So much so I put it as my phone screen wallpaper on my -now-retired- iPhone 4S. I made myself a promise that I was going to own that exact model even if I had to work until I am 50. 3 years later, 2016, luckily, Turo had collapsed the timeline of car ownership so I bought it at 22 years old, on a loan. It has been my best investment yet.

Today I paid the bank my last car payment, so it’s really REALLY mine. Now I decided I am never going to sell my Cay, I will still want to ride it when I am 50 (+ its a recurring source of income) What are we if we’re not moved by dreams that get bigger and more challenging as we grow-up.

I’d just love to drive a Porsche young. If there is that one car you’ve been dreaming to own, reach out to me and let me hook you up with your dream car and put it on Turo for everyone to experience, you can learn it by yourself on my Turo University 100, or schedule mentorship so you can get 0 to 100 real quick – no pun intended.

If you consider the basics, Turo, is a car-rental platform where you can rent out one or more cars to make money. It’s a fairly new rebranded platform, previously RelayRides, a bit different from the older Uber. It is so that you are not driving the car, only renting it to travelers. Here’s a comparison between the two platforms, Uber and Turo, so that you can make an informed decision as to which platform to pick as your side-gig or full-time gig.

Resources

For both Uber and Turo, you need to have a car. What’s different between the two platforms is that for Uber, you also need to invest your time as well as the car. For Turo, on the other hand, you are investing your asset, as is the case with Airbnb, rather than your time, although arguably they all need time. And since you aren’t behind the steering wheel yourself, it works as the perfect side-gig rather than another employment. The best thing about it? You can add as many cars to your fleet, but you can only drive only one Uber-car at any given time.

Profit

With Uber, the maximum that you can put in is 24 hours, and in turn your profits are limited. Now compare it with Turo, where you are not limited by the number of hours since you aren’t investing your time. While renting out a single car on Turo may not be as profitable as driving for Uber, you can rent out as many cars on Turo as you like; the profits aren’t limited.

Protection

Protection could have been the concern with renting with Turo had it not been for the coverage offered by the premium packages. Since you are the one driving your car on Uber, protection isn’t a problem at all. You do, however, have to make an intelligent bargain between coverage and earnings by choosing an appropriate package for yourself.

With the premium package, you can earn 65% of the trip price and will be compensated for any damage to your vehicle in addition to a replacement vehicle if need be. If you choose to earn more, you could go for the basic package which gives you 85% of the trip price but includes a deductible of up to $3k and offers no replacement vehicle or compensation for damages. There’s a standard package as well with coverage that’s less than that of the premium package but more than that of the basic package; it gives you 75% of the trip price.  

Location

Location isn’t a major concern if you choose to drive for Uber since it has steady bookings in plenty of areas. For Turo, in contrast, the guest will need to pick up the vehicle and drop it off at the same location, if you don’t want to do “deliveries” and pick it up from another drop off location. If you’re considering renting your car on Turo, it will help if you live close to an airport or can deliver your car there since the majority of the bookings will be from there.

By comparing all the factors in a systematic way, you can choose the best side-income for yourself.

This year during my internship time at Turo, I was responsible for establishing the Commercial Host program in Canada from scratch, and this meant making a lot of phone calls to get dealerships and rental agencies onboard on the platform, promising to give them thousands of dollars worth of business..a lot would say no though! I was shocked! My close rate was lower than 20%

Then we changed strategy to IPVs! Whenever I got a rejection, I’d wear my suit and crash into their facility without an appointment and pitch them Turo.

I flew everywhere Montreal, Calgary, Vancouver, even as far as Edmonton crashing in to their businesses in my suit, no appointment and pitching them Turo face-to-face, my close rate went up to 85% adding 100s of cars on Turo including Porsche’s Lamborghinis, Mclarens, and even the first-ever Lamborghini Urus in Canada.

Today we have over 100 rental agencies and dealerships on-boarded on Turo. I still believe in many cases it was the suit that made them say yes!

It’s easy saying no to the telemarketer over the phone trying to sell you, it’s much harder to say no to a guy in front of you promising you recurring money, in a suit.