How Ride-Share Drivers Actually Make Money
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- Опубліковано 18 лип 2018
- The ride-share business has flipped the taxi industry industry on its head. Companies like Uber and Lyft are raking in billions of dollars in revenue by disrupting local markets, but drivers on the road have a different strategy to maximize profits - diversification.
Ride-hailing drivers are technically independent contractors, so they’re not tied to just one company. The more apps they’re on, the more money on the table.
Harry Campbell, a ride-hailing driver known as "The Rideshare Guy," runs a blog to help drivers make the most of their business. And he recommends drivers sign up for at least two different apps.
"Once you learn the ropes, you should be driving for at a minimum both Uber and Lyft because you’re actually a business owner as a rideshare driver so it’s important to diversify your income," Campbell said.
But juggling multiple ride-hailing platforms can be complicated. Fumbling between phones or apps to manage new rider requests while navigating the road isn’t always the most efficient, or safe, way to work.
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How Ride-Share Drivers Actually Make Money | CNBC
As an Uber driver myself, I often hear my customers say how much they hate taxis. The most common complaints are; drivers have bad hygiene (smell), do not speak English, and charge 3 times the price of Uber.
Taxis are expensive because they pay a hefty tax to the city in the form of limited licences, intended to prevent oversupply of taxis (which is now happening with Uber, Lyft, etc).
Funny I hear that people get kidnapped and die or shot from Uber or Lyft drivers who turns out to be psychopathic criminals.
It's a catch 22.
Uber openly states that they will transition to 100% driverless cars in the future. If you work for uber you're helping them replace you. 😣
aaronnewb Well, Uber Drivers are not that smart to begin with.
Driverless cars are decades away.. Calling the current generation of cars driverless is stupid..
I did the math and after gas, 55 cents depreciation per km. Insurance etc. If you don't want puke in your car it's basically $5/hr
Only reason taxi medallions are so expensive is because cities refuse to license more taxis. It's a highly restricted supply that only large taxi companies can buy, and once they have them, they're never releasing them, they just lease them to the drivers, like a franchise. The whole thing is a scam. Not that uber is any better, with the average driver making less than minimum wage.
Ok but that told me nothing about how they actually make the money...like the title? Of the video? Cmon.
Do not let your kid get in to this instead long term investments
I don’t understand why can’t taxi driver just sign up for uber and lyft too. Then they would make all the money.
I was just going to say the same thing. Must be in the contract. Conflict of business.
So, they should just give up?
Did you not watch the god damned video?
Because they won't be able to rip people off, take however long they like, and drop you off whenever they want.
ummm uber drivers and lyft drivers don't make a lot of money as taxi drivers do. Its been proven uber driver make way lower than minimum wage
Yeah, but the Uber and Lyft driver gets paid less than the taxi driver....But charge the rider significantly a lot more.... Uber and Lyft pay the driver 1/4 of the fare.....
I want my Car full of guys during my long ride.
no sympathy for the cab drivers
Adapt or Go Extinct
I my town I called a Taxi and was told I would have to pay extra as it was night time., after 11 pm, I never used that company again.
No mention that neither Uber or Lyft are making a profit on the billions of revenue...
music is to loud
Taxi drivers rip you off with the unclear rates. As opposed to Uber and Lyft. They tell you how much your trip is going to be, way before you even call for a ride. Thank God for Uber and Lyft.
While the drivers of them are barely making any money
I dont feel sorry for taxies at all trying to get a cab as a black man and them just passing me up
ask ur self why ......i’m black American.
The drivers average less than minimum wage. It's a scam
Some people are really bad at math...I say stupid people shouldn't have $$$
PizzaPartyNightmare Exactly. Uber is for people who can't add.
Empower rideshare, dmv is the best.
When they replace with robots and jobless with higher ages and no skills from education
What’s up Harry!
Empower rideshare dmv is taking over
Hello! I’m from india and I’m studying IT engineering i need some help about this project just because we’re having last year project based on their studies so i need some help and a good reference to make my project unique and good! Is there anybody who can help me out?
AWESOME
They don't make money
COOL
An outdated service is being replaced by a better one.. Nothing new..
The next big drive share app will be built on EOS
Beautiful #aarti72