You own a motorcycle and you want to make it work for you. Instead of letting it sit in your garage, you can take it out more often. If you’re looking for creative ways to make money with your motorcycle, learn how to monetize your machine.
Rent Your Bike
Motorcycles are unique machines that, unfortunately, many people can’t get their hands on. While some may have a motorcycle license, they don’t have the bike to put it into practice. You can market your bike for short rental periods and let others have a spin on your wheels. If you have friends who envy your model and make, you can let them give it a spin for a small fee.
If you decide to rent out your bike, you must think about the insurance implications both for you and the rider. Work with the appropriate legal and insurance companies to set all your ducks in a row. Without these essential documents, consents, and signatures, you could be in for a world of hurt if someone crashes your bike.
Motorcycle Racing
While this tactic requires more from you than your bike, motorcycle racing puts your bike and your skills to work. There are many types of motorcycle racing options out there, so figure out which works best for your physical build and skill set. You should start out slow with your racing career and build up your track skills first. You need to establish credibility in the field before anyone will pay you to be there.
Motorcycle racing in and of itself is exhilarating, but it’s even more rewarding when you can make serious cash off your races. If you want to take your bike-related income to the next level, you need to get sponsorships for motorcycle racing. Sponsors pay you to put their logo out on the track for thousands of viewers and may even build your contract over the years. Many sponsors go from paying for product placement to working with you to build new products and tech.
Host Local Motorcycle Tours
Motorcyclists enjoy a good ride just to get the wind in their hair and sun on their backs. If you live in a scenic area with a healthy tourism scene, you can host local motorcycle tours. People love to gather with their bikes and ride around town through urban and rural areas. Brush up on your local history and take people to interesting landmarks and storied sites. If you live near long stretches of scenic highway, you should capitalize on the natural beauty around you.
Motorcycle tours are great for people who want to take their bikes everywhere they go. People visit dozens of places around the US simply to ride their motorcycles up and down a stretch of road. Make your town the next hot destination in the biker community and give them an experience they’ll never forget.
Remember these creative ways to make money with your motorcycle as you plan your next side hustle. Who knows? Your hobby could turn into a lucrative business.
Van Rundell is a writer and author who specializes in transportation, travel, guidance, health & fitness. With over 10 years of experience in the industry as a driver and an entrepreneur, he has seen it all. His tone is professional but friendly with a dash of humor thrown in for good measure. In past, he has been advising, educating and writing about transport for the public and professionals alike.
A qualified fitness instructor with over 5 years’ experience as a personal trainer and group fitness instructor, Van brings his deep knowledge of health and exercise science to his articles on health & fitness.
