How to Make a Passive Residual Income through Car Pooling
Car pooling is an incentive program that aims at encouraging vehicle owners who drive to work to make money by utilising the extra seats on their car. Car pooling not only acts a income source and a way to offset the costs of your transportation, it also encourages interactions and networking between people. You wont become a millionaire by any stretch of the imagination, but will be able to offset the costs of your own travel. Income from car pooling is considered a passive income source, as you do not have to actively work for it if the travel is already part of your daily routine.
Most people who would like to know how to make passive residual income are people who already have a main income stream or source. This article will give you details on everything you need to know to get that extra cash from car pooling.
If you are interested in finding out more about offsetting your travel costs through car pooling, simply register with the car pooling community in your area with sites like Waze car pool, Uber Pool or Lyft line. These sites will help connect with other commuters who are heading in your direction.
Most of the sites, like UberPool, have a mobile App from where you simply upload your profile.
If you don’t want to use a third party tool, then you can also recruit your own passengers by designing a flyer indicating that you’re car pooling, or posting a note on a community notice board or a local facebook group.
The Best Car Pooling Sites to Join
The best part about setting up a car pooling ‘business’ is that you don’t have to do the hard work of looking for riders. One of the suggestions that popular search engines will give you when you search ‘how to make a passive residual income’ through car pooling is to use car pool community websites. Such websites will easily match you up with riders in your area who go to a similar direction with you.
With the amount of traffic increasing in major cities, most people are opting for car pooling services both as a way for saving time and saving money. Car pool websites and Aps like Waze Carpool, Lyft Line and UberPool make car pooling easier for both riders and drivers.
Setting Up a Car Pool Profile on Car Pooling Apps
Setting up your car pooling profile on any car pool community site is easy. You simply download a car pool App for example Lyft Line and then go to new user setting. In the example for Lyft app the setting is found on the tab ‘Line’. The app will match you with a rider going in the same direction and you get to fix the price for the ride up front.
The benefits from car pooling
Driver: Commuters will pay an upfront fee through the car pool website and the money will then be transferred to you. Usually the site will also take a cut for site maintenance, but this is a small amount of money compared to not making any money at all with the extra spare seats in your car.
Commuters: if you use car pool services as a commuter, you get to save up to 50% or more from the amount you would have used as fare or for fuelling your car. You will also be able to work whilst you are in the car on your phone or alternatively network with your fellow commuters.
Environment: By potentially reducing the number of vehicles on the road, there will be a subsequent reduction in vehicle emissions.
Other passive income ideas
If you are interested in learning about other ways to enjoy earning a residual income then have a look at other passive income opportunities on this site www.passiveresidualincomefreedom.com