Published: May 5, 2021 | Updated: May 6, 2021 | Posted by: Ricky Publico | Car Insurance
You know the old saying, “With great cars comes great expenses”? You probably don’t, but you won’t find the lie in that statement. You’ll be spending a lot on fuel, maintenance costs, and car insurance in the Philippines. Not to mention that the older your vehicle, the lower its resale value is. Because of this, it’s best to maximize your vehicle until it’s time to say ‘goodbye’ and purchase a new one.
According to a research conducted by Toronto Star, the average lifespan of newer vehicles is 12.88 years, which means you’ll have more than enough time to figure out how to earn money using your car in the Philippines. Fortunately, the fact that a car can conveniently get you from points A to B means you won’t run out of business ideas. Here are a few ideas you can try out.
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If you’re the unofficial social butterfly of your neighborhood, you can offer to be a delivery person for your neighbors. You can take their pets to the groomers, pick up and deliver packages for them, or offer to buy their essentials. Owning a car during the pandemic can be an instant source of income by offering your services to those who don’t own one.
You being the neighborhood’s resident “serbis” works wonders in last-minute instances and even emergency situations. After all, people are willing to pay extra for convenience. Target your neighbors who are commuting everyday or running a day-to-day business delivering various products online.
If you want to expand your reach, you can become legit by being part of a transport network vehicle service (TNVS) network. Since most people are discouraged to take public transportation due to the lack of social distancing, you can now start learning how to earn money using your car in the Philippines by joining the growing TNVS trend.
The great thing about being a TNVS operator is that you don’t need to be the one driving the vehicle for you to earn money, making it a great source of passive income. The registration process may take a while, but it’s a good trade-off for what you’ll get in return. Just don’t forget to follow the COVID-19 guidelines when driving around the metro.
But what if you don’t have the free time because you use your vehicle to go to work every day? You can still generate some income by organizing a carpool group online. You can either offer it to your commuting neighbors or join carpool networks online. You can find them on social media and messaging platforms like Facebook, Viber, and Telegram.
Carpooling has never been this convenient in the pandemic era. Because public transportation is a bit of a health risk and ride-hailing services are expensive, you can actually use these factors to your advantage. If you offer more affordable rates and coordinate well with your passengers, you can establish yourself as a reliable carpool business.
Got a huge vehicle? Then you wouldn’t have that much of a problem figuring out how to earn money using your car in the Philippines. To start your shuttle service, just find a company looking for a car service. You can also offer your services to people looking to travel home to their far-off provinces since public buses have yet to resume operations.
You can also offer your shuttle services to your balikbayan relatives and friends. Unless they can afford it, airport shuttle services are typically expensive for anyone who landed in Philippine soil. Save your potential balikbayan customers the trouble by offering to transport them and their balikbayan boxes.
Do you want to know how to earn money using your car in the Philippines but you don’t want to do the work? Embody the meaning of passive income when you list your car for rent online or to your close friends. Instead of letting your car gather dust because you’re working from home, you can make money instead. For once, make your car work for you.
What’s fun is that you can set your own competitive rates so you won’t get low-balled. But remember to be extremely careful when renting out your car. As much as possible, only rent out your car to people you know and trust. And if you’re opening your car rental to the public, make sure you conduct rigorous background checks to your customers.
Another way to figure out how to earn money using your car in the Philippines is to offer private driving lessons. You don’t have to be a professional to dish out driving lessons to youngsters and anyone willing to learn. You just need a car, some free time, and a lot of patience since you’ll be dealing with a lot of mistakes from your students.
You can start with people you know, such as teenagers, friends and colleagues, and even your older neighbors. From there, grow your network and let word of mouth be your best marketing tool. Since driving school fees range from PHP 3,000 to PHP 15,000, you can be the cheaper and more personal alternative. You can even set your price the way you want it.
If you don’t mind having your car defaced by brands for a quick buck, then you can definitely try selling your car as an advertising space. It’s a great income source to complement your other vehicle-related sidelines. For example, if you’re a Grab driver, you can register your vehicle to their GrabAds service and convert into a moving advertisement.
Aside from plastering ads in the sides of your car, you can also offer your car’s interior for brands looking to put their name out there. Advertising companies can help you add marketing materials inside your car like pamphlets, branded water bottle holders, and even interior tablets. It’s an easy way to make money without doing anything extra.
But if you really need a huge amount of money for more pressing matters, the last option is selling your car and downgrading to a more affordable model or giving up your car altogether. If you’re mostly at home anyway and you don’t need to go anywhere in the near future, it’s best if you just get rid of your car and make money in the process.
While you won’t be able to sell your vehicle at the same price you bought it, the instant profit you’ll get the moment you sell your car is still a significant boost to your finances. Just like most things nowadays, you can easily sell your car online via car selling platforms, car forums, and even social media.
Read more: 5 Tips on Buying and Selling Cars Online
You may not know it yet, but your car is a valuable source of income, whether direct or passive. So as early as now, you should know how to earn money using your car in the Philippines. Whether you’re looking for additional income or you’re looking for something to do while waiting for the next job opportunity, consider making money driving your own car.
Ricky is the zaniest Senior Content Writer at Moneymax, with over five years of writing experience in the digital marketing industry. He is a huge fan of pro wrestling, smartphones, and binge-watching. Follow Ricky on LinkedIn.