There is nothing quite like the thrill of riding a motorcycle. It gives you a sense of freedom that is unmatched by any other vehicle experience. The only frustrating thing for many motorcycle riders is how much time they have to spend not riding their motorcycle, doing non-motorcycle things like working.
There is however, some serious cash to be made from motorcycles, and we don’t just mean by buying or selling them. In this article we will explain 6 great ways to make money through your motorcycle.
1. Sell Motorcycle Photography to Adobe Stock
This is an awesome way to make money through your motorcycle. Not only can you sell
your motorcycle photograph, but keep in mind that a motorcycle is an excellent vehicle that can get you to places where nobody else can get. This means that you will be able to take some amazing nature photos in places off-limits to anyone without a motorcycle to get them there.
2. From Racing
If you are a skilled motorcycle racer, then there is great money to be made from racing. You don’t have to be a moto GP champion to make some serious cash from racing as there are many local small races with great prize money. Just remember that motorcycle racing can be extremely dangerous, as can riding a motorcycle at any time.
It is very important to make sure that you have comprehensive insurance and that if you do have an accident, it can put you out of commission. Especially when you earn your living through your motorcycle, it is vital that you get a good compensation settlement after an accident and you can read more here about how to guarantee that.
Insurance companies are notoriously reluctant to pay out to motorcyclists, especially ones who are into racing. Make sure that you get experienced legal representation, because they can guarantee that you get the money you are entitled to, which will help you get back on your bike and earn money again as quickly as possible.
3. Courier Services
Especially at the minute when so many people are stuck in lockdown, providing courier services is one really good way to make money. These days, people want fast door-to-door delivery and so motorbikes are a really great way to provide this as they can weave in and out of busy traffic.
Motorbike couriers can deliver anything from food to mail. As more and more of our purchases are being made online there is an increasingly significant amount of money to be made working a motorbike courier.
4. Taxi Services
Motorbike taxi services have been popular in Asian cities for years and are now starting to become popular elsewhere in the world too. Motorbike taxis are especially great in cities where there is always really bad traffic. One thing that you will need to consider if you are providing taxi services with your motorbike is to make sure to always carry an extra helmet for your customers.
5. Flipping Motorcycles
Flipping motorcycles will take some time and research but the basic idea is that if somebody in your local area is selling a motorcycle for less than what it’s worth, you buy it, fix it up, clean it meticulously, and then sell it for a profit.
Be very careful when you are buying motorcycles though as if you end up buying one with absolutely no resale value, you could lose a lot of money. Make sure you do your homework carefully to ensure that you are only buying quality machines.
6. Rent Out Your Motorcycles
Renting out motorcycles can generate some serious profits, especially if you are an avid motorcycle collector who has a lot to rent out. This takes a minimal amount of marketing through Facebook or other social media, and if you already have a big following, they will be excited to get the opportunity to rent out one of your motorcycles.
You can rent out ordinary motorcycles for people to use as a day to day means of transport, or rent out high spec or customized motorcycles to give people a special motorcycle experience. Think of it as like one of those Racing Car days when people rent a Ferrari to drive around a track.
There are many fantastic ways to make money through your motorcycle, and with just a little planning and creativity, you will be amazed at how much you can make. Think about selling photos, merchandise, and renting out your motorcycles when you are not using them. If you are a speed freak, racing can be very lucrative, just make sure you are fully insured as accidents do occur.