With the recent economic challenges, the quest for financial stability has become more pressing than ever. Amidst this backdrop, your car doesn’t just have to be a means of transport; it can be a vehicle for earning extra income even! Let’s talk about how you can earn with your very own car in Pakistan.
The Economic Drive
Pakistan’s economy has been through a roller-coaster of ups and downs, with recent times seeing some of the most challenging situations. The country has faced tough economic conditions, with a significant impact on the daily lives of its citizens. The need for additional income streams has never been more apparent, as people strive to maintain their standards of living against rising costs and inflation.
For many, a car is one of their most significant investments, and it holds the potential to be a source of income. Here are some of the best ways you can turn your car into a money-making machine in Pakistan:
1. Signing Up For Ride Hailing Services
Joining ride-hailing platforms like Careem and Indrive can be a lucrative option. These services have revolutionized transportation in Pakistan, offering flexible working hours and a decent income. No longer do you need to worry about getting assignments done on time or about a boss who pays you no respect. Instead, you can take matters into your own hands and make a living for yourself at your convenience. You can earn approximately PKR 50,000 to 60,000 per month after expenses, with full-time dedication.
If you feel the time doesn’t justify the pay-off, well you can always put your extra car to use by hiring a driver and letting him do all the work for you.
2. Carpooling With People
With the growing concern for the environment and the need to reduce travel costs, carpooling has become a popular option. By offering rides to individuals traveling in the same direction, you can share the costs and make your travel more economical. This has been gaining quite a traction in the past couple of years, where numerous groups have popped up on social media. People tend to be looking for others going in the same direction as them and wholly rely on carpooling for work or university. Plus people tend to feel safer knowing a like-minded individual will be driving with them as compared to random strangers from ride-hailing applications.
3. Using Your Car As A Billboard On Wheels
Your automobile may become a moving advertisement. Car wrapping is becoming more popular, and businesses are continuously searching for creative methods to promote their businesses. All you have to do is drive around and get money by having advertisements on your car. But remember not to overdo it and make it the new redbull mascot. It may attract unwanted attention and your car might not look the prettiest, but hey!, whatever gets the bills paid.
4. Renting Your Car
You may generate a reliable passive income stream by renting out your car. Your automobile may make someone else’s travel easier. It will also save you money, especially with the surge in tourism and ongoing demand for transportation. People tend to buy cars with the intention of renting them out later on to provide themselves with a constant rolling income.
While using your car to earn has its advantages, there are also downsides. The wear and tear on your vehicle can lead to higher maintenance costs, and the additional time spent driving can be taxing. Moreover, depending on a single source of income from your car can be risky, as market dynamics can change rapidly.
At the end it all depends on what you decide. You can go for any of these options and be happy with it. And if you’re worried about being judged, don’t be. Because the people judging aren’t the ones who are gonna pay your bills, you are.
Stay tuned for more automotive guides like these; this is your favorite friendly neighborhood gearhead Zayaan, Signing Off!