RIDEGURU
Most UBER and Lyft drivers are losing money with this gig, they unfortunately don't factor in all the expenses associated with rideshare. Hence, 80% quit in less than 6 months.
Do you know what your net income per hour is?
Posted 5 years, 3 months ago
Posted In
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Posted By
Sergio Avedian (Uberserge)
1300
Rider
Driver
Ride Apprentice from Los Angeles, CA
Blogger, Podcaster, Active Rideshare Driver/Coach
Active Uber/Lyft driver in Los Angeles, contributing writer for Rideguru and RSG (The Rideshare Guy), podcaster, rideshare driver coach, independent consultant to rideshare and tech companies.
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Comments
I regularly calculate my gross earnings, but don't do stringent calculations on net earnings very often because net earnings vary depending on stuff like need for maintenance, gas price swings, seasonal market variations and even my mood/attitude/stress level.
My net per hour is in the $20-26 range. I can live with that.
20-26 net per hours is the highest in the country or higher than 99.5% of drivers.
X rates here are still $1.11 /mile + $0.1875 /min, and the vast majority of my runs are 25-30 miles on the freeway doing 70-80 mph. Car is paid for, oil changes are free, and my biggest "expense" is vehicle depreciation of approx $34 /wk.
Like I said in my previous compliment, you're in the top 0.5% of 2 million drivers in the US
Top .5% in all categories except acceptance and cancellation rate. 😊
Yay for UberPro Blue status!