There are times when owning a vehicle in Nigeria becomes a necessity instead of a luxury, but the maintenance cost deters many from owning one. Having a car doesn’t have to be a liability because you can make money with your car.
If you have a car or you’re planning to buy one, and you’re wondering how you can make money from it, then you have come to the right place. In this article, I will outline 8 ways you can make money from your car in Nigeria:
1. E-haling services (Uber, Bolt, and others)
This is one of the best methods to earn money with your car in Nigeria because of the quick revenue it produces. You may make money right now by using your vehicle for e-hailing services like Uber, Bolt, Taxify, or others.
Any qualified driver in Nigeria, Africa, or anyplace else in the globe can work and earn money on Uber or Bolt. A registered vehicle and a driver’s license are all you need to start.
The best part is that you don’t even have to search for passengers alone; the system connects you with passengers nearby.
Making money with your car is certain when you choose an e-hailing platform, especially if you live in a big city. Everyone needs to move from one place to another, and not everyone has a car. Given that the majority of the vehicles utilized by Uber are air-conditioned and have drivers who have shown their ability to drive safely, the service offers more convenience. People choose Uber or Bolt for privacy, safety, and time-saving, even if public buses and taxis provide lower fares.
If you want to make use of this opportunity to make money, all you need to do is ensure that your vehicle is registered, and you have a driver’s license, then start researching the various e-hailing services available. You can choose to stick to one, but you can extend your reach by registering on two or more.
2. Child-pickup service
Some children go to school in places far from where they live, and their parents may be too busy to come pick them up. In situations like this, their parents either pay for school buses, or find a family member or friend to pick them up, and if all fails, they pay someone, and that person could be you.
To be successful, you must establish trust in parents since people are wary of strangers being around their children. Alternatively, you could contact schools, and establish a contract with them. You can turn your car into a school bus, take school children to school, and bring them back home. If the children live close to you, then all the better as it will save you both time and cost.
3. Delivery Service
Another way you can earn money is to use your car to deliver packages to people. These packages could include mail, parcels, and other items. You may transport these items in your vehicle and be paid for them.
To be successful, you will need to invest in advertising. You can work with Jumia, Konga, and other e-commerce websites and help them deliver packages.
4. Moving Assistance
People move to a new home all the time and they may not have a car to move their things. You can use your car to help them move, and earn a fee for your service. This is especially feasible if you own a large car like a Sienna or a truck.
The distance you drive, the number of trips you make, and the kind of cargo you carry on those travels all affect how much money you may generate from this service.
It’s not only people that are moving that need this kind of help. People require this kind of service when they buy furniture, appliances, or other large purchases, so there is a lot of opportunity to make money with this kind of service.
5. Car Rental Service
If you don’t constantly use your car, you may rent it out to others for a fee. Depending on your agreement with the individual in need of the service, you may have to rent your automobile for a day or more.
This is very lucrative if you have a car with special features. Ferraris, Bugattis, and other luxury cars are usually in high demand, and you can make a lot of money renting them out. Video directors, musicians, and bands typically rent luxury cars for music videos and movie production.
You can still earn money by renting out your car if you drive a Sienna or a conventional car. People typically hire cars for events like weddings and other celebrations, or they might just need your car to run an errand. Telling your friends and relatives that you have launched a car rental company will allow them to contact you if they need a car rental.
6. Airport Shuttle Service
The airport is a busy place with a lot of travelers from various places in Nigeria and around the world. They will need transportation from the airport to their hotels or any other location. This could be your best option if you reside close to an airport in Nigeria.
It may take you some time to get in since you typically need a connection to join, but once you join you have the potential to make a lot of money. Meeting and networking with powerful individuals is a plus.
7. Automobile Marketing
This is one of the most passive methods of earning money with your car. All you need to do is paste a sticker of the company you want to advertise on the exterior of your car, and you get paid for the advertising work that you do.
The size of the ad, how long it will be shown on the vehicle, and the kind of vehicle it will be shown on are some of the variables that affect how much money you make from car ads.
Some people even go as far as to connect speakers to their cars and use them to promote their own businesses or other people’s businesses.
8. Public transportation
The inability to negotiate pricing and lack of technical know-how in the population makes e-hailing services unpopular with many Nigerians, especially the elderly. As such, public transportation is the most popular method of travel in Nigeria
You don’t need to register on any platform or have any license or qualification to start this service. All you need to do is go to a known park or busy area to pick up passengers. You can even pick up passengers along the road as you travel to your workplace or any location you want to go.
Conclusion
Your car may be a liability or an asset depending on how you use it. If you see your car as only a property you need to maintain, then you will end up spending quite a lot on it without gaining anything in return. If you have a car, then you can make yourself richer by using your car to make money using any of the methods above.
