Ways to Make Money Off Your Motorcycle

Benefits of Owning a Motorcycle

Many people know that owning a motorcycle offers a large amount of benefits. They’re fast, economical, and environmentally friendly, therefore making them a perfect option. Motorcycles are also versatile – you can use them for recreation or as your primary mode of transportation.

Additional benefits include:

  • Memories and experiences
  • Lower costs upfront, for insurance and maintenance
  • Easier to get around in
  • Fuel efficient
  • Camaraderie with other riders
  • Long lasting
  • Great resale value
  • Easy to customize

In addition to all these perks, owning a motorcycle is an investment that offers many different ways to make money off it. From renting it out for a day on craigslist, to selling it for more than what you paid for it, there are many different opportunities that you can take advantage of. In this article, we will talk about six ways to do so.

Selling Your Motorcycle

With many platforms available to utilize, searching for the right one can be overwhelming. The most popular option for selling motorcycles are the online classifieds. With the internet generating many ads, you’ll have better success listing online rather than the classifieds found in the local newspaper. Therefore, it can be a great option if you’re in need of quick cash and want to avoid the hassle of going through a dealership.

Below are some platforms that you might want to consider.

  • Rumble On
  • Craigslist
  • eBay
  • Facebook Marketplace
  • Cycle Trader

Get Sponsored By a Company

Sponsorships aren’t only for motorcycle riders who race. With the recent explosion of “vlogging”, average riders can now generate income too. As a result, you can get paid by local shops and companies to promote products or services by simply recording a video and uploading it to YouTube. When vlogging, you decide what content you’d like to shoot which gives you the freedom to execute this in many ways. Some riders strap a camera onto their gear to offer commentary in the moment. Others set up a camera to speak about gear, merch, maintenance and much more. Findings ways to make your content compelling can increase your viewer and subscription rating. As a result, this ultimately will bring viewers back for more content, increasing revenue and increasing promotional opportunities from other brands.

Delivery Services

Online food delivery is now booming with businesses popping up left and right trying to capitalize on this trend, most notably UberEATS. By using your motorcycle for delivery services, not only will they help deliver essential items to your community but also it will provide a new revenue stream for motorcyclists who have the means to do so. You may participate in the “sharing” economy by signing up as a contractor with one or more of these delivery firms. Due to these reasons, your motorbike is a valuable resource as well.

Rent Out Your Motorcycle

If you live in an area with a large tourist population, then renting out your bike for weekend trips may be worth considering.  Ride shares have become very popular in recent years and they could be an opportunity for you. If you have more than one bike, why not post both?