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Uber/Lyft are the absolute abortion of the vehicle for hire business
Uber is bad and unfortunately many newbie drivers are being systematically taken advantage of by the unscrupulous nature of this so called “ridesharing” business relationship.
My advice is, unless your headed that direction anyway for some other reason and need a trip cost reduction, is to NOT do Uber (or it’s worse kissing cousin Lyft) for profit reasons.
What I mean is trying or thinking your a taxi driver. The math simply does not work and the sooner you find this out before you go bankrupt the better.
yea the money looks great, wow over a grand a week is more than you made before working a normal job, the only catch is the costs of doing business, the balloon tax payment (social security and Medicaid still has to be paid despite deductions) and especially the high costs of repairing and replacing the vehicle simply doesn’t make it worthwhile in nearly all places.
In some areas under certain conditions (like if you live in a hot zone closest to trips requests) it might be possible to squeak out an existence, but often the hours online waiting are brutal and per online hour pay rather low despite the per hour driving pay being high.
Sitting outside a location waiting for trips? Unless it’s a high volume mall or something it’s usually not worth the effort.
Mathematically speaking you would do much better getting a real job and gaining experience and seniority that slumming it on Uber or Lyft.
The job sucks, people suck, driving sucks. It’s a sucky job for losers and yes I was such a loser, but not anymore.
So spend your time hustling for a real job, attending school or whatever and get you foot in the door somewhere where your time is better rewarded than the unscrupulous nature of these gig companies.
If you want to know the numbers, you shouldn’t be driving or delivering for less than $1 per odometer mile or $1 per minute on average including tips . That’s barely sustainable and I mean barely. You should be earning more on the meters including tips than odometer miles driven that day, if you can do that then your sustainable. But most places that’s impossible.
Another problem is there are no driver limits so more vehicles around lowers your income and available trips.
Taxis often are operating below demand as to have enough business so their drivers make money, but Uber doesn’t care. Then so many desperate drivers are illegally taking customers off the meter so you don’t have a chance at them. It’s an industry that needs to be shut down and as soon as the pirate Ubers/taxis accidents fill the courtrooms with lawsuits, the better as legislation will be passed to require drivers to carry full commercial insurance, then the game will change, cutting out the low lying fruit. Until then forget it, it’s an abortion.
Uber and Lyft are routinely stranding customers in far flung locations and even at bars and restaurants every night because there is no coordination, no human dispatcher and only a number to call in some areas. There is no pay to go get these far flung people or at the bars or restaurants. They come to hate Uber and Lyft immensely. The service is slowly and consistently eroding itself due to unavailability issues because more and more drivers are figuring out it’s a burn.
The sooner you find all this out now before your vehicle dies or you have an accident putting you out of business the better.
Please Stop Doing Uber/Lyft.
Uber and Lyft are the abortion of the vehicle for hire business.
Thank you. Your welcome. 😊
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