How to Earn Money with Your Trailer
If you own a trailer or are planning to buy one, you’ll be glad to learn that it can be used in a variety of ways to generate extra income. It helps to know different strategies to earn money by utilizing a trailer, which is why we've gathered up our top tips here to help you. If you want more ideas or want to check out some quality trailers for sale, get in touch with us at True Value Trailers & Power Equipment. You’ll find us conveniently located in Penrose and Florence, Colorado.
Haul Cargo
Offering cargo hauling services can be a financially smart move for you. This can be especially useful for small businesses that may not own a fleet of transportation vehicles. If you will be traveling long distances, check if you can book cargo to haul on the way back. This will allow you to earn some money on both trips rather than coming back with an empty trailer. You can talk to local business owners to see if they need your services on a part-time basis.
Move Household Items
If you own a trailer, you might find your friends and family will ask to borrow it or ask for your help with their own transportation. After all, why rent a trailer from a dealership if you can get a deal through a friend? If you know someone moving across town, you can help them out for a small fee and make a little extra money.
Transport Vehicles
Utility trailers can be equipped with rear ramps to become a perfect means to transport all kinds of vehicles – from cars to bikes and off-road vehicles for motorsports enthusiasts. Transporting multiple high-end vehicles long distances will have the biggest payoff. While there is no fixed rate for hauling cars, you can expect to earn anywhere between $300 and $700 per load. This will, of course, depend on the value of the car being hauled and the distance to be traveled.
Points to Consider
Most cargo-hauling businesses will require you to get a license from your state and have insurance. If you plan on moving cargo between states, you’ll have to register with the Federal Motor Carrier Safety Administration. If you’re transporting goods, you’ll be liable for them, so you will also require cargo insurance.
These are some of the ways you can use your trailer to make some extra money. We hope that this guide has been useful. If you have any questions or you’re interested in checking our selection of trailers for sale, be sure to visit True Value Trailers & Power Equipment in Penrose and Florence, CO. We welcome all our patrons visiting us from Pueblo and Colorado Springs.