Uber Driver Application - Is It Really Worth It?
Are you thinking about making money driving for Uber or Lyft? Read this...
When you take into account; the gasoline cost, wear and tear on your car (including the occasional backseat accident from the drunk passengers) is it worth it?
Whichever service you use PLEASE make sure you read the rules about what you can and can not do.
Here's what you will need:
A car younger than a decade.
Smartphone with unlimited data.
Phone car charger.
Clean driving record.
No criminal charges.
Spare time to make the runs.
Active car insurance.
Proof of ownership
Something you may not have thought about is that you can meet some critical people who might help advance your career (or business goals).
Many ridesharers actually brag about the celebrities they meet (late night runs at airports).
Another nice advantage is that YOU get to decide when to work. Unlike sitting in an office cubicle or standing on your feet all day, you control the time.
The Bad News (Sorta)
By anyone's calculations, you will make $10 or less as a ridesharer. This is taking into account the gasoline costs, and wear and tear on the vehicle.
Remember, some of your most profitable days will require you to drive in the rain, snow, etc. This is when people don't want to wait at bus stops or take the subway.
But, again, you have these benefits:
- There is no boss looking over your shoulder
- The hours are flexible. Perfect for moms working around a kid's schedule.
- College students can study in the car between rides.
- You can catch up on sleep in the car between rides (hard to do at work).
Car repairs and oil changes are critical.
To make $200/day gross you will need to drive 250-300 miles. Can you do that a
few times a week?
I would urge you not to buy into the internet hype about ridesharers who make $90k a year! Best case scenarios you will make about $1,000/month ($12,000/yr)
But if you need more than $1k a month watch this video: