Do you want to make some extra income with your car? Yes you can.
If you have a car and you do some daily travelling, you can make some extra bucks every month. Up to R4000 a month, read more below.
What You Need to know
Be prepared to enter into a contract. We generally prefer long-term commitments.
You determine how the advertising message will be displayed on your car. It could be vinyl graphic panels, magnetic signs, bumper stickers or a complete at car wrap.
We Ensure that the material to be used is not harmful to your car exterior.
We expect you to be be prepared for regular inspections and spot checks from Brand Promo.
We choose a brand that you would love to advertise and goes well with your lifestyle and driving habits.
We expect you to Keep Brand Promo informed if there is any change in your driving pattern. Relocation to a different place, enrolling your child in a new school and having a new job are instances when your driving patterns could be altered.
The lengthy form is to provide accurate information regarding your driving habits to avoid any future issues with the us
You are expected to Maintain your car well and keep all documents up-to-date. Inform us immediately in case of any damage to the car or the advertising message.
Avoid any run-ins with the law. Drunk driving records, road tax evasions or violation of speed limits are strictly prohibited.
You may have to respond to curious onlookers who ask about the product or the advertisement.
Advertisement typically pays between R1000 – R4000 per month.
Take your time when filling out the application as this information will be used to select the drivers during our campaigns.
How to Register
It does not matter what you do for a living, you can earn money while you drive!
Make Money Renting Your Car Plus Your Car Gets Covered
RentMyRide is South Africa’s first neighbor-to-neighbor car rental platform. The website makes it possible for anyone to run a small side-business by renting out their own car.
RentMyRide is part of a worldwide movement called ‘Collaborative Consumption’ or the ‘Share Economy’. The movement’s poster child is Airbnb.com. This 25 billion dollar company makes it possible for anyone to turn their home into a hotel.
According to Peter Puren, CEO of RentMyRide, the sharing economy is a movement born not only out of necessity but just plain old common sense. “It’s time to start utilizing your assets to their fullest extent.”
RelayRides is the biggest neighbor-to-neighbor car rental company in the US and currently has almost 100 000 cars on their website. Drivy, which started in France and is rapidly spreading all over Europe, currently has more than 26 000 cars listed. Similar companies are thriving in almost all big cities around the world.
Car owners can now enter the South African car rental market, previously almost inaccessible to the man on the street. Owners can make anything from R2500 to R11 000 a month from a single vehicle.
Renters can save at up to 40% compared to regular car rental companies and they have the wider selection of choice.
Renting out your own car can be a daunting thought at first, but RentMyRide makes it easy and safe. Their 10 million rand insurance policy which includes 24/7 roadside assistance should put your mind at ease.
Renters create a profile on RentMyRide.co.za and then their details are screened. Car owners set the availability and price of their car. They then get notified when a renter requests a booking.
Owners control who they rent to and can accept or deny a booking request. Once a rental is complete, owners and renters can review their experience for future user’s benefit.
RentMyRide is launching in Cape Town and from there will spread out to form a nationwide network of car owners and renters.
One of RentMyRide’s early adopters, Mike made R42 000 last year renting out his car.
It was a year ago in the spring of 2014 when Mike Bunn was first introduced to an awesome new concept: earning side income by renting out your personal vehicle.
Mike was looking to start a small business, but wanted something that he can do in his spare time and would not interfere with his full time job as an accountant. He came across an ad by RentMyRide that offered to rent out your personal vehicle.
How did you decide to rent out your first car on RentMyRide?
After seeing that initial ad to RentMyRide, Mike recognized a great opportunity.
“At first I was a little bit skeptical about renting out my car to strangers, but looking at RentMyRide’s R10Million insurance policy gave me peace of mind. I thought I will first play it save and only rent out my older model 2007 VW Polo and see how it goes. The car was mostly out on longer term rentals to international volunteer workers and some overseas university students. The international renters were a bit more conscientious than the South Africans. One German even had the car polished before he returned it. After a few months I bought two more cars to rent out.
What are you using the extra income earned through RentMyRide for?
RentMyRide has been a great addition to Mike’s own paychecks. His side income of more than R9000 per month has been nice and steady, allowing him to meet two different objectives —building his own business, as well as having discretionary spending money to use as he pleases.
“I use the extra money for a variety of things…with all the price increases some extra cash always comes in handy. I have also recently spoiled myself a bit and bought a 700cc Smart Car to have some fun in over the weekends.”
As for building my own business, “I realized renting out cars is an easy way to start small and grow my business when I can afford it. Also all the terms and conditions, signing of contracts, the booking system and payment system are done by RentMyRide. They have a robust R10 Million insurance policy and also supply 24/7 roadside assistance and customer support. It really is personal car rental made easy.”
Cryptocurrencies are causing a global stir and have proven to be a more serious pursuit than Pokemon Go, minting legions millionaires and billionaires. So you want in on the action and reckon you’ll take your chances in the choppy waters of crypto trading.
You’ve gotten yourself studied up on Technical Analysis and have learned all the terminology (you’re saying things like Exponential Moving Average, Bollinger bands, head-and-shoulders patterns etc.) and you’re ready to dive in and get your ‘buy low, sell high’ on. Not so fast Gordon Gecko, you might want to sharpen your skills first. You know, to make sure you don’t get in the game and get bullied by the bears.
How do you get the necessary practice in? Well if you don’t want the crypto big boys wiping the sidewalk with you, you need to get yourself a trading simulator. Here are a few simulators you can check out.
Coins2Learn offers a safe and free simulator teaches you how to exchange Bitcoin and altcoins to improve your trading abilities, without risking real money.Trading through a simulator enables you to gain valuable experience and confidence trading cryptocurrencies without the risk of going bust.
Coins2Learn also offer you a chance to compete with other traders in a global league, for the chance to win actual Bitcoin.
BitcoinHero is a free Bitcoin game/simulator for those who want to learn how to trade Bitcoin and other cryptocurrencies without any risk. You can also change the bet and leverage, thus managing the potential profit size. Buy or sell Bitcoin, ETH, LTC, and Dash at their actual prices!
CryptoGround features a beginner’s guide and news tab in addition to offering a simulator. The simulator is currently being revamped to offer a better trading experience but you can still test your mettle on the old one
That covers your desktop trading practice. For those who want to steal a moment of practice while waiting for the Gautrain, there are mobile obtions available. Namely: CryptoTrader, Cryptocurrency Exchange Simulator, and CryptoMarketGame, which mimic actual exchange layouts and use historical price charts so you’ll be trading against a coins actual historical price movements.
Get as much practice as you can before diving in with real value. Hone your strategy on a simulator and you have less chance of getting yourself spanked when you enter the markets. Happy trading.
Since cryptocurrencies appeared and their price increased, scammers tried to take profit from it. Hacks, scams, and mysterious Initial Coin Offerings were the tactics used by crooks that wanted to steal others’ funds. Now, the country that is suffering from an important scam in South Africa, where more than 27,500 people, have been affected.
The Bitcoin investment group BTC Global has reported that R600 million in crypto assets have been stolen from the group’s investors.
South African Investment Group Scam
Investors from South Africa, Australia, and the United States have been affected by one of the most important Bitcoin hacks. According to local news sources, Steve Twain, the sole manager of the investments at the company, disappeared in February 2018 without mentioning anything about the funds. BTC Global’s administrative team wrote a post on Facebook two weeks ago explaining that they were not able to locate Twain.
At the moment, the South African Directorate for Priority Crime Investigation (Hawks) is working investigating claims against BTC Global. Mr Captain Lloyd Ramovha, part of the institution, confirmed that the Serious Commercial Crimes Unit is working side by side with the “Hawks.”
Some investors have reported very important sums of over $100,000. Individuals that wanted to invest in BTC Global, had to send their funds to a single wallet address.
Mr Ramovha commented:
“I have spoken to one of the investigators in our team and he has confirmed that this matter came to them about two weeks ago. There are in excess o 27,500 complaints with many outside South Africa. The amount is over $50 million and could rise as more victims come forward.”
When speaking with The Sunday Times, Antoon Botha of BMV Attorneys confirmed that they are working with several clients involved with BTC Global. According to Botha, they are planning to take legal actions against the company and its representatives.
“The investigation is in its infancy,” said Mr Ramovha. “I also cannot say whether it is a Ponzi scheme. BTC Global is being investigated for contravening the Financial Advisory and Intermediary Services Act,” he said.
Cryptocurrency Risky Investments
But even when the funds have been lost, the company keeps explaining that cryptocurrency investments are risky and that investors should know what they were doing. As BTC Global works as any other fund, the risk of losing the investment are inherent, says an administrator at the company.
“Every single person who invested in BTC Global did so of their own volition and subsequent to having conducted their own research into the fund. As is the case with any fund into which money is invested there is no guarantee that an investor will be receiving any return on their investment.”
Clearly, investing in cryptocurrencies is a risky investment. The market is very volatile and it is not regulated yet. This situation is perfect for scammers to spread and steal investors’ funds.
All over the world cryptocurrency scams have been registered. Hackers have been stealing investors’ funds from cryptocurrency exchanges. Initial Coin Offerings (ICOs) have never started the promised project. Finally, fake cryptocurrencies and platforms promising unrealistic returns, as BitConnect, have also been in the news.
Some time ago, Coincheck, a Japanese exchange, has been hacked and $500 million dollars in NEM coins were stolen. At the moment, NEM is working with the local authorities in order to track the funds.
As investors, it is important to be aware of these scams and to avoid not recognized sites and not professional businesses. Now, 27,500 individuals are trying to locate their funds, but tomorrow it can happen to any of us if we are not careful about the investments we do.
Bitcoin explained, what it is, who created it and what it is used for. This information was sourced from Coindesk.
What is Bitcoin
To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as “bitcoin.”
The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren’t printed, like dollars or euros – they’re produced by computers all around the world, using free software.
It was the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.
Who created it?
A pseudonymous software developer going by the name of Satoshi Nakamoto proposed bitcoin in 2008, as an electronic payment system based on mathematical proof. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way.
To this day, no-one knows who Satoshi Nakamoto really is.
In what ways is it different from traditional currencies?
Bitcoin can be used to pay for things electronically, if both parties are willing. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.
But it differs from fiat digital currencies in several important ways:
1 – Decentralization
Bitcoin’s most important characteristic is that it is decentralized. No single institution controls the bitcoin network. It is maintained by a group of volunteer coders, and run by an open network of dedicated computers spread around the world. This attracts individuals and groups that are uncomfortable with the control that banks or government institutions have over their money.
Bitcoin solves the “double spending problem” of electronic currencies (in which digital assets can easily be copied and re-used) through an ingenious combination of cryptography and economic incentives. In electronic fiat currencies, this function is fulfilled by banks, which gives them control over the traditional system. With bitcoin, the integrity of the transactions is maintained by a distributed and open network, owned by no-one.
2 – Limited supply
Fiat currencies (dollars, euros, yen, etc.) have an unlimited supply – central banks can issue as many as they want, and can attempt to manipulate a currency’s value relative to others. Holders of the currency (and especially citizens with little alternative) bear the cost.
With bitcoin, on the other hand, the supply is tightly controlled by the underlying algorithm. A small number of new bitcoins trickle out every hour, and will continue to do so at a diminishing rate until a maximum of 21 million has been reached. This makes bitcoin more attractive as an asset – in theory, if demand grows and the supply remains the same, the value will increase.
3 – Pseudonymity
While senders of traditional electronic payments are usually identified (for verification purposes, and to comply with anti-money laundering and other legislation), users of bitcoin in theory operate in semi-anonymity. Since there is no central “validator,” users do not need to identify themselves when sending bitcoin to another user. When a transaction request is submitted, the protocol checks all previous transactions to confirm that the sender has the necessary bitcoin as well as the authority to send them. The system does not need to know his or her identity.
In practice, each user is identified by the address of his or her wallet. Transactions can, with some effort, be tracked this way. Also, law enforcement has developed methods to identify users if necessary.
Furthermore, most exchanges are required by law to perform identity checks on their customers before they are allowed to buy or sell bitcoin, facilitating another way that bitcoin usage can be tracked. Since the network is transparent, the progress of a particular transaction is visible to all.
This makes bitcoin not an ideal currency for criminals, terrorists or money-launderers.
4 – Immutability
Bitcoin transactions cannot be reversed, unlike electronic fiat transactions.
This is because there is no central “adjudicator” that can say “ok, return the money.” If a transaction is recorded on the network, and if more than an hour has passed, it is impossible to modify.
While this may disquiet some, it does mean that any transaction on the bitcoin network cannot be tampered with.
5 – Divisibility
The smallest unit of a bitcoin is called a satoshi. It is one hundred millionth of a bitcoin (0.00000001) – at today’s prices, about one hundredth of a cent. This could conceivably enable microtransactions that traditional electronic money cannot.