The story of Fluid Market — and how you can make $1200/month renting out a box truck
“Why would I pay $18K for a company to move us from Virginia to Denver, when I could buy a box truck and do it myself cheaper?” Fluid Market’s founder, James Eberhard asked me. He and his family needed to relocate, but the moving fees were outrageous — as a DIY man, he decided to buy a box truck himself for $15K and pay a few contractors to help him with the heavy lifting. (Needless to say, his wife wasn’t very happy when he arrived home with this new toy — but that’s a whole other story.)
Once he got situated in Denver, he still had the box truck on his hands — instead of selling it, he decided to rent it out on his app, Fluid Market. For those who don’t know, Fluid Market allows you to make income off renting vehicles to your neighbors. Users can rent out anything from a pickup truck to a Tesla Model X — and they can offer it to borrowers for a hourly, daily, or weekly rate. Within the first 100 days he was in Denver he rented it out 50 times, at $75/day. He paid the box truck off within the first year, and continued renting it out after his payoff for profit.
Ironically, the moving company that helped James move into his Denver home ended up renting out that box truck to start their moving company. They couldn’t afford the cost of purchasing their own truck, so with the protection of Fluid Market’s insurance, rented the box truck for their jobs going forward. From there James purchased a few more box trucks (and convinced others to join him), and built Fluid Market into what it is today — a place where you can rent just about any type of vehicle or tool.
How can you also start making $1200/month on a box truck? It’s a lot easier than you think. Here’s how you can get started:
- Research Craigslist for 14′ to 24′ box trucks, or reach out to local branches of truck companies (like Penske or Uhaul) if they’re planning on selling any used trucks. The average purchase price is anywhere from $8K to $20K — once you list it on the app, you can rent it for $40 — $100/day to pay it off within the year.
- List the truck on the app — add photos, a description with specs, and your hourly/daily/weekly rates.
- Park the truck near an Amazon Fulfillment Center (for Amazon Flex Drivers to use), storage facility, or around your neighborhood (you’d be surprised at how many neighbors need to use it!).
- Fluid Market’s team is here to help: They provide their lenders with tips to promote their vehicles, where to find vehicles to purchase, and other lender tips to get your side hustle off the ground. They will also provide you with a tracking device and lockbox for autonomous lending!
Get started today by downloading the app, creating a user profile, and listing your vehicle.
– The Fluid Team