% to 60% of your income for gas, insurance and maintenance costs. Temper your expectations.

In addition to working as much as possible, you can also brainstorm ways you can increase your earning potential. Create a local calendar of major sporting, concert and public events that will draw large crowds and are available for work on such dates. Combine ad packaging with your ride schedule and earn two incomes at once.

P2P car rental

For some people, a pickup truck can be an extension of your body or a limb. So, only consider this option if you can bear to give your keys to a complete stranger. Peer-to-peer car rental sites like Getaround and Turo match people who need to rent a car with people who rent out their personal cars. Insurance coverage is included. You may earn an additional $6,000+ per year.

It’s not the pickup; It’s the disk

If you like pickup trucks, you might want to buy a $50,000 model. There are many durable full-size pickups you can buy for less $25,000.

Do you have a pickup that makes you money? Share your ideas in the comments below.

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