Reader Matt has power tools, space, and the will to use both. He both completely transforms one object and tweaks another for bike purposes. The text and pictures below will whet your appetite, and his blog has videos and pictures that document both the repair stand and the trailer.
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I have two hacks: I created a bike work stand using pallet wood and my work bench vice, cost $0.00. Also I created a bike cargo trailer. I bought an old burley child trailer for $50 on Craig's List. I took it apart and made a cargo container using old closet shelving, garage door opener track and other items. Total spent: $50.00.
This . . .
. . . . was turned into a repair stand.
. . . . was transformed for a small human carrier to a small stuff carrier.