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There is nothing wrong I agree with you but I guess in many countries its not legal to do that so you need to check first
I can say that it's a nice way to make use of your daily commute or errands to generate some extra cash.For does who own a personal car, advertising with your car is also a good way to earn passive income. You could get stickers of the company you are advertising and a little speaker that would be playing while you drive. All you need to do is drive round town while you play an audio of what you are advertising. With this you could also be attending to personal gigs when you earn from this. What do you think?
Probably this is one type of advertising on its kind. I think it can reach a wider geographical coverage.