RIDEGURU
I'm interested in hearing other drivers thoughts on maximizing profits. Anyone want to share thier best practices?
Maximizing profits
Posted 5 years, 8 months ago
Posted In
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Posted By
Allen Moore (Entilzha)
29
Driver
Ride Apprentice from Shelton
Independence through ownership!
I am a long time retail manager who is tired of working for someone else and having to follow thier rules. I'm my own boss and now I make the rules in my life.
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Comments
Drive for multiple rideshare apps and multiple services.
I have 4 different rideshare services loaded on my phone, and I use different ones accordingly to "maximize my profits." Try to have a primarily one though, in order to receive the streak bonuses. Only use other apps, if the primary seems to be slow or when the surge seems to be better on another.
Also, try signing up for other services like food delivery (UberEats) and Kid or patient transport. None of them are as lucrative as others, but what I learned about them is that they hit different consumers and you get to fill your slow times. For example, UberX is great for mornings and late afternoons, but it's dead during the day. but with UberEats, you get requests at like 11:30AM for lunch and again at 8PM for dinner.
Not sure about maximizing profits, but there are ways to save on costs/expenses.
For example,
- Don't you ever chase surges. (even under the new rules)
- Just sit and wait between rides. Don't waste gas.
- Get a low mpg car with good gas mileage. I still people who drive big cars for Uber. I get it that that's what you own, but if you drive more than 20 hours a week, it's worth it for you to splurge on a Hybrid or smaller footprint car. Trade it in and take the one-time hit.
Whether you have a full-size Camry or a tiny Fiesta, you make the same money on UberX.
Remember if you drive 20 hours a week, you probably drive like 500~700 miles. That's 25K~35K a year. By going from 30mpg to 50mpg on a Hybrid, you save 20mpg, which is a saving of $1500~2000 annually.
Drunk college kids and snacks :) They will pay $5 for a 50 cent bag of chips.
I find giving long rides, the one that have a banner 45 min plus are the ones that make the most sense.
occasioannly that means you will have to ignore a bunch of rides coming your way in order to get the long one. My weekly acceptance rate is 31% because I do not do shared rides. For example last night around 8:00pm I got a ping from an airport on regular Lyft and since it was only 8 min away I accepted it. I thought to myself (strange to get a ping at this time from this small airport at this time as according to FlightStat app the last plane landed at 6:00 pm and nothing was scheduled to fly in until 9:00 that night) must have been a straggler who lost baggage etc). When I accept a ride on one app, I keep other app open in case a 45 minutes ride comes in on the other app. As I was pulling into airport my Uber app pinged from the same very airport but with a 45 minute banner. I quickly cancelled Lyft ride and swapped the Lyft placard for Uber;) arrived and saw a bunch of people on …
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I find giving long rides, the one that have a banner 45 min plus are the ones that make the most sense.
occasioannly that means you will have to ignore a bunch of rides coming your way in order to get the long one. My weekly acceptance rate is 31% because I do not do shared rides. For example last night around 8:00pm I got a ping from an airport on regular Lyft and since it was only 8 min away I accepted it. I thought to myself (strange to get a ping at this time from this small airport at this time as according to FlightStat app the last plane landed at 6:00 pm and nothing was scheduled to fly in until 9:00 that night) must have been a straggler who lost baggage etc). When I accept a ride on one app, I keep other app open in case a 45 minutes ride comes in on the other app. As I was pulling into airport my Uber app pinged from the same very airport but with a 45 minute banner. I quickly cancelled Lyft ride and swapped the Lyft placard for Uber;) arrived and saw a bunch of people on curb.
when passenger couple met me they asked if I had plenty of gas as the ride was about to take me 2.5 hours into Long Island, apparently their flight got cancelled and they wanted to go to another small airport in LI so they could fly out next morning.
So this strategy of not closing the other app after accepting the request on he first app may be helpful for you
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I thought you get in trouble if your accpetance rate is too low?
cancellation rate will get you not acceptance rate, at least it has not yet
cancellation is when you accept a ride then cancell it, I just do not accept:)
Did you see this thread: