Do you dream of one day cruising around the countryside in an RV, visiting national parks and museums? Well, there has never been a better time to become an RV person or family. Not only are housing prices growing out of control, but the pandemic has shown that the ability to travel independently will be valuable moving forward.
However, RVs are expensive, so we will need to use everything we learned about taxes (in Taxes 102) to compensate us for our travels. That’s right; we will brainstorm ideas on using business and taxes to subsidize our trips to get maximum enjoyment out of being an RV family. (Here is a list of RV Jargon, courtesy of Campersinn)
Stationary ideas. First, let’s review some of the concepts discussed in the article “Start a Luxury Vehicle Business.” RVs are like tiny homes, and some cost even more than homes; therefore, we can rent them like homes.
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Airbnb has special hosts that rent RVs out for the night. When people rent from Airbnb, they do not drive the RV around. This is an excellent idea for an Airbnb business if you have a nice-sized property and you can give your RV some good environmental ambiance.
In the article “Become a Land Millionaire,” we learned how to obtain land for cheap. Since that article, real estate, in general, has blown up in prices. Buying land is still an option; however, you will probably be far from city centers.
Lucky for you, RVers love to drive to the middle of nowhere. Dry Camping, or boondocking, refers to camping without hookup or other “luxuries.” If you have land, you can set up a gravel road and a concrete pad and allow RVers to host themselves.
RVers are always looking for safe places to park and spend time. Some also like to be away from other RVers because human nature needs some time away from others. Having some land and pads throughout the countryside can make for some high passive income and an excellent way to let your land appreciate.
I love renting rooms as a source of high passive income. However, it may be a little too close to home for most people. How about renting your RV. If you are waiting a few years before becoming a full-time RVer, you may want to have someone else pay your RV mortgage.
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My wife and I rent two master suites in our home for $800/month apiece. We could easily buy an RV and build out hookups and get the same amount for renting it out. Truthfully, we could probably get even more due to people wanting privacy.
I envision, if you get a nice white picket fence, put a garden inside, a place for a hammock, people would flock to your RV land to rent. It is all about the details. I am more of a tiny home or mobile home person, but many people are looking for alternative forms of housing.
Let’s do some math⏤because MATH. If our RV cost $30,000, we would pay $600/month over 5 years (at 7%). Therefore, renting our RV for $800-900, we could have someone completely pay it off for us before taking off on our RV life.
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Mobile ideas. Now, let’s talk about ideas where our RVs are on the road. RVezy is a website where people can come to find RV rentals for the road. What does that mean for our business?
Using this website allows us to buy multiple RVs and start a business. If you have the land, you can have your company purchase the RVs and use websites like this to rent your RVs out.
You could even use this in conjunction with Airbnb and have little camp areas to have some stationary rentals as well. This business would be capital-intensive upfront (expensive) but could become more passive as you automate it through management.
Again, these ideas are for people that genuinely love RVs. If you are a fair-weather RV person, you may not want to get too far into the business aspect of life.
RV driving school. Another great idea for people who love RVs is to become an RV driving instructor. You can start a school to teach people how to drive RVs. Remember, more people than ever want to become RVers, but they are coming from city life.
They will need people to assist them in not only driving but learning the life. Do you know how to hook up the connections and change propane tanks? They probably don’t. This is a good place to use your lifelong knowledge of RV life to teach others.
From your driving school, you can set up a referral network with RV dealers. Once people trust you, they will ask you for places to buy RVs and equipment. Be honest, and let them know you will be receiving a commission for referring them. There is a lot of money in referrals, especially of $75,000-$200,000 RVs.
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Online business. Starting an online business is still one of the best ways to make cash in today’s society. As an RVer, you have a lot of inherent knowledge that most ordinary folks do not have.
Most people want to learn about RV life, so there is still a huge appetite for new voices to be heard. I even follow an RV blog about a couple retiring on dividends and living the RV life.
I would start with a blog. If you are 5-10 years out from an RV retirement, then you can begin your journey from there. Everything you learn, someone else will have to learn as well. You can start to build your audience well before you get on the road.
The blog can lead to an ebook series because blogs are hard to navigate after years of writing. You will want your readers to be able to catch up in a straight line. Ebooks are a simple way to get your blog out in front of many new readers and followers.
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Next would be a YouTube channel as you start to hit the road. People would love to experience your travels with you. Remember, you have built a small following from blogging, and they will want to see more of you, especially on the road.
From YouTube, the sky’s the limit. You can create online courses to teach people basic and advanced RV techniques and lifestyle adjustments. Affiliate marketing is huge in the RV space. There is always a new solar set up, radio, TVs, and other gadgets to make people’s RV lives more enjoyable.
If your audience knows, likes, and trusts you, you may as well be the one making a small commission on their purchases. Don’t forget about printables and merchandising. Any kind of logbook or journal you create to log in mileage, dividends, day to the road, campsites, etc., can be made into blank printables to sell on Etsy.
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When you brand your RV school or online business, you can create merchandise as your own business. You can sell shirts and mugs and more RV-centric items like flashlights or tents. Again, the sky’s the limit when it comes to merchandising.
Conclusion. There are many ways to start a business around your love of RV life. From everything, I have learned over the last year of blogging and publishing books, having a blog is the best way to wrap everything together.
A blog is an online glue to let everyone stay abreast of everything happening in your RV life. I have learned that building an audience on someone else’s platform can make you a follower, not a leader.
So, build a blog and an email list, and go from there. People will want to follow your RV life as long as you are consistent. Again, there has never been a better time to get into RV life. Even if you are a beginner, what you are learning is precisely the information other people need to know as well.
Some of my most popular books are ones on how to become a writer. I just decided to write for passive income, and now, here I am. But people are very interested in my journey. The hardest part of writing is putting your work in front of other eyeballs.
It will be the same with your journey, but don’t have a scarcity mindset. There is room for you and your journey to succeed in the world. Good luck and Happy Investing!
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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
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