Business
Earning Extra Money While Driving as a Side Job?
In the increasingly competitive ride-hailing industry, Uber and Lyft drivers are constantly searching for new ways to maximize their earnings, but one emerging trend involves advertising in the form of eye-catching car wraps. By allowing companies to place advertisements on the exterior of their vehicles, Uber and Lyft drivers drive sales as they drive their regular routes.
“Earning extra income for each mile your drive is as easy as downloading our app on your smartphone and telling us a little about your driving habits, your car, and yourself,” Says Judah Longgrear, CEO and co-founder of Nickelytics. “We analyze your daily routes and mileage to match you with the brand that will benefit most. Our team reviews your information and reaches out as soon as a campaign is available in your area.”
What is car wrap advertising?
Car wrap advertising is a highly effective marketing strategy that involves drivers partnering with companies to cover a vehicle’s exterior with a large advertisement. These advertisements often display a company’s logo, branding, and contact information.
Car wraps can also be partial or full, covering specific areas or the entire vehicle’s surface. This moving advertising allows companies to reach a wide audience as wrapped vehicles travel throughout various locations.
“Since campaigns depend on our advertisers’ needs, we can’t predict exactly when and where new campaigns will emerge,” Longgrear remarks. “However, if your primary driving route lies within a 30-mile radius of Dallas or Houston, Austin, or San Antonio Texas, we are actively recruiting to fill positions now.”
Benefits for Uber and Lyft Drivers
Uber and Lyft drivers can reap several benefits by participating in car wrap advertising, but perhaps the biggest advantage is the opportunity to earn passive income. By partnering with companies for rideshare advertising campaigns, Uber and Lyft drivers receive payment for allowing ads to occupy space on their vehicles. The amount of income depends on various factors, such as the location, duration of the campaign, and the driver’s route.
Since the primary occupation of Uber and Lyft drivers is offering rides, car wrap advertising provides them with the flexibility to earn added income for what they already do during their regular work hours. They continue earning their regular income by providing rides, while the advertisements generate passive income. The driver’s primary role is to maintain their vehicle’s appearance, ensuring the ad remains in good condition.
“We prefer to hire rideshare and delivery drivers, but we also welcome business owners and commuters if they meet our mileage requirements,” says Longgrear. “To earn extra income with car wrap advertising, our drivers must be able to log at least 30 miles each day, 150 miles each week, and 450 miles each month.”
Drivers also benefit when a well-designed car wrap makes them stand out from other rideshare drivers, potentially increasing their popularity. This heightened visibility benefits not only the advertiser but also the driver.
Drivers have the freedom to select campaigns that align with their personal preferences. When passengers take notice of advertisements, it can spark conversations, create connections, and lead to a boost in tips.
How drivers can get started with car wrap advertising
To get started earning extra money through car wrap advertising, Uber and Lyft drivers should look for reputable car wrap advertising companies that connect drivers with potential advertisers. Before signing on, they should ensure that the platform has a good track record, pays drivers fairly, and provides clear guidelines for the advertising process.
As drivers research, they will want to investigate the requirements for qualifying their vehicle for car wrap advertising. “At Nickelytics, we are currently looking for drivers over the age of 18 with valid driver’s licenses, clean driving records, and 2018 cars or newer,” says Longgrear.
Once approved, drivers choose the advertising campaigns they want to participate in. They do this by reviewing available options and selecting campaigns that align with their preferences and the target audience they generally encounter during their rides.
When an advertising company selects a driver for a new campaign, it reaches out to schedule car wrap installation. This process usually takes a few hours and is performed by professionals to ensure a high-quality wrap.
“Once we choose you to participate in a campaign, we’ll put you in touch with the nearest car wrap installer,” Longgrear explains. “You coordinate your wrap installation, but we cover all the associated installation and removal costs.”
After the wrap is installed, drivers earn additional income based on the terms agreed upon with the advertising company. Payments vary depending on several factors.
“Our drivers’ pay varies depending on the length of the campaign and type of advertisement,” notes Longgrear. “Typically, our drivers boost their regular income by an extra $175 and $250 monthly. However, select campaigns can enable them to earn up to $500.”
Car wrap advertising presents a win-win situation for both Uber and Lyft drivers and companies looking to expand their reach. With minimal effort, drivers benefit from increased income and visibility while companies gain exposure to a broad audience. As this innovative advertising approach continues to gain traction, it presents an excellent opportunity for drivers to earn extra money while doing what they love: driving.
Business
Retire Smart, Save More: How MDRN’s Virtual Planning Model Can Slash Retirement Costs
The media is calling it a “retirement crisis.” Millions of Americans are arriving at retirement age woefully unprepared.
Some studies suggest that 45 percent of the Baby Boomers have no retirement savings, while 28 percent of those who have started saving have less than $100,000 put away. Consequently, many Americans now living in retirement or approaching that season are looking for ways to cut back on their expenses.
Aaron Cirksena, founder and CEO of MDRN Capital, has a solution for those looking to retire smart and save more. His firm’s completely virtual model increases retirees’ spending power by decreasing the fees associated with retirement planning.
“Our unique approach to providing retirement planning services allows our clients to experience significant savings when compared with the traditional model of investment management and retirement planning,” Cirksena shares. “When we did away with the overhead expenses that stem from operating a brick-and-mortar office, we were able to create a fee solution for our clients that is lower than the typical advisor. On average, our fees on the entire client portfolio tend to run 30 to 40 percent lower than the typical advisor operating under a conventional model. Additionally, we can provide services like estate planning, tax planning, and tax preparation at no additional cost.”
MDRN Capital is revolutionizing retirement planning by offering a comprehensive range of services, including income planning, investment management, tax planning, healthcare, and estate planning, in a setting that exceeds the efficiency and effectiveness traditional providers are able to offer. Unlike traditional firms, MDRN Capital leverages the power of digital tools to deliver comprehensive services without the need for in-person meetings, allowing clients to enjoy their retirement while their financial needs are expertly managed.
“My goal with MDRN Capital was creating a completely virtual firm that could more efficiently provide the convenience clients wanted while also meeting their ongoing investment needs,” Cirksena shares. “MDRN Capital’s virtual model empowers an environment in which we could serve our clients with less costs to the firm and pass the savings on to them.”
Financial planning for the new normal
MDRN Capital’s innovative approach to retirement advising emerged as a result of Cirksena’s experience during the COVID-19 pandemic. Due to social distancing, advising during the pandemic shifted to virtual appointments. When social distancing was no longer necessary, Cirksena expected his clients would resume their pre-pandemic patterns. He was wrong.
“My clients let me know they preferred the comfort and convenience of virtual meetings to the hassles associated with having in-office meetings,” Cirksena says. “They didn’t miss sitting in traffic and searching for parking spaces, and I couldn’t blame them. Even the clients who lived only a few minutes away decided they would rather meet via Zoom than have a face-to-face meeting in our nice Class-A office space.”
MDRN Capital was designed to meet the client expectations that emerged during Covid. By leveraging technology to take his services to his clients rather than expecting them to come to him, Cirksena made advising more convenient and more cost-effective at the same time.
Financial savings for struggling retirees
Recent studies show the high inflation the US has been experiencing has a larger than average impact on many retirees. In response, many are looking to tighten their belts by cutting back on spending, but reducing the fees associated with retirement accounts is something few consider.
“For retirees, lower gas and grocery costs are certainly helpful,” Cirksena says. “However, cutting their investment management costs in half puts dramatically more money in their pocket over time than lower prices on goods ever could.”
To understand the impact MDRN Capital’s approach can have on retirees, consider that $250,000 earning seven percent over 20 years will grow to $967,421.12. Factor in a 1 percent fee, and growth is limited to $801,783.87, but raising the fee to 2 percent causes earnings to fall to $721,034.70.
Cirksena points to his industry’s failure to embrace modern technology as one reason why investment fees remain high.
“Unlike many industries that have used and adopted technology for decades to help lower costs and make services more efficient, the financial services sector has lagged behind,” he explains. “Many firms continue to incur unnecessary overhead and expenses, which their clients pay for in the form of elevated fees.”
The virtual investment environment Cirksena has created moves retirement planning into the future. It provides a financial service experience that is convenient, comfortable, and efficient while also ensuring that none of its clients’ investment potential is wasted on unnece
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