$5 Gas Tips Some U.S. Rideshare Drivers To Wrap Cars In Ads

0
48

When Duana Malcolm had her blue Hyundai Sonata sedan “wrapped” like a moving billboard, the part-time delivery driver didn’t expect to earn an extra $200 a month.

Malcolm is one of many rideshare drivers looking for other sources of income to cushion the impact of soaring gas prices and higher costs for everything from tires to maintenance, as inflation in the United States hits a 40-plus-year high.

“It’s not life-changing money, but I know I’m getting money every month for the next five months, which will ease my worries,” said Malcolm, who drives in the Miami and Fort Lauderdale areas, regarding the arrangement with the outdoor advertising company. Carvertise.

Drivers can earn between $100 and $600 per month, depending on the ad and campaign length, and can earn a bonus of $100 to $200 for timely ads.

See also  We buy small in the market carnage, choosing our ways to put money to work

And it’s not just car wraps, advertisers are also turning to traditional forms like billboards and bus benches as potential customers who were glued to their screens during the pandemic return to offices and venture out more often.

Carvertise, which pays drivers to wrap their cars in advertisements printed on adhesive film called “decals”, said it has seen monthly growth of between 8% and 13% in new registrations over the past three months, with more expected.

“By wrapping their cars with advertising from our customers, rideshare drivers turn their cars into rolling billboards and get paid for something they’re doing anyway: driving,” said Greg Star, co-founder of Wilmington, a Delaware-based company. .

See also  Malaysia Airlines set to decide to replace 21 A330s - CEO

Users will need to install an app and register on the platform to participate in a campaign and the company will select the drivers it will use based on the advertiser’s target location and user’s driving habits, whether it’s commuting to work or working carpool or delivery. driver.

Market leaders Carvertise and California-based Wrapify said they have thousands of gig drivers on their subscriber list and clients ranging from GoPuff, EA Sports, 7-Eleven to local law firms. They plastered thousands of cars with advertisements.

See also  Financial watchdogs should protect crypto investors: Swiss regulator

Although ride-sharing companies Uber and Lyft, under pressure due to a severe shortage of drivers, announced a fuel surcharge, it was not enough to offset rising fuel costs, the average price of petrol in the United States topping $5 a gallon for the first time earlier this month.

Uber and others are also in talks about formal partnerships with companies such as Carvetise to boost driver earnings, a source familiar with the matter said, but nothing has been finalized.

Uber said it focused on its cartop ad network, which has 112 million daily impressions with ad displays on more than 3,000 vehicles in major US cities.

Lyft declined to comment.

LEAVE A REPLY

Please enter your comment!
Please enter your name here