How To 4X Your Ride Selection For MAXIMUM Profits
HTML-код
- Опубликовано: 28 мар 2023
- 👉 MAXIMIZE your rideshare earnings with the Maximum Ridesharing Profits Course: maximumridesharingprofits.com...
Enter code RSG50 for 50% off the course (limited time deal)
In this video, we'll share some tips and tricks on how to 4X your ride selection as a rideshare driver. By following these strategies, you can maximize your profits and earn more money while driving for platforms like Uber and Lyft. We'll cover everything from the best times and locations to drive, to the importance of accepting long-distance trips and taking advantage of surge pricing.
Don't pay FULL Price for gas! Download Upside here: therideshareguy.com/go/getups...
Did you know The RideShare Guy also publishes in-depth articles? Get all our money-making tips and tricks in your email for free: therideshareguy.com/subscribe...
¿Hablas español? Echa un vistazo a The Rideshare Guy en español aquí: / @therideshareguyenespanol
Become a driver for Lyft: yt.therideshareguy.com/lyft-d...
Doordash is the #1 delivery app right now! Dashers are regularly making $20-25/hour! Sign up here: yt.therideshareguy.com/doordash/
Dallas - Fort Worth and Houston drivers! Need to rent a car? We recommend RideShare Carz therideshareguy.com/go/ridesh... It's affordable for everyone, even for weekend-only drivers. They provide free rideshare training to boost your earnings! We like that they're run by an Uber driver. :) Limited Time: “Rent 5, Get 2 Days Free” on your first RideShare Carz rental! Just say The RideShare Guy sent you
Sign up to drive for Uber, Uber Eats, Lyft, Instacart, Shipt, and more: therideshareguy.com/gig-jobs/
Checkout The Maximum Ridesharing Profits Course: maximumridesharingprofits.com...
Enter code RSG50 for 50% off the course! (limited time offer)
Earn cashback on ANYTHING you buy from ANY store. Download the app here: yt.therideshareguy.com/fetchr...
Save on oil, tires, car parts, and much more using the free Rakuten app. therideshareguy.com/Rakuten
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Website: therideshareguy.com/
Facebook: / therideshareguy
Twitter: / therideshareguy
Instagram: / therideshareguy
TikTok: / therideshareguy_
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
About The RideShare Guy:
I'm Harry, the founder of The Rideshare Guy. I started driving for Uber and Lyft in 2015 and eventually quit my day job as an aerospace engineer to run The Rideshare Guy full time.
These days, I'm a trusted media expert on all things rideshare and have a number of contributors across the country who are all driving for Uber and Lyft and other gig companies like Instacart, Doordash, and Postmates.
The RideShare Guy has appeared in The New York Times, The Wall Street Journal, CNN, CNBC, NPR, 60 Minutes on CBS TV, The Washington Post, Wired, Forbes, SFGate, and hundreds more.
The RideShare Guy has interviewed top gig economy leaders such as:
• Uber CEO Dara Khosrowshahi - • Interview with Uber CE...
• Lyft CEO David Risher - • RSG252: Interview with...
• DoorDash CEO Tony Xu - • Interview With DoorDas...
• Lyft Co Founder John Zimmer - • Interview With Lyft's ...
Harry also consults for both established corporations and start-ups. - therideshareguy.com/consulting/
Tags
#Uber
#Lyft
#Profit
Related Videos
Hot Uber/Lyft News Playlist - • Prop 22 Results Are In...
Delivery Driver Playlist - • How to sign up for Ins...
New Drivers FAQs Playlist - • How to Text Your Uber ...
Links may contain affiliate links where we may receive a small compensation for. To see our disclosure here: therideshareguy.com/disclaimer/ 
Авто/Мото
Are you selecting your rides the wrong way? How are you selecting your rides? Let us know 👇
👉 Check out this video NEXT: ruclips.net/video/qaJCYUoTQJI/видео.html
👉👉 MAXIMIZE your rideshare earnings with the Maximum Ridesharing Profits Course: maximumridesharingprofits.com/ridesharing/
Enter code RSG50 for 50% off the course! (limited time offer)
😂😅🤣😂 8.5 years with over 35k
I think the most valuable take away is you are a more relaxed driver. I can make more per hour but the tricks and stress of keeping up with the everything- trying to squeeze an extra dollar out of every ride can be terribly stressful and often times disappointing in the end
Just use an application like Para that does all of these calculations real time while driving ($/hr, time and distance to pickup, ride length and time, etc.) Automatically declines rides based upon your parameters. Finally discovered this application after 10k rides and 5 years. A life changer.
When I do my calculations, I first to do the hourly calculation, and then, if that meets my expectations, I calculate the amount of pay per mile. In many instances a trip that meets the hourly requirements involves far too many miles which drastically increases, the overall cost and makes the trip much less profitable. You must be calculating both time and distance when selecting rides.
The flaw in your plan is a failure to consider the destination. Easy to make a highly profitable trip, but when you have to drive most of that distance back without a passenger, then that needs to be considered as well.
You can make money on your ride back by setting the destination filter.
@@1vinnerman How, by Magic? There are certain areas in most markets that are dead or very difficult to get rides out of.
@@shape5685 I've never had a problem in getting riders heading back, in fact there are a ton every time. I guess the Pittsburgh area is a good place to drive.
That's why part 2 of this system needs to make sure the dropoff ends in another high surge area. Stay in the surge clouds for as long as you can.
@@shape5685 I've never had a problem getting a good ride back using destination filter, I guess I'm lucky to be in a good area.
In San Antonio my acceptance rate would be zero if I tried for 30.00 per hr..
lol
Why all these calculations are left to drivers to make in the nick of time ? Also, Uber should change the 1-tap to accept a request to something else (like a square, a circle, a wiggle, a triple tap or anything but a single tap) to eliminate accidental acceptance.
Using a per hour target as the benchmark metric to evaluate all potential rides is also the way i optimize my time. Training your mindset to quickly get to the potential earnings of a ride made all the difference.
Until you get AFd during a streak.
The other wyld card in using the hrly metric benchmark ride evaluation is time between rides and yes i know to be patient ... But how long do u ignore rides that are crap (some crap stinks more than others) before that 10 mins or more like 5 mins that you waited applied to a ride that is close enough to your target is a better decision. Having targets by day or time makes sense for me. Having a $30-$40 target for Saturday night makes sense, using that benchmark Tuesday in rush hr doesnt and yes sometimes even with a smart approach to evaluating rides (or work days, time frames etc) doesnt mean you wont have to take a crappy ride here or there. Although i do use the per ride/hourly target to make decisions about ride acceptance, ultimately i look at the did i hit the hrly target for the day.
The 20 trips you showed totaled 254.8 miles and produced a revenue of $188.99, including boost, from what I tabulated. That produces an earning rate of less than 75 cents per mile. Several rides earned less than 50 cents per mile, which might be ok if you're running a not for profit business.
It's less profitable to focus so much on time, since it not an operating expense like mileage and maintenance.
What’s your exact cost per mile?
@@jayhafe Not including car payments, last year my expenses for fuel, maintenance, and licensing came in at 33 cents per mile for a Yukon that can do XL, Lux, and the occasional Lux Black ride. Including car payments, cost was 65 cents per mile. My gross earnings on rideshare was $3.38 per mile. What's yours?
I really think you're onto something. I've been looking at the rides myself and looking at similar rides and I can't figure out why some pay ridiculous crazy good pay another ride similar doesn't pay as good but it's still worth doing. None of it really makes sense but I almost feel like Uber is doing it on purpose making my pay almost exactly the same as what they want. I also feel like the tips are better on some of those rides that don't quite measure up making it a good ride. I've also been kind of changing up the time I start and finish. And different days. I believe that they're giving better rides at the time that they want me to work so basically they're trying to schedule me when they want me and how much they want to pay me. I just keep racking my brain I just don't understand none of this makes any sense I just need to make a living
Definitely have to calculate distance and time to pickup, also realize rush hour extends ride lengths with no rise comp..
So pick rush hour rides carefully
I just finished my day using the calculation described in the video. I made my daily goal amount about an hour faster. I'll do this for at least a week to have a larger sample size to make sure it is really better. Good first impression though.
I’ll be checking in 👍
So how's it going?
It would be much more helpful your comment if you tell us how much was your goal and how many miles you drove?
@@ladystormhealing it must not have been lucrative
Uber is taking away all the tools changing their algorithm and their app in ways that don’t help the drivers anymore. You basically have to luck out and get a good X. Surges don’t even matter anymore. They just average everything together.
I used to be able to get a $20 ride with a $10 surge and when I use third grade math that equals $30. However, now they average it and it’s like 23 or $24. Or less sometimes.
Exactly, thats the calculation system I always do, trained my eye to caculate entire time of trip. My expectations are only to take trips that will pay me using a 30 dls standard.
I'm the same way I go for 30 week day 40 or more on weekends
Your strategy is sound, I kind of follow the same guideline but only being a rideshare driver for a short period of time you have to take these three things into consideration and you have to think quickly.
The first is the area. There are some places I won't go to or run away from as quickly as possible because there are too many stop lights/stop signs, railroad crossings, heavy traffic or school buses at certain times of the day.
Second is how easily I can get to and deliver my rider. My best routes are right off a highway or a street I can move quickly on. I try not to go more than two or three miles off a quick get away or get to scenario.
# Three is the actual pickup. And over time you figure out if this is a employee pickup, a drunk person pickup or a random call. I make it a point to tell them I am on my way as soon as I can, I tell them when I arrive, and I both call and text them if they don't show up within two minutes of my arriving. You don't show in five minutes, I am gone and moving on. You never waste time.
Yep. Dollars should equal half the minutes. Been doing it that way since upfront pricing started. 😊
Jay, Uber just started upfront pay rather recently. So to say you've been choosing your 28 thousand rides wrong, is not truth as with the old model of time and distance, your strategy of taking the next closest ride was a very valid approach not including any boost (surge) in the equation.
I do the upfront fair and time , it works for me if u don't like it then don't drive dor uber that's it
You 100% should be tracking your mileage per trip because that is the single largest expense we as drivers incur.
Well, yes and no. Always record mileage, because no matter how you do your deductions, it’s a vital stat.
Now, if you are only going to take the standard mileage rate deduction on your taxes, mileage is all you need (plus non- car related expenses) because it accounts for gas, depreciation, ware and tear + repairs..
but if you are going to itemize deductions, you should track everything; the gas you use, the cost of repairs, depreciation schedule… and then use the miles to determine the ratio of how much of all those costs is work related and how much is personal.
Then taking a deduction for only the amount that is specific to the work side of that ratio.
It’s all much easier if you have a vehicle that’s only used for 1099 work.
Lastly, the less efficient your vehicle is, the better it is to itemize deductions.
If you drive a hybrid or electric, then you will get a bigger deduction with the standard mileage option. (Generally).
@@richeyrich2203 thanks
If you do a long trip into a dead area besides calculating the pay per hour for the return trip you have to subtract extra to allow for the extra fuel cost coming back empty.
They know who tips and who don't and I believe they factor that in and base what fare they are paying us . They are the same rides paying differently but when you add the tips and boost it almost the same . They also are giving good customers top priority
Nah the algo is smarter then that it's low balling drivers and keeping track of that same with customers. Trip radar is proof of that same with surge is different for everyone Chris and Sergio showed that when multiple drivers standing in the same spot showed different surge and pricing for all three it's rigged Uber will never show us how we get paid because it would be us looking behind the curtain
I drive Uber Eats well I used to part-time. I don't really do it anymore because it's really not worth it. June 1st, 2019 that's when the algorithms started to change. They told us that they are working on the app and advertisement and at the time I was like okay cool. Because before June 1st, I was making a killing. It was a piece of cake. I was making more than a doctor practically. Those days were the good old days. There were so many times i made $500 a night. I was like I'm doing this job forever. I found my calling. This is my destiny. And then everything just fell apart. I might drive 10 hours every two weeks. But they got to be promotions. Those full-time days and or nights were the Miami Vice days. I went from making on average $300 a night gradually fast though to barely working and paying any attention to them anymore. It was funny though cuz I went from having like a neurosurgeon doctors salary except being a doctor I was a delivery driving. Good times! Those two small years are completely over with. Now with ubereats if they don't put an actual decent tip on their the base salary is like $2.35 no bullshit
I do this, and it works for me. I don't take anything below 33 cents per minute. And that's before boosts and quests. For the last months, I have been earning average of $29 per hour after expenses. However, I do really good on this averaging about 12% in tips
how do you get better tips? I did 12 rides yesterday and zero tips :(
@Nate V clean car, good vibes music, I wear a casual bottom down, clean hair cut and shave, I smile, greet and make eye contact on pickup and drop off, and finally I try to have a friendly conversation. Basically my way of thinking is that I'm running a business of driving people around and I want then to have the best experience. I read a book called small talk and it helped me.
@@trythinking8024 where do you drive?..I'm in Chicago.
@@eatshiy raleigh
My Operating cost is 32-34 cents per mile. Anything above is my wages. I drive for 75 cents and above only.
Amazing pro tips. Thank you.
I understand the mechanism and worth the try. However, please note that the time you see on your uber/lyft upfront is not true as it might take you much more than that. The reason I say is I did Doordash and it used google maps in the app. So when it says 20 mins to destination, it doesnt calculate the time to wait at the traffic lights. Somehow the maps think all traffics will be green for me. If you going highway doesnt matter, but if that whole of 20 mins is through the city, add another 10 minutes minimum.
Your system worked perfectly for me. Thanks.
Thanks for the video Sir. I have been using this strategy for awhile in Los Angeles. Time is money. I also drive a Prius with excellent MPG. Taking the total amount of pick up time and drop off time and dividing by 2 and looking to see if the upfront pricing is around that total time amount, just like Jay explained. 5 min pick up and 15 min drop off is 20 min total time. Dividing by 2 is 10. Ideally the up front pricing would be at least around $10. By using these calculations that would put your pay around $30/hr. But now the surging has plummeted here and it is hard to hit those numbers and I have not been driving a lot lately. Ideally, when it’s really surging plus Boost, I shoot for the short trips, 10 min total trip time and getting paid $10. Those are the optimum trips due to multiple factors:
1. Shorter trips equal less miles of wear and tear on your car
2. Shorter trips equal less money on gas
3. Shorter and more trips equals possibly more tips
4. Shorter trips could equal staying in the surging areas and/or boost areas, especially during the rush hour times
5. Shorter trips used to be helpful to hit the Quest bonus but now they changed the Quest bonus to earnings instead of by trips
I've been doing this same math for my rides for a long time. It's simple and it does work. I'm fine with taking long rides bec I know I get money back from IRS which more than covers cost of gas. So my acceptable rides are that pay has to be at least half the total of my time. Easy math.
I just started a couple weeks ago driving in Dallas area after work and weekends. I look at dollar per hour and cherry pick rides and i am averaging over $23 per hour
Jay this is interesting. Im going to try it out. Hey in your market what days and times work best each week?
I do the same.
$1 per total minutes is $60 per hour.
You cut the total
minutes in half so it’s $30 per hour. I just use Maestro nowadays as it calculates per hour and per mile before each ride.
What app is that? Can’t find it on App Store
Easy and accurate. Thank you.
Good input mate!
I’ve been using a method similar to this since up front hit my market.
It works. And it’s profitable.
We don't have upfront pricing yet....so we still have the 50% acceptance rate in order to see those crucial details. We also have a limited market, so declining all those bad rides could leave you sitting, waiting for the rides that are up to snuff. But I will try this out when upfront fisting.....err, pricing....gets here.
This makes lots of sense to me I will start doing both.. looking at per minute and per mile
With few exceptions per minute/per hour is more important than per mile. This is why the 64 cents per minute the drivers of Seattle are paid is more important than their $1.50 per mile rate.
It’s a good formula to pick good rides but after reviewing the spreadsheet, based on that formula the only profitable rides are with boost/surges included with the only exception being ride #11.
If this doesn't include the time you spend turning down rides that don't meet your criteria then it's not a true per hour calculation.
For example, if you turn down a 15 minute ride that pays $7 because it's less than your $30 per hour rate, but you spend 10 minutes to get a ride that pays $15 for 30 minutes (which meets your goal), you've lost money. You got your $15 for 30 minutes of work, but you actually spent 40 minutes to earn it, which is a lower hourly rate than the ride you thought was less profitable.
My simple strategy $1=1 Mile. I don't want to wear my car for less than that. At the end of the day if you are getting more miles than dollars, you are following Jay's strategy. Are a "contractor" or a ride share employee ?
I'm so glad somebody else does this research for me lol
Not sure why people keep chiming in you need to consider mileage when it's addressed in the video why it's not. Mileage is a garbage metric. I work a somewhat rural resort area. If I stay in the prime resort area, I can usually do a lot of rides within a small radius. But the majority of people are staying at resorts around the main area, not in it. They can also be on the other side of one of several lakes. Those may be right on a highway (miles high but time short) or they can be on the other side of the resort area or a lake (miles low but time high). MILES DON'T MATTER, even for gas vehicles (in my EV they don't matter at all), your TIME does. Miles don't dictate how many rides I get in, TIME does. Deadheading is deadheading and also bound by time, it's a separate issue to this.
I love what you sait not much work you take most 🎉
So I want to break this down further. In order to make $30/hr. I need to make 50 cents per min. When you divide the total drive time in half and the numbers are smaller then your flat rate payment what does that mean exactly? How do you figure out how much that is per min and how would I go about putting these numbers into the filters for the Maxymo app so I can have it calculate it for me as I feel like I'm the only one that can't do these calculations fast enough lol.
I judge by total time. I will not take a ride that averages less than $20/hr. I do not look @boost or surge anymore total $ all that matters
What i like doing after i am on a roll($25+/hour) or immediately after a really good ride is accept any decent ride after that to keep my momentum going. There have been times where i take a ride for like $23 for 30 minutes but then wait and try and be selective after that ride and then just end up wasting 30 minutes and it just made it $23/hour. Especially during the end of my shift, i like adding whatever i can get bwfore maxing out.
Great tip!
@@TherideshareguyMorning…hopefully you can help me out….62 & have been a self-employed Courier for over 30yrs…just found out, the last 5yrs i have been treated BIGTIME unfairly….at a crossroads in my work life, need someone guidance
Not afraid to work 12hr days, 6-7 days a week of the pay is there
I know the in & outs of Houston , i’m a native ….fully understand the hot spots for clubs & business
Can a newbie hit the ground running or does it take time ?
thz
only accept rides at $1.00 per mile.
Already received $1.38 a mile it doesn’t get any better than that I’m just saying
Does a mile driving through city streets cost more or less than a mile on the highway?
Hell no, a dollar a minute
What happens when it's a 5-mile ride with an estimated time of completion of 15 minutes?
What's Your Cost for Miles expenses driving your vehicle ? Also What should be your hourly pay for you if they hire you ?
I like you Jay. Uber is sucks now with the price man. They should do something the owners with the ceo cuz the price are so low and bad.
Hard to do calculations when you're on the highway with another passenger and you have 15 seconds to figure all this out while dodging traffic and paying attention to your exits. Happens to me all the time. I often do not have the time to quickly calculate. Either accept or not. How do you all handle that?
Hello. Thanks for the insight. I'm missing something though. Why exactly do you divide the total time in half, why is that figure your break even point?
Yea he should have explained it more
He’s dividing it In half because he wants $30 hour. Hour is 60 minutes and 30 is half that.
But what about time between rides? I guess Jay is not even factoring that in.
Anyone know why I get so many discharge patient pickups from area hospitals? Thought this ride would pay more. Any rideshare knowledge of uber lyft contracts the patients don’t pay the hospital has a contract why are they 4.00 rides
How many hours do you work a day?
How many rides do you cancel a month max?
Calculating all this seems like more work than the actual ride! How many rides a day do you decline til you figure how much you want for the ride. And all that time calculation given could be waay off depending on traffic. I generally base my take to the city or direction.
It's still hard to quickly take in that data and do the calculation while driving
Hmmm… $0.50 cents per minute = $30 per hour. Total minutes decided by 2 = $$$ per hour.
However… my car costs me $0.58 per mile to operate. Which includes EVERY expense including gas, maintenance, depreciation and insurance. So I try to average at least $1.50 per mile too.
If you're working for them at $20 or $30 dollars a hour and not counting Your Miles, your expenses, what should be your hourly rate working for them with out your expenses? Is it Profitable ? 😬
Why don't I get all that info when a ride is offered? I just see how far they are from me and their rating....
You are lucky. In Indiana the only info we see is the time to pick up. Nothing else.
I'm in PA and it's the same for me. I only see how far way a ride is. I try to stick to 10 min or less
Does your market still use a per mile and per minute rate card?
Also this way said the true Norma. Is Uber don’t adjust the prices I won’t see Uber in the market anymore another company will shows up and kick out Uber and Lyft out of the market
Here's what's happening to me..I drop off a passenger and it's taking me to the next! I never even swiped it!! No clue what pay is!! Happens at least 4 times a day!! Also I agree on a ride and then on my way there the miles double but fare doesn't change..to me that's completely SHADY
Find the video that explains 'stop new request'
My info only tells me how far away trips are. Where do you see the amount of money trips are worth?
Seems only in certain areas. I don’t get this in New Jersey.
So if I'm open to $20 an hour, how much should dollars equal to the minutes?
$20 per hour = 33.33 cents per minute.
You are a smart guy. You can work for a financial industry and make better money than this.
This video is for the lucky ones that have Upfront Fare.
Not for me in NJ.
Your market must suck if you're taking rides at $0.50/min, I take rides once they get to $1/min total (total time). Once you start taking rides based on total trip time, then you add in making sure the dropoff keeps you in the main surge zone. Now you're dialed in maximizing your time out there. NEVER take rides at 0.50/min or less.
So. You will spend more on gas and car expenses in the long run if you accept 30 bucks for an hour long trip that is 46 miles… if you are in a busy city and it takes you out of the busy area (including your home) then you will need to come back with 46 miles as well. Uber (just like gambling) is just a loosing game. Its gotten to the point where I have to stop working so I don’t take it out on the custom(s). I can not stress this enough! I DO NOT WORK FOR FREE!
We get 5 seconds to decide
Wish there was a screen shot of the equation
Me too.
Should be what I’m getting paid per mile
Uber has stoped disclosing fares upfront in Queensland Australia so these strategies will not work.
Are you saying that Uber has gone back to hiding destinations?
Looking at your sheet from Sat i cant believe you took most of those rides. It doesnt look like you followed your new method at all.
Most of those rides are pure trash. He's relying on the Prop 22 subsidy to bring his gross earnings to $18 per ACTIVE HOUR. He can make more money flipping burgers at McDonalds without beating up his car.
Aren't these prices preprogrammed into the algorithm? So it gives you those prices right away. I'm quite sure they have a tech manipulating the system.
Can you tell me when Uber is rolling out upfront pricing in the New Jersey New York area. I have an idea why they are slow in rolling it out in New Jersey New York when your sitting in the Uber waiting lot in Newark New Jersey Airport and you see how much your going to get paid to go to New York City Queens the Bronx or even Brooklyn you definitely not going to go in New Jersey Uber drivers get reimbursed for tolls going over to New York which of you going just into Manhattan that's fine because it's one toll round trip but if you're going to Brooklyn Queens Staten Island or the Bronx and you have to go Brooklyn via the Bayonne bridge to Verrazano bridge to get to Brooklyn Queens or either LaGuardia or Kennedy airport you will not get paid for tolls coming back to New Jersey never mind the traffic. If where I live in New Jersey I take the Lincoln or the Holland tunnel you were charged round trip going into Manhattan but when you have to go to JFK or LaGuardia airport and you're taking the midtown tunnel you have to pay each way and Uber only charges the writer one way so coming back your reading $8.50 through the midtown tunnel Verrazano bridge back to New Jersey. Or you could travel out of your way in traffic into Manhattan in which you'll be stuck in traffic for two to three hours. New Jersey Uber drivers cannot pick up in New York state but people from New York can pick up in New Jersey but that's for the state legislators in New Jersey to get on and straighten that out.
Jay, I have to strongly disagree with your new method. $$ per hour when you own a business is irrelevant. You are not an hourly employee. Not once did you mention your expenses. "I'm not interested in the miles" is silly. The only way to measure profitability is by subtracting expenses from total revenue. For instance, I want to hire you for $1000 a week. Your expenses would be $800. My neighbor wants to hire you for $500 a week with $100 of expenses. Same hours for both. Who would you work for? The answer is obvious. Upfront earnings also give you the opportunity to figure out $$$ per mile for the ride, much quicker. 9 miles for $10 is around $1.10 per mile. Your cost per mile is consistent on average. $1.10 - cost per mile tells you profit per mile. To each his own I guess
It’s not really a business if you are removed from the equation and it doesn’t generate income. You can pretend like it is though.
@@wilsongideon4342 Have Uber and Lyft generated income since inception? No, so are they a business? Perhaps for you it is not a business because you must not be generating income, I guess. For me, my operating costs (all in) are 27 cents a mile. As horrible as Uber and Lyft are currently I average between $1-$1.15 a mile which is 4-4.5X operating expenses which leave much income and profit. Who is the pretender???????
@@wilsongideon4342 if it generates income, and that requires paying tax, it’s a business.💰
I’ve been using a method similar to this since up front hit my market.
It works. And it’s profitable.
This is a gig, not a "business". Jay doesn't decide how much to charge for each ride. All he can do is choose rides that are profitable to him based on time. He is in the end, exchanging time for $$...
I usually set my radius to 5 miles...in downtown Chicago, however the GPS is worthless sometimes (all 3 of them). Want to get tips? Kiss their ass and tell em' it tastes like ice cream!🤣👍
👍
It’s not a bad tech for $30/hr. Although I aim for $60/hr but that depends on city and market of that area. Mins equal dollar but only during surge times.
Great analysis however 👌
Fascinating, but many issues with your reviews 1- why dividing by half? You didn't provide the reason for it 2- your main flaws on the analysis is: when to receive the next job is outside your control, so you have taken the probabilities of the time wastage spent waiting for the next job if you reject the current job based on such calculations, meaning you will (not 100% tho) spent more time in the total hours you been driving hence less earned money per hour.. i could list many other issues with your clips, but i would recommend future clips to be more calculating with all issues and not just pick and choose,,,
Because dividing by half equals out to $0.50 per minute, or $30 per hour.
He did point out near the end of the video that this strategy only works when the ride requests are coming through steadily and that if it is slow, it doesn't work.
nice idea, but not practical
It boggles my mind people continue to make videos about driving for Uber/Lyft. They have cut driver pay 80-90% since I started. Be honest with your viewers and let them know driving for rideshare is a bottom of the barrel job. Working a fast food job is more profitable now.
TOOK 28,000 RIDES TO FIGURE THIS OUT 👀🙄
I don't do uber x , it dosent show miles or pay . They want me to do rides then don't hide information.
Uber and lyft don't care about the drivers this piece of crap work for them.
So, go and find a regular part time job... If you dont like working for UBER,....DONT . Its as simple as that.....DO OR DONT....